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Question from landlord in Rathmines

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    #62
    hdowney
    Registered Users Posts: 12,921 ✭✭✭✭hdowney


    Deleted User wrote:
    Um, are you the OP?


    Yea. He said up a few posts he originally posted under a pseudonym so as to avoid judgement from folk.


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    #63
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Barely Hedged wrote: »
    The spaces in the studios aren't small. I was just wondering what the opinion of the people here would be to optimising the space with a sofa bed.

    In the example you have described I would get 1.2k max for the one bed. As two studios they have the potential to take in 1.5k to 1.6k a month. That could be up to 4.8k a year. I take your point, but the numbers speak for themselves

    Before tax


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    #64
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    hdowney wrote: »
    Yea. He said up a few posts he originally posted under a pseudonym so as to avoid judgement from folk.

    Just FYI, this is in breach of boards rules and is not an option for posters in this forum


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    #65
    Lemming
    Registered Users Posts: 14,148 ✭✭✭✭Lemming


    Barely Hedged wrote: »
    http://www.ikea.com/ie/en/catalog/products/70258727/#/40258724

    http://www.ikea.com/ie/en/catalog/products/60258761/#/00258759

    Bit more http://www.ikea.com/ie/en/catalog/products/70258751/#/90258750

    That doesn't answer the question. Quite the opposite in fact. Very clumsy side-step attempt.

    Again I will ask; and it really is a simple "yes" or "no" answer. Anything else is an attempt at window-dressing mutton up as gourmet steak. So here it is: would you want to sleep on a €150 mattress for months on end OP?


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    #66
    Greaney
    Registered Users Posts: 1,247 ✭✭✭Greaney


    Lemming wrote: »
    That doesn't answer the question. Quite the opposite in fact. Very clumsy side-step attempt.

    Again I will ask; and it really is a simple "yes" or "no" answer. Anything else is an attempt at window-dressing mutton up as gourmet steak. So here it is: would you want to sleep on a €150 mattress for months on end OP?

    If I bought it myself I would. I think 'renting' furniture is foolish.
    Perhaps the landlord might think of a Daybed option.


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    #67
    Lux23
    Registered Users Posts: 7,134 ✭✭✭Lux23


    Barely Hedged wrote: »
    I have asked for legitimate feedback. I have searched Daft and i know my yield and prices attainable. Can you show me examples of the studios you mention above? Do they include gas, water and bins?

    There are plenty here at between 600 and 700. http://www.daft.ie/dublin-city/houses-to-rent/ranelagh,rathmines/?s%5Bpt_id%5D=3&s%5Bignored_agents%5D%5B0%5D=5732&s%5Bignored_agents%5D%5B1%5D=428&s%5Bignored_agents%5D%5B2%5D=1551&searchSource=rental&offset=10

    If space isn't an issue, why not put in a nice double bed? Most people would prefer that over a bit more space.


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    #68
    BandMember
    Registered Users Posts: 1,759 ✭✭✭BandMember


    I've read this thread from the start and I have to ask, am I right in saying that someone wants to charge €800 a month to let someone sleep on a sofa bed - and even then they are skimping on the cost of the mattress??? :eek::eek::eek: FFS!!! :mad:

    We are really living in 2015, right? :confused::confused::confused:


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    #69
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    Lux23 wrote: »
    There are plenty here at between 600 and 700. http://www.daft.ie/dublin-city/houses-to-rent/ranelagh,rathmines/?s%5Bpt_id%5D=3&s%5Bignored_agents%5D%5B0%5D=5732&s%5Bignored_agents%5D%5B1%5D=428&s%5Bignored_agents%5D%5B2%5D=1551&searchSource=rental&offset=10

    If space isn't an issue, why not put in a nice double bed? Most people would prefer that over a bit more space.

    There are two at 600 and 4 at 700. I dont know if that meets the definition of plenty.

    Those ones are also very questionable looking and say nothing about bills included. My studios are also double the size.

    Point taken on the double bed. This thread was started to gain an understanding into peoples preferences


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    #70
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    Lemming wrote: »
    That doesn't answer the question. Quite the opposite in fact. Very clumsy side-step attempt.

    Again I will ask; and it really is a simple "yes" or "no" answer. Anything else is an attempt at window-dressing mutton up as gourmet steak. So here it is: would you want to sleep on a €150 mattress for months on end OP?

    Its not a simple yes or no question. Its a loaded question to simply appeal to confirmation bias about landlords.

    I have posted IKEA items. Indisputably, due to IKEAs business model, the items they produce are far superior than what would be comparably available elsewhere. So much so, than you can nearly add on 30% - 50% to get the same quality item elsewhere.

    I dont know how much you want spent on a mattress in a rental property? How much would you spend? Anything above the €300 mark and youre getting into specialist ones that are costed because they are specifically designed - not because theyre more comfortable.

    My mattress is IKEA and cost around the €400 mark for a king double. Much better quality than what was available > €600/€700 elsewhere


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    #71
    Sunflower 27
    Closed Accounts Posts: 1,955 ✭✭✭Sunflower 27


    Good god, what a bunch of drama queens. No one is being forced to fork out 800euro. If people don't want to pay that, they won't.

    As for being "sad" anyone has to live like that? I despair. There are some truly awful places in the world to live and I don't imagine this comes close. People that want to live on their own are always going to pay more. Sharing is an option many have discovered.

    I'm yet to meet a landlord that is not out to make maximum profit on a rental property. Let's not make out this is the crime of the century. Sheesh.


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    #72
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    Deleted User wrote: »
    It actually upsets me that someone might have to pay €800 a month to sleep on a crappy mattress or open a sofa bed every night in a tiny place not big enough to have somewhere to sit and somewhere to lie. It actually makes me really really sad :(

    And yes, I'm a landlord.

    How much do you spend on mattresses for your tenants?

    People paying a premium to live in Rathmines/Ranelagh. That shouldnt come as a shock to a landlord that people pay significantly more for location


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    #73
    triple nipple
    Registered Users Posts: 334 ✭✭triple nipple


    Rathmines2012 wrote:
    I would probably charge €800 a month and this includes gas, water, a parking permit and LPT


    Why would anyone spend that much when for 100 more you could have a full apartment?


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    #74
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    triple nipple wrote: »
    Why would anyone spend that much when for 100 more you could have a full apartment?

    Can you provide examples of where you would get a one bed apartment in Rathmines/Ranelagh with bills included for €900?


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    #75
    Sunflower 27
    Closed Accounts Posts: 1,955 ✭✭✭Sunflower 27


    triple nipple wrote: »
    Why would anyone spend that much when for 100 more you could have a full apartment?

    Some people have a 'budget' when it comes to rent.


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    #76
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Barely Hedged wrote: »

    I dont know how much you want spent on a mattress in a rental property? How much would you spend? Anything above the €300 mark and youre getting into specialist ones that are costed because they are specifically designed - not because theyre more comfortable.

    My mattress is IKEA and cost around the €400 mark for a king double. Much better quality than what was available > €600/€700 elsewhere

    FWIW mine cost 1500 ex VAT wholesale! I spend approximately 1/3 of my day on it. Having had back issues cheap mattresses are dangerous. Not suggesting a landlord should pay that but 400/500 when it's tax deductible should be right


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    #77
    owen85
    Registered Users Posts: 139 ✭✭owen85


    Unfortunately this is what renting has come to.
    I would'nt live in a studio but i am sure there are plenty of people who would...even at 800 per month.
    I know you say the studio is not small but, it must not be big enough if you are thinking of putting a sofa bed in.

    I def, wouldnt put a sofa bed in. can you imagine yourself having to sort that out day in day out.

    a single bed would be a good idea, but if youre a bit worried about space, perhaps raise it up so its at bunk bed height, put a study desk under it or some bean bags.
    i am guessing a professional who will rent a studio will have to be quite young, thus the whole bean bag/ study desk may be cool/ handy for them. a single bed for sexy time may put people off


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    #78
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    athtrasna wrote: »
    FWIW mine cost 1500 ex VAT wholesale! I spend approximately 1/3 of my day on it. Having had back issues cheap mattresses are dangerous. Not suggesting a landlord should pay that but 400/500 when it's tax deductible should be right

    You can get a bad back from a whole host of things and consequently spend a lot of money on mattresses. I take your point though about 1/3 of the day.

    They aren't tax deductible. 12.5% of their cost can be written off each year


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    #79
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    owen85 wrote: »
    Unfortunately this is what renting has come to.
    I would'nt live in a studio but i am sure there are plenty of people who would...even at 800 per month.
    I know you say the studio is not small but, it must not be big enough if you are thinking of putting a sofa bed in.

    I def, wouldnt put a sofa bed in. can you imagine yourself having to sort that out day in day out.

    a single bed would be a good idea, but if youre a bit worried about space, perhaps raise it up so its at bunk bed height, put a study desk under it or some bean bags.
    i am guessing a professional who will rent a studio will have to be quite young, thus the whole bean bag/ study desk may be cool/ handy for them. a single bed for sexy time may put people off

    I don't think you can say that renting has come to this .Tenants have never had so many rights.

    Thanks for your suggestions. Some interesting ones there


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    #80
    owen85
    Registered Users Posts: 139 ✭✭owen85


    I think I can say that. Renting prices are ridiculous full stop. .please don't try to justify the increase in rent and say its comparable/proportionate to the increase in tennants rights...some of which are easily broken. I know it's a business, hell I used to do it myself, but lets not kid ourselves, prices for those who want to rent are crazy

    Good luck with the renovation
    Barely Hedged wrote: »
    I don't think you can say that renting has come to this .Tenants have never had so many rights.

    Thanks for your suggestions. Some interesting ones there


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    #81
    Lemming
    Registered Users Posts: 14,148 ✭✭✭✭Lemming


    Barely Hedged wrote: »
    Its not a simple yes or no question. Its a loaded question to simply appeal to confirmation bias about landlords.

    No, it is a very simple question and no bias need be entertained. So simple, that you could have cut out all the guff and just posted the below bit where you did, in fact, answer the question whether you realised it or not. Indirectly of course.
    My mattress is IKEA and cost around the €400 mark for a king double. Much better quality than what was available > €600/€700 elsewhere

    So, in short, no.


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    #82
    Emme
    Registered Users Posts: 4,055 ✭✭✭Emme


    Barely Hedged wrote: »
    How much do you spend on mattresses for your tenants?

    People paying a premium to live in Rathmines/Ranelagh. That shouldnt come as a shock to a landlord that people pay significantly more for location

    It shouldn't come as a shock to a landlord that tenants expect the fittings and fixtures in an apartment to reflect the standard of the area and the rental cost of the premises.

    Fair enough you want to make money. Having said that, if you want to attract a certain type of tenant you have to invest in the property regardless of market conditions. If your studios are big then why not put in double beds? Or rent the studio unfurnished and the tenant can choose their own furniture.


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