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A word of appreciation to an estate owner ...


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I'm an estate manager for an ever dwindling estate. Last week, two renters on 3/4 of one full sim left abruptly. We decided to rent the entire sim to one person rather than carving into odd shaped parcels and looking around for new tenants on such short notice. That meant the people renting the remaining 1/4 sim had to move. The one area available to them on another sim would not work, the guys like to terraform and like to rez what they like, and the tropical theme and terraforming there has to be maintained or long term residents of THAT sim would be unhappy. I felt awful, REALLY awful for essentially kicking two nice guys, long term, reliable renters, out. I knew it would be hard for them to find a 1/4 sim at the price they were being charged. the cheapest for nice land on a well run private estate I'd seen was 250L  more than they had been charged by us.

However, I thought, nothing ventured, nothing gained. I IMd Damienthor, the owner of Stargazer Estates. He was happy to match the price our tenants had been paying, and showed me a lovely 1/4 sim. He also arranged the rental for daily payments so I could hold the land for the guys for a few days until they were back inworld. He and his partner Maddy and their staff are awesome and honestly, I can't say enough about them. Given the circumstances and RL economics involved, there was just no other way to do things, but it did not leave me feeling very good about it, and I'm grateful to Damien and Maddy for their help and kindness.

 

ps. As to why the estate for which I work is shrinking, renters up and leave without word and without giving enough notice for us to find new tenants. As we tend to rent large parcels at very reasonable rates, the profit margin is more of a break even situation, which is fine with the estate owner, but it means that rents won't cover his tier to LL, so when a region is empty, he will sell before the next tier is due. People will do what they will, of course. However, this irks me because he is the nicest guy, bends over backward for tenants, and isn't out to make a killing. It would just be nice if tenants were as considerate and neighborly as the landlord!

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bleh, now you're blaming LL for selling mainland. Few months ago people like you were blaming LL for "killing the mainland" by selling estates.

Make up your mind already or just admit that you're a pathological whiner who just wants to have something to complain about.

Land sales/rentals go up and down. You may not have noticed, but currently the economy is tanking in a lot of countries and has been for quite a while. That's causing a loss of income among SL residents, which means they've less money to spend on luxuries like owning land.

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I've seen a LOT of great help from people all over SL, including the Lindens. I've recently taken over estate management of the place I live (together with some of the other people living there) when the owner (a very dead friend) died suddenly (RL). We were helped quickly and without problems by Lorena Chung, who transferred estate powers and ownership of the land without a fuzz. Thank you once again for that if you read this.

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Yep.

The main risk to Estate Owners is that we are (for the most part) paying for sims on a monthly basis, and renting out parcels on a weekly basis.

If you run with too low of a profit margins, or low cash reserves, even one or two vacancies can sink your boat.

The only solution to that is to charge enough for a fair profit, and to keep your sims full.

If you are renting land, think twice before taking the cheapest deal.  Look around and make sure the sims are full, and ask around to make sure your land lord has a good reputation.

Good luck!

 

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