Corporate housing in St. Louis is becoming a new method of income and investment, and it reaps many benefits. Everyone from government officials to renters are raving about these temporary homes-away-from-home. Investing in these housing developments is profitable, and provides a no-contract opportunity for visiting professionals.
Corporate Housing in St. Louis is Profitable to Landlords
Corporate housing in St. Louis is a great investment for building owners who would like to become landlords. Individuals who rent the properties tend to work in professional positions, and will likely care for the dwelling with more care. Stays are usually short, from one week to a few months, allowing for you to go in and clean and maintain each apartment, rather than waiting for a whole year or more. Tenants will usually pay a sound price for well-kept housing because it offers more amenities and comforts than staying in a hotel.
Of course, there is a drawback. The downside is that contracts are rotating, and you must have enough interest by professionals to keep your housing occupied year-round to earn a steady income. However, if you maintain high-quality rental properties, you will have little problem advertising to top professionals.
Corporate housing in St. Louis is a Benefit to Professionals
Corporate housing in St. Louis is attractive to professionals who do not intend on living permanently in the city. Individuals who are researching the area or who may have potential interest in moving to St. Louis enjoy the fact they can rent corporate housing for a short period of time and have high-quality housing stock to choose from. Most come furnished, so traveling professionals do not have to worry about traveling with unnecessary items or furniture. Hotel rooms seem very impersonal, and this option offers a solution.
Corporate housing in St. Louis is Great for the City’s Government
Corporate housing in St. Louis is attractive to the local government as well because it adds to the tax base. Although professionals are not purchasing permanent housing and therefore not paying property taxes, the landlords are still paying the tax on the land and building. When professionals do not have to commute to work, they are more likely to purchase household items and meals within St. Louis. Finally, individuals who are temporarily staying in corporate housing in St. Louis can “test-drive” the area, and many decide it is a wonderful city to live. The more taxes that are paid because of the benefits reaped by this housing, the more St. Louis must contribute to its growth. The more attractive it is, the more professionals will be interested in relocating to the area.
Corporate housing in St. Louis is a sound investment to all those involved, both directly and indirectly. There are many that offer many amenities, contributing to market value, and that offer potential solutions to many problems for the traveling professional.