Advantages and disadvantages of corporate rental

What is Corporate Apartment Rental?

Today, at Vanrays we can ensure high returns on our properties intended for Corporate Rental or Mid-Season Rental. For our part, you can receive a wide range of services, which can range from legal advice, through the comprehensive renovation of the home, to the start-up and correct marketing of the property.

In Corporate Rentals, the location and features of the house are very important, as well as the services provided to the guest during the stay so that success is safe and complete.

These are the advantages and disadvantages of renting apartments for entrepreneurs:

If you are an owner, and are thinking about renting your home corporately, you should take into account the following advantages that our team has found in this type of rental:

• Greater control over property

Our cleaning and maintenance team periodically visits the property to check that everything is in perfect condition.

• Lower risk than traditional rental

The tenant profile of this type of property is usually a medium-high profile guest, who is traveling for their company or for professional reasons in the city, so the risk of non-payment is minimized compared to traditional rentals.

• Fixed monthly income

Compared to tourist rentals, this is a great advantage of corporate rentals. The owner knows the approximate duration of the guest's stay in his home, and the fixed monthly income forecast that he will obtain by renting his property.

• Complete management

Marketing and setting up the home, preparation and signing of the contract, reception of the tenant, continuous maintenance of the property, control of monthly collection, cleaning management, inventory review, finding the right guest, among other tasks. The Vanrays team is responsible for all of this, in addition to making monthly payments to the owner and offering a wide portfolio of services necessary for the guest in this type of rental.

Between the disadvantages, which Vanrays has found in this type of rental are:

• Furnished and equipped apartment

Compared to conventional and long-term rentals, the apartment must necessarily be furnished with the qualities that Vanrays is accustomed to and equipped according to the inventory that Vanrays has stipulated necessary for the guest.

• Lower apartment availability

In homes intended for tourist rental, the owner can enjoy the apartment, either for personal use or for visits from family or friends. In this type of rental, availability for use is lower, although not non-existent.

These are the advantages and disadvantages that Vanrays have found in corporate or mid-stay rentals. If you believe that your property may be within the Vanrays philosophy, we can help you in the decision to focus your home on one type of rental or another, since there are many more factors to take into account.

Do you want to know more about corporate rentals? Read more.