This week Kimberly Smith continues her series on guiding real estate agents who want to help investorsĀ buy properties for the purpose of high cash flow vs. fixing and flipping.
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 anĀ 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?
The income a corporate rental takes in depends on a number of factors such as location, bed count and amenities.
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!
Kimberlyās new book, āMaking Money with Rental Properties,ā is out. You can find out more about her book here.
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