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Showing posts with the label BostonLandlords

How Boston Property Owners Can Reduce Apartment Turnaround Time

https://bostonpads.com/blog/landlords/how-boston-property-owners-can-reduce-apartment-turnaround-time/ Attention Boston property owners. If you own or manage an unoccupied Boston apartment then you’re probably starting to feel a sense of panic. Each and every day that your apartment remains empty is costing you money. Have you actually sat down and calculated how much cash you’re losing? We’re talking about a potential of thousands of dollars per month. It’s bad for your bottom line and your stress levels. You purchased the property to make money, not lose it. The good news is that there are always people looking to move to Boston. That means you’re not limited to tenants who only want to move in by the popular September 1st date. Now, you just need to do what it takes in order to catch the attention of the right tenant. We can help. Here’s how Boston property owners can reduce apartment turnaround time.

What are the Benefits for Landlords to Signing an Exclusive Right to Rent Agreement?

https://bostonpads.com/blog/landlords/what-are-the-benefits-for-landlords-to-signing-an-exclusive-right-to-rent-agreement/ Massachusetts Landlords have multiple routes when it comes to listing a rental property. Those options range from listing it directly by owner, to using dozens of real estate agencies in the area. This article will discuss the benefits for landlords to signing an “Exclusive Right to Rent Agreement,” and the important factors to look for in a real estate agency. What is an exclusive right to rent agreement? In this type of agreement, you as a landlord give exclusive rights to one agent or company to rent your property during a specified period of time. What’s unique in this arrangement, is that it entitles the agency to be the exclusive listing agent for that property. It commits the landlord not to list it with any other agent or real estate company. This agreement is signed for a limited period of time, and the agent is paid a commission only if the property is ...

Boston Pads Real Estate Database Surpasses 17,000 Landlord Records In Latest Company Milestone

https://www.einnews.com/pr_news/589569564/boston-pads-real-estate-database-surpasses-17-000-landlord-records-in-latest-company-milestone BOSTON, MA, USA, September 7, 2022 /EINPresswire.com/ -- BostonPads.com reached another growth landmark earlier this month by surpassing 17,000 landlord records in their Greater Boston apartment database. Their rental repository now holds 199,072 Greater Boston apartments, 448 luxury apartment buildings, 23,795 apartment videos, and more than 1.01 million property images. This achievement comes as Boston’s rental market reaches its annual 9/1 peak and apartment availability sits at an all-time low. Both the city’s real-time vacancy rate (RTVR) and real-time availability rate (RTAR) have notched new record lows in 2022. Compared to a year ago these figures are down -77.36% and -76.47% respectively, showing just how drastic the rental market’s recovery has been.

What to Do if Your Boston Apartment for Rent is Still on the Market for 9/1?

https://bostonpads.com/blog/landlords/what-to-do-if-your-boston-apartment-for-rent-is-still-on-the-market-for-9-1/ If you’re a landlord, a vacant Boston apartment for rent is not making you any money. It’s costing you money each day that the unit sits empty. Mathematically speaking, it is extremely difficult to catch up financially within an 18-month period if your apartment stays vacant for one month. In fact, the only real way to catch up is to start looking at value add strategies to create a better long-term outcome. Having a Greater Boston apartment that is vacant can cause a tremendous amount of stress, to say the least. Quickly filling those vacancies is essential for any successful real estate rental portfolio or business. Finding some tactics that will make a real impact can often be unsettling; especially in a tight labor market with rising inflation. Nobody ever said the real estate game is easy. If it was, everyone would be investing in Boston apartments for rent. You ne...