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As you turn your attention to 2014, we're excited to share the 2013 "By Owner" Corporate Housing Annual Report. In the following pages, you'll find a summary and analysis ...
As you turn your attention to 2014, we're excited to share the 2013 "By Owner" Corporate Housing Annual Report. In the following pages, you'll find a summary and analysis of the results from our annual "By Owner" Corporate Housing Survey - now in its fifth year. In the pages to follow, you'll be able to draw upon the latest data, as well as comparisons and trends from recent years, to ensure 2014 is your most profitable year yet.
What Makes This Report Different
The "By Owner" Annual Report is different than other property management annual reports. It reflects findings from individual property owners of furnished monthly rentals, rather than from full-service, corporate housing companies. This report is designed to help individual owners, like you, learn from relevant trends in your marketplace and achieve greater success.
If you took the time to complete our 2013 "By Owner" Survey, I thank you for your insight and candor. Once again, we had hundreds of people respond to our survey questions. The survey was made available to any person who owned or managed a furnished monthly residential rental in 2013 - not just to property owners who market their properties through the CHBO website.
Outlook and Profitability
• Outlook for 2014. 36% of respondents predict that 2014 will be better and more profitable than 2013 - similar to responses in 2012. Only 6.3% of respondents believe that 2014 will be less profitable, down from the 10% who had this outlook in 2012.
• Profitability. 91% of respondents report that their properties were profitable or breakeven in 2013. Overall, this response has been nearly identical over the last three years.
• Investment Real Estate Trends. For the fourth year in a row, there are more "Yes, I plan on buying more real estate" responses (45%) than "No, I'm done with real estate" responses (15%). The biggest variation in this question has been the steady 11% decrease in the "No, I'm done with real estate" responses since 2010.