Tim Touchette's guest appearances

Tim Touchette

Multifamily Insights

Tech Guys Who Invest Podcast

Short Term Rental Success Stories

Dave Van Horn

Whitney Sewell

John Casmon

Tyler Chesser

Rod Khleif

Adam Ulery

Kathy Fettke

Gino Barbaro

Joey Mure

Kevin Galang

Tyler Sheff

Juan Vargas

Damion Lupo

Greg Dickerson

Mark Kenney

OwlTail

I had the honor of speaking with Tim Touchette. Tim is the President and Owner of Stay Attache, a corporate housing company that has over 290 units in the DC area. When Tim and his wife first started in 2011, they placed $200-text only classified ads in the Washington Post. Back then, it was quite challenging to get businesses interested in a small company. Tim had gone through a couple of economic downturns; the 9/11, the 2008 recession, and now, the COVID-19 pandemic. In this episode, Tim talks about what corporate housing is, how they are able to meet the expectations of both the property owners and business clients, and how their business is affected during this time. 📝Show Notes https://ShortTermSage.com/str61 Get your tickets to Veterans Live 2020 https://www.ShortTermSage.com/veteranslive2020 CHECK OUT THESE RESOURCES: ⚙️ [FREE GIFT] Get our newest book, Airbnb Secrets Revealed. https://ShortTermSage.com/freebook 🌎Join the Host Nation community! https://shorttermsage.com/HostNation 🏠Have your property professionally managed. https://ShortTermSage.com/cohostit 💲 Become a host today. https://ShortTermSage.com/airbnb 🔎See our Airbnb equipment. https://ShortTermSage.com/kit 🌐Social Media: Website: http://bit.ly/32iOuoI Facebook: http://bit.ly/32gvUO5 YouTube: http://bit.ly/2S66xdl Instagram: http://bit.ly/2G5ahXr 🎤Listen to the show in podcast format + leave a review ❤️ iTunes: https://apple.co/2xEVcri Stitcher: http://bit.ly/30u12Iq Spotify: https://spoti.fi/2G5ab25 Google Play: http://bit.ly/32cUtLX

I had the honor of speaking with Tim Touchette. Tim is the President and Owner of Stay Attache, a corporate housing company that has over 290 units in the DC area. When Tim and his wife first started in 2011, they placed $200-text only classified ads in the Washington Post. Back then, it was quite challenging to get businesses interested in a small company. Tim had gone through a couple of economic downturns; the 9/11, the 2008 recession, and now, the COVID-19 pandemic. In this episode, Tim talks about what corporate housing is, how they are able to meet the expectations of both the property owners and business clients, and how their business is affected during this time. 📝Show Notes <a href="https://ShortTermSage.com/str61" rel="nofollow" target="_blank">https://ShortTermSage.com/str61</a> Get your tickets to Veterans Live 2020 <a href="https://www.ShortTermSage.com/veteranslive2020" rel="nofollow" target="_blank">https://www.ShortTermSage.com/veteranslive2020</a> CHECK OUT THESE RESOURCES: ⚙️ [FREE GIFT] Get our newest book, Airbnb Secrets Revealed. <a href="https://ShortTermSage.com/freebook" rel="nofollow" target="_blank">https://ShortTermSage.com/freebook</a> 🌎Join the Host Nation community! <a href="https://shorttermsage.com/HostNation" rel="nofollow" target="_blank">https://shorttermsage.com/HostNation</a> 🏠Have your property professionally managed. <a href="https://ShortTermSage.com/cohostit" rel="nofollow" target="_blank">https://ShortTermSage.com/cohostit</a> 💲 Become a host today. <a href="https://ShortTermSage.com/airbnb" rel="nofollow" target="_blank">https://ShortTermSage.com/airbnb</a> 🔎See our Airbnb equipment. <a href="https://ShortTermSage.com/kit" rel="nofollow" target="_blank">https://ShortTermSage.com/kit</a> 🌐Social Media: Website: <a href="http://bit.ly/32iOuoI" rel="nofollow" target="_blank">http://bit.ly/32iOuoI</a> Facebook: <a href="http://bit.ly/32gvUO5" rel="nofollow" target="_blank">http://bit.ly/32gvUO5</a> YouTube: <a href="http://bit.ly/2S66xdl" rel="nofollow" target="_blank">http://bit.ly/2S66xdl</a> Instagram: <a href="http://bit.ly/2G5ahXr" rel="nofollow" target="_blank">http://bit.ly/2G5ahXr</a> 🎤Listen to the show in podcast format + leave a review ❤️ iTunes: <a href="https://apple.co/2xEVcri" rel="nofollow" target="_blank">https://apple.co/2xEVcri</a> Stitcher: <a href="http://bit.ly/30u12Iq" rel="nofollow" target="_blank">http://bit.ly/30u12Iq</a> Spotify: <a href="https://spoti.fi/2G5ab25" rel="nofollow" target="_blank">https://spoti.fi/2G5ab25</a> Google Play: <a href="http://bit.ly/32cUtLX" rel="nofollow" target="_blank">http://bit.ly/32cUtLX</a>

How to Start a Corporate Housing Company w/ Tim Touchette

On this episode the Tech Guys Who Invest Tim Touchette of Stay Attache shares a unique business model that has been profitable for him and from which we can learn some lessons. Tim’s company, Stay Attache provides unique furnished homes on a short term basis. His primary clients are business people in Washington DC. Join us for a fascinating view into a niche investing segment.   To view the full show notes head over to tgwipodcast.com/tim-touchette

On this episode the Tech Guys Who Invest Tim Touchette of Stay Attache shares a unique business model that has been profitable for him and from which we can learn some lessons. Tim’s company, Stay Attache provides unique furnished homes on a short term basis. His primary clients are business people in Washington DC. Join us for a fascinating view into a niche investing segment.   To view the full show notes head over to <a href="http://tgwipodcast.com/tim-touchette" rel="nofollow" target="_blank">tgwipodcast.com/tim-touchette</a>

How to run a corporate housing business with Tim Touchette

Before the days of AirBnB, Tim Touchette recognized a demand for short term housing as an alternative to hotels in the Washington D.C. market. After buying a furnished rental, he experimented with finding his audience until he found his niche with corporate housing. Tim is the founder of Attache Property Management and Attache Corporate Housing, managing 280 furnished rentals in the Downtown DC area. He shares his best tips on investing in corporate housing, where this strategy works best and some of the key differences between AirBnB.   Key Market Insights  Purchased a furnished rental based on a realtor suggestion Found renters through classified ads in the newspaper, talking to friends, and Yahoo Groups Renters were not typical renters, usually owned real estate as well, and were expensing their rent Founded Attache Property Management and Attache Corporate Housing, currently managing 280 furnished rentals Best Areas in DC for Furnished Rentals: Downtown DC and 1-2 areas removed from downtown, Dupont Circle, Capital Hill, Georgetown, Logan Circle, Penn Quarter, Foggy Bottom 90-95% corporate renters, handful of empty nesters or people renovating their home Avg length of stay for Attache is typically 3-4 months 30 days minimum, usually associated with the federal government in some capacity, also see many visiting professors, lawyers HR departments of many organizations are familiar and will refer Attache Need to have amenities: washer/dryer in each unit and/or on demand laundry service, high-speed internet, cable/TV and clean linens Biggest difference from AirBnB is length of stay &amp; 24 hour customer service Consistency in guest experience is key for property management success On Government Regulation: believes short term rental stakeholders need to come together to manage and mitigate concerns Working on the conversion of a single family into an 8-unit property, all furnished units    Bull’s Eye Tips: Winning Your Market: Start small Tracking Market Changes: Read articles and listen to podcasts Daily Habit: Journal writing weekly &amp; working out   Resources:  Washington Post Article on AirBnB Regulations -   Target Market Insights, Ep. 6 with Jasper Ribbers  Best Business Books:  Antifragile by Nassim Taleb   Digital Resources Asana   Tweet This: "Focus on gratitude and invest in real estate for the long haul"    Places to Grab a Bite: &amp; Pizza Compass Rose Rebellion   Connect with Tim: Website: Stayattache.com LinkedIn: https://www.linkedin.com/in/timtouchette Email: tim@stayattache.com   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.

Before the days of AirBnB, Tim Touchette recognized a demand for short term housing as an alternative to hotels in the Washington D.C. market. After buying a furnished rental, he experimented with finding his audience until he found his niche with corporate housing. Tim is the founder of Attache Property Management and Attache Corporate Housing, managing 280 furnished rentals in the Downtown DC area. He shares his best tips on investing in corporate housing, where this strategy works best and some of the key differences between AirBnB. Key Market Insights <ul> <li>Purchased a furnished rental based on a realtor suggestion</li> <li>Found renters through classified ads in the newspaper, talking to friends, and Yahoo Groups</li> <li>Renters were not typical renters, usually owned real estate as well, and were expensing their rent</li> <li>Founded Attache Property Management and Attache Corporate Housing, currently managing 280 furnished rentals</li> <li>Best Areas in DC for Furnished Rentals: Downtown DC and 1-2 areas removed from downtown, Dupont Circle, Capital Hill, Georgetown, Logan Circle, Penn Quarter, Foggy Bottom</li> <li>90-95% corporate renters, handful of empty nesters or people renovating their home</li> <li>Avg length of stay for Attache is typically 3-4 months</li> <li>30 days minimum, usually associated with the federal government in some capacity, also see many visiting professors, lawyers</li> <li>HR departments of many organizations are familiar and will refer Attache</li> <li>Need to have amenities: washer/dryer in each unit and/or on demand laundry service, high-speed internet, cable/TV and clean linens</li> <li>Biggest difference from AirBnB is length of stay &amp; 24 hour customer service</li> <li>Consistency in guest experience is key for property management success</li> <li>On Government Regulation: believes short term rental stakeholders need to come together to manage and mitigate concerns</li> <li>Working on the conversion of a single family into an 8-unit property, all furnished units</li> </ul> Bull’s Eye Tips: Winning Your Market: Start small Tracking Market Changes: Read articles and listen to podcasts Daily Habit: Journal writing weekly &amp; working out Resources: <a href="https://www.washingtonpost.com/local/dc-politics/dc-lawmakers-get-an-earful-on-proposal-to-strictly-regulate-airbnb/2017/04/26/594ef9c2-2a92-11e7-a616-d7c8a68c1a66_story.html?utm_term=.2d3887e6e83f" rel="nofollow" target="_blank"> Washington Post Article on AirBnB Regulations</a> -  <a href="https://www.casmoncapital.com/single-post/2017/08/10/Episode-6-Quit-Your-Job-Rent-Your-Place-And-Travel-The-World-with-Jasper-Ribbers" rel="nofollow" target="_blank"> Target Market Insights, Ep. 6 with Jasper Ribbers</a> Best Business Books: <a href="https://www.amazon.com/Antifragile-Things-That-Disorder-Incerto/dp/0812979680" rel="nofollow" target="_blank"> Antifragile</a> by Nassim Taleb Digital Resources <a href="https://asana.com/" rel="nofollow" target="_blank">Asana</a> Tweet This: "Focus on gratitude and invest in real estate for the long haul"  Places to Grab a Bite: <a href="https://andpizza.com/" rel="nofollow" target="_blank">&amp; Pizza</a> <a href="https://www.compassrosedc.com/" rel="nofollow" target="_blank">Compass Rose</a> <a href="http://rebelliondc.com/" rel="nofollow" target="_blank">Rebellion</a> Connect with Tim: Website: <a href="http://Stayattache.com" rel="nofollow" target="_blank">Stayattache.com</a> LinkedIn: <a href="https://www.linkedin.com/in/timtouchette" rel="nofollow" target="_blank">https://www.linkedin.com/in/timtouchette</a> Email: tim@stayattache.com Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at <a href="http://TargetMarketInsights.com" rel="nofollow" target="_blank">TargetMarketInsights.com</a>.

Ep. 26: Corporate Housing and Furnished Rentals with Tim Touchette