Don’t forget to Renew your Membership in MassRealEstate.net and/or NewHampshireREIA.org if you’ve Expired, otherwise you’ll lose those important Benefits, especially the 4 Home Depot programs. Thanks, Mike Fellow Landlords, the first thing I do in Preparation for a Storm, Like the Nor’Easter we’re having right now (8:36pm 12/2) is to make sure all our Rentals […]
Continue readingWeekly Update November 22, 2019 AirBnB loses? Construction spending up (no kidding) & … from our Friend Brad Becker: Airbnb Spent Millions, Loses Fight in Jersey City We first posted about this last summer when Airbnb announced that they were fighting back against Jersey City (a NJ suburb of New York City) over new laws […]
Continue readingMy biggest surprises were Octobers Hottest Housing Market changes: Fort Wayne, IN went from #3 October 2018 to #1 October 2019 where’s that? Boston, MA went from #7 October 2018 to #19 October 2019 cooling? Manchester-Nashua, NH #26 October 2018 to #12 October 2019 Wow! Mike Realtors Ban Pocket Listings At their recent national meeting […]
Continue readingProperty Analysis Here’s an example of a Property analysis, make sure you’re comfortable with the Guidelines YOU use! Mike 1.Price/Square Foot 2.Cap Rate Net Operating Income = Capitalization Rate Purchase Price *NOI Gross Rental Income (annual) Vacancy Real Estate tax Insurance Maintenance NO PI! NOI_____________ 3.Rate of Return Net Income = RoR Investment 4.Income […]
Continue readingLandlords Checklist #102 A.Documents needed for any Housing Court appearances in Massachusetts: *Application *Lease *Statement of Conditions *Escrow Statement *blue Lead Form All Forms are available to Members at our website MassRealEstate.net in Member Links, Library, Landlording. It wouldn’t hurt to have a copy (on your cell phone*) of their government ID (Drivers License) & […]
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