Nika Corporate Housing: Your Place, Your Way
America's 10 Fastest-Growing Women-Owned Businesses in 2020
Providing Temporary Housing Solutions to Everyone,
Every time
Irrespective of the type of multifamily you own, from Class
B multifamily to luxury units, you’ve probably heard the term “corporate
housing.” To describe simply, it refers to fully serviced and fully furnished temporary
housing units available for short-lease terms. This trend of temporary housing
has taken the industry by storm with employees on out-of-town business
demanding it highly. Since a few years ago, its popularity has only risen with
new generation opting for temporary housing. Today, corporate housing is
believed to be a reliable alternative for many renters that include millennials
and Generation Z looking to hold off on buying a home, seasonal travelers,
empty nesters, expatriates, military and government personnel, and many more.
One of the leading names in corporate housing sector is Nika
Corporate Housing. Led by President, Dominique Cagle, Nika provides
short to long term housing solutions to meet all sorts of temporary housing
needs. From Executive Housing in Sarasota, to Relocation Housing in Orlando, to
Corporate Housing in Tampa, Nika has covered all aspects in its offerings. The
company provides upscale temporary living solutions for associates from interns
to VIP executives nationwide/worldwide. Nika offers stays as short as one night,
one month, to as long as the guests need. Nika is an IATAN registered travel
agency if a guest wants to book a short-term hotel product, and longer-term
corporate housing product. Furthermore, it also provides meetings and events options
if guests need to plan housing in conjunction with a meeting or event for
business or personal.
A family legacy of running businesses
Founding the company in 2003 didn’t come as a surprise for
Dominique as her passion of being businesswoman runs in her family’s blood. Her
father and grandfather both ran their businesses, therefore, it was obvious for
her family when she started Nika. The foundational inspiration for Nika
happened out of a circumstance that “while flying as the On-Board Leader as a
flight attendant on September 11th, being furloughed as a result
from my airline.” Dominique recalls that it was scary to fly that day, and
scary to be newly unemployed during so much uncertainty. She was renting
apartments at the time, as a temporary gig to buy some tie to figure out her new
master plan. Furthermore, there were many military personal at Mac Dill Air
Force Base who needed short-term housing for their six months tours of duty. Dominique
decided that she could take care of their temporary housing needs in a more
effective manner while addressing the service levels that these military guests
deserved. It was important to her as a spouse of a USAF Military Veteran to
have Nika Corporate Housing treat “our guests as if they were a treasured guest
in my family and not just a number on piece of paper needing a housing solution
during their tour of duty serving our country.” Dominique has an in-house
policy at Nika to call its guests “guests” and not “clients.”
Always needed to remain relevant and overcome the
obstacles
Throughout the course of running Nika Corporate Housing for more
than 17 years, Dominique have had to overcome many obstacles just to stay in
business. Many times, she recalls, “the obstacles were out of my control, i.e.,
the government shutting down, or COVID-19 Pandemic travel restrictions etc.,
but I still needed to remain relevant and overcome the obstacles posed in front
of me. I did this by remaining flexible and pivoting my business model as
consumer and supply and demand presented itself to affect my business
specifically.” She gives an example of the Covid-19 pandemic onset, when Nika was
deemed an “essential business” as it houses people who need to shelter
somewhere safely during the pandemic. Dominique targeted her sales strategies
and online marketing to traveling doctors and nurses that needed temporary
housing. Another way Nika pivoted was to highlight “our cleaning protocols in
between guests on high touch items like the TV remote to show that we sanitize
the remote, and place it in a plastic baggie for extra confidence when guests
move in to see the sanitization evidence very clearly. This way, the guests
start to feel right at home instantly.”
Encouraging and allowing creativity to flourish
Dominique shares that all her employees are empowered to
make a certain level of decisions in each position without being micromanaged
overly. She believes this allows creativity to flourish and the ability to
negotiate certain elements into a contract that she personally may not have
thought of. “We have some amazing employees that take great care of our guests.
They are some of the most creative people I know. When I make a decision to hire someone on my
team, I ask myself, is this person I’m interviewing a true “people person?”
Would this person make my guests feel comfortable to ask questions about an
area or a restaurant idea to try out in a new area? Do they like talking with
and around people in a room? Are they the social butterfly that my guests want
to do business with and feel safe asking questions about their living space and
choice of part of town to live in? Did they provide the guests several options to
choose from?” she shares.
Building trust with guests and providing them with
positive experience
As far unique specialty of Nika is concerned, Dominique
nicely sums up with its logo, “Your Place, Your Way.” She strongly believes
that each individual and family for that matter has different needs and
dynamics while they are traveling for work or for personal reasons. She has
recently received the Certified Autism Travel Professional certification. As
the mother to three small children, Dominque knows how hectic traveling with
children can be. “A couple of my children have learning differences themselves
and many people may not understand or be able to offer advice or certain travel
accommodations that can make their trip more comfortable and less stressful experience.”
Another example of this is asking the guest some questions initially to find
out more information about their needs for traveling. “With finding a little
more about a guest’s situations like work or pleasure? Where is the address
that you want to be nearby? Do you have multiple guests or specific medical
needs that may prevent a unit with stairs? Or are you traveling with your furry
companion? If so, how many, and what breed etc.” She finds this approach much
more working in building trust with a guest, and providing them with positive
experience, with no regards to part of town, and size of unit, or length of
stay etc.
Passionate about business and taking care of the
guests
As the President of Nika, Dominique provides general
leadership and guidance with the big picture in mind to her team. She also
enjoys taking an active role in the Sales Process for Certain accounts. She
believes sales is always a fun skill that comes very naturally to her as she is
passionate about her company and taking care of the guests. According to
Dominique, her vision for the company has changed slightly since the foundation.
Presently, her vision is to grow and scale the business while creating a
greater awareness of her niche industry. People from all walks of life don’t
know that they need corporate housing until they find themselves with an
unexpected flood or hurricane, a medical procedure, a divorce, or a new
relocation to the area. Many times, they find little to no time to find
comfortable housing during some of the most stressful times of their lives. She
wants to help them do the hard work and help provide them solutions that they
might not thought of, so they can focus on the big decisions and not worry
about their temporary housing.
Necessity to stay updated and relevant with
ever-growing technology
Talking about greatest achievements, Dominque shares, “There
are really so many times, when I have felt like a proud business owner, or a
successful business leader. So, it’s hard to really pick one time specifically.
Most recently though, we were selected after a competitive vetting process and
interviews, to be a licensed Super Bowl Housing provider when the Super Bowl
comes to Tampa Bay. This has been a real honor to be a part of, and I also have
volunteered to be a Tampa Bay
Business Connect program member for the Super Bowl Committee.. I am
proud to be welcoming people to the Tampa Bay Area and I’m really happy to help
them feel comfortable here.” She further shares that hard times, always inevitably
inspire her and her employees to innovate. “In the business world, if you don’t
innovate and stay current, you lose the business, period. It is a sheer
necessity to stay current and relevant as technology is changing at a very
rapid pace these days.”
While advising fellow businesswomen, Dominque says, “Find a
support network of like-minded businesswomen. Several examples of this are
Women’s President’s Organization, Eliances, and WBENC. This is essential as it truly does feel
lonely at the top sometimes, and your employees is not where you need to be to
try new ideas or new business strategies. Sometimes, business owners from other
industries see things or issues you face in business from a different light and
really help you see multiple solutions to try or reshape your organization as
necessary to adapt and thrive.”
Dominique proudly shares that her guests continue to keep in touch with Nika and keep coming back to stay with them every year, and at the same time, giving the gift of a referral of their families and friends. Many of her clients consider her virtual family and friend. Additionally, Dominique and her team are aggressively growing and scaling their company. “We are looking to add new federal contracts in the new year that we currently have multiple bids in on. I have a steady growth strategy of new accounts and adding multiple federal contracts to service accounts and guests, all over the world,” Dominique concludes.