Those who want to enter the Corporate Suite Rentals field, where the organization of the management company rents houses and apartments on a short-term basis, can receive certification if they meet certain requirements. The candidate must have a high school diploma or equivalent; have at least two years of experience in the corporate housing or related industry, such as real estate, hotels, property management, or relocation. They must also read, sign and return the CHPA Code of Ethics. The association provides reference materials to help the candidate prepare for the exam and pass the exam.
Although the exam must be written in person, planning is done online, and the applicant can choose one of 300 test places. If a candidate works by renting a corporate apartment in Toronto, Canada, for example, and plans to write an exam while on vacation in San Diego or Miami, he simply applies for the most convenient testing center CASTLE.
The CHPA exams are administered by CASTLE Worldwide, Inc. to provide testing and computer testing centers. Results are provided immediately after the exam. CCHP certification is good for three years. The study guide and reference articles provide the candidate with sufficient information to combine with his or her experience, accompanying the ability to evaluate test results well, which is divided into three areas of expertise: operations (37%), financial management (26%), and marketing and sales (37%). CHPA members pay an exam in the amount of $ 500, and non-members pay $ 600. They select the geographical area of their choice and the date of the exam; Candidates can reschedule the CASTLE online testing system for five days and pay an additional fee of $ 50. Those who did not pass the exam, can again take it for $ 100.
Operations knowledge relates to business planning, strategy, forecasting, and ensuring the overall health of a business, dealing with suppliers, communities, and associations in an effective non-confrontational mode. Those operators who do not cope with reasonable ethics, for example, make claims that go beyond the scope of a contractual agreement or reserve the risk of losing trust. The management of guest services includes ensuring that the intention to be released is granted in accordance with the lease agreement.
Customers who use corporate housing have special needs and a high budget, so they need to be serviced and assessed as reasonably returning a business. Unlike real estate and normal property management, tenants need high-class facilities for a short time, while in business. Some units need only a few weeks, but most of them order apartments for an average of eighty days.
As with any business, the operator must have skills in financial management, marketing and sales. Budgets and financial statements such as income statements and balance sheets should be prepared. Creating a business requires the ability to advertise multimedia to prevent excess vacancies among the numbers listed. A successful advertising campaign includes the identification of effective media and the allocation of a budget for the purchase of advertising space on the Internet, visibility on the Internet or air time on air and television. Writing a competent advertising copy is a key skill necessary for profitability, since without a company message that reaches a wide scale, financial forecasts will not be realized.
