Are there any lessons about how to be a land owner?

[3a3b]

Hello, all

I am considering to buy land and rent it and do not know how to operate thus.  What are the duties and the rights of a landlord in second life. Are there any lessons to teach this in sl?

Tks

[AlettaMondragon]

Yes, there are a few things that you should know before even owning land for your own use, not to mention trying to rent it out for others. These articles should help with the basics of buying and managing a parcel:

 

Lindal Kidd has also written about what you want to know, in her blog: http://acrossthegridwithlindal.blogspot.com/2015/01/how-to-be-land-baroness.html

And she also holds a class inworld at Caledon Oxbridge University on Fridays at 12pm (noon) SLT, "Buying and Renting Land". I strongly recommend that as well, because she shows examples one by one, and even takes the students out to a few places to see in person what they were talking about, so it's much more interactive learning than reading articles.

[Prokofy Neva]

On 10/4/2020 at 4:08 AM, 3a3b said:

Hello, all

I am considering to buy land and rent it and do not know how to operate thus.  What are the duties and the rights of a landlord in second life. Are there any lessons to teach this in sl?

Tks

Always do the following before buying land:

1. Open up the Advanced Menu via preferences (advanced, enabled advanced and developer menus).

2. Scroll down on "render" and uncheck "volume" and "water".

3. Turn on world/view/property lines and world/view/property owners

4. This enables you to see if the seller has hidden any "donuts," i.e. land they own in the middle of land your are buying, which they may use to extort a sale. Or if it has any ad-farm cuts of 16 m or 32 m by it.

5. Ctr-Shift-1 gives you the menu of the statistics on that sim. Look at the FPS and TD (Time Dilation). They should be at 99 and 45. 

6. Scroll down further and see number of scripts on the sim. When it gets over 4000, it can be laggy. Check also "Script Time" to see how much is left. A high number of scripts can lower that time and make it laggy.

7. Look at the claim dates on all your neighbouring land. Did they just move in? Have they been there for years? That will tell you how much stability there is.

8. Check for abandoned land and land for sale. Don't assume because it's abandoned it will stay that way.

9. Put your draw distance as high as it can comfortably go and see if there is anything blocking your view, a giant dome on the next sim, for example.

10. Don't assume that you can just de-render or live with things that are giant and/or ugly. They may change the prims to force fresh de-rendering. They may get worse. 

11. Shop around, come back the next day, don't make impulse buys. There is plenty of land in SL, and you should not hurry.

12. Don't forget to exam abandoned land as a prospect to buy from the Lindens for $1/m.

13. If buying on the auction, make sure everything is working right -- that you have enough money in your account, that you have enough tier (you will be automatically tiered up) and that your computer is working because you may have to refresh a lot. Beware of people coming in to snipe at the last minute and set your bid higher accordingly if you wish to spend that mount on land.

Always do the following before renting land:

1. Check to see who owns the land, and if grouped, who is the owner of the group. If they are not in the people list and gone from SL, keep looking.

2. Check the profile of the rentals agent and land owner to see their age. If they were born yesterday, keep looking.

3. The advice above as to "donuts," statistics, etc. also applies to see how healthy the sim is.

4. Check the terms and see if you can refund before the week or month is up for a cancellation fee.

5. Check whether there is a buy-back if you are buying on an island, which really is like renting with a deposit.

6. Google the rental owner and agent to see if they are associated with any scams.

Edited October 5, 2020 by Prokofy Neva

[ArgontheDevil Ormega]

No lessons.  You learn in the back alley like the rest of us.

[Rabid Cheetah]

On 10/5/2020 at 12:29 PM, Prokofy Neva said:

Always do the following before buying land:

1. Open up the Advanced Menu via preferences (advanced, enabled advanced and developer menus).

2. Scroll down on "render" and uncheck "volume" and "water".

3. Turn on world/view/property lines and world/view/property owners

4. This enables you to see if the seller has hidden any "donuts," i.e. land they own in the middle of land your are buying, which they may use to extort a sale. Or if it has any ad-farm cuts of 16 m or 32 m by it.

5. Ctr-Shift-1 gives you the menu of the statistics on that sim. Look at the FPS and TD (Time Dilation). They should be at 99 and 45. 

6. Scroll down further and see number of scripts on the sim. When it gets over 4000, it can be laggy. Check also "Script Time" to see how much is left. A high number of scripts can lower that time and make it laggy.

7. Look at the claim dates on all your neighbouring land. Did they just move in? Have they been there for years? That will tell you how much stability there is.

8. Check for abandoned land and land for sale. Don't assume because it's abandoned it will stay that way.

9. Put your draw distance as high as it can comfortably go and see if there is anything blocking your view, a giant dome on the next sim, for example.

10. Don't assume that you can just de-render or live with things that are giant and/or ugly. They may change the prims to force fresh de-rendering. They may get worse. 

11. Shop around, come back the next day, don't make impulse buys. There is plenty of land in SL, and you should not hurry.

12. Don't forget to exam abandoned land as a prospect to buy from the Lindens for $1/m.

13. If buying on the auction, make sure everything is working right -- that you have enough money in your account, that you have enough tier (you will be automatically tiered up) and that your computer is working because you may have to refresh a lot. Beware of people coming in to snipe at the last minute and set your bid higher accordingly if you wish to spend that mount on land.

Always do the following before renting land:

1. Check to see who owns the land, and if grouped, who is the owner of the group. If they are not in the people list and gone from SL, keep looking.

2. Check the profile of the rentals agent and land owner to see their age. If they were born yesterday, keep looking.

3. The advice above as to "donuts," statistics, etc. also applies to see how healthy the sim is.

4. Check the terms and see if you can refund before the week or month is up for a cancellation fee.

5. Check whether there is a buy-back if you are buying on an island, which really is like renting with a deposit.

6. Google the rental owner and agent to see if they are associated with any scams.

This needs to be a pinned post.