Landlords: What Is Your Pricing Philosophy, And Why?

Many people realize, investing in real estate, if done, in a prepared, knowledgable, realistic way, is an important component, in their overall investment portfolio. However, it also requires, instead of being greedy, a smart landlord/ investor, must fully examine, and delve deeply/ discover, a pricing philosophy/ policy, which maximizes the potential return, in a reasonable, rationale, pragmatic manner. There are many considerations, to consider, but, rather, than proceed, either focused on greed, or a degree of laziness, doesn’t it make sense, to proceed, with a logical policy, which will best serve, your best interests? With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, some of the central considerations, etc.

1. How many similar properties do you own, in the area? When asked why, so many landlords, refuse to reduce their rents, in order to attract tenants (especially, when it comes to storefronts, and office space), the response is often, because they don’t want to limit the continuous expansion, in pricing, of rents, into the future! However, from a mathematical, logical perspective, let’s evaluate, what the impact, of every month’s vacancy, means, and how long it might take, to recoup, these losses. For example, let’s assume the asking rental price is $4,000 per month, for a specific storefront. A prospective tenant has offered $3,750, and the landlord refuses to nudge. The difference, of $250 per month, would take 16 months, at the higher rent, to come out equal. If it takes three months to rent, at the higher year, it will require 3 years, to break – even! Does that make sense? Even if it did, it would only make sense, for someone who owns many units, in the specific area!

2. Renting in a two – to – six unit building: If you are investing in a two – to – six unit, residential building, what should be your priority? Should you, merely, focus, on getting the highest rents, in the area, or would you be better served, by finding highest quality tenants, who, if they are satisfied, may stay, for a longer period. Every time, you need to find a new tenant, there is another expense, which you do not encounter, when you maintain your existing tenants. I always strive, to impose realistic rents, from well – qualified tenants, and have been fortunate, enough, to maintain tenants, far longer, than nearly all other similar places, in the area.

What is your pricing philosophy, and policy? Can you afford an extended period, of vacancy? How much have you put aside, for reserves? Can your cash flow, afford it? Does it make sense, in relation, to how long, it takes to make up, the loss?

Why You Should Consider Living In A Tent

Recently I found myself wondering and talking about some of the quirky and brilliant ways people from around the world use tents. Consequently I pondered about the possibility that some people have contemplated or even opted for living in a tent permanently. Inspired by this idea, I dug a bit further into this topic of permanent tented accommodation.

What would living in a tent full time entail? Some individuals might be unnerved by this idea, while others might be thrilled and excited to take on the challenge and some may have no alternative. Whatever the reason or justification – there are 5 indisputable and great benefits of moving from your modern home to kicking it in a tent.

1. The cost effectiveness is clear

Finding the right location to pitch your tent will definitely decrease your monthly cost of rent, electricity and the like. The idea of saving on your expenses in this matter might seem slightly extreme, but compare it to running a modern household and you may just change your mind. Naturally, you might be concerned about cold winters, no internet and not having warm showers, but there are ways to avoid that. You could invest in a proper tent and enough winter provisions, sign-up at a gym that has shower amenities and use the free internet offered by libraries, coffee-shops and even shopping malls.

2. It will be an invigorating challenge and a noteworthy experience

Having a luxury, purpose-designed, tent will definitely make the experience more comfortable and less effortful, but it will still be a demanding challenge to live in a tent full time. There is, however, a multitude of people who find pleasure, excitement and gratification from such difficult tasks and many people thrive in it! Facing and conquering a challenge like this will without a doubt be tremendously rewarding and enriching. It will not only emancipate you and boost your self-respect and dignity, but it will also offer you a sense of accomplishment being able to live and take care of yourself like our ancestors, before modernism.

3. It will significantly reduce your Eco Footprint

We are all becoming increasingly aware of the importance of reducing and the impact of our Eco Footprint. This starts with being more conscious of leaving less of a negative ecological footprint on Earth and ensuring it is as small as possible. Comparing the running a modern household to living in a tent – it is clear that a tent leaves an immensely small Eco Footprint. If you are already concerned about Earth’s future and reducing the impact you have on Mother Nature – you are most likely thoroughly ready and able to live in a tent permanently.

4. It will allow you to experience forest bathing

Although the thought of submerging yourself in the open waters hidden within forests is enchanting – forest bathing actually refers to spending time amongst trees and is an established way of increasing you happiness and health. Japanese studies have uncovered that the phytoncides released by plants aid in regulating your body, improve the immune system and increases air intake – which leads to happiness and increased health.

5. It offers you a less complicated way of life

Modern life is often characterised by a constant rush and a milieu of complication. Life in a tent forces you to pay attention to the things that are truly important. Tent-living is a way of life that is simpler and more focused on what really matters, as well as a shift in true perspective. Due to few people having experienced a genuine simple life – living in a tent will very much be life changing and meaningful moment.

While researching this article I happened upon an astonishing variety of, what is coined as, glamping tents. Some companies put a double bed and a carpet inside and call it glamping and then others deliver tent structures with flooring, proper windows and doors, bathroom amenities and beautifully decorated interiors.