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


Dear Malden and local North Shore Landlords,

My name is Joe Rodriguez and I am a Licensed Realtor, and fellow Landlord on the North Shore. If you have an apartment(s) for rent, I would love to assist you in finding and placing the ideal tenant. As a real estate professional living and specializing in your rental market, I work directly with the most qualified tenants around, and currently have several such tenants looking for rental space.  I would love to visit your rental, take some pictures to begin showing it to my very interested client base, as soon as possible. If you list your rental with me and he Mandrell Co we will take care of your tenant’s application, credit checks, employment and background checks, lease agreements and more. Our services include:

  • Showings: We coordinate all showings of your vacant unit and allow you to relax and no have to worry about taking phone calls from non-qualified individuals.
  • Tenant Applications: We collect all tenant applications which includes all necessary documentation to verify the application information is correct.
  • Background Check: Our office conducts a series of criminal and sex offender checks on all applicants. We want to ensure you’re tenant is who they say they are.
  • Employment Verification: We contact the current employer of all applicants to verify their work  status and ensure their income was stated properly.

When you list your rental with me and The Mandrell Co, we will handle everything for you from start to finish. . The best part about listing your rental with us is that there is absolutely no charge to you for our services!

Please contact me if you’re interested in placing a well qualified tenant in your rental or if you have any questions about what we offer.

I look forward to working with you.


Your North Shore Real Estate Specialist, Joe Rodriguez


Joe Rodriguez Real Estate ProContact Me: (401) 641-5774




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Live In Boston & Receive An Annual Break On Your Property Taxes!

Do you own property in the city of Boston? Do you plan to make a purchase in the near future? In either case you should know that the city offers an exemption from paying a portion of your property tax bill every year. This residential tax exemption is for those individuals who and own and live in their homes (no exemption given to landlords).  Per CityOfBoston.gov – “Taxpayers who own and occupy their home can save on their tax bill by having a portion of their tax bill exempted from taxation. To qualify for the residential exemption, homeowners must own and occupy their home on January 1 preceding the start of the fiscal year.”

In 2015 the residential tax exemption amount is $1,852. That’s a tax break of over $150 per month.

How is the exemption calculated each year? The fiscal year residential exemption is 30% of the average value of all residential property in the City. This number is recalculated by the city each year to determine the current exemption.

How can you apply? To verify eligibility, your Social Security Number is required for identification purposes. The information will be kept confidential and be used solely to confirm a personal income tax filing from your address with the Commonwealth of MA Department of Revenue. You can find more information and download an application by visiting http://www.cityofboston.gov/assessing/exemptions/resexempt.asp
Did you find this helpful? Follow our blog (top right hand corner) to receive more useful buying, selling and homeowner tips!



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Purchase A $350,000 Home With An FHA Loan & Down Payment Of Only $12,250

Have you considered buying a home but can’t afford a 20% down payment on the mortgage? You’re not alone! Many home buyers (especially in New England) cannot afford to shell out $40,000 – $80,000 just to get into your average Boston home. Fortunately there’s another option. FHA (Federal Housing Administration) loans are extremely popular mortgage programs because of their lower down payment requirements and less stringent lending guidelines. With this mortgage program, home buyers can obtain a home mortgage with as little as 3.5% of of the purchase price. For your average Massachusetts home (approximately $350,000) that roughly $12,250…a much more affordable and achievable number.  FHA borrowers can use their own savings to make the down payment, but other allowed sources of cash include a gift from a family member or a grant from the government. Another benefit to the FHA program is that is allows individuals with less than perfect credit to obtain a loan. Borrowers need a credit score of just 580 or higher to meet requirements.

Note: An FHA loan may also used to purchase a 2-4 four family home. Many individuals purchase their 1st investments property with FHA or similar “owner occupied” home loan. FHA does require that an individual move into the property for a specific period of time but does not require the borrower to remain in the property for the life of the loan. Talk to your local real estate agent and mortgage broker about whether or not this program is good tool for your purchasing needs.

The FHA allows home sellers, builders and lenders to pay some of the borrower’s closing costs, such as an appraisal, credit report or title expenses. Because the FHA is not a lender, but rather an insurer, borrowers need to get their loan through an FHA-approved lender (as opposed to directly from the FHA). Not all FHA-approved lenders offer the same interest rate and costs — even on the same FHA loan.

The FHA has a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage of this type of loan, called a 203(k), is that the loan amount is based not on the current appraised value of the home but on the projected value after the repairs are completed. A so-called “streamlined” 203(k) allows the borrower to finance up to $35,000 in nonstructural repairs, such as painting and replacing cabinets or fixtures.

For more information about FHA loans to get yourself pre-approved for a mortgage, please give us a call at 617-297-8641. We can connect you with one of our local mortgage specialist and get you on your way to home ownership.

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What are 2-4 family homes selling for in Attleboro, MA?

 Are you in the market to buy or sell a 2-4 family building in Attleboro or a surrounding neighborhood? Do you have an empty apartment or a tenant scheduled to move out?  If you’ve answered yes to either of those questions, you should absolutely take a look at the sales and rental numbers below. These stats represent the local Attleboro real estate activity over the last 6 months. Understanding your sales and rental market is key to your long term success as a landlord and rental property investor.

Multifamily Family Sales

Total Homes SOLD: 21

Average Living Area by Square Feet: 2,822

Average Listing Price: $246,046

Average DOM (Days on Market): 61.23

Average Sales Price: $232,412

Local Rental Rates

Average Rent for 1 Bedroom Units: $746

Average Rent for 2 Bedroom Units: $1,159

Average Rent for 3 Bedroom Units: $1,420

Average Rent for 4 Bedroom Units: $2,150

Liz Newcombe - South Shore Real Estate AgentWould you like a FREE sales and rental Market Report catered to your specific area(s)? Just send a quick email to Liz@MandrellCo.com or call 413-834-8052 .  Liz can provide you similar data for any town or city in the commonwealth.
To learn more about Liz Newcombe visit http://mandrellco.com/elizabeth-newcombe/


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Come join us on September 19th (Quincy Marriott Hotel) for this year’s Real Estate Investor & Developer Trade Show. During the event we plan to have a great discussion on Hard Money Lending. Chris Tobin from Endeavor Capital will be joining us for the day to tell us about his business and to answer all your questions about funding deals through hard money.  Some of the points Chris will touch upon include:

• What is hard money and how does it work?

• What do lenders look for and how can I qualify for a loan?

• How do I get a proof of funds letter so I can make offers?

• What type of property will Endeavor will lend on?

• What if I have bad credit? Can I still get the loan? 

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of Boston Wealth Builders will be allowed to RSVP. To become a member, please visit the group website at http://www.BostonWealthBuilders.com. Membership is complete FREE and only takes a couple minutes.

Hope to see you there!

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Boston is Healthiest City of Country’s 25 Big Cities

WalletHub.com recently released a study showing Boston as the country’s healthiest city. “WalletHub compared the real-estate markets in 25 of the largest metropolitan areas across 10 key metrics. Our data set ranges from the interest rate on a first mortgage to the percentage of households that have received state or local assistance on their first housing loan”.

“As of the first quarter of 2015, for instance, about 255,000 consumers had a bankruptcy notation added to their credit reports, the lowest quarterly total since 2006. Foreclosure rates have also dipped to their lowest since that same year. In addition, lower down payments and higher approval rates for people with average credit scores indicate a growing housing market.”

Given such promising evidence of steady economic recovery, and with Boston’s current building boom, is it time to invest more into Boston real estate? Read the report for yourself with the link below. Interested in speaking with a local real estate investment specialist? Give us a call at 617-297-8641 and let talk about Boston’s future.


Source: WalletHub
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NACA is a home loan program that allows for 100% financing (or zero down payment) from the borrower. NACA stands for The Neighborhood Assistance Corporation of America and they’re primary goal is “invest in working people”.

This incredible NACA mortgage allows NACA Members to purchase their homes with:

  • no down payment,
  • no closing costs,
  • no fees,
  • no requirement for perfect credit,
  • and at a below-market interest rate.

NACA is a non-profit, community advocacy and homeownership organization whose primary focus is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership.

For more information about the NACA program and to be connected with a local loan officer, contact Jessica Thomas at 617-297-8641.

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Hamilton Company Building (48) 2 Bedroom Rental Units In Brighton.

The Hamilton Co. recently broke ground on a new six-story, 49,000-square-foot apartment building in Brighton.

The property, located at 40 Malvern St., is the first step in the company’s plan to invest $100 million in Packard’s Corner, in Boston’s Allston neighborhood.

The complex is expected to be completed in September 2016, and will have 48 units, each with two bedrooms and two baths. The units will average 900 square feet and the top-floor units will have views of the Charles River. Rents will start at $2,600 a month.

Amenities for residents will include off-street parking, a “green” roof garden and access to both a Hamilton-owned recreational facility and the MBTA.

“This project is an excellent example of a transit-oriented development that will transform a parking lot into much-need housing,” Brian Golden, director of the Boston Redevelopment Authority, said in a statement. “I congratulate Hamilton Co. on its success, and I look forward to seeing the building come to life.”

Like The Mandrell Company on face book to stay in tune with other local developments around the city of Boston.

Dorchester Real Estate Agent

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Boston real estate is a terrific investment for a variety of reasons and the focus for many real estate investors around the world.  Boston is one of the most popular cities in the United States. It’s a financial and cultural center and its influence in politics, education, entertainment, media, fashion and the arts all contribute to its status as one of the major global cities. The city boasts a high quality of life, high household incomes, and vast opportunities for cultural and entertainment activities.  Boston has one of the world’s most highly-developed and integrated economies and is a  hub of international business and commerce. The city is a major center for finance, insurance, real estate, media and the arts in the United States.

The Universities of Boston:

Boston is always going to be a great market for real estate investors simply because of our student base. Boston has some of the most prestigious universities in the country including Harvard, MIT, BC & BU. With the constant influx of students and young professionals, there is a virtually never ending demand for rental units. The Boston rental market is very dynamic and a few blocks closer to the university can mean a few hundred dollars a month more in rent.

“Students aren’t going to stop coming to school here, so there will always be a great demand for housing.”

Boston is a great city and our colleges aren’t going anywhere. If you’re looking for a great buy and hold investment, purchasing a multifamily building or a condo rental is a wise choice. The closer your rentals are to campus the higher the monthly rental rate but you don’t necessarily need to be next door to one of the school to grab a terrific investment. Boston has a terrific public transportation system and you can be almost anywhere in the city within 30 minutes.

The Mandrell Company always suggest an investors approach these investments with a long-term timeline. Potential buyers also need to have their financing lined up and be ready to make moves quickly. These properties don’t become available on a regular basis, so to catch a deal you have to do your homework, work with a good Realtor and be ready to make a move when an opportunity presents itself.

Realtor.com contacted TMC awhile back and asked if we could contribute to a couple articles the site was writing about investing in neighborhoods with big college crowds. They were looking for Realtors in a few different cities to write about their experience dealing with investors of college apartments. Below the link to the article they published. Check it out.


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Are you in the market to buy, rent or sell property in the Hyde Parka area of Boston? Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly whats happened in the single family, multi family and rental markets of Hyde Park over the last 6 months. Take a look at the numbers and see where you fit in.

Single Family

Total Homes SOLD: 47

Average Living Area by Square Feet: 1,739

Average Listing Price: $391,369

Average DOM (Days on Market): 71.25

Average Sales Price: $391,895

– The average sales price is slightly higher than the average listing price which means buyers are paying above asking price for single family homes in Hyde Park.

Multifamily Family

Total Homes SOLD: 17

Average Living Area by Square Feet: 2,654

Average Listing Price: $461,200

Average DOM (Days on Market): 78.23

Average Sales Price: $436,412

Condo Units

Total Homes SOLD: 12

Average Living Area by Square Feet: 1,174

Average Listing Price: $216,369

Average DOM (Days on Market): 60.93

Average Sales Price: $214,958

Rental Units

Average Rent for 1 Bedroom Units: $1,315

Average Rent for 2 Bedroom Units: $1,650

Average Rent for 3 Bedroom Units: $1,983

Average Rent for 4 Bedroom Units: $2,425


Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

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



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 Do you need to sell your home quickly but still want to get top dollar during the sale? Even in good markets the average time a typical house takes to sell is about 3-4 months. And that’s homes in great condition.  Unfortunately, in today’s market, many homes remain unsold for much longer periods of time. Even immaculate move in ready homes sit unsold and often unseen, let alone homes in less than perfect condition.

Fortunately our company can help. We are associated with a group of private investors buying several houses each month in the Boston area and many surrounding neighborhoods. They are seeking properties regardless of size, location, condition, price and situation.

Are you and your property facing one of the following conditions?

  • Facing Foreclosure?
  • Skyrocketing Payments?
  • Divorce?
  • Inherited Property?
  • Missed Payments?
  • Bankruptcy?
  • Relocating?
  • Vacant Home?

Especially in today’s economy homeowners often get into situations where they need to sell a house in quickly. For many going the traditional route and working with a real estate agent, or trying to sell the home themselves “by owner” is the only option they’ve considered. This is fine in a strong market or if the home has a lot of equity where the homeowner can dump the property at a heavily reduced fee. But if this is not at scenarios a homeowner must look for different, faster alternatives.

If your property qualifies one of our investors can make you a firm written offer, usually within 24 hours. Because they use private funds they can pay cash and close quickly, at your convenience. Our company will often make the connection with these investor as no cost to you!

If you’d like to find out if your property meets our requirements call us and find out. We can be reached at 617-297-8641 (MA Residents) & 401-641-5774


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Your invited to join Boston Wealth Builders at the Quincy Marriott Hotel (September 19th, 2015) as we learn how to intelligently improve our property values. Come get a better understanding of what local appraisers are looking for when determining the values they place on property and how you can ensure your home’s appreciation. This event is free to the public but you must RSVP as seating is limited.

The residential appraisal is an integral part of the real estate transaction since appraisers are the trusted vendor for lenders in the mortgage business.  Whether you’re a real estate homeowner or an investor, understanding the appraisal process is a critical component for increasing your property value for the years ahead.  Danyl Collings, of Forsythe Appraisals, will be addressing the following items in regards to real estate appraisals:

1.)  What are the three main items appraisers are looking for when appraising real estate investment properties?  Why are they important?

2.)  What information can you provide the appraiser to expedite your appraisal process and getting the report into the lender?

3.)  Understanding your improvements to the property relative to the property’s market neighborhood and Town/City.

4.)  Why is rental income important in an investor appraisal?

Since 2009, Danyl has served as branch manager for Forsythe Appraisals, LLC – Boston Branch which provides residential appraisal services in MA, NH and RI.  In this role, he is in charge of the sales, marketing, recruiting, training and report quality and delivery for the Boston Branch.  Forsythe Appraisals, LLC is the largest private appraisal firm in the County with over 250 + appraisers throughout the United States.

To RSVP for this event, please click the link below. You’ll be asked to create a FREE account and join Boston Wealth Builders. Once you’ve become a member you can RSVP and save your seat. Hope to see you there!


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Pending home sales in Massachusetts climbed 36 percent in June, compared with the same month last year, according to a new report from the Massachusetts Association of Realtors (MAR).

There were 7,316 homes put under agreement in June of this year, compared with 5,349 in June 2014, with median prices of $375,000 and $364,900, respectively. Condominium sales increased to 2,777 in June 2015 from 2,082 in June 2014 – an increase of 33 percent – with the median price dropping to $330,000 from $332,000.

“The summer market is heating up. June was a very active month even with the usual end-of-school activities and graduation celebrations,” MAR President Corinne Fitzgerald, broker/owner of FITZGERALD Real Estate in Greenfield, said in a statement. “Buyers are out there, and they are making offers. Sellers who price their house correctly are benefiting from all this activity and entering into agreements shortly after they are listed.”

Want to find out how your neighborhood is doing and what homes are selling? Send us an email at Contact@MandrellCo.com and request a FREE market report. We can help you gain complete insight into your real estate market by showing you exactly what homes are selling and what buyers are paying for them. Give us a shout today!
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Single Family Flip Opportunity – Norwood, MA

Are you looking for your next flip? This may be one you’ve been waiting for!

420 Prospect st Norwood, Ma – 

This is a single family condo attach.  The unit consist with 3 beds and 1.5 bath, living room and dinning room and a full enclosed attic that can be use as a bedroom, plus a basement. Wholesale price $ 280k … Comps in the area around $385k to $400k.. This property is located within minutes to Westwood neighborhood and major highways. Great location!!!

Photos can be seen with the following link


For more information contact Julio Evangelista at 407-914-5344 or Julio@ComEquityFunding.com

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Are you interested in a career in real estate sales? Do you have an interest in real estate investing?

If you’ve answered yes to these two questions than you need to sign up for our FREE New England Real Estate Sales Training! This event is for licensed real estate agents (in Boston, Rhode Island & New Hampshire) or anyone thinking of becoming licensed in the business. We’re going to teach you how to grow your business faster and more efficiently than most agents. We’re also going to exposed you to the systems and tool we use to build business relationships with local investors!

For more information and to reserve your spot today, please click on the link below.


Who: Local Massachusetts & Rhode Island Real Estate Agents 

What: FREE Real Estate Sales Training Seminar (Focused on building your business through investor relationships)

When: October 17th, 10am – 230pm

Where: Oficio Boston – 30 Newbury St Boston, MA 02116



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Attention Future Home Buyers:

One of our great lenders has an exciting new mortgage program and I’d like to share the details with you!

Our lender has partnered with the National Homebuyer Fund (NHF Platinum Program). The NHF Platinum Program is designed to assist low-to-moderate income homebuyers with the purchase of a home, by providing down payment and/or closing cost assistance (currently in the form of a Grant). The grant does not have to be repaid. The grant (up to 5% of the total loan amount) can be used towards down payment or closing costs.

Many times this assistance allows homebuyers to purchase a home much sooner than they thought possible. One of the most attractive features of the Program is that you don’t have to be a first-time homebuyer. Even if you owned a home in the past, you may qualify. The Program is available for the purchase of an owner-occupied principal residence, including condominiums and planned unit developments, and offered in various states, including Massachusetts & New Hampshire.

 A borrower can purchase a single family, condo, or PUD with no money down with a credit score as low as 640.  The grant is combined with either a Fannie Mae (Conventional Loan) My community mortgage, FHA, VA, or USDA loan.

 Our lender will sponsor and obtain the grant for the borrower so you no longer will have to work with separate entities to obtain a down payment assistance grant!!

For more information about the program and to see if you qualify, please call our offices at 617-297-8641 or email us at contact@Mandrellco.com. We would love to connect you with our mortgage broker and help you achieve that long awaited home purchase! Call today!

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 Freddie Mac (OTCQB: FMCC) last week released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reaching new 2015 highs heading into the holiday weekend and ahead of the June jobs report.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.6 point for the week ending July 2, 2015, up from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.12 percent.
  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99 percent this week with an average 0.4 point, up from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 2.98 percent.
  • 1-year Treasury-indexed ARM averaged 2.52 percent this week with an average 0.3 point, up from last week when it averaged 2.50 percent. At this time last year, the 1-year ARM averaged 2.38 percent. 


Would you like to receive regular market updates on Boston mortgage rates? Sign up for our blog post in the top right hand corner. All the information posted here will be sent directly yo your email inbox!

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The Mandrell Company is pleased to announce that we’ve just expanded our real estate sales and rental business into the state of Rhode Island!  We have two designated agents for the state and they are ready to serve your real estate needs. If you, or anyone you know is looking to buy, sell or rent in Rhode Island, we’d certainly appreciate the connection.

You can continue to reach us by email at Contact@MandrellCo.com or call our local RI office at 401-641-5774.

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Thinking about making a rental investment property purchase? Investing in real estate can be very exciting but also very nerve wrecking. Most investors act too quickly or not quickly enough on a potential purchase leaving themselves in a bad situation or without ever securing a deal. Before you submit an offer on the property ask yourself the following questions.

Is this property right for me and my investment needs? What are my short and long term investing goals?

Is this the right property for my risk tolerance? Do I have cash in the bank if things don’t go exactly as planned?

What is the structure of this property? What is the tenant makeup of the building? Will I manage myself or should I hire out?

What are the conditions of the properties big ticket items? Roof – Windows – Heating – Foundation – Plumbing – Electrical?

What are the buildings expenses to operate? What income does the building produce? Whats the return on my investment?

Your answers to these question will provide you with a good feel for the property, your financial situation and hopefully give you a very quick yes or no as to your decision to move forward. It’s also a good ideas to visit each potential purchase with your real estate agent as well as your handy man. These two team members should be best equip to help you make a sound investment decision.

Looking for more tips on investing in rental property? Join Boston Wealth Builders by visiting http://www.BostonWealthBuilders.com. Membership is completely free!


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You hear people talk about flipping homes with no money out of pocket, but how exactly are they doing it? This FREE seminar is going to show you how to use private funds to buy, fix and sell property for a profit! The event topics will include:

· Private money – What it is, and why you need it to fund your deals

· How to find and sell yourself to private money lenders

· How to structure deals and make your private lenders feel comfortable

· Evaluating potential rehabs and crunching the numbers

· What to watch out for and trouble areas to avoid

This 1.5 hour seminar will be presented by Andrew Schena of Capital Equity Partners. Capital Equity has purchased and sold 10 of millions in Boston real estate since 2009 when established. https://www.facebook.com/CapitalEquityPartners

Saturday, September 19, 2015 – to Boston Marriott Quincy – 1000 Marriot Dr, Quincy, MA

Join Boston Wealth Builders and RSVP to the event! Membership is FREE  – www.BostonWealthBuilders.com

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of the group will be allowed to RSVP.    www.BostonWealthBuilders.com

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Are you interested in buying or selling property in Roxbury? Before you do, making sure you fully understand your local market is very important. Receiving regular market updates will also allow you to see where similar properties are selling as well as what landlords are charging for their rentals.

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

Total Multifamily Listings SOLD: 13

Average Living Area by Square Feet: 2,976

Average Listing Price: $513,054

Average DOM (Days on Market): 31.92

Average Sales Price: $494,233

Average Rent for 1 Bedroom Units: $1,334

Average Rent for 2 Bedroom Units: $1,727

Average Rent for 3 Bedroom Units: $2,304

Average Rent for 4 Bedroom Units: $3,000

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) 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 where you’d like to receive data. 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 crowd!

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

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Attention Boston Real Estate Investors:

The Mandrell Co office has an off market FLIP opportunity in Weymouth, MA. It’s a 1450 square foot home with 3 bedrooms, 1.5 Bath home sitting on an 1 acre lot. The house is located at 641 Pleasant Street. The seller looking for cash offers and a quick closing. The home needs some work but has a ton of charm and character. Comparable sales in area say $400’s and none of the them are sitting on such a large lot.

Seller asking $259,000. Buyers to do own due diligence. Pending tax liens will be paid by seller at closing. Contact Willie Mandrell at 617-297-8641 or Willie@MandrellCo.com for more information and to schedule a showing.

Looking for other investment opportunities? Join Boston Wealth Builders! Membership is free and takes 2 mins to sign up. Join the group at http://www.BostonWealthBuilders.com


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Want to learn more about what’s happening with Boston’s large real estate developments? Are you interested in how these developments will affect local business and the future Boston economy? Come join us for panel discussions between a variety local real estate developers, entrepreneurs, business owners and politicians at the 2015 “Boston Means Business”. You can RSVP for this event with the link below. Hope to see you there.


Boston Convention and Exhibition Center
415 Summer Street
Boston, MA 02210

Monday, March 23, 2015 from 5:30 PM to 8:30 PM


Boston Real Estate Developers & Business Owners


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Are you interested in buying or selling property in Allston or Brighton? Before you do, making sure you fully understanding your local market is very important. Receiving regular market updates will also allow you to see what similar properties are selling for as well as what landlords are charging for their rentals.

Here is Allston/ Brighton multifamily sales and rental market statistics for the last 6 months.

Total Multi-Family Listings SOLD: 24

Average Living Area by Square Feet: 2,904

Average Listing Price: $833,812

Average DOM (Days on Market): 44.04

Average Sales Price: $818,917

Average Rent for 1 Bedroom Units: $1,571

Average Rent for 2 Bedroom Units: $2,039

Average Rent for 3 Bedroom Units: $2,531

Average Rent for 4 Bedroom Units: $3,186

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) 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 about the data provided.

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Do you have an upcoming or existing vacancy in one of your rental units? Follow these 3 “must do” task to ensure you land a great new tenant.

1. Do your due diligence – Do you fully understand your local rental market? What are your fellow landlords charging for rental units similar to yours? Are you below market value on your rents and leaving money on the table? These are the question you’ll want to answer as soon as you’re informed you’ll have a vacant rental unit. You’ll want to make sure your asking rent is close to market value for the unit. You’ll also want to make sure the tenants quality of living meets whats called for in the neighborhood. For example, if you have a perfectly priced rental unit but all of the apartment features are outdated (and all other available units are updated), you’ll have a difficult time renting that apartment. You can easily find out what going on in your neighborhood by acting as a prospective tenant and searching through current rental listings in your neighborhood. You can also call your local real estate agent to receive a free rental market analysis.

2. Background, Credit check, Employment verification – Many small landlords select tenants with “their gut feelings”. While you should definitely trust your gut, I would suggest also doing a background check for any applicant over the age a 18. This is the very best way to truly know who’s living in your rental. I would also conduct a credit check to verify that they’re financially trustworthy. The last bit of information is probably the easiest to do and the most important. Verify the status of your potential tenants employment and their ability to pay. During the application process you should have asked for pay stubs and for the tenants employer information. Call the employers HR department and tell the representative you’re calling to verify employment for a rental application on the said tenant. Download to packet below to determine whether the your prospective tenants income should qualify for your rental unit.

What Can I Afford To Pay For Rent

3. Take a holding deposit – Okay. You’ve done your due diligence and found a great tenant. They are ready to move in a few weeks, but the lease has not yet been signed. Make sure you receive a “holding deposit” from your new tenants. A holding deposit acts as insurance for you. It insure that your prospective tenants plan to move in and not continue searching for another apartment. Let’s say for example you’ve stopped marketing the apartment because you’ve found the perfect tenant. The plan is for them to move into the property in 3 weeks and you’ll draft up the lease in the process and give them a call when it’s ready. 1 week before move in you call them for the signing and they’ve informed you they’ve already found another apartment. You have nothing from them and you’ve also wasted 2 weeks of marketing while you had the apartment off the market. The easiest way to combat this scenario is to get a deposit. Download the packet below for a sample holding deposit form.

Holding Deposit Agreement

Do you need help finding new tenants? We can help you fill your vacancy at NO COST to you. We conduct a background checks, credit checks, employments/income verification and draft all lease paperwork for you.  Contact us for details. 617-297-8641 or Contact@Mandrellco.com

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