‘Lockdown has been a been a kick in the teeth’

Leading residential HMO landlord, hotel operator and property expert Jimmy London reveals the challenges his businesses have faced during the Coronavirus crisis. Busy landlord Jimmy London is coping with a lack of income from his two hotels as well as managing rent losses from his large property portfolio. As the owner of House 2 Home, […] ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - ‘Lockdown has been a been a kick in the teeth’ | LandlordZONE.

‘Lockdown has been a been a kick in the teeth’

Leading residential HMO landlord, hotel operator and property expert Jimmy London reveals the challenges his businesses have faced during the Coronavirus crisis.

Busy landlord Jimmy London is coping with a lack of income from his two hotels as well as managing rent losses from his large property portfolio.

As the owner of House 2 Home, a property management company which sub-lets HMOs to tenants, he also runs online rent-to-rent training courses and is now looking to buy a portfolio of 15 residential properties on lease option for £2.2 million to turn over to HMOs.

He’s £11,000 down from his large portfolio of 30 HMOs around the South-East where some of his 200 tenants are battling the effects of Covid-19. London has also been hit hard by cancellations in the hospitality industry and had to delay the opening of his new hotel above the famous Bill Nicholson pub next to Tottenham’s ground in the capital.

“My friend bought the freehold, I lease the pub and transformed the upstairs into 10 serviced rooms,” says London. “The lockdown has been a been a kick in the teeth.”

London also has run a nine-bed hotel in Leigh-on-Sea in Essex for the last three years which is closed with all staff furloughed and bookings refunded.

Says London: “I run that at 95% occupancy, six days a week, which I’m really proud of. We had bookings in May and June but I’ve refunded people as it wasn’t fair to keep their money.”

He adds: “I’m also owed about £11,000 in rent because some of my tenants have lost their jobs, but I’m working with them – I don’t want the mickey taken.”

However, he remains positive and feels confident that the businesses could even survive until Christmas if they had to.

“I’m making sure things are all ticking over at the hotels each week and on the phone a few hours a day working. I’ve got a good team around me and it’s really important to communicate with them all and to make sure everyone’s OK and safe. I won’t let Covid-19 pull down my businesses.”

Read another landlord interview.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - ‘Lockdown has been a been a kick in the teeth’ | LandlordZONE.

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Must-See Wavy Masterwork by Architect Arthur Dyson Available for $600K

Designed for a buyer who appreciates bold vision! This roof of this distinctive home mimics ocean waves and is covered with cedarwood shingles. The post Must-See Wavy Masterwork by Architect Arthur Dyson Available for $600K appeared first on Real Estate News & Insights | realtor.com®.

Must-See Wavy Masterwork by Architect Arthur Dyson Available for $600K

When Nico Lencioni was in kindergarten and his teacher asked the class to draw a house, he surprised her by drawing a wavy, elliptical figure, not the typical rectangle with a triangle on top.

“The teacher said, ‘That’s not what a house looks like’, and he said, ‘Yes, it is,’” says Nader Assemi, the listing agent for a unique home hidden in the trees on N. Rio Vista Avenue in Sanger, CA.

Nico’s parents invited the teacher over to their home for a visit, to see for herself. The teacher, not surprisingly, was amazed when she saw the house.

“Everyone basically has this ‘Wow!’ reaction, and it’s pretty polarizing: You either love it, or you hate it,” Assemi says of the home, which is now listed for $599,000. Its roof mimics ocean waves and is covered with cedarwood shingles.

“It’s just so unconventional, but inside, it’s a regular house,” says Assemi.

The home has three bedrooms and three bathrooms in 1,845 square feet, and its ceilings are 21 feet high. It comes with 6.22 wooded acres on Collins Creek at the base of the Sierras and Sequoia National Park, about 20 minutes from Fresno, CA.

Exterior detail

Stephan Alvin

Driveway

Stephan Alvin

“It’s completely hidden. If you look at it on a satellite view, it’s just like 100% wooded, overgrown with honeysuckle and sycamore trees,” Assemi says.

“The driveway is walled vegetation, and then they created this clearing, and boom!—the house sort of reveals itself as you come down the driveway.”

Interior

Stephan Alvin

In 1986, the schoolteachers Dennis and Deborah Lencioni, who were then 25, commissioned architect Arthur Dyson to build them a home on a shoestring budget.

Dyson is now 80 years old and has built more than 700 buildings, many in the Fresno area. Dyson was an apprentice for the legendary architects Frank Lloyd Wright and Bruce Goff, and by the mid-’80s, had already designed a number of notable residences.

According to Assemi, Dyson’s creative process includes having homeowners fill out multiple-page questionnaires describing their likes and dislikes.

The Lencioni home reflects the couple’s interests. The family wanted openness—even the upstairs bedrooms are open, with no full walls separating them from the rest of the house.

Interior

Stephan Alvin

“This house was very much designed for the way [the Lencioni] family lived. The master bedroom has this giant hole in the wall, like a circle, that basically opens out into the family room down below,” Assemi says. The same goes for another bedroom, which cannot be completely closed off.

The lack of privacy meant that any family member could talk to anyone else at basically any time.

“It was very much designed for the way they wanted to live at that time, and the interesting thing is, [Mrs. Lencioni] would never build that house again today,” Assemi explains.

Open bedroom

Stephan Alvin

Dennis Lencioni died in 2003, and Deborah has since remarried and now lives in another Dyson-designed home. She has made this one available for short-term rentals, at around a $200 a night.

“Writers, musicians, have come through and rented it for a week at a time. It very much has that retreat vibe,” Assemi says.

The dense vegetation, he adds, makes it feel about 10 degrees cooler than the surrounding area.

“It’s literally like once you enter the driveway—it’s very cliché—but it’s like time stands still a little bit. You are transported to someplace totally different, because it’s completely isolated.”

Inside, the free-form home celebrates nature and organic architecture, with extensive use of wood and glass. The owner’s late husband was a blacksmith and designed the staircase and other metal accents himself.

“It’s unbelievably heavy and is all plate steel,” Assemi says. He notes that the home may require some work from a buyer who appreciates this home’s bold vision.

Interior

Stephan Alvin

The home has won several awards, including the 1989 Honor Award for Design Excellence from San Joaquin chapter of the American Institute of Architects. It’s also been featured in many magazines and television programs, including a 2012 episode of HGTV’s Extreme Homes.

“Almost everybody has some initial reaction to it,” says Assemi, adding that the photos of the home, however spectacular, really don’t do it justice.

He says the perfect buyer will be someone looking for something special.

“It’s someone who is a little earthy and wants to be in touch with nature—and is OK challenging the status quo.”

Exterior

Stephan Alvin

Garage

Stephan Alvin

Kitchen

Stephan Alvin

Interior

Stephan Alvin

Bedroom

Stephan Alvin

Bathroom

Stephan Alvin

Bedroom

Stephan Alvin

The post Must-See Wavy Masterwork by Architect Arthur Dyson Available for $600K appeared first on Real Estate News & Insights | realtor.com®.

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