Are you in the process of getting licensed as a Massachusetts real estate agent? Are you not happy with your current firm and looking for a change? In either case , consider joining The Mandrell Company! The real estate industry can be a very fun and rewarding business if you work hard align yourself with the right people in the industry. The Mandrell Company is a residential & commercial real estate brokerage firm and we specialize in multifamily purchases and sales as well as working with rehab investors.
Why do we focus on this particular market?
- Real estate Investors buy & sell multiple properties! Working with real estate investors can allow you to do 20+ sale per year while only need 3-4 different clients. Many investors will buy property directly from the listing agent, rehab the property, and then say thanks by giving the property back to you to sell to an end buyer. At minimum you achieved 3 “deal sides” in this scenario! Even multifamily buy and hold investors are repeat clients and are very loyal to us.
- Real estate investor buy with cash so you avoid the hassles that come with dealing with bank mortgage brokers and preapproval letters. Cash purchases also allow investors to close sooner because they avoid bank appraisals and the need to wait on loan commitments.
- Investor often waive the option to do a home inspection. Most investors are savvy buyer and know their way around a project. They are buying for the purpose of rehabbing the place and don’t need a home inspector to come in and point out minor damaged. No home inspection mean the closing timeline is shorten and you get paid sooner!
The Mandrell Company has a very larger network of local and national real estate investor and they’re all looking for their next project. Our firm is searching for good agents to help us locate and feed our investors good deals. We have all the marketing tools and training necessary to make you successful, we just need motivated and intelligent people that want to make money. We’re hiring agents all over Massachusetts! All of our company systems or web based so we do not require you to work in our office! Work from home or from your private office and receive very competitive commission payouts!
Outside of the great money you can make with TMC, we offer a very good opportunity for you to learn a ton about real estate investing. We operate two investment groups in the state; (Boston Wealth Builders & Metro West Real Estate Investors) where we teach many new investors how to build long term wealth through real estate.
Interested in joining the firm? Still have questions? Email us at Contact@MandrellCo.com or call 617-297-8641. You can also read more about this position at MandrellCo.com/CareersRead more
Your tenant’s move in day is a very important time for you as a landlord. Move in day sets the tone for how your tenant(s) will view your apartment business during their tenancy. If you’re organized and professional most tenants will show you the same level of respect. On the other hand if you are, sloppy and unorganized you will be setting yourself up for headache as your tenants will see you as such and treat you poorly during their stay. Here are a few quick ways to make a good first impression to future tenants.
- Create an apartment walkthrough checklist. This checklist should be used a guide so every aspect of the apartment is reviewed by you and the tenant on their first day. Your checklist should include a review of flooring, walls & ceilings, windows, cabinets, doors, and everything else in the apartment that could be damaged during the tenants stay. This checklist tells the tenant that you will also be looking at these same items on the day they move out and you expect them to be in the same condition…minus normal wear and tear.
- Make sure you have a copy of the apartment keys ready for the new tenants. This seems like a no brainer, but many landlords forget this simple step and cause themselves lots of running around the day of move in. You should also consider changing the locks depending on your apartment building and neighborhood. Many tenants come to expect that the locks will be changed and you should be prepared to manage this expectation.
- Briefly go through the lease and rules of the building again. For some, moving is a very involved and emotional experience and sometimes things get mis-understood or loss during the shuffle. It’s a good idea to remind your new occupants of the rules and regulations of the building.
- If you didn’t already have a W9 form completed by your tenant, now is a good time to collect this. If you are collecting a security deposit from your tenant, than it need to be placed into an interest bearing bank account (separate from your personal funds) during the tenants stay. To open this landlord-tenant account, the bank will require this form from you. This account also allows any interest earned on the deposit to be accredited to the tenant as well as saves you from paying taxes on that interest.
Right now is a great time to be in the Massachusetts house flipping business! Real estate prices are seeing steady growth and home buyers are feeling comfortable again. The key to success in the rehabbing business is to have a great team of industry professionals around you. There are so many steps involved in from the initial purchase of the property to the final sale, that you would be wise not to do it all yourself. The best flippers in the business build a good team of experienced people they can trust and that are experts in their areas of the business. Two industry professionals every rehabber must have in their corner are a good Real Estate Broker and a Money Man… a source of quick capital.
There are many real estate agents out there but only a few that truly have the experience and understanding of the Massachusetts house flipping business. You’ll want to find an agent or team of agents that understand what an investor is looking for and can locate homes that are potential flip candidates. The real estate agent you want is the one that can immediately see potential in a rehab project but can also steer you away from potential trap properties. The team member you’ll want can help you determine the property’s ARV (after repair value), has experience with the construction process and can help you determine the proper finishes buyers are looking for in for in that particular neighborhood. A good Realtor understands you’re in the business to make a profit and will often run the numbers themselves prior to bringing you a deal. This saves you a bunch of time from checking on properties that don’t make financial sense.
Having a good private or hard money lender by your side is also curial to your success. Many of the best deals come from sellers who need out of their homes quickly. Having access to quick cash give you the ability to close sooner and make your offer more attractive than someone searching for financing. Often rehab homes are in such bad shape that banks will not loan on the property and the seller absolutely needs to find a cash offer. The best way to find money sources is through networking with other investors and industry peers. You ideally will want to make some early connections so when you have a flip deal presented, you already have the mean to pursue it.
Want to build a good team of professionals quickly? Join a local real estate investment group. Two great groups in Massachusetts are Boston Wealth Builders and Metro West Real Estate Investors. Join one or both groups and meet local real estate investing professionals. Find money sources, contractors, suppliers, legal representation and more. You can also meet other investors who could potentially become partners in your house rehabbing venture.Read more