Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
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.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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š Growing Demand for Houston Short-Term Rentals šļø
š¤ Houston Corporate Housing: Opportunities Await š”
Move over Sonder, thereās 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. Letās explore whatās cooking in Houstonās corporate housing sceneāand why itās a hot spot for investors and operators alike.
Houston isnāt 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. š Itās quickly becoming the nationās third-largest city, and where thereās growth, thereās opportunity.
Add to that a low barrier for short-term rental entryāthanks to Houstonās friendly regulationsāand youāve got the perfect storm for corporate housing providers to thrive.
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 apartmentsāminus the tights.
āIf youāve got 400 doors and 5% vacancy, thatās 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. š
Specializing in professionally furnished single-family residences, this company is all about making corporate housing easy and accessible. Whether itās insurance-funded stays or business travel, theyāve mastered the art of turnkey management.
Sean Gallagher, their business development guru, sums it up:
āItās turnkey. We handle management, tenants, and operationsāall while boosting your nightly rental rates.ā
Bonus? Zero evictions across hundreds of properties. Thatās the corporate housing equivalent of a perfect game. šÆ
Diverse Demand: From displaced hurricane victims to visiting professionals at MD Anderson, the market is as varied as a Houston food truck menu. š®
Vacancy Solutions: Operators like Lodgeur are turning empty units into moneymakers, filling gaps for property owners and offering flexible housing options for tenants.
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.
Houston isnāt 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 workāand profit.
For example, Lodgeur doesnāt just list on Airbnb. About 70% of bookings come directly from their website, showing the power of a targeted approach.
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 everyoneāfrom 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 Houstonās booming real estate landscape. Whether youāre an investor, property owner, or just someone curious about where the market is heading, nowās the time to pay attention.
What do you think about Houstonās corporate housing boom? Is it here to stay, or just a flash in the pan? Letās discuss in the comments below!
Iām an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.
#HoustonRealEstate #CorporateHousing #HoustonBoom #FurnishedRentals #BusinessTravelHouston #RealEstateTrends
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Ā© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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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/
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