Properties by Preston runs a fully managed corporate housing program inside your community, placing qualified professionals on 30, 60, and 90-plus day stays in units that would otherwise sit empty. We handle everything. You collect revenue.
Share a few details and our team will follow up personally.
"*" indicates required fields
By submitting you agree Properties by Preston may contact you about property partnership opportunities.
A professionally managed corporate housing program is not the right solution for every asset. For the right properties and portfolios, the revenue potential from otherwise idle inventory is substantial and immediate.
A new or recently delivered property rarely reaches full occupancy immediately upon opening. The months between opening and stabilization represent real carrying costs against real vacant inventory. A furnished housing channel converts that lease-up period into a meaningful revenue opportunity without disrupting conventional leasing momentum. Your asset does not have to sit quiet while it fills. We activate that vacant inventory and generate real income through every stage of the stabilization period.
A property running below target occupancy has available units costing ownership money every month they sit empty. A furnished mid-term housing channel creates a separate revenue stream from inventory that is currently generating nothing, and it does so without requiring ownership to commit a single dollar to begin.
A 500, 600, or 800 unit property at 95% occupancy can still represent 25 to 40 available apartments before accounting for turns, offline units, and normal leasing lag. At that scale, a professionally managed furnished housing channel creates genuine incremental income from inventory that already exists.
We earn only when the program performs. Furnishings are covered by the revenue the units generate, not by ownership. The program is self-funding from the onset, therefore we are selective about the partnerships we enter.
Every unit in the program is professionally furnished, including furniture, linens, and everything a guest-ready home requires. There is no cost to ownership to get started. You receive revenue from the unit without writing a check for what makes it productive.
As the unit generates revenue, it is split between Properties by Preston and the owner on an agreed basis. Monthly distributions flow to the owner on an ongoing basis with full transparency.
Every month you receive a clear owner statement showing bookings, revenue generated, and your share. Clear numbers, consistent communication, no surprises.
We structure each partnership around what makes sense for the ownership group. Our goal is a lasting relationship built on shared success, and we craft every term to reflect that commitment.
The majority of our new unit volume comes from owners who already work with us. When a program performs, partners expand. That is the kind of growth we are proud of.
Traditional multifamily leasing is designed for 12-month unfurnished residents. But a significant and growing segment of the rental market needs furnished housing for 30, 60, 90+ days. These are qualified guests with real, specific housing needs and a consistent payment source behind them.
Properties by Preston is purpose-built to serve that segment. We connect that demand directly to your community through a fully managed furnished housing channel that operates alongside your conventional leasing program.
Running this type of program well requires a full operating layer that most properties are simply not built to support. That is what we bring: the marketing, the platform presence, the guest service infrastructure, the turns, and the reporting. Every touchpoint is managed with the level of care and professionalism that reflects well on your community.
Properties by Preston manages every dimension of the corporate housing channel with precision and care. Ownership captures the revenue. We handle everything else.
Transform idle inventory into a professionally managed revenue channel. Every dollar generated from a previously vacant unit is incremental income, with zero disruption to your existing operation.
Every unit in the program is professionally furnished and guest-ready at zero capital outlay. Revenue begins flowing from the first booking without any capital outlay on your part.
We serve an entirely distinct guest segment. Conventional leasing remains fully concentrated on 12-month residents. Our corporate housing program operates on a parallel track, serving qualified professionals on extended stays, without competition or conflict.
From marketing and guest placement to concierge support, turn coordination, and monthly reporting, every element of the program is managed by our team with meticulous attention to detail. Your onsite staff is never asked to operate a full-service front desk.
Ownership receives detailed monthly statements covering bookings, revenue, and distributions, delivered with complete consistency. Full visibility, zero ambiguity.
We identify the right entry point together based on your market, unit mix, and ownership objectives. Programs typically begin with a focused block of units and expand organically as performance establishes confidence on both sides.
Every prospective partnership is evaluated with rigor before we commit. Every step requires alignment before the next one begins.
We evaluate your market, location, unit count, occupancy profile, property class, and whether furnished housing demand can produce meaningful revenue at your community.
We work closely with ownership and management to identify the right units, align on community standards, and establish clear, mutual expectations before any commitment is made.
We coordinate full furnishings delivery, setup, and staging for each unit. We list across all major furnished housing platforms and begin placing qualified guests.
We manage the guest experience from arrival through departure, handle all guest communication, coordinate turns, and send you a clear monthly owner statement every cycle.
Properties by Preston serves as the complete operating layer between your property and every corporate housing guest. All guest communication flows through our team. Maintenance needs are submitted to your property staff as standard tickets.
Every ownership situation is different. These are three unique experiences we have lived through with our partners. The numbers and details are illustrative of real programs. Your results will depend on your market, your units, and your goals.
We gave them something to show for that time.
A Texas multifamily owner took control of a 550-unit community that was 50% occupied at acquisition. The conventional leasing team was capable and motivated, but lease-up takes time. In the meantime, more than 270 apartments were generating nothing.
We partnered with ownership to furnish a block of 38 units and operate them as a professionally managed corporate housing program running entirely alongside the leasing operation. Qualified guests, traveling professionals, and extended-stay corporate residents moved in on 30-plus day stays. The leasing team never crossed paths with them.
As conventional leasing began absorbing units and occupancy climbed, we coordinated a staggered return of furnished units back to the leasing pool. Units came back in an organized sequence, timed to the leasing team's pace, so ownership never faced a sudden block of new vacancies landing on the books at once.
By the time the building reached stabilization, we had paid ownership more than $520,000 in revenue from apartments that would have otherwise sat dark and empty during the on-ramp. The program did not get in the way of leasing. It ran in the background and produced while the main operation did its job.
Numbers are illustrative of a real program. Results vary by market, unit count, and occupancy profile.
We stepped in, filled those units, and stayed until they did not need us anymore.
A mid-Atlantic multifamily community had been working through operational challenges for several years. At 70% occupancy there was real inventory available, but the on-site team was stretched and had no infrastructure to run a furnished housing program on top of everything else.
We took on 25 units and handled everything from furnishings and marketing to guest placement, concierge service, cleaning, and monthly reporting. For 18 months, those units produced consistent revenue while the property team focused entirely on their conventional operation.
As the management team improved occupancy and conventional demand began absorbing available units, we did not just hand everything back at once. We worked closely with ownership to return units in a slow, coordinated sequence, timed to their leasing pace, so that they never ended up with a sudden flood of new vacancies on the books. The last few units moved to another community in the portfolio where we continued working together.
Over the course of the partnership, we paid ownership more than $450,000 in revenue from units that had previously generated nothing. The building stabilized. The team moved on. That was the objective from the outset.
Numbers are illustrative of a real program. Results vary by market, unit count, and occupancy profile.
We turned those 35 units into a revenue line the leasing team never had to think about.
A large multifamily ownership group operated a 700-unit community in a strong Texas market. By most measures it was performing well. Occupancy held consistently near 95%, the leasing team was strong, and the physical asset was in good shape.
But 5% vacant in a 700-unit building is 35 apartments. Before accounting for normal turn time, offline units, and leasing lag, that number was often higher. The ownership group knew those units were available inventory. They just had no way to activate them without building an entirely separate operating infrastructure.
We partnered with them to furnish a block of units and run a corporate housing program in parallel. No disruption to the leasing team. No change to how the property operated day to day. Qualified corporate guests and extended-stay professionals moved through the units on 30-plus day terms. Monthly statements went to ownership. The leasing team focused on what they were there to do.
Over the partnership period, we paid ownership more than $332,000 from apartments that had previously produced nothing between lease cycles. The program started with a focused set of units and grew as performance demonstrated it could. The leasing team was barely aware the program existed. That is exactly how it is supposed to work.
Numbers are illustrative of a real program. Results vary by market, unit count, and occupancy profile.
We evaluate every prospective partnership with the same rigor we apply to our own operations. These are the characteristics that define a successful, enduring corporate housing program.
One of the first questions discerning owners raise is how a corporate housing program interacts with their lender relationship. It is a thoughtful question, and the answer is encouraging.
Fannie Mae and Freddie Mac distinguish between professionally managed 30-plus day furnished housing and traditional mid-term rental platforms. A program like ours, with minimum stays of one month or longer, professional operator identity, and limited concentration, sits in a recognized and approvable category.
A Corporate Lease Rider creates a lender-approved pathway for professionally managed furnished units within a multifamily community. By incorporating the program directly into the loan documents, it provides clear guidelines, transparency, and lender oversight, making corporate leasing a compliant and approved component of the property's financing.
Agency feedback has indicated approvals in the range of 10 to 20 percent of units at a property, rather than property-wide implementation. We approach every new program with this in mind. Starting with a focused set of units is not just how we operate, it is also how programs are structured to remain lender-compliant.
What lenders and agencies look at is the identity and track record of the operator running the program. Properties by Preston is an experienced, professionally managed corporate housing operator. We are not a side project or an owner attempting to self-manage a mid-term rental program. That distinction matters to your lender, and it matters to us.
A brief introductory conversation about your portfolio will clarify whether a corporate housing partnership is the right opportunity for your community, your market, and your ownership objectives.
See What Your Property Can EarnOur team follows up personally within one business day.
"*" indicates required fields
By submitting this form, you agree that Properties by Preston may contact you regarding property partnership opportunities. We do not sell or share your information.
If you have any questions or comments, please use the form below or give us a call.
