Property Manager MA: Self-Employed Buyers guide

Property Manager MAProperty Manager MA: Self-Employed Buyers guide 

Buying a new home can be exhilarating for some. There are so many documents which are created in the process and a lot of decisions to be made. It can be overwhelming for a lot of people but it does not need to be that way. The challenge is for those who are self-employed as the path to homeownership is tougher.  Fortunately, there are ways to get through those challenges. The following guide is how you can buy a home as a self-employed person and make it less stressful for yourself.

Loan Myths

A number of self-employed people don’t go for FHA loans because they assume that they are not eligible. It is a factor in some minor cases as small businesses need time to be profitable. They are always treated as any other form of income. The only way you can lose out is if you don’t keep good records of everything. It is crucial for the self-employed person to have records of everything. This way the lenders will know if your business is profitable. So keep your papers in order so you can apply for a loan.

Deductions help

Freelancers and self-employed folks can claim a lot for business expenses and tax deductions. Naturally they spend a lot and need to claim some back. The only issue is that it reduces the income after you file your tax returns. You may save money but it won’t help you if you are trying to get a house. So try and minimize your business expenses. There may be some lenders who will let you add some of your deductions though.

Don’t mix business and personal expenses

It is always a good idea to keep business and personal expenses separated because you could always be audited in the future. This way if you have any problem, you can always sort out your finances. Keep the business money separate and only keep some for your own personal expenses.

Property Manager MA:Lending Alternatives

You don’t need to stick with one lender to get things done. Do your research well and see if you can find some other useful lender. Perhaps you may not even need to go through a bank as you can get the funds from a friend or family member.

Plan around Taxes

Being self-employed offers you a lot of great options but then you have to go through the task of paying all your taxes for yourself. You can’t deduct your taxes monthly as you have to do them quarterly. So keep a close eye on everything.

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Condo Management Boston: Moving in for the First Time

Condo Management BostonCondo Management Boston: Moving in for the First Time

When you are moving into a new Condo with your partner/spouse/significant other you know that this is the next step. That is where you have to bring everything together and discard items you don’t need. It is a process where both have to make decisions on what they should keep or let go.


The best way to get started is to keep everything in different piles. There are piles to keep, toss, donate or sell. Usually there isn’t much to sell as opposed to items you need to donate or toss. Try and detach yourself of any emotional attachment to items which you need to throw away. Items which are in good shape can be sold while those which are in bad shape can be thrown. Essentially you will be starting from scratch and this will allow you to have a fresh start. So if you have had a bad past, get rid of all items which remind you of it.


This is where both parties need to decide what needs to be done. So sit down together and decide on what you want to bring to your new place. This way there won’t be any bad surprises when you move. Maybe space could be tight and you won’t have room for a few items. So sit down and work it out before it gets worrisome.

Condo Management Boston: Joint Finances

Finances can be a very iffy issue as you have to set budgets and see what your limits are. This has to be done very carefully as it could lead to more problems. This is also the stage when you have to decide what you can afford, who takes care of the bills, how much to save, etc.

House Rules

A successful household is one where there are some rules which are established beforehand. If the issue is not dealt with then there can be some major problems later. This is why it helps to talk it out and avoid any problems. Make sure that the chores are divided equally so that there are no complaints. Perhaps it would help to swap tasks so there is no boredom. This is also a good time to see what your limits are. Make sure you compromise and not bottle up your feelings. Once you move into your new Condo, try to do what you can to get everything out of the way.

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Property Manager MA: Insurance after Home Modeling

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Property Manager MA: Insurance after Home Modeling

Renovations add a lot of value to your home and they also end up increasing the curb appeal. This will be a welcome change for you as you know that your home will be better valued. Sometimes the problem is that you can face some unexpected events to disrupt your plans. This is why it is important to have a homeowners’ insurance policy so that you can protect the additions you have made to your property.


So before you start your project you need to make sure that your home remodeling is protected. Talk to your insurer and see what they say. You need to take the square footage of your home, the cost of upgrading your appliances or the roof repairs to be covered as well. The home insurance should be adequate enough so that you don’t have to worry a bit.

In the event that you have a home office, try to make sure that there is no liability exposure and that your material is financially protected. So get everything covered from within your policy so that there are no nasty surprises later. The good thing is that you can get a business owners policy or an in-home business policy.

Another problem which could come up is if someone is injured on your property during your renovation. So it is important for you to ensure that there is enough coverage so that you can pay for the injuries. So let your insurer know everything.

Property Manager MA: After the Renovation

Once you finish your home remodeling you need to do a couple of tasks. The first one is to make sure that you come up with a proper home inventory. This will allow you to take stock of what you have. Keep all the receipts handy and take pictures of everything. This will help you have some record of what you have done. At least this way you can prove to the insurance company that you have done work on everything.

It is vital to talk to your insurance company at this stage so that you both are on the same page. They need to know the costs of the all upgraded material and the coverage you will need in case there is a big loss.

The caveat is that you could be paying a higher premium if the home remodeling increases the replacement cost. It doesn’t mean you have to stick with your current insurer as you can always get a good deal somewhere else. So look around and see if you save some money. You also may have to look at the fine print though.

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Boston Property Management: Home Search

Boston Property Management

Boston Property Management: Home Search

Buying a home requires a lot of time and effort. It will not always be smooth sailing as you will face some issues on the way. This is why you may need to adjust the way you search for your home. We can’t always get what we want and that is why you may have to look elsewhere when you are pursuing a home in the neighborhood of your choice. That is because you may not get the home in your price range. Even if you manage to find one, there is a huge chance that you will be facing a lot of competition. So you will have to modify your choices and search in a neighborhood where you will be able to find the home of your dreams. Perhaps you may even get a better house for the price you were willing to pay. It may not be your perfect neighborhood but at least you will have a home.

Property Manager MA: Light Work

When some buyers go out to look for homes, they tend to gravitate towards renovated ones. This is because they don’t have much time on their hands and would prefer to buy one. However, you don’t have to always go for a renovated home as it can be a bit pricier. Why not go for one which just needs a bit of work? This won’t be too heavy on your pocket and you will be able to save a bit of money on the asking price.


A compromise is the only way to make things work if you can’t decide on what you want. Couples usually tend to not agree on their home requirements. Try to meet mid-way and see what your short-term and long-term goals are.  Once you both can decide, then it will be easier to choose a place.

Find ways to finance your place

So what if you are unable to come up with the last portion of the payment required to buy the home of your dreams. You can try and crowdsource funding from family and pay them back later or you can get a lender to give u a mortgage. Try and find ways to finance your home and don’t give up. If you make a bit of effort, you will be able to get the home you desperately need.

If all else fails, you can always try and rent for a while till the housing market improves. So try these tips out and see what works for you.

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Boston Property Management: Disclosure

Boston Property Management

Boston Property Management: Disclosure

Sellers usually make tweaks to the house before they put it on the market. In most cases it is a standard as they want the property to look at its best. However, in some cases it’s because the seller wants to hide something. The good thing is that sellers are required to document all defects in the house in most parts of the country. This does not mean that they will not try to bypass that.

This is where they have to fill out a disclosure statement which lets the buyer know of any faults within the property. The seller has to be honest and inform the buyer about every defect within the property. It doesn’t matter whether the defects are major or minor. They have to be reported so that they protect the seller for any legal consequences. This is a good chance for them to be honest and report everything which could lower the value of the property or be a useful factor.

It is still better than the state of California where sellers have to fill out loads of documents to document the sale. In other states it is easier where the seller just has to fill out a series of yes/no questions. Also make sure that you show all communication between previous owners, the agent, the seller and the neighbors. Laws are very strict about a seller not disclosing anything which could have a negative effect. So don’t go and hide something which could lead to consequences for you later.

Boston Property Management: Disclosure to buyers

You have to let them know what improvements you have done, what renovations have been done and what upgrades have been done with or without permits. Make sure you cross check everything to see if it was done with the permission of the city. If it was not done according to code, then it could lead to more health or fire hazards. Everything has to be disclosed so at least you know what the issue is if it happens later. The worst thing you could do is if you buy property from someone who doesn’t disclose he has a lien on his property.

The disclosure documents will let you know about everything but this does not mean that you don’t get the property inspected by a building inspector. Doing a full inspection of the property is the responsibility of the buyer. You will get the disclosure documents after the sale. If you see something you don’t like, you can terminate it. Remember that once you sign off, then there is no going back.

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Property Manager MA: Security Tips

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Property Manager MA: Security Tips

When you buy your new house you should not forget that you also need to make sure that your home is secure. These are some tips on what you should do to ensure the security of your home.

The first thing you need to do is to make sure that you know everything about the security situation in your short listed neighborhoods. Don’t compromise on the area if you can afford it. Areas with a higher density of residents will tend to be more of a problem as they attract more crime.

Pass through the neighborhood

When you pass through the neighborhood during different times of the day and night, you will see how the neighborhood is like. This will allow you to get a better feel of what you need. You can also go and talk to prospective neighbors in the area to see if the area is worth living in. It also helps to do all your research before you make any decisions. So if you have checked safety websites for crime stats, you will know if the neighborhood is for you or not. A neighborhood with a good watch program is what you will need to go for as it reduces the likelihood of problems.

Once you have met people in your prospective neighborhood, you will know what sort of security measures to take. They will be able to advise you on what is best for you. This way you will be prepared for what can come your way.

Property Manager MA:Audit

The best measure is to do a security audit of your home and inspect everything. This will allow you to fix any potential problems. Invest in some good electronic locks and security cameras if you can afford it. Make sure there are no blind spots though.

Emergency services and prevention

Once you move into the area, see what emergency services are available in the area. This will allow you to plan everything in advance and make your own security and safety plans. So if you know what to do and who to contact this will make your life much easier. Another thing you need to do is to make sure that there are no valuables in open sight. Fix everything so there is no forced entry within the house. When you have secured every entrance, there is less of a chance of an intrusion.

In the end if you do everything right, not only do you secure your home but you won’t have any more issues either.

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Property Manager MA: Winter Maintenance

Property Manager MA

Property Manager MA: Winter Maintenance

Summer has just departed and fall is here to make our lives a bit more pleasant. This is the best time for everyone to start preparing their homes for winter. Winter brings its own share of problems and the best way to counter that is to be prepared.  If you can avoid all those problems, your home will be safe when winter hits. This will also be good on your pocket book.


The most important step is to ensure that none of your water will freeze overnight. In order to have a functioning household, you need proper water supply. If the pipes freeze, not only will your pipes be damaged but you won’t have any water. Start off with any irrigation system you may have and drain it manually. Outdoor taps also need to be drained. Add insulation to the pipes which can freeze in the winter and there won’t be any issues.

Property Manager MA: Gutter Cleaning

Those who don’t clean the gutters on time end up regretting it later. It is important to keep them clean so that there are no issues later. When there is debris and gunk inside, it can cause the gutters to freeze. Not only will water be able to pass through but it can cause leaks and damage to your house. So be prompt and take care of the problem.

Seal Doors and Windows

The most sensible thing to do is to seal everything during winter so that you don’t let warm air out. This will increase your heating bills and could put you in the red. So check for all gaps everywhere and seal them properly. Not only will you save money but you will feel more content and do your bit for the environment and climate change by spending less energy.

Inspect the roof

The roof over your head literally keeps you safe. This is why you have to pay special attention to it and not neglect it. Now is a good time to go and inspect the roof to see what needs to be fixed up there the arrival of winter. This is also the best time to fix any tiles or cracks and repair them as soon as possible. So don’t neglect it and take care of it right away.

When you take care of all those duties, you will be able to sleep easy at night.

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Boston Property Management: Pricing your home right

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Boston Property Management: Pricing your home right

It takes a lot of effort to sell your home for financial and personal reasons. For starters it may be because you have spent so much time there and you may need more space. It is tough to move on but it happens. The most important step before selling is to price your home. This is where the real estate agent comes in and prices your home according to the market value. Some sellers make the mistake of pricing the home on their own and they may end up overpricing it. This means that the home does not end up being sold and you have to wait longer.

Home’s original value

It doesn’t matter what you paid for your home back then as the current value will be different. There can be either an increase or a decrease over time. So you can’t be guaranteed of an increase unless the market is doing really well. The price factor is due to a multitude of reasons and you can’t just pinpoint it towards one.

Boston Property Management: The cost of home improvements

So you paid for a lot of home improvements at home, so that the value will go up. Unfortunately, the price of the home does not rise in proportion with the cost of the improvements. For example, market economics dictate that the value won’t go up by $30,000 just because you paid the same amount in home repairs. The best way to get the right value is to make smart upgrades where they are needed. A real estate agent will be able to help you out there.

The power of emotion should not ruin the sale

When you end up pricing the property, you should do it properly without mentioning unnecessary details. The buyers aren’t interested in your special moments over there as they need to know the important features.  So make sure that you price out the best features so the sale is a done deal. After all your property is an investment and you need to be professional about it.

Your next home’s price

When you price your home well and you make a good profit, you can use that to buy a new home. Just make sure you don’t overprice it because when the home sale doesn’t go through, it will stop you from getting the funds required for your new home. So be smart and don’t overprice your property.

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Property Manager MA: Factors which affect your home sale

Property Manager MA

 Property Manager MA: Factors which affect your home sale

When you are about to go out and sell a home, you have to factor in upon the location, product and the timing. This means that the product and location have to be in the right location and should be the perfect home. Timing could come down to anything and that is something which will not be within your control. So it could be a sale when home sales are slow or it could be during a fast period.

First step

When you are about to sell your home, you need to get word on the value from an independent appraiser. They have a great understanding of the market and they are mandatory as part of the buyer-seller negotiation. After all banks won’t go ahead with the sale till they get confirmation of the value. This is done by getting a physical look of the home. So this will be when they go through everything within the home with a fine tooth comb. Following that it is time to check the entire neighborhood to examine similar homes. However, they have to be appraised from outside and not inside. This can either help your appraisal or bring down the value.

Property Manager MA: Homes which are hot in Demand

There have to be certain features within a home for them to be in great demand. It could be any hot new feature which could help increase the value of the home. Sometimes those features can be installed quickly and they can enhance the value greatly. Sometimes they may not be in demand anymore and they may have no effect on the value of the home. So perhaps it’s an extra room which you have built, a backdoor pool or a brand new kitchen with modern features. They could all give you a premium price. Strangely enough sometimes the interior colors can also have some impact on the value of the homes. However, don’t think that adding all those will increase your value as there are certain areas where it won’t make a difference.

Adding Value

Those sellers who are always on the ball with maintenance don’t find any problems selling their homes. If you end up deferring maintenance, you will have a lot of trouble. It usually ends up costing them more to get it fixed and this can affect your bottom-line. Try and invest in keeping the interiors and exteriors well-maintained.

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Property Manager MA: Getting the best deal

 Property Manager MA

Property Manager MA: Getting the best deal

When you are going around looking to buy a property, you need to make sure you get everything right. There are a few things you need to consider before you end up signing that contract. People who rent are more likely to be stringent so they don’t make any mistakes before they get the home they need.

First Step

The first step in the process is to start looking up listings online. That is when you can see which ones are suitable for you. It doesn’t hurt to dream and go for something beyond your budget. You can always remove that listing when you know you have to shortlist something more practical. The good thing about this process is that at least you will see what you need in a home and how the prices differ across different areas. You will also find out how long it will take for a home to sell. This is the best part of the research as you can do what you like without being approached by the sales team. This is the best time to choose.

Property Manager MA:Second Stage

The second stage of the process is when you go about checking the listings in person. That is when you go around to open houses or making appointments to check the shortlisted ones. You can also use this time to contact the listing agent for questions you may have. It is extremely rare for someone to buy the first home they see. It requires a great deal of effort to find the perfect one. You may have to go around a lot before you find the one you need.

Don’t forget to find a good local real estate agent who can help you out. Don’t just pick one out randomly. It helps to have recommendations and to get a good one who can do a great job for you. Don’t forget that you don’t have to pay anything to work with a buyers’ agent. He/she will do a good job and there won’t be any payment till you buy the house.

Last Stage

They say that human beings have great gut instincts. So if you feel that there is something wrong, then share it because it could lead to more problems later. If you think there is something wrong, you should share so that any potential problems can be resolved.

Eventually when the right one comes along, you will be able to narrow your choices and lock that property in. You will know it’s worth it when you walk in and live in your new home.

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