Corporate housing may be right for investors who are interested in alternative investment opportunities beyond traditional rentals or labor intensive vacation rentals.
We are continuing our Q&A guide to help real estate agents and their clients understand the ins and outs of corporate housing as an investment opportunity for their portfolios.
We continue with question No. 3:
How much income can someone expect to make? How does that compare traditional, 12-month non-furnished rentals?
On average, a corporate rental, because it is furnished and provides full-service utilities, can earn twice as much annually than a traditional rental.
In other words, an unfurnished, traditional rental may be priced at $1,000/month, but a furnished rental with a flexible lease term may be $2,000 or more per month!
Kimberly’s new book, “Making Money with Rental Properties,” is out. You can find out more about her book here.