Whether you’re an executive on an extended business trip or a property owner seeking a profitable rental modality, furnished executive housing rentals are increasingly becoming the accommodation solution of choice for corporate clients. However, in order to make this a viable option for your property portfolio you need to carefully consider and analyze your market demand, your client’s expectations, as well as the unique value proposition you can offer that will set you apart from other properties renting on short-term and Airbnb terms.

What is Executive Housing?

Executive housing rentals, also known as corporate housing or furnished rentals, are fully rented properties that provide comfort and quality for those on long-term assignments away from home. They are a great alternative to hotels and can cost up to half the price of hotel rooms for a stay of 28 days or more.

What makes executive rentals different from normal rentals is that they are designed to give people everything they would expect in their own home, including high-quality furniture, enterprise-grade wifi, full kitchens and appliances, washers and dryers, bathroom amenities, weekly housekeeping services and all bills included within the rent. This allows employees to focus on their work without having to worry about the basics such as finding a place to live.

Oftentimes executive rentals are located in downtown locations that are close to restaurants, bars, and public transportation as well as major freeways and airports. Other times they are found in suburban areas that are more quiet or even on the coast or in the country for privacy and seclusion.