If you have only ever been a tenant and not a landlord, it can be a little nerve-wracking at first.

If you have only ever been a tenant and not a landlord, it can be a little nerve-wracking at first. Renting property is a responsibility, but once it’s put into perspective it’s easy enough. Corporate apartments are a great way to introduce you to the rental market, and we’re going to discuss renting your first corporate apartment here. The first thing to say is that not all properties are suitable to become corporate apartments. To qualify, the property must be of a high standard, near transpo...

If you have only ever been a tenant and not a landlord, it can be a little nerve-wracking at first. Renting property is a responsibility, but once it’s put into perspective it’s easy enough. Corporate apartments are a great way to introduce you to the rental market, and we’re going to discuss renting your first corporate apartment here. The first thing to say is that not all properties are suitable to become corporate apartments. To qualify, the property must be of a high standard, near transport links, or within walking distance of places of work. They would ideally also be near bars and restaurants too, but that’s often less of a concern. Apartments would ideally be in city locations and near everything. If you have a family home, these can become corporate rentals too. They will need most of these qualities, but can be in quiet areas too. Not all corporate clients will want to be in the middle of things. Most corporate apartments are let furnished. The premise is to offer an alternative to a hotel room at a much lower cost. That means the apartment should contain everything a renter would need. That includes furniture, crockery, bed linen, towels and so on. These should all be of a good quality, so it may be that you will need to invest in quality goods before offering your property for rent. The standard of décor should also be of a high standard. It doesn’t have to be interior designed, but new, clean and tidy is the minimum they would expect. It would make sense to decorate throughout before letting the apartment, so it looks its best. Short term rentals tend not to produce as much wear and tear on a place, but a regular regimen of decorating and cleaning will keep everything looking clean and tidy. A corporate renter won’t expect you to redecorate between each tenant, but regularly enough to keep everything looking nice. Once the apartment is ready, it’s over to you. To begin with, it’s best to use a corporate lettings agent to handle everything. They know the business, the likely clients the advertising methods that work and the kind of rent you’re likely to achieve. They will of course charge their fee, but the reward is that they take care of all the details for you. Once you have a little experience, there’s nothing wrong with managing the corporate apartment yourself if you want to.