Low Rates.

Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!

Trusted By Agents With

Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

The Client Experience

Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

Loan Programs Available

Blogs

The Top 5 Mortgage Mistakes to Avoid

Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....

Mortgage Do and

Do not list

Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list....

Tips On How To Improve Your Credit Score

Let's talk about some ways you can improve your credit score! Your credit score is actually a big deal, and it can affect...

šŸ¤ Houston Corporate Housing: Opportunities Await šŸ’”

šŸ“ˆ Growing Demand for Houston Short-Term Rentals šŸ›‹ļø

December 06, 2024ā€¢3 min read

šŸ“ˆ Growing Demand for Houston Short-Term Rentals šŸ›‹ļø

šŸ¤ Houston Corporate Housing: Opportunities Await šŸ’”

Move over Sonder, thereā€™s a new crowd in town! With Houston's population surging and its job market on fire, corporate housing providers are swooping in to grab a slice of the pie. From oil workers to travel nurses and insurance placements, the demand for furnished, short-term rentals is skyrocketing. Letā€™s explore whatā€™s cooking in Houstonā€™s corporate housing sceneā€”and why itā€™s a hot spot for investors and operators alike.


Why Houston? Itā€™s All About Growth! šŸš€

Houston isnā€™t just about barbecue and cowboy hats (though we love those too). With over 92,000 new residents last year and 626,200 jobs added since 2020, the city is booming like never before. šŸŒ† Itā€™s quickly becoming the nationā€™s third-largest city, and where thereā€™s growth, thereā€™s opportunity.

Add to that a low barrier for short-term rental entryā€”thanks to Houstonā€™s friendly regulationsā€”and youā€™ve got the perfect storm for corporate housing providers to thrive.


The Big Players Moving In šŸ”

Lodgeur Inc.: The Digital Nomadā€™s Best Friend šŸ’»

Founded by former Sonder exec SĆ©bastien Long, Lodgeur is transforming how corporate housing operates. By partnering with multifamily communities, they furnish and manage vacant units, turning what was once lost income into profit. Think of them as the Robin Hood of Houston apartmentsā€”minus the tights.

ā€œIf youā€™ve got 400 doors and 5% vacancy, thatā€™s still 20 units sitting there empty,ā€ Long says. Lodgeur steps in to make those units work harder than your uncle at the BBQ grill. šŸ—

Texas Corporate Homes: Comfort Meets Tech šŸ›‹ļø

Specializing in professionally furnished single-family residences, this company is all about making corporate housing easy and accessible. Whether itā€™s insurance-funded stays or business travel, theyā€™ve mastered the art of turnkey management.

Sean Gallagher, their business development guru, sums it up:

ā€œItā€™s turnkey. We handle management, tenants, and operationsā€”all while boosting your nightly rental rates.ā€

Bonus? Zero evictions across hundreds of properties. Thatā€™s the corporate housing equivalent of a perfect game. šŸŽÆ


Why Corporate Housing Makes Sense in Houston šŸŒŸ

  1. Diverse Demand: From displaced hurricane victims to visiting professionals at MD Anderson, the market is as varied as a Houston food truck menu. šŸŒ®

  2. Vacancy Solutions: Operators like Lodgeur are turning empty units into moneymakers, filling gaps for property owners and offering flexible housing options for tenants.

  3. Tech-Driven Efficiency: With online bookings and tailored management systems, companies are making it easier than ever for tenants to find and settle into homes.


Challenges? Sure, But Opportunity Wins Out šŸ’Ŗ

Houston isnā€™t without its quirks. Average daily rents are lower compared to other cities, making efficiency key for operators. But with strategies like revenue-sharing models and a focus on tenant experience, providers are finding ways to make it workā€”and profit.

For example, Lodgeur doesnā€™t just list on Airbnb. About 70% of bookings come directly from their website, showing the power of a targeted approach.


Whatā€™s Next for Houstonā€™s Corporate Housing Scene? šŸ”®

With companies like Lodgeur and Texas Corporate Homes expanding and innovating, Houston is shaping up to be a hub for corporate housing. Expect more partnerships with property owners, better use of vacant units, and a continued focus on making this niche market accessible to everyoneā€”from business travelers to families displaced by natural disasters.

As the city grows, so does the opportunity for corporate housing to become an integral part of Houstonā€™s booming real estate landscape. Whether youā€™re an investor, property owner, or just someone curious about where the market is heading, nowā€™s the time to pay attention.


What do you think about Houstonā€™s corporate housing boom? Is it here to stay, or just a flash in the pan? Letā€™s discuss in the comments below!

Iā€™m an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.

#HoustonRealEstate #CorporateHousing #HoustonBoom #FurnishedRentals #BusinessTravelHouston #RealEstateTrends

https://www.billrapponline.com/

https://medallionfunds.com/bill-rapp/

https://houstoncommercialmortgage.com/

https://findamortgagebroker.com/Profile/WilliamRappJr28883

https://doctorvideo.billrapponline.com/

https://veteransvideo.billrapponline.com/

https://mortgageviking.billrapponline.com/

https://fha203h.billrapponline.com/

https://renovationvideo.billrapponline.com/

https://www.smartbizloans.com/partner/vikingenterprisellc/bill

https://www.fastexpert.com/loan-officer/bill-rapp-95119/

https://billrapponline.com/financingfuturescre-houston-katy

https://www.smartbizloans.com/assist/partner/medallionfunds/bill

https://billrapp.commloan.com/

 

Ā© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory

Houston corporate housingfurnished rentalsshort-term rentalsbusiness travelerscorporate housing market
blog author image

Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: ā€¢ Fixed-rate mortgages: Offering stability with predictable monthly payments. ā€¢ Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. ā€¢ FHA loans: Making homeownership accessible with lower down payments. ā€¢ VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: ā€¢ Purchase loans: Financing the acquisition of new buildings or land. ā€¢ Construction loans: Facilitating the development of your project. ā€¢ Refinance loans: Restructuring your existing mortgage for better terms. ā€¢ SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: ā€¢ Expertise: Our brokers have a deep understanding of both residential and commercial lending. ā€¢ Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. ā€¢ Streamlined Process: We handle the paperwork, keeping you informed every step of the way. ā€¢ Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

Back to Blog

10 Tips for First-Time Homebuyers

Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....

How To Choose the Right Lender for You

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy

Refinancing youe loan and when to do it

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy

Copyright Ā©2021 | Mortgage Viking Team

Licensed to Do Business | NMLS # 228246


This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright Ā© 2021 | Medallion Funds


Corporate | NMLS ID NMLS # 1825831

Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014

Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/

Copyright Ā©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply

Corporate | NMLS ID NMLS # 1825831

Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/