A La Carte Smogasbord
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A La Carte Smogasbord (by Oreo [WI]) Sep 9, 2023 11:21 AM
       A La Carte Smogasbord (by 6x6 [TN]) Sep 9, 2023 4:30 PM
       A La Carte Smogasbord (by Oreo [WI]) Sep 9, 2023 6:20 PM
       A La Carte Smogasbord (by S i d [MO]) Sep 10, 2023 5:30 AM
       A La Carte Smogasbord (by 6x6 [TN]) Sep 10, 2023 12:45 PM
       A La Carte Smogasbord (by David [MI]) Sep 10, 2023 12:56 PM

A La Carte Smogasbord (by Oreo [WI]) Posted on: Sep 9, 2023 11:21 AM

This year, pre check in at the hotel we stay at for our annual trip has opened up the options for a buffet of A La Carte options this year. With some tweaking many could be used for padding rental income or for short term stays where they are allowed. Some examples:

-anything that will make your stay more enjoyable/comfortable

-local pizza delivery between 4-8pm

-discounted tickets for venues, i.e. local attractions in the area

-see if you qualify for an upgrade: shows rooms with more amenities than you have booked

-daily wake up call

-early checkin, late check out, super late check out

Each option to choose from has a price tag.

-I fully expect the selection for room service: daily, every other day, none, to have price tags in the future

I remember two tenants that wanted a cleaning service every week so I suggested a service I had used and was good that they hired. I could likely have that as an option for a one time fee, then they would pay the cleaners.

If you have more than one unit open, you could suggest an upgrade for that unit with XX more. Especially if you have been having trouble renting it but getting lots of inquiries for the unit you are showing, i.e. you are showing a one bedroom with lots of interest, takers and qualified but have a two bedroom not so much. Offer the two bedroom for XX more. I've done that in the past with no upgrade fee, but in the future will consider adding one. Every one asking for a one bedroom that I showed the two bedrooms to took them and was thrilled.

Jeffrey long ago had the upgrades covered by suggesting a few options a tenant could choose from for an extra amount. --75.11.xx.xx

A La Carte Smogasbord (by 6x6 [TN]) Posted on: Sep 9, 2023 4:30 PM

One thing seems for sure, people can't wait to spend every penny that they have and don't have. May as well be on the receiving end of that I guess. I have a hard time with it because I think costumers are stupid for falling for it. I guess I keep thinking and hoping that people will wake up one day and realize what they are doing. Then again, maybe I shouldn't wish for that but wish that I would change my thought process. In the meantime, I will pinch my pennies. --73.190.xxx.xxx

A La Carte Smogasbord (by Oreo [WI]) Posted on: Sep 9, 2023 6:20 PM

6x6 I'm with you and applaud you. Always following your posts from how you grew up, your success and frugality.

I don't understand how or why so many want to spend every dime and be in debt. I'm not seeing any good examples of budgeting from our leaders and don't know what parents are teaching their children since we don't have any we mingle with.

We are frugal and it's served us well, and able to enjoy life. When I look back at how simple life used to be I find joy right in our own backyard, watching all that nature provides.


A La Carte Smogasbord (by S i d [MO]) Posted on: Sep 10, 2023 5:30 AM

To the point of people spending every penny: it's almost foolish to save money in a high inflation environment, which we've had recently.

The US economy is driven by consumers, not savers. This is unfortunate, because many people who live to retirement age find themselves with little saved to live on, but they are still in a consumer mindset.

The important thing to watch is how one uses the money. I don't leave a whole lot of cash sitting in the bank: most of it is deployed into real estate which defeats inflation.

I didn't have much luck with the smorgasbord approach. The only one that anyone showed interest in was appliance rental, but I'm not interested enough in that even for the small addition that would bring. Appliances are finicky, and the minute they stop working 100% the tenants want all rent abated and $200 for their lost groceries. Plus I don't have a johnny-on-the-spot repairman or appliance swapper. I provide appliances (fridge and stove) as courtesy only. No warranty, no guarantees, no added rent.

I rent Class C units: safe, clean, functional. Maybe smorgasbord works better in B or A units?


A La Carte Smogasbord (by 6x6 [TN]) Posted on: Sep 10, 2023 12:45 PM

Oreo, thank you.

Sid, I have unfortunately learned the hard way what inflation is and what it does to savers. I didn't understand any of this until I found this forum and started asking questions. Even then I didn't understand it completely until just going through this recent time of inflation. Now, I am starting to get a better understanding. It seems very difficult to switch gears after years of self-discipline to do the only thing that I could think of to make my life better than I had been brought into. It has been a long, hard road just to get to the point of realizing that I should have gone in a different direction. However, I am not giving up and am in search of the right choices. You are right in that the economy is driven by consumers; I just don't like the idea of being a consumer. I disciplined myself to the point of being ridiculed by many whom don't have good credit. I like reading the suggestions that you make about use of money. I don't like the idea of debt, but I need to make the right choice of how to use the money and not having it sit around being eaten by inflation.

AS far as the smorgasbord, it does seem to be a growing trend that I should probably try to offer but not use myself as a consumer.


A La Carte Smogasbord (by David [MI]) Posted on: Sep 10, 2023 12:56 PM

"it's almost foolish to save money in a high inflation environment, which we've had recently." Say what now? Almost two years ago we had those 9% I savings bonds. CDs are paying 5-5.5% . It's silly to say there's high inflation and ignore the fact that the fed has raised interest rates. The higher mortgage rates also means putting money into real estate is less attractive.

As for smorgasbord, the rent amount I advertise is for a 3year lease. Tenants can opt for a 2year lease for $100 more a month. If I have multiple vacancies, I will offer to show an applicant others based on their feedback at the showing .


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