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can2016 · 4 years

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7 steps to start real estate investment in turkey

Real estate investing in Turkey is a business that allows you to use your money or other people's money to help you move forward. But you don't have to count on building your entire business without losing money. Even if you use the highest financial scenarios, you will still want to save cash for reserves. In this article, we will discuss together the best steps to start real estate investment in Turkey

As you know, a lot of information can sometimes work against you as a beginner. Therefore, I hope the action steps in this article give you a framework to get started quickly. And if you start, you can avoid fatigue and overcome other annoying beginners’ challenges and rely on a real estate company like Elite Homes to give you much of the experience required for real estate investment in Turkey.

But you know, there is only the beginning. Real-life is fluid, and your best plans will be tested and challenged in crafting reality. So, keep flexibility, keep learning, and let us at Elite Homes know if we can help.

Determine your financial stage

Real estate investment in Turkey is just a way to improve your financial situation. So, before we get into the real estate investing details, let's think about your overall financial picture.

Most of the new investors ultimately want to achieve financial independence. You can think of this as a mountain top where all of your living expenses are covered by income coming from real estate investments.

The basics of climbing this mountain are the same whether you are investing in real estate or something else. To get to the top of the mountain faster, you simply have to increase the savings rate. You can then invest these savings in your chosen assets, such as real estate in Turkey.

I will suggest a few specific real estate strategies that aid with your savings rate in the next section. But for now, you have to determine your place on the Financial Mountain. Are you at the bottom (as if you were a beginner)? Halfway up? Or near the top?

You want to know your current stage because depending on where you are, some real estate strategies will make more sense than others. I'll explain some of these strategies in the next step.

So, after thinking for a moment, decide which stage works best for you. Don't worry, it doesn't have to be perfect.

A real estate investment strategy

At this point, you can create a 30-page business plan that even those with an MBA will be proud of. But remember, your goal is just to start. So, let's start with something faster. We can create a large, plan later if needed.

For now, you only need to choose one real estate strategy that will help you move from your current financial stage to the next.

Starting with one specific real estate strategy does not mean that you will not have turns or even a complete change of direction later. No, you have to be flexible. But starting with just one will help you focus. This will give you the confidence to get started.

Choose your target market

With prices rising in many countries, choosing a new market is very important. It's a good thing because the market you choose can make a big difference to your bottom line. Such as the huge change brought about by the real estate investment market in Istanbul.

The best investment in the country comes with strong economies and high population density, such as Turkey. Real estate investment in Turkey has proven successful in the past five years.

Therefore, I will start evaluating the Turkish markets. If prices seem too high in some Turkish states, explore some other ideas first before looking for other locations.

Take a real estate tour with a reputable company. The suburbs of major urban areas often become affordable and reasonable for investments.

Look for smaller niches in the market as a whole. In high-priced markets like Istanbul's real estate market, outlets like small apartments, tax concessions, and notes investing can sometimes remain profitable.

This is provided by most real estate companies in Turkey, such as Elite Homes.

Real estate investment criteria

Your real estate investment criteria and others tell you what it means to have a good real estate investment. I actually recommend creating a written investment profile that you can share with potential partners, investors, and lead sources such as real estate agents in Turkey.

Your written investment profile should include descriptions of two main categories:

The goal of real estate investment in Istanbul

Target price (also known as numbers)

Your target property will become more evident when you choose a suitable place in the real estate market in Turkey as a whole or the real estate market in Istanbul in particular. means you focus on one segment smaller than the entire market.

When you choose a niche your primary goal description might look like this:

Single-family homes with 3 bedrooms and 2 bathrooms.

The full price range for the target market is between $ 120,000 to $ 199,000.

Ideal properties in quiet and safe streets suitable for schools and shopping, or within Istanbul's residential complexes.

Optimal features also include a garage or other storage and usable yard.

The second category on your investment profile is perfect terms (also known as numbers) for rental properties. This will show you how to quickly identify the real estate investment numbers that matter most to you. The ideal terminology that you choose will depend on the choices you've made up to this point, but could look something like this:

Target purchase price (including pre-repairs) must meet at least a 1% rule.

The net rental income after multi-unit financing must be at least $ 100 per month per unit,

Single-family homes must have a minimum income of $ 200 per month.

The cash return from real estate investment must be at least 5%

The deduction from the full value of the property must be at least 6%.

Your standards may change over time. But choose some basic investment property criteria that you can live with right now. Then move on to the next step. If you find later that you need to tweak your criteria, you can always come back.

Collect cash

How much money will you need? How do you collect it?

The amount of cash required depends on your strategy, prices in the target real estate market, and your property parameters.

How do you find this money? Here are some ideas:

I know this is clear. But sometimes, you just need to make real estate investing counts, work for extra income, reduce other expenses from your life, and be patient until you save money.

Sell - Can you sell your car and buy a less expensive one? Do you have expensive toys that you can sell until later in your life when you are in a better position financially? How about selling a big home with a lot of equity if you're willing to downsize? Selling is one of the safest and most logical ways to raise money.

Metaphor - this one that you need to be careful with. Personally, I feel comfortable borrowing safely against long-term assets like rental properties. But personal loans, credit cards, or lines of credit used for down payments can be dangerous if things go wrong. The problem is cash flow discipline. If you borrow $ 10,000 to invest in Turkey's real estate, will the real estate investment produce enough to pay the interest? Just make sure that you can handle the extra loan payment in a worst-case scenario.

Partner - Partnership is like sharing a delicious cake. What if someone offered me a rich chocolate cake (my favorite!) At 50% off? But what if I don't have the money to buy it? Wouldn't it make sense to find a friend who had that money and split the cake with them? Now we both won. This is a partnership in short. Just be sure to communicate clearly in advance (in writing), and only work with people you love and trust.

Create a plan to find a real estate investment opportunity

Istanbul real estate good deals do not get to your place easily. Finding deals in real estate investment in Turkey is like searching for treasure. You have to flip dozens and dozens of stones before you find a hidden gem.

Periods like 2008-2011 during the Great Recession are an exception to this rule. Treasure hunt for real estate deals was much easier at the time.

In his 2016 letter to Berkshire Hathaway shareholders, Warren Buffett described this period well:

‘’Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it's imperative that we rush outdoors carrying washtubs, not teaspoons.’’

We should always have our washbasins ready for periods of 'gold rain'. But what about the rest of the time? During normal economic times, you have to work hard and devise a plan to get good deals for yourself. You have to remain in line with your investment criteria so that you do not succumb to hot market conditions.

Schedule your time

You know your life and your schedule better than I do. But I assume you are as busy as most people. So, here's an important question for you:

How much time can you and/or your wife or business partner go each week to work on your real estate investment project?

be realistic. But if getting started with real estate investing is important to you, also be tough with your priorities. This isn't a project forever. You will spend more time for the next few months, but later on, as you gain momentum and buy real estate in Istanbul, you will consume much less time.

So, how much time can you take? Based on my past experience helping other investors individually, you need at least 10 hours per week to give yourself little chance of success. But the more time you can stick, such as 20-30 hours, the higher your chances.

Now look at your calendar and set specific times to work on your real estate investment in Turkey and contact Elite Homes, the best real estate agent in Turkey to provide your best opportunities for real estate investment in Turkey.

#turkey #Real Estate Investment in Turkey #istanbul

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cappricekitchen · 4 years

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This beautiful OCEANFRONT villa is currently in an active short term rental program with excellent rental history! Fabulous ocean views from this second floor unit, plus a spacious balcony to enjoy the salt-air breeze. Decorated with soothing tones, tasteful fixtures, beautiful upgrades including wood floors and granite in the bathroom, and nice furnishings... all included for a turn key opportunity. Sandcastles Villas is one of the most popular rental destinations in Amelia Island Plantation, where you will find 3 and a half miles of beach, miles of bike and walking trails, as well as the possibility of golf, tennis and fitness center all within the gates of this world class resort! This unit is being sold furnished, with a few exceptions. 🏡 . 1 Bed | 1 Bath | 863 SqFt | $357,500 . Contact me to schedule your showing today! . . . #AmeliaIsland #FernandinaBeach #BHHSChaplinWilliamsRealty #cappricekitchen (at Capprice Kitchen, Berkshire Hathaway HomeServices Chaplin Williams Realty) https://www.instagram.com/p/CAsa0cjH9LR/?igshid=2lx775306ls8

#ameliaisland #fernandinabeach #bhhschaplinwilliamsrealty #cappricekitchen

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bdscuatui · 4 years

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Khi những người New York giàu có chạy trốn khỏi thành phố để đến vùng ngoại ô, cuộc di cư sẽ được vĩnh viễn? Gần như thời điểm các trường hợp coronavirus đầu tiên được báo cáo ở thành phố New York, những người dân thành phố khá giả bắt đầu âm mưu trốn thoát của họ, hướng đến tài sản thứ hai thường dành cho nhà ở mùa hè theo mùa, và tràn ngập thị trường cho cho thuê kỳ nghỉ gần đó. Hiệu ứng này rất ấn tượng đến nỗi trong các lĩnh vực như Hamptons và Cape Cod, người dân địa phương nổi giận trước dòng người New York gây căng thẳng cho tài nguyên địa phương (và có khả năng lây lan virus), và một số quan chức địa phương thậm chí còn cảnh báo du khách sẽ tránh xa. Đồng thời, vùng ngoại ô khá giả ở các khu vực như Greenwich, Connecticut và Westchester County ở New York, nơi tương đối chậm chạp trong những năm gần đây, lặng lẽ ghi lại những màn trình diễn mạnh mẽ trong quý đầu tiên, với một vài dấu hiệu chậm lại. Hơn: Người mua và người bán phải luôn cập nhật trên thị trường thông qua cuộc khủng hoảng Covid-19 Thị trường ngoại ô cho thấy sức mạnh khi virus lây lan Dữ liệu quý đầu tiên do Berkshire Hathaway New England biên soạn cho thấy doanh số bán nhà Greenwich tăng 36,5% so với cùng kỳ trong quý này, chỉ riêng trong tháng 3 đã ghi nhận mức tăng 22,2% mặc dù sự xuất hiện của coronavirus ở New York. Từ ngày 1 tháng 3 đến tuần đầu tiên của tháng 4, công ty đã ghi nhận doanh số tăng 29% so với cùng kỳ năm 2019. Hoạt động vội vã này diễn ra sau một thời gian trì trệ đối với Greenwich, nơi bị ảnh hưởng nặng nề bởi những thay đổi gần đây đối với luật thuế và các khoản khấu trừ thế chấp. Mark Pruner, giám đốc bán hàng của Mark Berkshire Hathaway cho biết, chúng tôi thực sự thấy trong khoảng từ 800.000 đến 3 triệu đô la có tác động đáng kể. Các khoản thanh toán hàng tháng của người dân đang tăng lên vì họ phải trả tiền thế chấp bằng tiền sau thuế. Tuy nhiên, vào đầu năm 2020, lãi suất thế chấp mới thuận lợi đã giúp xoay chuyển tình thế và mang lại những người mua trước đây đã ngồi bên lề. Ông Pruner cho biết, năm bắt đầu ra mắt các băng đảng, với lãi suất thấp và người mua có động lực, ông Pruner nói. Phần mềm Chúng tôi đã có một khởi đầu rất tốt trước khi virus tấn công và tiếp tục làm tốt hơn năm ngoái [in spite of it]. Hơn: Đó là thời gian dành cho người mua nhà để lái xe khó khănMột báo cáo quý đầu tiên cho các quận Westchester, Putnam và Dutchess do Douglas Elliman công bố hôm thứ Năm cũng cho thấy sự tăng trưởng, mặc dù với số lượng khiêm tốn hơn, với giá bán trung bình cho nhà ở một gia đình tăng 6,7% so với năm trước và doanh số bán hàng trong năm cùng loại tăng 7,5%. Ban đầu có một sự gia tăng lớn trong [calls about] Scott Elwell, phó chủ tịch bán hàng khu vực của Douglas Elliman cho Westchester và New England cho biết, cho thuê ngắn hạn, sau đó cho thuê dài hạn. Ngay bây giờ chúng tôi nhận được cuộc gọi từ các gia đình trong thành phố hỏi về việc mua hàng. Với các gia đình chú ý đến các động thái bắt đầu vào năm học tới, mùa xuân đã có xu hướng là một mùa đặc biệt bận rộn cho người mua ở ngoại ô. Bạn có những người tìm kiếm vào mùa xuân để cho con đi học vào ngày Lao động, ông Elwell nói. Khung thời gian đó vẫn tồn tại không liên quan đến mọi thứ xảy ra. Đối với những người mua tiềm năng phản ứng cụ thể với mối đe dọa của coronavirus tại thành phố New York, cơ sở hạ tầng ở ngoại ô cũng có thể có sức hấp dẫn mạnh mẽ hơn so với những gì có sẵn trong một thị trấn nghỉ mát thông thường. Từ Penta: Hoạt động từ thiện và hỗ trợ của chính phủ đồng hành Ông Pruner cho biết, sự đồng thuận chung là một khi điều này kết thúc, bạn sẽ thấy một sự đột biến lớn về doanh số. Tuy nhiên, rất nhiều điểm nghỉ mát truyền thống có thể không nhất thiết phải thấy điều đó. Một trong những vấn đề là họ không nhất thiết phải có cơ sở y tế tốt ngay cả khi bạn sở hữu một ngôi nhà lớn ở đó, họ không có bệnh viện hay tài nguyên để đi cùng. Tăng sự quan tâm đến không gian thêm (và không gian văn phòng) Mặc dù thị hiếu đã được xu hướng về nhà nhỏ hơn trong những năm gần đây, những người mua trải nghiệm ngôi nhà của họ đột nhiên trở thành toàn bộ văn phòng, phòng tập thể dục, trường học và khu giải trí của gia đình họ, không có gì đáng ngạc nhiên khi đến với các tìm kiếm của họ với sự đánh giá cao về không gian, một thực tế có thể là điềm lành cho thị trường ngoại ô. Câu hỏi về việc một ngôi nhà có một văn phòng có cao hơn trong danh sách hay không, ông Mr.Elwell nói. Khi các đại lý của tôi đi ngang hàng với khách hàng, đây là giai thoại, nhưng không gian văn phòng và bố cục là một phần lớn của cuộc trò chuyện, đó là điều mà khác biệt với những năm trước. Điều này đặc biệt đúng đối với người thuê nhà ngắn hạn. Hơn: Coronavirus đã ngăn chặn việc Bounce, vì vậy sự kiên nhẫn sẽ là chìa khóa cho người mua và người bánTại thời điểm này, thay vì ‘vị trí, địa điểm, địa điểm, nó thực sự là về‘ những gì trên tài sản, vì bạn sẽ không rời bỏ điều đó, ông Pruner nói. Mọi người quan tâm nhiều hơn đến các tiện nghi. Về lâu dài, những người mua đột nhiên cảm thấy thoải mái hơn khi làm việc tại nhà có thể tìm đến các khu vực dễ dàng đến thành phố New York với kiến thức rằng họ có thể dễ dàng giao tiếp với phần lớn thời gian và đến văn phòng vật lý khi cần thiết, khi mọi thứ cần thiết trở lại bình thường Nói chung, tôi nghĩ mọi người sẽ ra khỏi điều này và nhận ra rằng nó có thể hoạt động hầu như, có thể không toàn thời gian, nhưng bán thời gian, ông Shahab Karmely, người sáng lập các tài sản KAR có trụ sở tại New York cho biết. Tôi nghĩ rằng điều đó sẽ thúc đẩy sự di chuyển của mọi người đến những khu vực bên ngoài này và rằng Lẩu sẽ làm việc theo hướng có lợi cho các thị trường như thế này. Hơn: Tỷ lệ thế chấp thấp có thể giúp người mua tăng cường dự trữ tiền mặt trước suy thoái kinh tế Người mua mới và lãi suất tăng Mặc dù phần lớn lợi ích ngắn hạn có khả năng duy trì mạnh mẽ cho đến khi virus được kiểm soát và các biện pháp ngăn chặn xã hội đã được dỡ bỏ ở thành phố New York, nhưng phần lớn, sự quan tâm từ những người mua muốn mua hàng bên ngoài thành phố dường như đến từ những người đã có kế hoạch để thực hiện bước nhảy. Một số người có thể nhìn vào đây [for short-term rentals] và bắt đầu nghĩ rằng đây có thể là một nơi tốt hơn cho nơi cư trú vĩnh viễn hoặc ngôi nhà thứ hai của họ, ông Robin Kencel, một nhà môi giới tại Greenwich với La bàn cho biết. Một lần nữa, tôi đã có những cuộc gọi khác, nơi mọi người đang nghĩ về việc di chuyển ra khỏi thành phố, nhưng những gì đang diễn ra đã di chuyển lên thời gian biểu của họ. Và những người mua vội vã rời khỏi thành phố vĩnh viễn có thể thấy mình quay trở lại quyết định đó sau khi cuộc khủng hoảng hiện tại đã qua. Nhấn vào đây để đọc thêm tin tức bất động sản cao cấp New York Thật khó để nói, bởi vì không ai trong chúng ta từng trải qua điều gì như thế này trước đây, ông Ann Conroy, CEO của Douglas Elliman Long Island cho biết. Tuy nhiên, sau ngày 9/11, xu hướng mua đã thay đổi. Tôi đã có những người bạn chuyển đến Hamptons vĩnh viễn, họ nghĩ, và từng chút một họ quay trở lại thành phố. Những người yêu thích thành phố, nếu họ không sẵn sàng và buộc mình ra ngoài, họ quay trở lại với cách họ thích sống. Cuối cùng, sẽ khó dự báo hành vi của người mua cho đến khi tác động lâu dài của virus đối với nền kinh tế và thị trường nhà ở nói chung trở nên rõ ràng hơn. Tuy nhiên, hiện tại, vùng ngoại ô và thị trấn đi lại có một lợi thế khác biệt so với các điểm đến xa hơn. Một điều tôi có thể nói là mọi cuộc trò chuyện mà các đại lý của tôi có với khách hàng đều xoay quanh việc muốn được kết nối với thành phố New York, ông Elwell nói. Mùi mà tenor đã thay đổi tất cả. .[ad_2] Nguồn

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singularitypub · 5 years

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#realestate #realtor #fastsales

Well-Crafted Property Descriptions!

Better property descriptions bring heightened interest, more showings, and faster sales!

I have a few decades of experience as a writer. My turn-around time is usually only 1-2 hours!

Using an address, photos, notes, research, a moderate knowledge of home improvement, SEO wisdom, and magic, I craft a great property description (which fits into your local MLS – about 200-words).

The responses to my descriptions often are “I like it,” or “Perfect!” Below is a property description I’ve written.

$25. per description: [email protected]

Mr. Richard Daskam, President of Richard Daskam & Associates, Keller Williams Coastal Properties, wrote: "I like that you have a different eye than we do, and you aren’t biased by what the seller wants vs. what a buyer is looking for."

Ms. Sally Masters, Broker Associate, Signature International Premier Properties, wrote: “Very nice! Love what you wrote, thank you! Should promote some showings.”

Ms. Pat Settar, Broker-Associate, Berkshire Hathaway, Fox & Roach Realtors, wrote: “Wow! Pretty cool.”

The lake place of your dreams! Cypress Shores, Kingsland, Texas. This marvelous modern home sits on (and over) a wide spot on the Colorado River. 4 beds, 3 baths, more than 3,100 sq ft, 3 stories. Cul-de-sac; controlled access private road; park and picnic area in development. This fine home faces SW; huge lush lawn with sprinkler system; sea wall; steel roof; 2 car attached garage. Formal entrance/foyer: open floor plan; elevator; high vaulted ceilings; ceiling fans throughout; recessed LED lighting; natural colored hard wood flooring throughout. Great room with cozy fireplace and wall of windows with water view; family room; game room; theater room with surround sound; office; wine room. Open bright eat-in kitchen with water views: island/breakfast table; marble counter tops; walk-in pantry; high-end appliances; sub zero refrigerator; double ovens; gas range; wine cooler; 2 farm sinks; lighted glass front cabinets. Large master suite with water views features: enormous balcony; walk-in closet; double vanities (same in other bathroom); soaking tub. Now, to the best parts of this unmatched home!: dreamy veranda/outdoor living room/dining area; recessed LED lighting; ceiling fans; granite topped outdoor kitchen/bar; TV; heated pool with swim-up bar. Dock; 2-level boat slip; huge sundeck sits 10’ above the lake with catwalk to second floor balcony and stairs to first floor veranda; large covered balconies with ceiling fans are on second and third floors. Central A/C. Tankless hot water. A rare opportunity for a buyer who appreciates the very best! This is the perfect house for hosting fishing or water skiing tournaments. Short-term rental is okay.

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kasoboys · 18 days

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We have sept threw fall and winter open for booking your stays for holidays,festival,skiing mountains in Berkshires many of them. Or getting last minute boat rides at our lakes. So book your spots now before we book up again. Also short term rental available for traveling health care workers. Was booked all summer . And now time book up for holidays and fall festivals. Thank you all from The AOE Guesthouse

Host Kyle and Shawn

airbnb.com/h/aoe

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garfieldtownhouse · 3 years

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Family holidays are always joyful, and in Berkshire cherry are at its pinnacle. This charming city invites its guests always cordially. The short-term rentals in Berkshires are offered for your convenience with respect to accommodation.

#Short Term Rentals Berkshires

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anycontentposter · 5 years

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Looking back: 10 years of change in the hotel industry

One of the things I love most about staying in a hotel, whether in my home city or in some remote corner of the world, is the familiarity.

For years, the blueprint for a hotel was more or less the same, whether you were staying in a $100 room or a $1,000 suite. But that model — a cozy lobby with a front desk and a concierge; a room stocked with miniature toiletries and a turndown service that concluded with a folded duvet and a single chocolate on your pillow — has been transformed.

Related: We’re calling it now — The 20 hottest travel destinations of 2020

As this decade closes, we’re reflecting on how much has changed in the hotel and hospitality industry. And how, even to veteran travel reporters and road warriors, the hotel industry has become almost unrecognizable at times.

(Photo courtesy of Sheraton)

Long-loved brands have disappeared or been acquired by larger chains. Amenities we’ve come to rely on have been removed or replaced by a new set of features designed to benefit a younger generation of travelers.

The very footprint of a hotel room has evolved to accommodate changing needs and tastes.

What will the hotel industry look like in another 10 years? It’s hard to say, though we’re willing to bet that at least a few of our predictions for 2020 will materialize throughout the next decade. Until then, we’re looking back at the biggest ways the hotel industry has changed since 2010.

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(Photo courtesy of Gramercy Park Hotel) Chain reaction

There may be no more obvious harbinger of change in the hotel industry than the dizzying number of mergers and acquisitions that have swept up, consolidated and reconfigured some of the most iconic hotel brands. According to hospitality industry data from STR, nearly two-thirds of all hotels in the U.S. were independently owned in 1990. Two decades later, that number has dropped to 40%. Chains now dominate the industry.

In 2015, Marriott International announced it would buy up Starwood Hotels & Resorts to form the world’s biggest hotel chain. It took years for the ink to dry and their loyalty programs to be unified, but it completely altered the hotel and loyalty landscape. Yet the cascade of acquisitions and mergers in the latter part of the decade began long before Marriott committed to buying Starwood.

(Photo by Nicholas Ellis/The Points Guy)

In 2014, InterContinental Hotels Group (IHG) reached an agreement to buy Kimpton Hotels for $430 million — a move that marked the brand’s commitment to expanding its influence in the desirable boutique market. And, in 2019, IHG added Six Senses hotels and resorts to its portfolio.

In 2015, Accor bought Fairmont, Raffles and Swissôtel, deeply improving its high-end luxury hotel offerings, and then purchased an 85% stake in 21c Museum Hotels in 2018.

(Image courtesy of 21c Museum Hotels)

In 2017, Hyatt acquired the Miraval Resort & Spa in Tucson, Arizona. As Miraval continued to expand — opening a property in Austin in February 2019 and a resort in the Berkshires slated to open in the spring of 2020 — World of Hyatt members found their points unlocking rooms at a number of new destinations. A year later, Hyatt announced plans to acquire Two Roads Hospitality, the group that owns Thompson Hotels, Joie de Vivre, Destination Hotels and Alila Hotels & Resorts.

(Photo by Melanie Lieberman/The Points Guy)

These mergers and acquisitions haven’t just expanded and broadened the portfolios of the world’s largest hotel brands. They’ve also made it easier for travelers to use points and miles to stay at their favorite boutique hotels and resorts.

Like the companies that manage them, loyalty programs have changed tremendously in the last 10 years. We’ll get into that more in a separate piece, but it’s clear that a major shift throughout the industry has been to off-peak and peak award redemptions, and though it may be harder to predict how much your hotel stay will cost, sweet spots remain.

Related: How twin jets took over the world: The 2010s in aviation

Going green

A printed newspaper at your door. A single chocolate on your pillow. An arrangement of tiny toiletries on your bathroom vanity. These trademarks of high-end hotel service have, in many cases, gone the way of the dinosaur over the course of the last decade.

(Photo by Andrea Rotondo/The Points Guy)

Those mini bottles of shampoo and conditioner, at least, could be gone before 2021 at major brands including IHG, Marriott and Hyatt. The shift to refillable bulk dispensers is one of the most obvious indicators of the way hotels have altered their service and amenity offerings to provide a more environmentally friendly experience for travelers — and to simultaneously cut costs.

(Photo by Mint Images/Getty Images)

Guests, for example, are now offered incentives to skip housekeeping and reuse towels. In May, Hyatt began offering points to guests who decided to forgo housekeeping services, and hotels are now replete with signage encouraging guests to keep towels off the floor so they won’t be laundered.

At one Staybridge Suites in New York City, a $5 housekeeping fee now appears on folios when guests don’t decline the service. And across the entire IHG portfolio, guests with reservations for more than one night can participate in “A Greener Stay” program and earn IHG Rewards Club points when they opt out of housekeeping.

Related: Ways to earn points and miles while saving the Earth

New purpose

It’s not just what’s inside a hotel room that has changed a lot in the last decade. The entire layout of a hotel may feel unfamiliar to a guest who hasn’t booked a stay since 2010.

Desks and closets have shrunk and, in many cases, been removed. Even the front desk has been replaced at some hotels by a tablet or in-app check-in. Conrad launched the first hotel-branded app in 2012, and hotel apps have become crucial for many travelers. In many cases, travelers can now avoid speaking to a human at all when checking into a hotel.

(Photo by d3sign/Getty Images)

With the Marriott Bonvoy app, for example, travelers can book, track and modify reservations; use mobile check-in to let the hotel know they’ve arrived; receive notifications when the room is ready, and, where available, use a mobile key for keyless entry.

Even the days of plastic key cards are quickly slipping into the rearview mirror.

The hotel lobby, in reality, is far less transactional now than it was 10 years ago. As technology makes it possible for travelers to bypass the front desk and the concierge, hotel lobbies have become social and coworking spaces.

Coworking and social space in the lobby at The Hoxton, Williamsburg, NYC. (Photo by Darren Murph/The Points Guy)

While many hotel brands are partnering with coworking companies to formalize the spaces, others are simply changing the floor plan. If your en suite desk has disappeared, for example, you might be encouraged to head downstairs to elbow up to a communal table.

Technology is also making complimentary, high-speed Wi-Fi an expectation among travelers, not a “nice to have” amenity. It means outlets have multiplied, and USB ports have begun appearing by bedsides. And it also means you often control your hotel room without putting down your cellphone.

Home away from home

In a little over a decade, Airbnb — founded by Joe Gebbia and Brian Chesky in August 2008 — completely disrupted the way we travel.

According to a 2018 report from the Boston Hospitality Review, Airbnb supply across 10 key hotel markets in the U.S. increased more than 100% year-on-year between 2008 and 2017, causing hotel revenue per available room (RevPAR) to decrease 2% across all hotel segments. For the luxury sector, that loss was closer to 4%.

(Image courtesy of Airbnb)

For travelers, that means there are now more than 6 million new places to stay than there were just a little over a decade ago. That includes unconventional accommodations like tree houses, Airstreams and igloos. And that doesn’t even include inventory exclusive to other vacation-rental platforms like Vrbo, which has been around since the 1990s and was acquired by HomeAway in 2015. Both took advantage of the internet to bring short-term rentals to travelers. But neither revolutionized the sharing economy quite like Airbnb, which focused on resident-owned/managed rooms, guesthouses and apartments in urban markets.

(Photo courtesy of Airbnb)

Suddenly, an empty bedroom in an apartment became a viable — and popular — place for travelers on a budget to stay in a new city. According to VRMintel, a 2016 Phocuswright report on private accommodations in the U.S. found that the number of travelers who stayed in vacation rentals surged from one in 10 in 2011 to one in three in 2015.

As the vacation rental market has taken off, even traditional hotel brands have been forced to follow suit. In 2016, Accor bought luxury home-sharing brand Onefinestay and Choice Hotels began offering vacation rentals. In fact, more hotel brands than ever are offering home-sharing and vacation-rental properties for travelers. Both Four Seasons and Marriott launched collections of home and villa vacation rentals in 2019.

Bottom line

In the next 10 years, technology will continue to minimize and, in some cases, eliminate the need for human interaction. Robots haven’t taken over the hospitality industry yet, but there’s no telling just how common they might be in another decade. Perhaps the check-in desk will have a great resurgence — but it will be helmed by droids, not humans.

(Photo by Samantha Rosen/The Points Guy)

And hotels are just one aspect of the travel industry caught up in monumental change. Instagram (and social media, in general) is increasingly responsible for influencing the way travelers make decisions about where they go — and it’s become a valuable component of hotel marketing. In aviation, technology and social media have changed the way airlines and their customers interact.

What do you think will change in the next 10 years? Sound off in the comments below.

Feature photo by Summer Hull / The Points Guy.

Read more about this at thepointsguy.com

https://blogsandtravels.com/looking-back-10-years-of-change-in-the-hotel-industry/

#hotels #news #stravel #traveltips #blog

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casualinvestor-blog · 5 years

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A Simple Guide to Why WeWork is Failing

In January 2019, Softbank Group, a Japanese equivalent of Berkshire Hathaway, invested $2 billion into WeWork, an American commercial real estate company masquerading as a tech startup. The $2 billion investment valued the company at a whopping $47 billion. Not bad for a company that had been founded less than 9 years prior to that. Things were going great for WeWork, who began to plan an initial public offering for later in the year. Fast forward just 9 months, to the beginning of October 2019. The company has scrapped its IPO, its CEO has resigned, its valuation has plummeted to just $10 billion, layoffs are underway, and there are very legitimate concerns whether the company will survive for another few months. WeWork has rapidly become a cautionary tale of the excesses and hubris of the startup craze that is starting to come home to roost. How does a company go from filing an IPO prospectus (plan to go public) to staring down a looming bankruptcy in two months? It’s not hard to find what the culprits are.

Lack of Innovation

Tech startups built their name and reputation on innovation and disruption. Apple gave us the IPod and smart phones. Google gave us answers, or a way to find answers, to almost any question imaginable. Facebook gave us a way to keep in touch with our friends no matter where in the world we are. And Farmville. Never forget Farmville. These companies represent the successes of Silicon Valley. WeWork gave us… ummm… hmmm… reduced size office spaces? Shorter lease terms? Beer kegs in the common areas (this is a real thing)? Struggling to find anything truly innovative here. The company’s entire business model consists of signing long term leases from property owners, dividing up the area into smaller “offices”, and then leasing those smaller offices on shorter term leases to small businesses and freelancers. They are a glorified subletter. There’s no innovation in that. It’s taking a business that already exists, rental real estate, repackaging it, and branding it as a completely different business. WeWork has provided nothing new or exciting. It isn’t even a tech company, which we’ll get to in a little while. It’s no wonder that the bottom fell out as people started to come to the realization that they were valuing a company with nothing memorable at $47 billion.

Bad Business

WeWork had a business niche. The company was going to target a consumer base that large real estate companies had neglected: the freelancer. The company believed that it could tap into thousands of freelancers that did not yet have the resources to lock themselves into long term leases, or did not have the need to lease out entire floors of a building. They did this by creating small offices within their WeWork floors for those looking for a cheap workspace. This by itself was not actually a bad business. There was a problem with this strategy, however. Renters don’t make a ton of money on short term leases to small businesses. They make their money on long term leases to large companies. Locking in small, short term leases results in higher turnover and higher vacancy rates. There’s little stability and consistency in this method. Meanwhile, the leases that the company was locking itself into could run for 15 years. I have been in four different WeWork offices; each of the office buildings that I have worked in in my career had separate WeWork floors. I do have to admit that they are pretty trendy places; fruit infused water on tap, beer kegs, swanky common areas, and fancy coffee. But there was something else that I noticed as well. The floors and offices were at least half empty. Every single one of them that I visited.

Photographer's rendering of a WeWork office WeWork’s business model was never going to succeed. Taking out a long term lease and then subdividing it into smaller, shorter term leases was a huge gamble. The company was putting itself on the hook for a lot of money with very little collateral. It was nice for freelancers to take on very little risk, but it was not good for the company. By the company’s own admission in August 2019, it had entered into long term leases valued at $47 billion, but it had only $4 billion of future lease commitments owed to it. It doesn’t appear that it would have had any chance of succeeding? $47 billion in commitments versus $4 billion in receivables. That’s a lot of ground to make up. If the economy hits a downturn, rental rates drop and vacancies rise. But the $47 billion had already been locked into. There was never a chance of making up that shortfall. Which begs the question: What exactly did Softbank see in the company to pump its valuation so high? Softbank’s Vision Fund, a $100 billion venture capital fund, is the largest tech focused venture capital fund in the entire world. With $100 billion to play around with, it’s no surprise that money was a little too loose. it’s a good thing that many of the fund’s partners stepped in and prevented the company from investing an additional $14 billion into the company, which it had at one point considered. The model had very little chance of succeeding. This should have been obvious at an earlier stage. Also, again, WeWork is not a tech company. Why is a tech focused venture capital fund investing in a non tech company?

Timing

The most talked about date in any startup is almost always the IPO date. This is the date that the stock of the company becomes publicly available to trade. This is also the day that company executives and employees can cash in their shares. The IPO date represents PAYDAY for the owners and early investors. The problem with WeWork’s IPO has a lot to do with its timing. By many indications, the American economy is at the end of its bull run. Growth is starting to stagnate, and investors are becoming more conservative with their cash. They are also becoming more skeptical about investing in companies that have yet to turn a profit. It started with Lyft and Uber, really. Both companies went public in 2019, and both IPOs have been unmitigated disasters. Uber had hoped for a valuation of $120B when it went public. As of the first week of October, the company’s market capitalization is less than $50B. The company is burning through billions of dollars each year and, by its own admission, won’t be turning a profit for at least several years. Uber’s stock price has responded accordingly, declining by more than 37% from its high in just a few months. Lyft has faced similar issues as Uber, and its own stock price is nowhere near its price on its IPO date. By the time WeWork filed its paperwork to move forward with its IPO, investors were already weary of pumping cash into a company that had yet to turn a profit. Had WeWork gone public a year earlier, there’s a very real chance that the company would be thriving. The fact is that in late 2019, investors are not as loose with their cash as they had been in the years prior. They do not have the appetite for investing in companies that have a very real chance of NEVER turning a profit.

Greed and Excess

Then there’s the excess. Oh so much excess. Silicon Valley startups have long been a symbol of wasteful spending. Hundreds of startups have received huge cash injections, leading many to become reckless by burning through cash on perks for employees and executives. WeWork was no different. WeWork CEO Adam Neumann enjoyed traveling for business via private jet, so his company purchased one for $60M. Leaving aside the fact that owning a plane is a very bad investment, is a $60 million purchase a good idea for a company that had never made a penny of profits? Expenses like these aren’t smart business decisions. It’s not about the business, though, it’s about appearances. What better way to tout the success of your business by showing up everywhere in a Gulfstream G650?

Decisions like these scream managerial incompetence. Again, the company thought it was wise to purchase a $60 million private jet at the same time they were burning through hundreds of millions of dollars each. Well, the company eventually saw the error of their ways. They sold it prior to filing its IPO paperwork because the optics were terrible. It turns out that the goal for Neumann was never to operate a successful business. The goal was to make people think he ran a successful business and to enjoy the lifestyle that came with it. It wasn’t about a vision. It was about the money and the prestige. By his own admission in a profile in The Wall Street Journal, Neumann wanted to become king of the world and the world’s first trillionaire. When did Steve Jobs flash his immense wealth? Bill Gates? Larry Page? Jeff Bezos? For these successful entrepreneurs and innovators, the flash wasn’t the prize. It was about achieving their dreams, and watching an entire country and world embrace their vision. It was never about becoming the richest person in the world. If that is your goal when running a business, you are sure to fail.

Arrogance

Perhaps the most ridiculous assertion from the company during its entire IPO debacle is its insistence on being labeled a technology company. This wasn’t just for show, however, as there was a business reason behind this push. Tech companies typically receive higher valuations for its intangible assets. Assets that have value, but are not physical things. The data and information that companies like WeWork extract from their users are considered intangible assets. WeWork was hoping to be labeled as a tech company to boost its valuation. It is painfully obvious that WeWork is not a technology company, to the point that its insulting to have even tried that angle. Having an app and setting up Wi-Fi networks in their offices does not make them a technology company. And investors and reporters quickly saw through it. Companies that rent out commercial office space are considered real estate companies. Therefore, WeWork is a real estate company. Valuing real estate companies is relatively straightforward. One can simply sum the total values of all properties owned by the company. These values are determined by analyzing the current and future earning potential of each property. A problem that WeWork has is that it doesn’t physically own the properties that it leases. It merely leases these offices from the actual property owner. If they don’t own any property, then where does their value lie? It’s hard to see how the company has much value at all beyond its brand. Even at $10 billion, it feels very hollow. It was a noble effort by WeWork, and it may have worked in prior years. But 2019 is a new day for startups with high valuations and huge losses.

Is there any hope for WeWork?

There is little doubt that the company will declare bankruptcy within the next 6-12 months. No investor is going to provide the cash that the company needs to stay afloat. It comes back to that $47 billion vs $4 billion that we talked about earlier (again, how is this company still valued at $10 billion?). That gap is far too steep to overcome. Bankruptcy would be the best bet in hopes of clearing out some of those liabilities and starting fresh. Or the company could declare bankruptcy and close up shop for good. The only thing of value left for the company is the name. Even then, with the recent onslaught of negative publicity, the name isn’t probably worth very much anymore. In the race for disruption and being first to market, WeWork abandoned important business principles that an aspiring entrepreneur would typically learn in a business 101 course. Its business plan wasn’t fully thought out – it would be interesting to see their original projection on when they expected to achieve profitability – yet its investors didn’t seem to notice until the last minute. This company will never make money as currently constructed. It’s safe to wonder whether they had ever expected to generate profits, or if the goal all along was to go public, get rich, and then dump the problem on to less suspecting investors, namely the general public. It may have worked 3 years ago, but it will no longer work in 2019. Check out our podcast on another high profile startup that has seen better days: Uber! Learn more about investing in stocks, bonds, real estate, and even weed! Read the full article

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oliveratlanta · 5 years

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Inside ‘the finest luxury loft in Castleberry Hill,’ now renting for $6,500 monthly

“It’s a great chance for someone to live like a celebrity” in the shadow of downtown, says listing agent

A three-story brick building that began life as a Johnson & Johnson Band-Aid factory now hosts what’s being called “the finest luxury loft in Castleberry [Hill],” an airy unit asking $6,500 in monthly rent.

In the 200 block of Walker Street, the Johnson & Johnson Lofts complex is loaded with original wood beams, maple flooring, and exposed brick—all postindustrial charms dating from 1910.

The tri-level rental in question incorporates huge skylights to brighten the interior, plus a custom, floating staircase in the atrium that helps to serve the same purpose.

“It’s been the site of several film and television shoots,” listing agent Lucas Carter, a Realtor with Berkshire Hathaway HomeServices Buckhead, noted in an email to Curbed Atlanta. “So it’s a great chance for someone to live like a celebrity.”

The 2,664-square-foot pad comes furnished, most utilities are included in the price, and both long and short-term leases are available. Added bonuses: SONOS sound throughout the home, a sleek kitchen update, and two reserved spots in the private garage.

From the roof terrace, views to Mercedes-Benz Stadium and Midtown beyond.

Its two-bedroom status (one of them being very open-concept) could limit the appeal for, say, families in the industry. But there’s no denying the private roof deck with views to The Benz and across Midtown would make for a lovely communal hang.

The loft has sold twice since the building’s residential conversion two decades ago—most recently for $700,000 in early 2015, records show.

It’s the highest going rent for a single unit in Castleberry Hill right now, rivaled only (sort of) by this smaller, art-filled space asking $4,500 per month on Mangum Street.

The old-growth forest beams are visible upon entry and on upper floors. Custom floating stairs begin here, too.

Original maple flooring meets a modernized kitchen.

The master suite, with a sitting room.

Separated vanities in one of three bathrooms.

Dual showerheads—and shower seats.

Skylights in the secondary bedroom.

Which is decidedly open-concept.

Merciful shade canopy.

The Johnson & Johnson Lofts, from Walker Street.

source https://atlanta.curbed.com/2019/7/15/20694734/rent-loft-atlanta-castleberry-hill-apartment-downtown

#OliverAtlanta

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avisluster99573-blog · 7 years

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Flowers To Expand For Elevation In The Yard, Tall Plants For Flower Borders.

Cut new green beans on the diagonal into 1 1/2 in items and also pale in boiling water for 1-2 mins. Nonetheless, after a plant has actually been chopped down, you are going to be entrusted to an awful stump that is going to must be actually eliminated; this is in some cases more difficult compared to the authentic plant elimination exercise. I was actually seeking Seoul Backyard Restaurant, when I accidentally stepped into this beautiful coffee shop called the Garden Lifestyle Establishment & Cafe in the brand new wing from Lower Very beginning at some Utama shopping mall in Petaling Jaya. When the climate obtains chilly is actually changing the type of fish food items that you provide to your marine animals, a very crucial component from garden pond care. It is a quick woodland walk and also a prayer garden linked with that called the Wesley Woodland Walk. It is a good tool to utilize when your landscape is actually developed to weed and freshen the dirt in places where there sufficients room to make sure that you perform certainly not must perform this job manually. Likewise check out the Botanical Garden to view assortment of fascinating vegetations, blossoms and plants. I feel you could possibly grown nearly anything, and gardeners with sizable landscape stories could require over among these devices. Gardening hobby has actually come to be incredibly attractive in The U.S.A. particularly the window box possibility horticulture type which possesses reduced routine maintenance along with cheap garden pots. Having said that, as our company created our programs the initial springtime our team realized our team couldn't develop a backyard without initial clearing up out some thick trees and also boosting the dirt around our home. I am a landscape developer located in Bracknell, Berkshire in the UK. I was actually raised in Buckinghamshire as well as still consider this to be my home although I have stayed in Bracknell, Berkshire for years. Nonetheless, a lot of all of them discover this hard to recognize where to start, and also know what is actually achievable. If you possess had an all natural backyard for a number of years and also have never ever needed to seek all natural ant control for your veggie garden than your issue is most likely merely a short-term one.

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Perhaps the vegetable landscape will possess to resign in favour of the fruit garden if our experts were actually going into fruit product to any sort of level. In addition to the yard from an exclusive house, where that will save a great deal of work, synthetic grass can easily additionally be actually used in regions where mowing the place is actually complicated. Get in touch with a local property and backyard retail store to see if they have the tools for rental payment or investment. If please click the up coming document garden is big as well as you require bigger space, then opt for a greater backyard shed. Conditions permitting, though, yard experts agree autumn is the best time to refresh and also renew your lawn.

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cappricekitchen · 4 years

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AMELIA ISLAND CONDO Coming Soon! This condo is a short walk to the beach, provides short-term rentals with a strong rental history, and allows pets! Condo is being sold furnished - totally turnkey for a vacation home or investment property! Contact me for more details at 904.535.3997. 😎🌴 - - - - #comingsoon #ameliaisland #condo #turnkey #walktothebeach #location #investmentproperty #bhhschaplinwilliamsrealty #cappriceismyrealtor #vacation (at Capprice Kitchen, Berkshire Hathaway HomeServices Chaplin Williams Realty) https://www.instagram.com/p/B-xBjbkHOdA/?igshid=sdy7kftsh66s

#comingsoon #ameliaisland #condo #turnkey #walktothebeach #location #investmentproperty #bhhschaplinwilliamsrealty #cappriceismyrealtor #vacation

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bdscuatui · 4 years

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singularitypub · 5 years

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#realestate #realtor #fastsales

Well-Crafted Property Descriptions!

Better property descriptions bring heightened interest, more showings, and faster sales!

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kotstaruk · 4 years

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Classified Ads: The Place To Go

Classified ads are the short term for classified advert or advertisement that is a usual sight to be found in the newspapers and other periodicals and now even online. Finding anything, particularly job vacancies, selling and buying of goods that could be a wholesale, retail, brand new or second hand will be easier for everyone in just one glance at the classified ads.

Apart from that, you can find other things such as car and boat rentals, renting or buying a house, electronic gadgets, or anything under the sun, which is also common merchandise in the market. It some cases, they are being posted by some advertisers free for limited information only.

But if you want to have your postings depending on your business reasons, then it will be the time for you to pay them based on the rules provided by the publishing company where you will place your advertisement-especially when you intend to sell something.

You may put every detail depending on the agreement you have with in-charge person. This and more will absolutely be absorbed when you continue reading this article. Thus, this article is made to allow you to acquire more information about the classified ads. Since classified ads can be so helpful to your business, you must know the proper way of making it.

To begin with, most businesspersons, or even anybody, are using classified ads, especially when they have something to sell. It will make their businesses progress and improved. The most common today is the online classified ads. Making your ads online is giving life to people because most of the people worldwide make use of the internet every single day. They also use the internet for easy access and so you have great chances to succeed here. Every now then, people just go to different sites, check every detail of the item which they want to buy. The simpler your advertisement is, the better for the people to visit them, and of course, you have to include prices so that people would know if they could really afford getting your item.

Every item is categorized based on their use so you must identify if they are brand new or the penny saver. In addition, you should put descriptions in every product to provide enough information about them. Last but definitely not the least is to place your contact information to provide the interested consumers and other people who would like to make business with you. The best thing about classified ads software is that it is not needed to be downloaded anymore and they are free ads.

The free classified ads contain benefits for both client and buyer. Most of the buyers come to see the products in this portion. In fact, more and more businesses make a good investment in terms of expanding their resources in online advertisement. For clients who desire to purchase something and have not come across to travel far, then their best option is to seek the section of the newspaper classified ads or in the internet that in just a click away, they can get anything that they want to search about. Everyone will get the chance to save to money and time.

The newspaper, magazines, and the like are the usual local classified ads. The merchandise that you will normally find here are all in discounted rates or offers a great off-the-price promo without compromising the quality and without having lesser competition for buying products as compared to the ads through means of internet.

Apart from the products, you will also notice some local job listings that enable unemployed people to get a good job urgently. This is the traditional way of getting a job and others still use them especially if the job is just around the corner. Local jobs normally requires employee from easy reach. You will also get the chance to see local personals dating. However, local online dating has emerged over the years, local casual encounters still happening to create great way meeting new and interesting people. Free pets such as personal adverts are highly recognized to be very effective.

Whatever type of classified ads you have and that you are offering, people will a way to make it very effective and convenient for both parties. It provides mutual benefits, first to the businesses to be known and to have greater consumers and clients and for the consumers to have an easy access to whatever they need. Indeed, classified ads are part of the lives of people all over the world.

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