Yes if the corporation (employer) pays for the housing, then the employer gets to take a tax deduction for the cost. Preferred Corporate Housing has created a National Accounts Program which allows for Account Management Tools, preferred pricing, furniture upgrades and inclusion in the Preferred Placement Program which allows for "first shot" at available housing after a disaster. Corporate housing is particularly useful for relocating employees, especially corporate executives. Corporate housing, on the other hand, is the fully furnished, temporary housing solution that allows tenants to live more like they would in a real home. I would definitely recommend Premier Corporate Housing to anyone in need of temporary housing. To learn more about how working with TP Corporate Lodging can provide safe, temporary housing for your employees and significant tax benefits for your company, give us a call at 800.428.9997. When we were flooded out of our house and had to find a place to live in a matter of hours this company came through. Download key industry statistics from US and Canada Preferred Corporate Housing handles all housing requests and management of housing inventories from one central location, eliminating the frustrating inner office communication problems and delayed responses typically found with national corporate housing providers. Make a point of looking at the pictures and descriptions of the housing that they offer, and consider whether your property is a good match. If you prefer to call, the leasing department can be reached during normal business hours at (877) 683-4359. Centralized Management - One of the problems plaguing national corporate housing providers is the ability to service a client on a national basis by coordinating housing requests with the local company offices. These two groups account for over 54% of the market. 2009 Top Consultants – Consulting Magazine, Jim Bramante, IBM Global Business Services, John Kaltenmark, Accenture Technology Consulting, Jacqueline Olynyk, PricewaterhouseCoopers, Your email address will not be published. See why top companies rely on Preferred Corporate Housing's experience to manage their temporary housing inventory. Corporate housing on Airbnb offers self check-in. Preferred Corporate Housing has had the privilege of working with some of the top companies in the US and around the world. We have been members of the AIHP (Association of Interim Housing Providers), CHPA (Corporate Housing Providers Association), ERC (Employee Relocation Council), National Business Travel Association (NBTA) and various city chambers of commerce organizations. For the longest time, corporate housing has been an offline market where business travelers and booking agents communicated with property managers directly, turning to the Internet for the sole purpose of finding contact numbers. Our first notice-of-loss team is available to assist with insurance housing 24/7/365, weekends, nights, and holidays. This cuts down on costs, eliminates the uncertainty of the real estate market, and makes it easy to reverse if the new job doesn’t work out. Preferred Placement Program - The Preferred Placement Program is a program created after the 2006 Hurricane Season and allows for companies to register with Preferred Corporate Housing and receive "first shot" at available housing after a disaster. I had full use of the property's amenities, and it was much more affordable than hotels and vacation rentals. This led to all kinds of issues for both business travelers and property managers. Largest Housing Inventory - Some companies claim that they are "nationwide" and have only been in business for a couple months. Alternatively, if the employers do not pay any rent (e.g. We love to share what we know in order to help you become more knowledgeable and successful renting properties. For example, a typical vacation rental has a high PPD because it requires a great deal of maintenance. POWER TIP: Having one consolidated bill is a huge benefit to companies, and corporate housing has that edge over hotels. According to Corporate Housing Providers Association (CHPA), the industry's tradeorganization, corporate housing revenue was $10 billion in 2019 and $2.47 in 2010. If it isn't, check out other companies. Why is Preferred Corporate Housing the perfect solution for the management of your temporary housing inventory? The apartment was furnished, and close to work. Corporate housing refers to any type of housing that offers fully furnished units for longer-term stays. For the seventh successive year, relocation was the largest reason for using corporate housing in the US, with project/training as the second largest reason. This entry was posted in News Releases . The Cartus Global Network is Cartus' industry-leading worldwide service provider network. GREENWOOD VILLAGE, CO – October 27, 2020 – National Corporate Housing, a global leader in corporate furnished housing, was honored for outstanding performance at Cartus Corporation's 2020 Global Network Conference, held virtually from October 7-16, 2020. How do you pay for your Monthly Furnished Rentals, Leasing Trends to Follow in Corporate Housing. The benefits of corporate housing manifest themselves when longer term temporary housing is an issue. × Visit corporate housing listing services online. If you would like more information or to view a demo, contact our National Accounts Department. Preferred Corporate Housing has spent the last ten years and thousands of hours building our housing inventory and has generated over 175,000 housing quotes for our clients in the last 3 years alone. For the housing to qualify, there must be a direct nexus between the lodging furnished and the business interests of the employer.
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