Ground Floor Master Suites- New Designs

Here’s a new building trend we need to pay attention to. The ground floor master suite.

What’s important here is that baby boomers love it. Many of us in the boomer generation are thinking about retirement and how and where we’re going to live.

Here’s a new building trend we need to pay attention to.  The ground floor master suite.

What’s important here is that baby boomers love it.  Many of us in the boomer generation are thinking about retirement and how and where we’re going to live. 

One story houses, of course, are the first choice.

But don’t dismiss houses with second stories.  That’s because boomers can use that space for guests, grandchildren, etc.  And if worse comes to worse, just use it for storage.

I like the master suite on the first floor.  And I have to say the trend is actually not new.  The 81- year- old house I live in, a tutor, always had the master suite on the first floor. 

Read Ground floor master suites new designs

Home Staging Ain’t What It Used To Be

Recently a condo was home staged to make it appear a fictional bachelor named Rob Clark lives there and he’s just been entertaining… well, I don’t think it’s worth elaborating any further to make my point. You get it.

Home staging ain't what it used to be

Home staging.  We talked about that months ago.

The new version has arrived.  It’s wackier, more niched, dramatic and effective.

I’m referring to the example of the new condo converts in West Hollywood, CA.

Recently a condo was home staged to make it appear a fictional bachelor named Rob Clark lives there and he’s just been entertaining… well, I don’t think it’s worth elaborating any further to make my point.  You get it.

Here’s the confusing part, for me anyway.

It’s working- in that market.  They’re breaking all the rules of home staging which used to be to hide everything personal.  So realtors used to tell families to pack up the toys, pets, kids, personal collection of matchbooks from restaurants, model ships in bottles, etc.  It was kind of like a flight  attendant preparing you for a bumpy landing.   

Yet now, you’ve got fantasy?  Hmmm. 

Perhaps it works  in today’s home staging because that’s what people want.  

Read  odd ways to sell properties in a strange market

Finally: The Truth About Open Houses

 

Most likely an open  house will not sell your house

Open houses don’t really sell the real estate.

Yes, yes, yes.

I’ve been saying that for years about our rentals.  They certainly don’t help rent real estate properties.

But here’s an interesting twist, according to The Los Angeles Times.

Buyers are finding their properties online and The Internet has become the major new selling tool.  I know, that isn’t surprising. So where’s the news?

Well, some sellers and landlords haven’t figured that out yet.  

And the argument is made that realtors need to get the word out to other real estate agents that your house is up on the market.  Okay- but why not invite them all over at a certain time and get it over with instead of having an open house every Sunday afternoon for months? 

Read The Open House as a Home Selling Tool? No Sale

More From the Net

Weirdly Rational Real Estate – and then I visited open houses and gave it to the real estate agents, asking them to fill it out and mail it back to me. According to the agent who we eventually picked, this didn’t go over so well with many of their colleagues. …

Rats at FAO Schwartz?

One of our tenants even had the gall to call us once about a dead mouse in her stove. Just don’t ask. I don’t know the answer on how the thing got there either

If you haven't experienced a mouse problem in your rentals, you will. Here’s some news just in:

Several mice have been spotted in the famed New York landmark toy store, FAO Schwartz. 

 

Of course we all know this toy store as the ultimate childhood destination.  Our parents bought toys for us there when we took family vacations back when we were growing up and naturally later as adults,  we just had to make a stop or two there  to buy toys for all the children in our families.

 

But it’s kind of disturbing to know mice are running around amidst the playthings that you pay top dollar for, including very expensive dolls and stuffed animals. I bet a mouse or two has even sat in the driver’s seat of that ultimate toy Mercedes.

 

(I didn’t buy the expensive stuff.  I bought the less expensive toys and made certain they were in an official FAO Schwartz sacks. My nephews, bless them, didn’t know the difference).

 

However, as landlords, we’ve all experienced mouse  problems.  If you haven’t you will. 

Continue reading “Rats at FAO Schwartz?”

2008- A Very Good Year for Landlords

During the boom years of the last market cycle we had tenants leaving us right and left to buy houses. People we thought couldn’t swing a house payment, got mortgages. We even had one Section 8 couple who didn’t pay the rent on time- move out and buy their own slice of the American Dream. Now all that’s changed…

Meet the new celebrities-Landlords

This is the time of year when as landlords, we keep our fingers crossed.

How many tenants will be moving?

What will our schedule be like for the next two months?

Will it be as hectic as the last few years?

Pleasantly, it’s a schedule we are able to handle, while knocking on wood.  In May and June, we could get as many as nine calls that tenants will be moving out.  That means we’d  have to go in, clean up, fix up and re-rent.  That is a lot of work.

However, from all indications, this year will be different.

Continue reading “2008- A Very Good Year for Landlords”