0%

YOUR LOCAL REAL ESTATE AGENT IN PARIS
WHETHER BUYING, SELLING OR RENTING
YOUR LOCAL REAL ESTATE AGENT IN PARIS
WHETHER BUYING, SELLING OR RENTING
Menu

A lesson in property management

Posted on by

When leading academic and best-selling author Professor Randall Hansen was looking for a property in Paris, VINGT Paris helped him to find his perfect place. Today, they continue to manage his apartment, renting it out on his behalf, thereby giving him complete peace of mind when he is back in his native Canada

Interview: Caroline Harrap

 

IMAGE: Professor Randall Hansen pictured at the University of Toronto

Professor Randall Hansen is professor of political science at the University of Toronto, where he is also interim director of the Munk School of Global Affairs (Photo (C) Photo Munk School)

While many people may dream of owning their own place in Paris, it isn’t always possible for them to live here all year-round – which is when the property management service of VINGT Paris can prove invaluable. In short, it means that the client can rent out their apartment the rest of the time, safe in the knowledge that it is being well taken care of, and knowing that VP will also secure good reliable tenants. What is more, there is the added attraction of a guaranteed revenue stream.

One person who knows first-hand how well the process can work is leading academic and author Professor Randall Hansen – who recently hit the headlines when his book about the Second World War, Fire and Fury, shot back into the best-seller lists after Michael Wolff’s Trump exposé was given the same name. A professor of political science at the University of Toronto, where he is also interim director of the Munk School of Global Affairs, Professor Hansen spends most of his time in his native Canada. However, as a self-confessed Francophile, he also likes to spend every summer at his apartment in Paris while renting it out through VINGT Paris the rest of the year.

“Knowing that VINGT Paris are taking care of things while I’m away gives me complete peace of mind,” says Professor Hansen. “Indeed, I can’t imagine having a property leased in Paris without this support. I know that whenever anything goes wrong – for example, a fire alarm went off a couple of weeks ago, a false one thankfully – that the team will be on it. It makes my job – and life – very easy.”

IMAGE: Lounge and dining area of Professor Hansen's apartment, which is looked after by the property management service of VINGT Paris

Professor Hansen’s lovely apartment in the Montorgueil area of the 2nd arrondissement

A firm francophile

For Professor Hansen, his Paris story began in the late 1990s when he was a student at the world-famous university, Sciences Po, part of the Paris-Sorbonne. Later, he would come to the city on business and occasionally for holidays. Invariably on these trips, he would find himself in his old neighbourhood, the famous foodie district of Montorgueil in the 2nd arrondissement, daydreaming of owning a flat there.

“It was something of a dream for many years, and I kept an eye on the property market, which was generally very buoyant,” says Professor Hansen. “After Hollande became President, however, prices dipped, and Paris became an unlikely buyer’s market at a time when London and Berlin were charging forward. Add to that rock-bottom interest rates, and it seemed like the time to move.”

That said, competition for apartments was, and still is, fierce – especially for the size Professor Hansen was looking for at around 30-35m2. Indeed, as the size of the apartment falls, square metre prices rise, due to the huge demand. He also wanted something that was quiet, and a place with plenty of natural light, which in central Paris are both challenges. Fortunately, that was where VINGT Pars come into the story.

IMAGE: Bedroom of Professor Hansen's apartment, which is looked after by the property management service of VINGT Paris

The apartment is light and airy throughout – something that is not always the case in central Paris

“VINGT Paris, and particularly Susie Hollands, were incredible,” says Professor Hansen. “She explained the process, identified the properties, came with me to open my Parisian bank account, and arranged the mortgage. I had dealt with a number of London-based firms that wanted to charge me a huge amount of money to arrange a mortgage and nothing else. For a reasonable fee, VINGT Paris took care of everything. It was one of the easiest property purchases I’ve made in a city in which it is notoriously difficult to acquire property.

“What is more, the apartment itself is a real gem. Unusually for Paris, it has an open feel to it, with windows in each room giving onto the courtyard and rooftops of neighbouring buildings. It’s also in an excellent location, just a few minutes from rue Montorgueil and its multiple cafés, boulangeries, and patisseries”.

IMAGE: The front of the apartment building

The attractive exterior of the apartment building

Living like a local

Today, Professor Hansen loves his double-life spending time between the two countries – and who can blame him? On his doorstep, he has places to buy fine wines, artisan cheese and great coffee, as well as lovely cafés in which to sit and watch the world go by. What is more, with The Louvre, Centre Pompidou and Marais all close by, he can also walk everywhere. “Only Rome can compare as a city in which to lose oneself in street after glorious street,” adds Professor Hansen. “And, unlike in Rome, you can easily escape the crowds and enjoy some quiet contemplation of the city’s beauty.” Finally, when he’s away, he has the security of knowing everything will be taken care of by the team at VINGT Paris.

“Susie’s enthusiasm, competence and determination are so inspiring,” he adds. “Working with her was – and is – a dream.”

 

  • To find our more about VINGT Paris’ property management services, click here
  • To discover more about Professor Hansen’s latest books, see here

Professor Hansen’s top tip for Paris buyers:

“Be prepared to sacrifice space for location. One’s experience of Paris is radically different if one is on the edge of the Périphérique rather than in the centre of Paris.”

 

 

 

  • Price: €POA