Second Life Forums Archive - Wanna rent an island for $300 per month and 50/50 on all profits

Atashi Toshihiko

Frequently Befuddled

Join date: 7 Dec 2006

Posts: 1,423

10-12-2007 12:04

I was thinking some more about this on my way home from work. I am a businesswoman and enjoy the business aspect of SL as much as anything else. So I'll throw out a 'counter proposal' and explain why I think it's fair.

1) The initial term would be 12 months and would be as firmly agreed to as is possible. After 12 months the agreement would be renegotiated (explained below.)

2) I would want the rental rate to be the L$ equivalent of US$450 per month. My calculations show this to be roughly L$125,000 per month. Doing business in L$ evens all the aspects from a currency conversion point of view - the tennant buys L$ however they see fit, and pays their side of the conversion rate, and the island owner converts to US$ and is responsible for their own fees when converting on their side. Using RL$ makes it very messy with exchange rates, service charges, etc. (OP is in the UK, I am in Canada, LL in the USA...)

3) The tennant would be allowed to name the island, name the estate, pick where on the world map the island goes, and would be given estate management status and allowed the run the island any way they see fit (provided it does not break the TOS or CS). Any covenant would be up to them to write but I would reserve the right to edit it or amend it if necessary.

4) I would want no percentage of any profits whatsoever. Profit sharing is an administrative burden on both parties.

5) After 12 months the rental rate would be lowered, to something like US$375 (this would be the part negotiated after the 1st year was up.) This would be dependant on LL not making any increases in tier etc.

So, here's my reasoning. At $450 per month the initial expense is paid for in about 11 months, with an extra month to cover any expenses incurred in terms of interest or other fees. It is a fixed rate and not dependant on market fluctuations, etc. After the first year, with the original expense paid for, it's then a matter of a small amount of profit each month. So the rental rate can come down.

Risk wise, the island owner is on the hook with LL for $295 every month regardless of whether the island is rented or profitable or whatever, plus the initial outlay and any interest they are paying. If the tennant chooses to leave after 3, 4, or whatever months, the island owner is stuck with an ongoing expense that they have to scramble to find a new business model for. Benefit-wise, after a year, the island turns a small profit.

From the tennant's point of view, the rate is higher than 'at cost' but they can pull out and leave at any time without risking anything more than what they have paid for their use of the facilities. If the island owner has a change of heart and suddenly kicks them out, they lose at most 1 month's worth of rent. In the meantime they have full control of the island and all the benefits of owning the island, with a maximum risk of $450 each month.

----

So what do you think of my "counter proposal"? The flat rate is 50% higher for 12 months, but there's no need to split profits, and you still get all the other benefits of island ownership. Personally I think it's a fair arrangement for both sides, but if I've overlooked something please let me know.

-Atashi

_____________________

Visit Atashi's Art and Oddities Store and the Waikiti Motor Works at beautiful Waikiti.

Chaos Bikcin

Registered User

Join date: 10 Jun 2007

Posts: 296

10-12-2007 12:12

From: Atashi Toshihiko

I was thinking some more about this on my way home from work. I am a businesswoman and enjoy the business aspect of SL as much as anything else. So I'll throw out a 'counter proposal' and explain why I think it's fair.

1) The initial term would be 12 months and would be as firmly agreed to as is possible. After 12 months the agreement would be renegotiated (explained below.)

2) I would want the rental rate to be the L$ equivalent of US$450 per month. My calculations show this to be roughly L$125,000 per month. Doing business in L$ evens all the aspects from a currency conversion point of view - the tennant buys L$ however they see fit, and pays their side of the conversion rate, and the island owner converts to US$ and is responsible for their own fees when converting on their side. Using RL$ makes it very messy with exchange rates, service charges, etc. (OP is in the UK, I am in Canada, LL in the USA...)

3) The tennant would be allowed to name the island, name the estate, pick where on the world map the island goes, and would be given estate management status and allowed the run the island any way they see fit (provided it does not break the TOS or CS). Any covenant would be up to them to write but I would reserve the right to edit it or amend it if necessary.

4) I would want no percentage of any profits whatsoever. Profit sharing is an administrative burden on both parties.

5) After 12 months the rental rate would be lowered, to something like US$375 (this would be the part negotiated after the 1st year was up.) This would be dependant on LL not making any increases in tier etc.

So, here's my reasoning. At $450 per month the initial expense is paid for in about 11 months, with an extra month to cover any expenses incurred in terms of interest or other fees. It is a fixed rate and not dependant on market fluctuations, etc. After the first year, with the original expense paid for, it's then a matter of a small amount of profit each month. So the rental rate can come down.

Risk wise, the island owner is on the hook with LL for $295 every month regardless of whether the island is rented or profitable or whatever, plus the initial outlay and any interest they are paying. If the tennant chooses to leave after 3, 4, or whatever months, the island owner is stuck with an ongoing expense that they have to scramble to find a new business model for. Benefit-wise, after a year, the island turns a small profit.

From the tennant's point of view, the rate is higher than 'at cost' but they can pull out and leave at any time without risking anything more than what they have paid for their use of the facilities. If the island owner has a change of heart and suddenly kicks them out, they lose at most 1 month's worth of rent. In the meantime they have full control of the island and all the benefits of owning the island, with a maximum risk of $450 each month.

----

So what do you think of my "counter proposal"? The flat rate is 50% higher for 12 months, but there's no need to split profits, and you still get all the other benefits of island ownership. Personally I think it's a fair arrangement for both sides, but if I've overlooked something please let me know.

-Atashi

That really does sound like a whopping good deal, getting 2 choose the location & all, but i REALLY cannot afford $450, no matter how much i want to. the highest i can push myself to (meaning little food, or going out time,lol) is $375, that is as high as i can push it & that really is bricking it 4 me.

Profit splitting would be an automated process in L$ as i use Hipporent servers to handle all rentals and it has a build it splitting system

I really do like your deal and wish i could just go4 it. if $375 is ok with 50/50 i would go4 it

_____________________

www.felonhall.com

Chaos Bikcin

Registered User

Join date: 10 Jun 2007

Posts: 296

10-12-2007 18:44

BUMP (again)

_____________________

www.felonhall.com

Cristalle Karami

Lady of the House

Join date: 4 Dec 2006

Posts: 6,222

10-12-2007 19:08

Alicia is right, and this is the wrong place for this solicitation. Go to the appropriate classifed.

_____________________

Affordable & beautiful apartments & homes starting at 150L/wk! Waterfront homes, 575L/wk & 300 prims!

House of Cristalle low prim prefabs: secondlife://Cristalle/111/60

http://cristalleproperties.info
http://careeningcristalle.blogspot.com - Careening, A SL Sailing Blog

Susie Boffin

Certified Nutcase

Join date: 15 Sep 2004

Posts: 2,151

10-12-2007 20:48

From: Chaos Bikcin

2 reasons i posted it here, 1 it is a kind of question and 2 i wanted feedback and u cant reply 2 posts made in classified

I am trying very hard not to offend but you sound like a teen with your u and 2. I know I wouldn't trust someone who can't take the time to spell words.

_____________________

"If you see a man approaching you with the obvious intent of doing you good, you should run for your life." - Henry David Thoreau

Alicia Sautereau

if (!social) hide;

Join date: 20 Feb 2007

Posts: 3,125

10-13-2007 00:56

From: Susie Boffin

I am trying very hard not to offend

That`s an thing i really don`t care about so...

From: Chaos Bikcin

BUMP (again)

RETARD(still)

anyone spending L$1 in any form or way on you and i`ll classify them as that aswell

_____________________

Rhaorth Antonelli

Registered User

Join date: 15 Apr 2006

Posts: 7,425

10-13-2007 11:53

sounds like the same thing is happening to you as is happening to me, losing the sim you are building on

(still uncertain if I will get to continue with movix, only time will tell)

hell if I had 300US to toss someone to rent a sim, I would do as someone suggested, save it up till I have enough, then buy my own sim, and use that 300 a month to continue to pay tier

oh how I wish I could buy a sim.... someday I will ..... someday

meanwhile time to start taking pics making ads and put a lot of things I built on movix, up for sale.

Good luck with your venture, hopefully it works out for you

me on the other hand, job hunting again, anyone need a personal assistant, sim manager, builder, texture maker, script messer upper(yeah I can not script hehe)

if you need someone to do those odd things you hate doing, give me a shout, see what we can work out.

anywho... once again, good luck with your build

(funny how it can be heart breaking to lose something you worked so hard to do in SL)

_____________________

From: someone

Morpheus Linden: But then I change avs pretty often too, so often, I look nothing like my avatar.

They are taking away the forums... it could be worse, they could be taking away the forums AND Second Life...

Wanna rent an island for $300 per month and 50/50 on all profits
Atashi Toshihiko Frequently Befuddled Join date: 7 Dec 2006 Posts: 1,423	10-12-2007 12:04 I was thinking some more about this on my way home from work. I am a businesswoman and enjoy the business aspect of SL as much as anything else. So I'll throw out a 'counter proposal' and explain why I think it's fair. 1) The initial term would be 12 months and would be as firmly agreed to as is possible. After 12 months the agreement would be renegotiated (explained below.) 2) I would want the rental rate to be the L$ equivalent of US$450 per month. My calculations show this to be roughly L$125,000 per month. Doing business in L$ evens all the aspects from a currency conversion point of view - the tennant buys L$ however they see fit, and pays their side of the conversion rate, and the island owner converts to US$ and is responsible for their own fees when converting on their side. Using RL$ makes it very messy with exchange rates, service charges, etc. (OP is in the UK, I am in Canada, LL in the USA...) 3) The tennant would be allowed to name the island, name the estate, pick where on the world map the island goes, and would be given estate management status and allowed the run the island any way they see fit (provided it does not break the TOS or CS). Any covenant would be up to them to write but I would reserve the right to edit it or amend it if necessary. 4) I would want no percentage of any profits whatsoever. Profit sharing is an administrative burden on both parties. 5) After 12 months the rental rate would be lowered, to something like US$375 (this would be the part negotiated after the 1st year was up.) This would be dependant on LL not making any increases in tier etc. So, here's my reasoning. At $450 per month the initial expense is paid for in about 11 months, with an extra month to cover any expenses incurred in terms of interest or other fees. It is a fixed rate and not dependant on market fluctuations, etc. After the first year, with the original expense paid for, it's then a matter of a small amount of profit each month. So the rental rate can come down. Risk wise, the island owner is on the hook with LL for $295 every month regardless of whether the island is rented or profitable or whatever, plus the initial outlay and any interest they are paying. If the tennant chooses to leave after 3, 4, or whatever months, the island owner is stuck with an ongoing expense that they have to scramble to find a new business model for. Benefit-wise, after a year, the island turns a small profit. From the tennant's point of view, the rate is higher than 'at cost' but they can pull out and leave at any time without risking anything more than what they have paid for their use of the facilities. If the island owner has a change of heart and suddenly kicks them out, they lose at most 1 month's worth of rent. In the meantime they have full control of the island and all the benefits of owning the island, with a maximum risk of $450 each month. ---- So what do you think of my "counter proposal"? The flat rate is 50% higher for 12 months, but there's no need to split profits, and you still get all the other benefits of island ownership. Personally I think it's a fair arrangement for both sides, but if I've overlooked something please let me know. -Atashi _____________________ Visit Atashi's Art and Oddities Store and the Waikiti Motor Works at beautiful Waikiti.
Chaos Bikcin Registered User Join date: 10 Jun 2007 Posts: 296	10-12-2007 12:12 From: Atashi Toshihiko I was thinking some more about this on my way home from work. I am a businesswoman and enjoy the business aspect of SL as much as anything else. So I'll throw out a 'counter proposal' and explain why I think it's fair. 1) The initial term would be 12 months and would be as firmly agreed to as is possible. After 12 months the agreement would be renegotiated (explained below.) 2) I would want the rental rate to be the L$ equivalent of US$450 per month. My calculations show this to be roughly L$125,000 per month. Doing business in L$ evens all the aspects from a currency conversion point of view - the tennant buys L$ however they see fit, and pays their side of the conversion rate, and the island owner converts to US$ and is responsible for their own fees when converting on their side. Using RL$ makes it very messy with exchange rates, service charges, etc. (OP is in the UK, I am in Canada, LL in the USA...) 3) The tennant would be allowed to name the island, name the estate, pick where on the world map the island goes, and would be given estate management status and allowed the run the island any way they see fit (provided it does not break the TOS or CS). Any covenant would be up to them to write but I would reserve the right to edit it or amend it if necessary. 4) I would want no percentage of any profits whatsoever. Profit sharing is an administrative burden on both parties. 5) After 12 months the rental rate would be lowered, to something like US$375 (this would be the part negotiated after the 1st year was up.) This would be dependant on LL not making any increases in tier etc. So, here's my reasoning. At $450 per month the initial expense is paid for in about 11 months, with an extra month to cover any expenses incurred in terms of interest or other fees. It is a fixed rate and not dependant on market fluctuations, etc. After the first year, with the original expense paid for, it's then a matter of a small amount of profit each month. So the rental rate can come down. Risk wise, the island owner is on the hook with LL for $295 every month regardless of whether the island is rented or profitable or whatever, plus the initial outlay and any interest they are paying. If the tennant chooses to leave after 3, 4, or whatever months, the island owner is stuck with an ongoing expense that they have to scramble to find a new business model for. Benefit-wise, after a year, the island turns a small profit. From the tennant's point of view, the rate is higher than 'at cost' but they can pull out and leave at any time without risking anything more than what they have paid for their use of the facilities. If the island owner has a change of heart and suddenly kicks them out, they lose at most 1 month's worth of rent. In the meantime they have full control of the island and all the benefits of owning the island, with a maximum risk of $450 each month. ---- So what do you think of my "counter proposal"? The flat rate is 50% higher for 12 months, but there's no need to split profits, and you still get all the other benefits of island ownership. Personally I think it's a fair arrangement for both sides, but if I've overlooked something please let me know. -Atashi That really does sound like a whopping good deal, getting 2 choose the location & all, but i REALLY cannot afford $450, no matter how much i want to. the highest i can push myself to (meaning little food, or going out time,lol) is $375, that is as high as i can push it & that really is bricking it 4 me. Profit splitting would be an automated process in L$ as i use Hipporent servers to handle all rentals and it has a build it splitting system I really do like your deal and wish i could just go4 it. if $375 is ok with 50/50 i would go4 it _____________________ www.felonhall.com
Chaos Bikcin Registered User Join date: 10 Jun 2007 Posts: 296	10-12-2007 18:44 BUMP (again) _____________________ www.felonhall.com
Cristalle Karami Lady of the House Join date: 4 Dec 2006 Posts: 6,222	10-12-2007 19:08 Alicia is right, and this is the wrong place for this solicitation. Go to the appropriate classifed. _____________________ Affordable & beautiful apartments & homes starting at 150L/wk! Waterfront homes, 575L/wk & 300 prims! House of Cristalle low prim prefabs: secondlife://Cristalle/111/60 http://cristalleproperties.info http://careeningcristalle.blogspot.com - Careening, A SL Sailing Blog
Susie Boffin Certified Nutcase Join date: 15 Sep 2004 Posts: 2,151	10-12-2007 20:48 From: Chaos Bikcin 2 reasons i posted it here, 1 it is a kind of question and 2 i wanted feedback and u cant reply 2 posts made in classified I am trying very hard not to offend but you sound like a teen with your u and 2. I know I wouldn't trust someone who can't take the time to spell words. _____________________ "If you see a man approaching you with the obvious intent of doing you good, you should run for your life." - Henry David Thoreau
Alicia Sautereau if (!social) hide; Join date: 20 Feb 2007 Posts: 3,125	10-13-2007 00:56 From: Susie Boffin I am trying very hard not to offend That`s an thing i really don`t care about so... From: Chaos Bikcin BUMP (again) RETARD(still) anyone spending L$1 in any form or way on you and i`ll classify them as that aswell _____________________
Rhaorth Antonelli Registered User Join date: 15 Apr 2006 Posts: 7,425	10-13-2007 11:53 sounds like the same thing is happening to you as is happening to me, losing the sim you are building on (still uncertain if I will get to continue with movix, only time will tell) hell if I had 300US to toss someone to rent a sim, I would do as someone suggested, save it up till I have enough, then buy my own sim, and use that 300 a month to continue to pay tier oh how I wish I could buy a sim.... someday I will ..... someday meanwhile time to start taking pics making ads and put a lot of things I built on movix, up for sale. Good luck with your venture, hopefully it works out for you me on the other hand, job hunting again, anyone need a personal assistant, sim manager, builder, texture maker, script messer upper(yeah I can not script hehe) if you need someone to do those odd things you hate doing, give me a shout, see what we can work out. anywho... once again, good luck with your build (funny how it can be heart breaking to lose something you worked so hard to do in SL) _____________________ From: someone Morpheus Linden: But then I change avs pretty often too, so often, I look nothing like my avatar. They are taking away the forums... it could be worse, they could be taking away the forums AND Second Life...

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Wanna rent an island for $300 per month and 50/50 on all profits