As a real estate investor, investing in corporate housing properties can be a lucrative opportunity. Corporate housing offers a way for businesses to provide their employees with a comfortable and convenient living space while they are away from home on a long-term basis. To make your property stand out in the competitive corporate housing market, it's essential to consider the type of furnishings you'll provide for your tenants.
A Fully Equipped Kitchen
Mid term rental guests are often looking for a home away from home, which means they'll need a kitchen that is fully equipped with all the necessary appliances and cooking utensils. A refrigerator, stove, oven, and microwave are must-haves, as well as a set of pots, pans, and cooking utensils. If you want to go the extra mile, you can also provide small appliances like a coffee maker and toaster, as well as a set of dishes, glasses, and silverware.
Comfortable Beds and Linens
Comfortable beds and high-quality linens are an absolute must when it comes to mid term rentals. Guests who are away from home for an extended period will appreciate a comfortable place to sleep and relax, so make sure the beds in your property are top-notch. Don't skimp on the quality of the linens, either. High-thread count sheets and comfortable pillows can make a huge difference in the overall comfort of the space. It's also a good idea to have extra pillows and blankets on hand in case your guests need them.
Casper Sleep Original Foam Mattress, King
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If you're looking to provide a high-end experience for your mid-term rental guests, then a high-end mattress is a must-have. A comfortable and supportive sleeping surface is one of the key elements of a luxurious and relaxing stay, especially for guests who will be staying for a month or more. With this in mind, investing in a top-quality mattress is a smart choice that can help ensure your guests get the restful sleep they need to fully enjoy their time in your mid term rental property.
Novilla King Size Mattress
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If you're searching for a budget-friendly alternative, the Novilla mattress may be worth considering. With a 4.5 rating on Amazon, it offers a cooling gel surface that still provides a medium-firm feel. This mattress is a more accessible option, especially if you need to furnish multiple bedrooms in your mid-term rental. It's important to keep in mind that gel and cooling mattresses have a tendency to accumulate heat, so it's crucial to consider the climate in your rental property before making a decision.
BEDSURE Bamboo King Size Sheets
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Bamboo sheets are renowned for their softness and cooling properties, making them a popular choice for bedding in mid-term rentals. However, it's important to keep in mind that they are prone to wrinkling, so it's crucial to remove them from the dryer promptly and put them on the bed immediately. If this is not feasible at your rental, it may be wise to consider alternative bedding options. You want your guests to feel comfortable, but you also want to ensure that the appearance of their bedroom is neat and tidy.
Union Hospitality 12 Flat Sheet White T-250 Percale Hotel Linen
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As someone who is quite particular about their sheets, I always opt for crisp cotton sheets similar to those found in a high-end hotel. I've been using these sheets for years and have never switched to another brand. I also like to buy XL sheets and use the "three-sheet trick," where I use three sheets as the fitted, middle, and top layer on the comforter. This helps simplify laundry and eliminates the need to sort out which sheet goes where. However, in a mid-term rental setting, guests may not make their beds as neatly, which can be more frustrating for the guest rather than helpful. In these cases, it may be a wise investment to also include fitted sheets to make things easier on the guest.
Everlasting Comfort King Size Waterproof Mattress Cover
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Ensuring the protection of your mattresses is a must for any mid-term rental property. Although you can't control the behavior of your guests, you can take steps to minimize potential damage to your bedding. A waterproof mattress cover is an essential item to invest in, as it will help guard your much more expensive mattress from spills, accidents, and other mishaps. Trust me, you'll appreciate having this extra layer of protection in the long run.
Bedsure Firm Pillows Queen Size Set of 2
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Adequate Storage Space
Corporate housing tenants will likely be staying in your property for several months at a time, so they'll need adequate storage space for their belongings. Consider providing built-in closet space, dressers, and storage shelves, so your tenants can keep their clothes and personal items organized and out of the way.
Tribesigns Freestanding Clothes Rack Shelves
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A Comfortable Living Room
The living room is the heart of the home, and it's where your mid term rental guests will spend much of their free time. Invest in comfortable and stylish seating options, such as a sofa, chairs, and coffee table, and consider including a TV with cable or streaming capabilities. A good selection of books and board games can also be a thoughtful touch.
Bathroom Essentials
Your mid term rental guests will expect to have access to clean towels, washcloths, and a shower or bathtub. You can also provide a hair dryer, a starter pack of toilet paper, shampoo and soap.
Home Office Space
With remote work becoming increasingly common, having a dedicated home office space in your corporate housing property is a must. Consider providing a desk, comfortable chair, and good lighting, as well as high-speed internet and a printer, to help your tenants be productive and stay connected while they're away from the office.
Outdoor Amenities
If your property has an outdoor space, you should furnish it with comfortable seating and possibly a grill for your guests to enjoy. This will add value to your property and make your guests' stay more enjoyable.
In conclusion, a well-furnished mid term rental property can be a valuable investment. By providing your guests with all the necessary comforts and conveniences, you can ensure they have a comfortable and stress-free stay. With the right furnishings and attention to detail, you can make your mid term rental property stand out in the crowded vacation rental market and attract the right guests for your investment.