"fishtown 43" a co-host revenue generating proposal

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 The economy and the Pandemic are among some of those factors we have that are directly contributing to a major reduction in on-time rent payments, also adding to that is the mandated eviction moratorium which has caused millions of dollars in lost rental revenues.   In September, states like Pennsylvania opened the channels to owners wishing to file evictions, which then flooded the system for the city of Philadelphia in only one week.  With the high increase in evictions, vacancies and rental revenue losses, owners are now faced with renting blindly to tenants without knowing for sure if that tenant will be able to make rent payment continuously, or at all.  The real question then becomes, “Do I rent my unit, or keep it vacant?”  Unfortunately, we cannot foresee the future of this crisis, but we do see the financial strain that has fallen upon landlords and owners across the nation. 

The founder of Co Host Expert Company has been creating, developing, and managing short-term rental ("STR") and mid-term rental ("MTR") units in major cities and locations since 2013. 

The Co Host system of STRs and MTRs was founded by an owner for owners, who have been exhausted by tenant related issues and profit losses. Co Host has worked with, set up, consulted and designed STR and MTR units in New York City, London, Madrid, Miami, Philadelphia, and Aruba just to name a few. Our main objective is to increase revenue while reducing profit loss and/or damage to an owner’s real estate portfolio. Co Host Expert has a system in place to end your rental revenue losses and reduce, if not almost eliminate, excessive property damage caused in the traditional rental market.

“STRs and MTRs are certified revenue generators that are eviction and vacancy proof for all qualified real estate rental units.” Robert Nunez CEO.

As early as 2013,our team at Co Host, led by CEO Robert Nunez, has spearheaded the development and conversion of STR and MTR units.  Together, they brought forth the "ShorTel," which is a residential short term rental boutique style conversion, created for owners by an owner.  Realizing the benefits of converting rental units into profitable STR/MTR properties, Co Host begin to focus on major metropolitan Cities with abundant rental inventories.  In otherwise ignored areas and communities, a win-win-win situation was created for property owners, local communities and businesses, as well as guests seeking a true local feel during their stay.

 "Our base model for owners is based off of guest reservations/bookings that will ensure rental revenue, reduce tenant related losses, decrease costs incurred due to property damage and diminish repetitive vacancy due to tenant turnovers.” Robert Nunez CEO.

 As quoted in an article in Forbes/Council in Jan 2020, "In fact, short-term rentals yield 30% more profits for homeowners/investors than long-term leases, with an estimated global market valuation of $169 billion in 2018 alone. The payout is big, especially when annual holidays come around." $169 Billion!  This is no longer a trend or phase as many stated years ago. The STR and MTR industry is here to stay and the numbers prove it. 

 Traditionally, younger travelers looking for a 3 day stay, or a family looking for a holiday getaway, were booking STRs.  In the past 4 years tradition has ceased to exist. Co Host’s guests and reservations data shows that the guest profile has changed and now includes corporate clients, business travelers, digital nomads, 30-150 night guests relocating to new cities and baby boomers enjoying their retirement travel days.  One major factor for all of these new age travelers and guests, is their lack of commitment to signing a lease.  Further data shows that guests are more likely to choose a nice apartment over a hotel room.  Since the early stages of the current pandemic, STR and MTR units have been outperforming hotels.  Currently our average stays are 7 days or more with a 38% increase MTR stays of 30 nights or more.  

Fishtown 43

"FT43" can be an amazing revenue generating ShorTel property with up to 43 short and mid-term guests only rental units all in one location.  Fishtown43 has all the potential and logistics required to dramatically increase revenue and seriously decrease loss and damages to your property due to tenant related matters.  Co Host Expert sees Fishtown43 as a pillar property in a great evolving location in the City of Philadelphia.  With a solid launch strategy, mutual win-win scenarios, and the experience to create and manage multiple STR/MTR units, Co Host is ready to make Fishtown43 a gleaming, profitable Co Host managed ShorTel property.

  Each of the FT43 units will be stylishly designed to serve the needs of arriving short and mid-term rental guests.  Co Host will focus on a mixture of existing guests in the STR/MTR industry to occupy and maintain a high reservation level year round.  Once Co Host Expert becomes the tenant or manager of each unit created as an STR/MTR property, we then provide access to our guest portfolio and platform of guests looking for quality units in your area.  As the owner, you will never deal directly with guests, you will only deal with a Co Host Expert, and simply collect your rental income.   Co Host is here to alleviate the guest stress factor from owners.  The hard part is what we do, what we specialize in, and more importantly, what we enjoy and are great at. 

Co Host not only converts every unit, we also fund, design and furnish them to get them up and running.  We also provide full guest management which includes guest reservations, advertisement creations across multiple media platforms, confirm bookings, handle communications, collect payments and serve as the liaison for guests on your behalf. The owner has no direct involvement with any guest related matters.  We only require that all owners service apartments when repairs are required.

In addition, our units are cleaned at every check-out, this helps maintain a cleanliness and care of the units and building unlike any other.  Many of our units today look the same or better than they did 3-5 years ago when we began managing them.

 Passive income still exists within the STR/MTR industry.  Not only does it still exist, but for many owners it is currently and continuously thriving.  Owners are seeing the lowest, or in some cases, the total elimination of standard rental revenue losses while realizing the highest return on their investments for their properties.  This is primarily due to working with Co Host to convert and manage their units as STR /MTR properties. Picture it this way - you just found the perfect corporate tenant scenario partnership, Co Host is that partner!  We welcome you to join our portfolio of successful owners.