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INVENTORY Update from my earlier blog (Patti Walker)

By Patti Walker

Home Stager with 360 Home Staging

April 05, 2007 07:52 PM

There seems to be a lot of different views on how to charge for personal inventory.

Rule of thumb I use 25% of retail price (not the bargain sales price).

To simplify, I enter retail price, then to the right enter what % the rent would be. The rental rate is already figured and saves me reinventiny the wheel each time I need the piece.

Since we stagers are "creative geniuses" I oten group several items for the same room. Then lump the price. I never itimize the amount they are paying for each article on the clients invoice (causes concern). Therefore, I might list: Mstr Ba, 2 towel sets (mauve and blue) 1 floral (mauve, rose,blue), spa basket (list contents), picture (floral) etc. then list one price for the entire room. Continue with each room, kit, liv etc.

Happy Staging!

Patti B. Walker, ASPM, IAHSP

360house Stagers Meridian Idaho

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Luke Constantino

Brooklyn/Manhattan Real Estate - Brooklyn, NY

Residential/Commercial Real Estate Brooklyn NY

Way to go Patti! We don't do much staging here but we should!

And my towels are purple!

Apr 05, 2007 09:39 PM

Darlene Raymond

Staged Right - Beverly Hills, FL

Great post, Your right, It make sense to group the rental price, for separate pieces in one room

Apr 05, 2007 11:47 PM

Sandra Hughes

Redesigned Spaces - Northern Virginia - Fairfax, VA

Redesigned Spaces - Fairfax County, Virginia

Patti, I like the 25% idea - that was what I am thinking about but was afraid the total room prices would be too high and scare people. What is your approximate average price per room?

Apr 06, 2007 12:45 AM

James Frazier

James Frazier Personal Development Coach - Rockford, IL

Patti, Is that 25% for one month or for the length of the contract? Or do you have some set amount of time like two months?

Apr 06, 2007 10:24 AM

Margaret Ann Innis

Decorate To Sell - Merrimack Valley Real Estate Staging - Andover, MA

Real Estate Staging - MA & NH

Hi Patti! Thank you for sharing - we get stuck on these numbers a LOT! It is good to see it in black and white!

Thank you and Happy Easter!

Apr 07, 2007 12:41 PM

Maureen Bray Portland OR Home Stager ~ Room Solutions Staging

Room Solutions Staging, Portland OR - Portland, OR

"Staging Consultations that Sell Portland Homes"

Patti,

Wow I would love to charge 25% of retail for my inventory! I've been getting only 15% of the bargain basement prices I paid for it -- in my market people are just not willing to pay the higher monthly cost. How do you convince them to -- any secrets you can share? Thanks for any tips.....

Apr 07, 2007 06:28 PM

You are up at 2:52 AM! Love it! There was a moose in my neighbor's yard last night!

Apr 13, 2007 01:16 AM

Dan Woodworth

The Connection - Garden City, ID

Encouraging Communicator

Hi Patti,

I am new to Active Rain. I appreciate you insightful ideas!

Apr 28, 2008 10:20 AM

Hi Patti - Inventory & Pricing! Thanks for your insight! Do you do photos too? Margaret

Aug 20, 2008 01:07 AM

Terrylynn Fisher

Dudum Real Estate Group - BuyStageSell.com - Walnut Creek, CA

HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.

Patty, GOOD to see you here. Hope all is well, Need more of your wisdom here on AR...Terrylynn

Aug 20, 2008 07:42 AM

Anonymous

Inventory POS System

I like your article and it really gives an outstanding idea that is very helpful for all the people on web.

Jan 06, 2011 11:28 PM

#11

Jan 06, 2011 11:31 PM

#12

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