What to do with that short term rental that’s not making you any money right now?
Convert it to a corporate rental.
What’s a corporate rental?
Corporate rentals are simply fully furnished units, whether houses, condos, or 1/2 of a double, often with cleaning service included, leased for a minimum of 30 days at a time (I’m looking at you, French Quarter owners).
Travel nurses, short term contract employees, and folks that are scoping out the city for a move are the most common people searching for a corporate rental. Think of it like that condos you rent on the Gulf Coast for summer vacation, just for a longer period of time.
Since we don’t know when people will feel safe traveling again, it’s an excellent way to continue to earn income on a property that’s likely just sitting there, racking up holding costs each month it remains unrented.
How to find a New Orleans corporate rental tenant
We can handle that for you! Give us a call at 504-327-5303 and we can have your listing up and running in just a couple of days.
We’ll handle the marketing, the credit checks, and preparing your lease. Simply tell us how we can help.