Benefits of Temp Housing for the Traveling Professional

Entrepreneur, Business Consultant, and Real Estate Investor

Benefits of Temp Housing for the Traveling Professional

Brian Ferdinand Lays Out the Benefits of Temp Housing for the Traveling Professional

Professionals that travel extensively for work are having to re-imagine what travel will look like once COVID-19 is in our rear-view mirror. Some travelers are now requiring longer-term travel stays leading up to several months at a time. Brian Ferdinand, the managing partner of SoBeNY and its parent company, CorpHousing Group, says that residential rental units are positioned to fill the travel requirements of the new normal. Those requirements are built on safety, cleanliness, and security.

The age of coronavirus is top of mind for all of us. When thinking about the high traffic of people found in hotel lobbies and hallways, Ferdinand points out that these accommodations might not be the best choice. In contrast, residential rental units do not have public lobbies, restaurants, hallways, etc. And, not that hotels aren’t clean, but residential rental units are cleaned and disinfected with meticulous care as most cleaning procedures are provided by the property owner or a trusted management company.

For example, a business traveler who is in town overseeing the last phase of a construction project would most likely stay in town anywhere from one to three months. For a stay that long, the business traveler would most likely want to find a short-term rental that provided the same comfort found in the person’s home. Having the comforts of a full kitchen to buy groceries and cook meals is just one example. There are others. Space is a significant factor. Having a proper bedroom, master bathroom, living and dining room, and full entertainment centers within your short-term rental would feel less like traveling, and more like living. Many executives find this beneficial for having their families come out for a stay and explore the city while they are at work. These comfort options are not available in standard hotel rooms.

Ferdinand points out another scenario where the residential rental unit is gaining popularity. College towns. Students going off to college are caught up in a COVID-19 conundrum when it comes to housing. Many off-campus apartments require a long-term lease of at least one year. With so much uncertainty toward regulations and restrictions due to coronavirus, students are hesitant to sign long-term contracts for fear of having to return home unexpectedly due to further campus shutdowns or canceled classes. Short term residential rentals are a much better solution and offer the ability for groups of friends who are comfortable around each other and share the same safety protocols to rent a much larger layout as a way to reduce expenses. Having the flexibility of a safe and comfortable accommodation is winning over college students and their families.