Does stay here pay for the renovations? The show, “Stay Here,” arrived on August 17 on Netflix, where eight episodes take property owners from dismal to dramatic. The property makeovers in each case are significant – according to the show's host, renovation costs in several episodes exceed $100,000 – but cost details are not included in the show.
How much does it cost to renovate stay here?
The show, “Stay Here,” arrived on August 17 on Netflix, where eight episodes take property owners from dismal to dramatic. The property makeovers in each case are significant – according to the show's host, renovation costs in several episodes exceed $100,000 – but cost details are not included in the show. Click to see full answer.
Can a tenant stop paying rent when renovations begin?
If renovations begin, a tenant can’t stop paying their rent since they signed a lease, but they are within their rights to ask for a rent reduction especially if part of the unit is blocked off. For example, if a toilet or room was blocked off, a tenant could ask for reduced rent since they no longer have access to the entire property.
Can a tenant take legal action for renovations?
Tenants can also take legal action for construction work that takes place in their home. If a tenant proves renovations left them financially worse off, the landlord might have to provide compensation. For example, if a tenant’s personal property was damaged multiple times due to construction work, they could receive compensation.
Why should you hire tenants to renovate your property?
Tenants won’t be inconvenienced, and you can avoid having to find contractors that are available according to the tenant’s schedule. Since you have more time to schedule construction work, the renovations will get completed faster.
How does stay here TV show work?
Each episode starts with a property that just hasn't been able to gain much traction in the short-term rental market. Gorder and Lorimer consult with the owner or owners, find out what their goals are, and come up with design ideas. Then they shoo the owners away until the big reveal.Sep 13, 2018
How many seasons of stay here are there?
1Stay Here / Number of seasons
How many Harlan Coben series are on Netflix?
In 2018, he signed a multi-million-dollar five-year deal with Netflix to adapt 14 of his books into TV series, some of which have already come out. Here's your guide to Harlan Coben's Netflix shows, including what to look out for in the years to come.Jan 13, 2022
When was Stay Here filmed?
Episodes include a houseboat in Seattle, Washington, a brownstone in Brooklyn, New York, and a firehouse in Washington, D.C....Stay HereOriginal networkNetflixOriginal releaseAugust 17, 201816 more rows
What is the reveal after show?
This is a show that allows the imagination – and strategic home-rental business thinking – to test the possibilities.
Is "stay here" worth it?
“Stay Here” is still worth a good binge and could easily become a multi-season hit. The hosts come from important corners of expertise: Genevieve Gorder, the interior designer on the team, formerly hosted the TLC network’s “Trading Spaces.” Her sidekick is Peter Lorimer, owner of a successful Beverly Hills, California real estate brokerage. Together they understand aesthetics, value and higher-end clientele.
What is the new Netflix series "Stay Here" about?
Netflix’s new TV series, “Stay Here,” follows a formula familiar to fans of home renovation shows: Design saviors step in to transform an ugly duckling home into a swan — with a big reveal in which the owners are astonished when they see their renovated property for the first time.
What does Lorimer ask the owners of his houseboat?
Lorimer makes sure to ask the owners what their goals are for their property , which is a key step for any short-term rental host. In the first episode, for example, the owners of the Seattle houseboat want to cover their costs for the property as well as generate enough income to pay for child care for their baby daughter.
Does short term rental marketing stop?
However, the best short-term rental marketing doesn’t stop once the listing is done. Marketing should be constant for any short-term rental host, using tools such as social media, blogs, partnerships with other local businesses, and more.
Do short term rentals pay taxes?
Short-term rental lodging taxes, meanwhile, can be quite complex. These are actually paid by the guest, but you’re responsible for adding the right amount of tax to the guest’s bill, collecting the tax, and remitting the tax back to the government.
How to ensure renovations remain on schedule?
Work with contractors to ensure renovations remain on schedule and remain unobtrusive as possible by using incentives like a payment plan. Essentially, remember to be considerate and upfront. Make sure to document and keep copies of any communication that happens between you, the tenants, and the contractors.
What happens if a tenant's renovations are damaged?
If a tenant proves renovations left them financially worse off, the landlord might have to provide compensation. For example, if a tenant’s personal property was damaged multiple times due to construction work, they could receive compensation.
What is rent reduction?
A rent reduction or another type of rent concession is commonly used by landlords when renovating while tenanted. Although landlords are not legally obligated to offer rent concessions, it’s important to be considerate and professional. You don’t want to risk losing tenants or harm your professional reputation.
What happens during a planned vacancy?
During a planned vacancy all renovations are scheduled and completed when the unit is empty. This method ensures the tenant’s right to privacy and quiet enjoyment aren’t violated. Tenants won’t be inconvenienced, and you can avoid having to find contractors that are available according to the tenant’s schedule.
What happens if you don't take care of your rental property?
If you’re not careful, you could end up losing tenants or in small claims court . However, with clear communication and professionalism, you can avoid these situations and take the appropriate steps for improving your rental property.
What happens if a tenant claims they have been inconvenienced?
If a tenant claims they have been inconvenienced, displaced, or otherwise, it could be a breach of the lease. It’s important to remember that landlords are obligated to protect the tenant’s privacy and their right to quiet enjoyment. ...
How to avoid getting sued for renovating?
Creating a fair agreement, sending the proper notices, and practicing clear communication will help you avoid getting sued. If you decide to renovate while tenanted, knowing your tenant’s rights and your rights as a landlord is essential.
