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All posts tagged Rentals

What Does A Multifamily Home In Lynn Cost?

Interested in buying or selling a multifamily home in the Lynn or North Shore area? Your first move should be to find out how/ what the market is doing? Find out what’s selling and for how much. Want to know what’s happening with Lynn Multifamily home sales and rentals?

Here are Lynn’s multifamily sales and rental market statistics over the last 6 months.

Total Multi-Family Listings SOLD: 137

Average Living Area by Square Feet: 2,839

Average Listing Price: $410,045

Average DOM (Days on Market): 14.87 Days

Average Sales Price: $411,680

Average Rent for 1 Bedroom Units: $1,302

Average Rent for 2 Bedroom Units: $1,568

Average Rent for 3 Bedroom Units: $2,831

Average Rent for 4 Bedroom Units: $2,020

Want to see sales data for another local area?

I Want To Know My Home’s Value!

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Meet Your Cambridge, Somerville & Medford Real Estate Expert!

Taylor Johnson is your local real estate specialist for the Cambridge, Medford & Somerville areas. He has a deep understanding of the community, it’s people and the real estate in these particular areas. Watch Taylor’s short introduction video! You can reach Taylor directly at Taylor@MandrellCo.com

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10 Task Every Boston Landlord Must Complete To Find The Perfect Tenant

Cheryl Ricketts and Kate Brennan of The Mandrell Company take you through “10 Things Every Landlord Must Do Find Great Tenants”. While the information is geared toward Boston area landlords, must of the tips and tricks can be used anywhere in the state of Mass. For more information or for questions, you can contact them at Kate@MandrellCo.com or Cheryl@MandrellCo.com.

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Dear Boston Landlords : Here’s How To Find Well Qualified Tenants

If you’re a landlord in the Boston area and you have a vacant unit currently or becoming vacant in the coming months, myself and the Mandrell Company would love to help you fill that vacant unit with a qualified tenant.

We do so completely free. There is no cost to you the owner or landlord. We start off by advertising your rental unit for lease. We help you show the apartment so you are not using your valuable time standing around waiting for potential tenants. We take care of that for you as well.

Once we find an applicant who we feel is qualified, based on the criteria that you’ve presented, we then do background checks, credit checks, employment verification and several other background checks to make sure that that person is qualified and they are who they say they are.

Once we gather all that information we then present you with a full package on that tenant. If you deem that tenant qualified and the person that you’re looking for we move forward with the lease signing process and if not we put the unit back on the market and proceed to find another qualified tenant.

We also, again, assuming the tenant is qualified, draft the lease for you, collect all the first month fees, security deposits and anything else that you were asking for and then assist you and the tenant through those first few days of keys, lease signing and various other things that need to be taken care of at the time.

If you do have a vacant unit, if you are looking to fill a vacancy we would love to work with you. You can contact us at 617-297-8641. You can also reach us at contact@mandrellco.com. We look forward to working with you. Thanks.

Thanks for watching our video. Did you find this information useful? If so please remember to like the video and also subscribe to our channel for more useful information. I would also encourage you to share this video with your friends and family. Thanks again and we’ll talk to you soon.

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What’s Up With Woburn Real Estate? Check Out These #’s

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 Woburn’s multifamily sales and rental market statistics over the last 6 months of 2016.  

Total Multi-Family Listings SOLD: 9

Average Living Area by Square Feet: 2,594.00   

Average Listing Price: $521,735   

Average DOM (Days on Market): 37.87 Days 

Average Sales Price: $515,880

Average Rent for 1 Bedroom Units: $1,238

Average Rent for 2 Bedroom Units: $1,879

Average Rent for 3 Bedroom Units: $2,274

Average Rent for 4 Bedroom Units: $2,422

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.

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Is The Dorchester Multi-family Market Cooling Off? Check Out These Numbers

If you know anything about Dorchester real estate, you probably know it’s been on fire for the last couple years…especially the 2-4 family buildings. But is the market cooling now? Are we at the peak? Check out the sales and rental numbers over the last 6 month and determine for yourself.

Here is Dorchester’s multifamily sales and rental market statistics for the last 6 months.

Total Multi-Family Listings SOLD: 104

Average Living Area by Square Feet: 3,362

Average Listing Price: $599,789

Average DOM (Days on Market): 51.58 Days

Average Sales Price: $593,745

Average Rent for 1 Bedroom Units: $1,645

Average Rent for 2 Bedroom Units: $1,972

Average Rent for 3 Bedroom Units: $2,211

Average Rent for 4 Bedroom Units: $2,564

 
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.

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4 Documents You Must Have During A Successful Home Sale

I Want To Know My Home’s Value!

I want to talk to you today a little bit about documentation, preparing to sell your multifamily property, any property in between two and 20 units. Typically, we’re talking about two and four units, residential property, but this also applies to larger investment properties as well. Documentation, getting ready to sell. What are you thinking about? What are the documents that you need to gather? I’m giving you right here is four sets of documents that your potential buyers are going to want to ask you about, your realtor is going to ask you about, so you might as well go ahead and get these documents prepared as early as possible.

The first set of documents that you want are your tenant leases and the rent roll. You don’t necessarily have to provide the actual physical copy of your leases to your potential buyers, but what they’re going to want to know is when did those leases start, when do those leases expire, and then the second half of that is what each tenant is paying. That’s a big part of selling a multifamily. It’s a big factor when potential buyers are buying multifamily, are am I going to be able to move into a unit? If one of the tenants are below-market rent, when does that lease expire and when am I now able to increase the rent. Making sure that you’re collecting that information, understanding when are your leases expiring and what each tenant is paying and being able to provide that information to your realtor, so your realtor can provide that to potential buyers.

The second set of items that you’re going to want to collect are systems warranties. Did you recently have the roof changed? Did you recently install a new heating system or a new AC system? Appliances, did you recently install appliances into any of the units within the buildings and are they still within warranty? That is adding value. If you are able to take those warranties and provide those to the new potential buyer and show this refrigerator was installed last year and it’s still under warranty, that is a great way to provide value, so you really want to go out and see if you can collect any warranties that you have from roof to heating systems to appliances, anything else. Systems maintenance. When was the last time that your heating system was serviced? If you have a good maintenance schedule in place, you should have been documenting that over the years and being able to turn that over to a potential buyer is going to create value and give the buyer a sense of ease knowing that the systems were maintained over the years. That is something else that you should be looking for in preparation for selling your multifamily house.

Last but not least, we live in Massachusetts and then throughout the country, 1978 lead paint law. Lead paint is no longer used after the year 1978, but within Boston and a lot of the areas surrounding us, these homes were built 1910, 1920s, so a lot of them still do contain lead paint. If you have lead paint documentation, if your apartments have been lead paint certified, this, again, creates a lot of value, creates a lot of comfort with your potential buyers and if you can provide that documentation right up front to show them that that’s not something that they don’t have to worry about any longer, they can now move children under the age of six in and not have to worry about the lead paint hazard. That is going to create a lot of value for you. It’s going to help you potentially get a quicker sale and for a higher sales price in making sure that you are also collecting that lead paint documentation as well. Four things, tenant lease and rent rolls, warranties, maintenance schedules, and then a lead paint documentation. If you provide those four sets of items, you should be in really good shape to get your property sold.

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Malden 2-4 Family Sales Are On The Move… Just Look At The #’s

Malden’s Multifamily Sales & Rental Statistics

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? Is now a good time to sell?

Here is Malden’s multifamily sales and rental market statistics for the last 6 months.
Total Multi-Family Listings SOLD: 87
Average Living Area by Square Feet: 2,640.00
Average Listing Price: $543,735
Average DOM (Days on Market): 43.11 Days
Average Sales Price: $534,782
Average Rent for 1 Bedroom Units: $1,453
Average Rent for 2 Bedroom Units: $1,854
Average Rent for 3 Bedroom Units: $2,138
Average Rent for 4 Bedroom Units: $2,345

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.

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Are you in the market to buy, rent or sell property in South End? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Condos in the area. All these number reflect what’s taken place over the last 6 months.

Condominium Listings
Total Condos SOLD: 251
Average Living Area by Square Feet: 1,148.33
Average Listing Price: $1,026,012
Average DOM (Days on Market):  36.49
Average Sales Price: $1,040,665

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.

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Are you in the market to buy, rent or sell property in Jamaica Plain? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Multifamily properties in the area. All these numbers reflect what’s taken place over the last 6 months.

Multifamily Listings
Total Multifamily Buildings SOLD: 19
Average Living Area by Square Feet: 3,442.79
Average Listing Price: $1,053,368
Average DOM (Days on Market):  46.95
Average Sales Price: $1,038,290

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.

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Are you in the market to buy, rent or sell property in Brighton? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Condos in the area. All these number reflect what’s taken place over the last 6 months.

Condominium Listings
Total Condos SOLD: 93
Average Living Area by Square Feet: 869.96
Average Listing Price: $436,205
Average DOM (Days on Market): 29.59
Average Sales Price: $438,291

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.

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Are you in the market to buy, rent or sell property in West Roxbury? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily and Condos in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 85
Average Living Area by Square Feet: 1,721.19
Average Listing Price: $539,540
Average DOM (Days on Market):  49.16
Average Sales Price: $540,895

Condominium Listings
Total Condos SOLD: 59
Average Living Area by Square Feet: 1,118.38
Average Listing Price: $348,744
Average DOM (Days on Market): 62.66
Average Sales Price: $344,178

Multifamily Listings
Total Multifamily Buildings SOLD: 3
Average Living Area by Square Feet: 2,106.00
Average Listing Price: $561,300
Average DOM (Days on Market):  38.00
Average Sales Price: $550,000
 

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.

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Are you in the market to buy, rent or sell property in East Boston? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily, Condos and Rentals in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 10
Average Living Area by Square Feet: 1,540.70
Average Listing Price: $430,460
Average DOM (Days on Market):  62.30
Average Sales Price: $414,100

Condominium Listings
Total Condos SOLD: 53
Average Living Area by Square Feet: 980.87
Average Listing Price: $357,845
Average DOM (Days on Market): 51.49
Average Sales Price: $356,586

Multifamily Listings
Total Multifamily Buildings SOLD: 36
Average Living Area by Square Feet: 2,602.06
Average Listing Price: $609,300
Average DOM (Days on Market): 64.14
Average Sales Price: $599,417

Rental Stats
Average Rent for 1 Bedroom Units: $0
Average Rent for 2 Bedroom Units: $$1,881
Average Rent for 3 Bedroom Units: $2,330
Average Rent for 4 Bedroom Units: $2,650

 

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.

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Are you in the market to buy, rent or sell property in Hyde Park? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily, Condos and Rentals in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 55
Average Living Area by Square Feet: 1,682.43
Average Listing Price: $381,615
Average DOM (Days on Market): 75.85
Average Sales Price: $375,956

Condominium Listings
Total Condos SOLD: 13
Average Living Area by Square Feet: 1,233.08
Average Listing Price: $265,515
Average DOM (Days on Market):   75.23
Average Sales Price: $254,962

Multifamily Listings
Total Multifamily Buildings SOLD: 24
Average Living Area by Square Feet: 2,790.71
Average Listing Price: $484,217
Average DOM (Days on Market):  89.17
Average Sales Price: $475,537

Rental Stats
Average Rent for 1 Bedroom Units: $1,175
Average Rent for 2 Bedroom Units: $1,598
Average Rent for 3 Bedroom Units: $1,907
Average Rent for 4 Bedroom Units: $2,200

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.

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What’s the difference between a lease and a Tenant At Will (TAW)?


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3 Inexpensive Tools Landlords Can Use To Make Life Easier

Being a landlord is an excellent wealth building tool. All things designed to make you money, costs money. We want to help you be efficient and get the greatest return on your investment. Here are three inexpensive tools to help you run your real estate “business” more effectively:

  • Purchase a Lockbox so you don’t have to walk around with 50 keys
  • Invest in a toilet auger. Trust us, you’ll thank us later!
  • Purchase Quicken Rental Property Manager to track your expenses and rent payments

We hope the audio helped explain why each is a great, inexpensive investment into your property that will save you time, frustration and MONEY in the long run. For more advice on how to be a super landlord, feel free to contact Willie Mandrell at Willie@MandrellCo.com or 617-297-8641.

Happy Landlording!

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The Top 10 Tax Deductions For Boston Landlords

  1. Mortgage Interest Deduction – This is the largest tax deduction for most individual property owners. A portion of every mortgage payment you make goes to pay down the principal balance of the loan and another portion goes to the bank as interest. The federal government also you to deducted all interest paid to your bank associated with the mortgage. In the early years of your mortgage, interest is a very high percentage of the total payment and will become one of your largest deductions.
  2. Property Taxes – You will receive a write off for property taxes you’ve paid over the last 12 months. You’ll receive a dollar for dollar tax write for this cost.
  3. Local Water & Sewer – If you pay for water/ sewer for  your rental units, this cost is also a tax write off at 100%. If you live in the building you will not count the waster usage for you particular unit in the deduction. For example, if you own a Dorchester 3 family, live on the 1st floor and rent the other 2 units, you’d receive a tax write off for 2/3 of your total water cost.
  4. Common Area Cost – In Massachusetts, as a landlord of a multifamily building you area required to pay for lighting and other “common” area cost of your building. Hallway lighting is the most common expense that falls under this category. This is a cost of doing business for you as a landlord and is 100% tax deductible.
  5. Depreciation Expense – The government recognizes that every year your property (the asset) goes through some sort of wear and tear and slowly loses value. This loss in value (depreciation) is a tax write off for you without any outlay of cash. Most property is depreciated over a span of 29 years. You should consult your tax professional about methods for calculating depreciation.
  6. Home Office Deduction – As a landlord you are technically a business owner. As a business owner you can deduction of portion of your total home expenses as your home office. For example, if you use 1/5 of your home as an office (to run your rental business) and the total cost to operate your home is $1000 per month, you should have a total “home office” deduction of $1200. ($1000/5 = $200 * 12 months)
  7. Cost of Driving to & from your Property – There is a cost to you for driving back and forth to manage your rental property. It’s important that throughout the year you keep a log of your travel. Your accountant can assist you in calculating the exact write off provided for your time on the road.
  8. Systems & Tools of the Trade – Did you buy a snow blower, rakes, hammer, drill or other equipment you planned to use specifically for your rental property business? If so, make sure your tax person is aware of these cost as well.  It’s important to maintain a receipt log during the year.
  9. Credit Card Interest – It’s always a good idea to keep a separate bank account you use strictly for your rental business. This separate bank account allows you to easily keep track (come year end) of what you spent. You should also keep a separate credit card for your apartments as well. The interest the credit card company charges you is also a tax write off.
  10. Property Management Cost – Did you pay a property management company to handle your apartment rentals this year? If so, the company will be able to provide you with the total you’ve paid them in the last 12 months. Also provide this figure to your tax-preparer.

To learn more about the ins and outs of landlord tax deductions, I highly recommend NOLO’s “Every Landlords Tax Deduction Guide”. Click the image below to learn more!

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Downtown Affordability Within Reach?

As we prepare to usher in a new year, something rarely seen in today’s market is also upon us. The developer Related Beal has begun work on a downtown apartment building where EVERY unit will rent at BELOW-market rates. Downtown is prime real estate so this endeavor is very shocking as developers could get top dollar for such apartments. Their efforts are especially applauded as it called for a hefty $230 million budget. 

The Related Beal project offers a template for other developers to meet the city’s goal of building more housing that middle-income residents can afford. The 14-story building at Beverly and Causeway streets in the Bulfinch Triangle near North Station will house 239 apartments priced at rents affordable to low- and middle-income tenants.

About half the units are aimed at renters earning mid-range incomes — up to $78,800 for a two-person household — with the rest set at rents for lower incomes. A family of four that earns $78,800 a year, for example, could rent a two-bedroom apartment for $1,628 a month, in a neighborhood where similar new apartments could be twice that price. 

When you are doing good for the community, you have to be creative in recouping the financial loss. Related Beal designed the project to also include a 220-room hotel, to help offset the development costs and make it easier to charge lower rents. This is exciting because it demonstrates that developers can impact their community with a little creativity. Areas like Mattapan and Roxbury could greatly benefit from creative projects like this to boost the local economy, provide affordable housing and rid neighborhoods of abandoned buildings. 

Related Beal is writing a road map that could help other builders finance more affordable housing in Boston. The issue with our housing is that middle income renters suffer the most. Generally, they earn too much for heavily-subsidized apartments but can’t afford the high-end apartments that are quickly taking over.  

Construction will likely take about two years and possibly a record breaking influx of applications for the lottery. We will be following this history making project so sign up for our blog to stay current on the progress and to learn more about the Boston real estate market.

If you have any questions regarding renting one of your units, please CONTACT US TODAY at 617-297-8641 or Contact@MandrellCo.com! Our agents are trained to find you the best tenant that meets your requirements.

 

 

adapted from The Boston Globe

 

 

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It is no surprise that the Boston Real Estate market is HOT! Luxury condo buildings are on the rise, as are rental prices and demand for housing. The Boston Inclusionary Development Policy hopes to keep a place in the city reserved for low and middle income families. 

Some affordable housing activists say changes to the policy is long over due as the last substantial update was in 2007.  Updates are set to take effect in January 2016. The new guidelines would require developers to construct a greater number of affordable housing units or pay more to opt out of on-site affordable units in many neighborhoods. The goal of these efforts is to help keep home ownership within reach for Boston low- and middle income families as current prices are not realistic for achieving home ownership. 

The new IDP shifts will take effect zone by zone. Roxbury, Dorchester, Hyde Park, Mattapan, Roslindale and West Roxbury comprise Zone C. The IDP team aims to encourage middle class housing construction here. There is no increase requirements for developers in Zone C as it is difficult to develop here currently. 

Currently. rental units must be affordable to those making up to 70% of the area median income, earning $62,000 for a family of three. The BRA will allow developers in Zone C, to provide units to those making 100% AMI, earning $88,650 for a family of three. This concerns community members as they believe this is still out of reach for residents of the community. Many believe this will make the area more affordable to those from outside these neighborhoods rather than incentivising community members to become homeowners or remain renters. 

We are sure this will continue to be a topic of discussion in the coming year as we (The Mandrell Company) strive to increase home ownership in these neighborhoods. We work with sellers of the community and also educate potential buyers on the home buying process and provide resources to help make it more affordable for them to own in their community. 

 

For more information on our upcoming home ownership and investing in multi-family seminars, please email us at contact@MandrellCo.com and we will provide an updated schedule of events for 2016. 

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It is no surprise Boston rents have skyrocketed it seems over night. Some areas have seen increases as much as 25 percent over the past few years. Salaries are not keeping up with the pace of housing costs. This fact hurts middle to low income tenants but provides great benefit to landlords and young professionals with cash to burn for convenience. 

The hub is one of the most expensive markets in the nation. Overseas investors purchase properties without seeing them, they simply want somewhere to park their money and earn a great return on that investment. The Boston market is ideal because we are the educational hub, young professional and business hot spot.

Not only do we have oversees investors, but also new investors who want to own a property and have tenants help pay their mortgage. In the short term, the owner’s “rent” is cheaper as tenants pay the bulk of the mortgage. In time, as property values appreciate and owners take advantage of the many tax benefits of owning real estate, it becomes a more profitable and solid investment. If the market crashes, your home may lose value as far of sale price but your income from the property is stabilized and you are not financially affected if you are a responsible landlord. 

In addition to owner occupant investors, we have young professionals who are looking to diversify their portfolio by adding a little local real estate. They do not reside in the property but rather use it as a generator of additional income. Boston’s market is very strong and has weathered most of the financial downfalls of the nation so it is seen as a more safe investment.

Jamaica Plain and Roslindale are hot beds for hipsters and young professionals, and investors know this. Adding amenities and converting triple deckers to condo units is extremely lucrative and they are cashing in on the trend. Investors can spend full price on a triple ($600,000), convert each floor to a condo and sell each unit for upwards of $400,000 each unit. 

The benefits of buying a multi-family is very apparent to oversees investors and becoming more popular with young professionals. If you are interested in purchasing or selling your multi-family, please email us at Contact@MandrellCo.com.

One of our multi-family focused agents will be in touch and can walk you through everything you need to know, whether a buyer or a seller.

Contact us TODAY: Contact@MandrellCo.com 

 

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South Boston Rental Prices Quickly On The Rise

Are you a current or aspiring landlord in South Boston? No matter your years in the rental business, fully understanding your local market is one the most important things 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 units rent for in comparison to your neighbors. Should you be increasing your rents?

 
Here are South Boston’s rental market statistics for the last 6 months.

 
Total South Boston 1 Bedroom Listings Rented: 125
Average Rent for 1 Bedroom Units: $2,107

Total South Boston 2 Bedroom Listings Rented: 252
Average Rent for 2 Bedroom Units: $2,735

Total South Boston 3 Bedroom Listings Rented: 98
Average Rent for 3 Bedroom Units: $3,391

Total South Boston 4 Bedroom Listings Rented: 23
Average Rent for 4 Bedroom Units: $4,070

 
Would you like 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 above the data provided.

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How Do I Make More Money Selling Real Estate?

Make More $$ Selling Investment Properties! Sales Agents Wanted (All of Mass & RI)

Local Boston Real Estate Office Looking for New & Experienced Agents! Starting with 70% commission splits for experienced agents & 65% for newly licensed agents!

Our office is unique in that we focus on Multifamily & Investment Real Estate Sales. Real estate investors are “repeat” buyer and sellers and building long-term relationships with local investors is our top priority. Right now we are busy and looking for new agents. Our office is in Boston but we’re in need of agents North, South, & West of the city as well as RI.

You can read more about The Mandrell Company by visiting http://www.MandrellCo.com

You can also learn more about building a sales business by working with investors at http://www.SellMoreBostonRealEstate.com

We employ a virtual sales model. No floor time required. Most of our agents work from home or out of their private office spaces.

We do an extensive amount of marketing and will provide leads but will also train agents on how to build your own business connections. Part time or Full time.

Send resume to contact@mandrellco.com to schedule an interview.

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Are you in the market to buy, rent or sell property in the Mattapan 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 Mattapan over the last 6 months. Take a look at the numbers and see where you fit in.

Single Family

Total Homes SOLD: 9

Average Living Area by Square Feet: 1,489

Average Listing Price: $278,333

Average DOM (Days on Market): 60.33

Average Sales Price: $284,436

Multifamily Family

Total Homes SOLD: 8

Average Living Area by Square Feet: 3,296

Average Listing Price: $444,038

Average DOM (Days on Market): 20.23

Average Sales Price: $451,412

Condo Units

Total Condos SOLD: 3

Average Living Area by Square Feet: 1,046

Average Listing Price: $167,967

Average DOM (Days on Market): 64.93

Average Sales Price: $170,986

Rental Units

Average Rent for 1 Bedroom Units: $1,025

Average Rent for 2 Bedroom Units: $1,552

Average Rent for 3 Bedroom Units: $1,783

Average Rent for 4 Bedroom Units: $2,123

 

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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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.

Sincerely,

Your North Shore Real Estate Specialist, Joe Rodriguez

 

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

Joe@MandrellCo.com

www.JoeRodriguezRealEstate.com

 

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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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