(MA) 617-297-8641 (RI) 401-641-5774

Contact@MandrellCo.com

Do You Have A Bank America Pre-Approval? 4 Reasons You Should Toss It In The Trash!

 Thinking about getting your home loan with the same institution where you do your banking? This may not be the best option for you if you bank with a large commercial lender. Here are 4 reasons why going smaller is better when you shop for a mortgage.

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Save Cash & Do Your Own Home Inspection 1st – 5 Things You Must Look For!

Willie Mandrell of The Mandrell Company breaks down 5 red flags that you can uncover on your own while searching for a home or investment property. You don’t need to spend money on a home inspector if you know what to search for. Discover the 5 “big money” elements of any New England home and how to avoid buying a bad piece of real estate! Hit play and listen in!

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East Boston Multifamily Sales & Rental Market Data

Are you a current or aspiring landlord in Massachusetts? No matter how many years you have in the rental business, fully understanding your local market is one the most important thing you can do to ensure your long-term success.  Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your apartments rent for in comparison to your neighbors. Should you be increasing rents?

Here are East Boston’s multifamily sales and rental market statistics for the last 6 months.  

Total Multi-Family Listings SOLD: 44

Average Living Area by Square Feet: 2,462.00

Average Listing Price: $615,435

Average DOM (Days on Market): 66.98 Days

Average Sales Price: $610,560

Average Rent for 1 Bedroom Units: $1,677

Average Rent for 2 Bedroom Units: $1,943

Average Rent for 3 Bedroom Units: $2,307

Average Rent for 4 Bedroom Units: $2,875

I Want To Know My Home’s Value!

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

http://www.EastBostonHomeValues.com

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In our latest series of educational webinars, we explored the topic of self managing your rental properties vs. hiring a property manager. In the fourth and final section of the webinar, we talk about six ways to create more value in Boston rentals, creating a “preventative maintenance schedule” and should you hire a professional and what do they charge.

For more resources and tips on managing your properties, please contact us.

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