Why Corporate Housing is Better Than Short Term Rentals

Working smart is always better than working hard especially when it comes to real estate investment. If you’ve been stressed out in dealing with the responsibilities that come with short-term rentals, maybe it’s time to shift to corporate housing. In this episode, Liz and special guest host Stephanie welcome Angela Healy to talk about why it’s smart to invest in the corporate housing niche. She breaks down the business model she used to grow her portfolio and discusses everything we need to know to get into the space: from finding the right property and partnering with corporations to navigating regulations on corporate housing. Angela Healy is the co-owner of multiple AvenueWest Managed Corporate Housing Franchises and AvenueWest Global Franchise, LLC, an award-winning, woman-owned business that delivers real estate investors a turnkey solution for property management. During her tenure, AvenueWest has grown exponentially from a small real estate investment brokerage to a national, award-winning franchise organization, representing annual gross revenues above $20 million and over $150 million in residential real estate under management. Quotes • “Corporate housing is kind of that sweet spot in between the two. You get the benefit of a higher rental rate than you would on furnished. But you don't have all the pains of dealing with the nightly’s, the unfurnished tenants not treating your property well. (11:19 - 11:37) • “Because the corporations are renting the properties for their employees or consultants coming in on assignments, people aren't doing anything to the corporate apartment that will make them get disciplined at work.” (11:39 - 11:51) • “If you're paying top dollar for the property… they're looking for the best of the best. They're looking for the Ritz-Carlton of corporate housing. You need to be able to provide that product. (19:03 - 19:23) • “We want to work smart… but how do you also work smart so that you're not burning yourself out? That you're able to provide and get that next property, and the next property, and the next property?” (20:52 - 21:05) • “Change is good for corporate housing. People coming and going, all of that creates the demand.” (33:48 - 33:53) • “We're doing this for our families. And if you're working so hard that you miss them growing up, then you're going to blink and they're going to be 30. You're going to miss it. (42:56 - 43:08) Connect with Angela: Website:  https://avenuewest.com  LinkedIn:  https://www.linkedin.com/in/angela-healy-avenuewest/ Twitter: https://twitter.com/avewestglobal  Facebook: https://www.facebook.com/AvenueWestGlobalFranchise/  Instagram: https://www.instagram.com/avewestglobal/   Resources Mentioned: Corporate Housing by Owner Don’t Sweat The Small Stuff. . . and It's All Small Stuff by Richard Carlson How To Join the InvestHER Movement  1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: Apple Itunes  Spotify Amazon Music Android   Stitcher    2) The Real Estate InvestHER Membership  STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms. Apply today. We open doors in June. https://www.therealestateinvesther.com/reserve  3) InvestHER Community on Facebook  We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    4) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!     5) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris. Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.