Property Manager MA: How to unpack at your new home

Property Manager MA

Property Manager MA: How to unpack at your new home

Moving house is a big chore as you need to a lot to get everything sorted out. You will be relieved when all the boxes and your furniture arrives at your new home. Then starts the process of unpacking your belongings and making your place feel like home.

First things first

The only thing is that you can’t just unpack everything till you are prepared. The first step is to clean your home and prepare it. Get down and clean all the shelves, windows and mop the floors before your belongings are in place. You can get a cleaning crew to do it or you can always enlist the help of your family by dividing tasks. Once you know that the home is spotless, you can start putting things in place.

Then you need to check to see if all the items have arrived. If you are careful, you will have used an inventory sheet to do everything. This way you will know if anything is damaged or missing. An organized person will mark each box for the room it is intended for. This way you will be able to sort your items out better. So, take the boxes to the designated rooms and start unpacking them.

A good idea would be to also come with a box of essentials. These are supplies for your first night at home. This is a bunch of toiletries, clothes, medicine, food, medicine, kitchenware, sheets, tools, etc. Then you can start positioning the bulkier furniture pieces and appliances. Smaller items can be placed in the right place and unpacked. Focus on the necessities and do everything later.

Property Manager MA: Bedding

The best idea is to set up a bed on the first night at your new place. You might need help but you can get it done. Once you reassemble the bed, lay down everything on it and get a good night’s sleep. Ensure that you have a change of clothes for the night. Get some sheets to tie on the window if you don’t have the curtains ready.

Bathroom items

The toiletries, medicines are the most important items after the bedroom. Get toilet paper, soap, your toothbrush, toothpaste, towels and shower curtains. Unpack all your bathroom essentials and then take a shower once you are done for the night.

Kitchen

You don’t need to set up the kitchen on the day you move in. However, you will need a few plates and cutlery, even if you order a meal at home. So don’t rush into setting up the kitchen right away.

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Boston Property Management: Ensure a smooth move

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Boston Property Management: Ensure a smooth move

Sometimes moving does not go as you envisioned it. It could be that there will be some sort of problem which you had not anticipated. Usually, something or the other does go wrong when you are trying to move. These are issues which you may not have anticipated or they just pop up at the last minute. Therefore, it is quite easy for renters to make mistakes when they move.

Measurements

The biggest mistake renters make is that they end up getting the dimensions of the room wrong. This means that they are unable to bring their furniture as it does not fit through. This also means that you should find out a way of bringing the furniture inside the house. If you are faced with such a situation, it will take you a lot of time to find a solution. It could also lead to other issues. Therefore, you must take measurements carefully so that you know what you can do.

Inform others

When you are about to move into a neighborhood there will be some parking issues. Therefore, you must inform the neighbors ahead of time if there will be some moving trucks blocking the way. This will give them time to be prepared. This could be likely if you don’t have any place on your driveway. If you are moving into a building, you should decide with the building management, as well as find parking for the truck and anticipate more moves.

Boston Property Management: Environment Documentation

When you are about to move to your new rental, you can take photos of any pre-existing damage of the rental. This way you can protect yourself if there are any issues later. So, take pictures of any damage you see and you should send them to yourself so that you have a date-stamp on it. This way if the landlord of your new home tries to blame you, you will have evidence.

Clean

Before you leave, you need to clean up the home thoroughly so that your landlord or property manager does not bill you for the cleaning. Get it cleaned thoroughly so that there are no complaints. If you miss out on anything, you might have to end up paying for it. You could do it yourself as well but then you would have to do a thorough job.

Insurance

Lastly, you should ensure that you have renters’ insurance and that you update it when you move to a new place. Sometimes People forget to do that and it can be a huge issue. Anything can happen and you can be blamed for it later. So be careful and get it done for the move to your new place.

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Boston Property Management: Why you should attend Open Houses

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Boston Property Management: Why you should attend Open Houses

Open houses are the best way to buy a house. They have been around forever and allow people to get a more personal experience when they buy a home. A buyer will usually go through several open houses before one makes up his mind. An open house is good because you can see things more clearly and ask the questions you want to ask. The only issue is that sometimes people don’t get everything done. This guide shows what you need to do.

Open Houses allow you to understand the Market

You get to learn a lot about the market when you visit a property. An open house is good because you don’t have any pressure on you to buy. It is open to everyone for a certain period and you can have a feel of what you think you should buy. When you attend a few open houses, you will have more of an idea about the market and the prices. The moment you start feeling comfortable, you can commit to an agent.

Boston Property Management: Be good to the agent

Sometimes people don’t sign in while at an open house because they fear being chased by an agent. There is no need to do that if you don’t want to. However, you should be polite to the agent and introduce yourself, even if you don’t want to buy the house. If you want to buy the house, you should let yourself be known to the agent. Also, let the seller’s agent know who your agent is and when the time comes to make an offer, the agent will remember.

Observe other buyers and ask questions from the agent

Once you have the hang of open houses, you will understand more about the activity and marketability of a home. If you see a lot of people walking in and out a home, you can tell that the home has some sort of issue. The body language of the buyers will betray them as well. You Can see that easily when you see them huddling in the corner with their spouses or asking questions from the listing agent. That would mean that it’s a hot property and that you have a lot of competition.

This is the best time to ask a lot of questions. You can get more information about the property as well as the seller. If there are any more questions, you can get your agent to ask the listing agent later. It is advisable to ask those questions right away though. You will also find out why the seller is putting the house on the market if there have been any showings etc. The sign of a good agent is one who will share the information you need.

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Property Manager MA: How to buy a FSBO home

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Property Manager MA: How to buy a FSBO home

It is fun trying to find homes which are for sale. When you see a “For Sale” sign outside a house, it means that you have an opportunity to buy it. Usually, the sign has the name of the realtor on the board. However, there are times when you can find a home for sale by the owner. If you are lucky, you may know a friend or a relative who would want to sell you their home directly. This is known as a FSBO home. There are still some things you should be aware of if you are looking to buy a home for sale by an owner.

Buyer’s agent

The seller will still have to work with the agent of the buyer. The process takes a few weeks and this also means that the buyer’s agent also gets compensated for the job. It is a necessity as the agent will play the role of an adviser and help you through the process of the home search. They have good knowledge of the industry and if there is ever any FSBO opportunity, you should ask your agent to look. After all, they will get paid for their work.

A FSBO home doesn’t have to make you think differently

Sometimes you may end up finding a home at a good location and you may think that it is a good fit for you. However, you are skeptical about it as you don’t know if you can go through a FSBO sale. It should not be a problem, as you will be meeting the owner of the home face to face. It could also mean that you may feel uncomfortable and that this could scupper the deal. You must look past all that and talk to the owner and keep your agent on standby to help you out.

Property Manager MA: Laws

Laws apply to FSBO sellers as well, so this means that they should disclose all problems. They also must allow a home inspection and do repairs. The problem is that some sellers have no idea of how the rules work. If the seller is not being cooperative or giving you proper information, then you know that you should pass.

Overpriced

The other issue is those home sellers tend to be quite invested in their homes and they go overboard with the pricing. They will not be able to attract a buyer and that means the home will be on the market forever. So if you meet someone who is clueless and does not have a good plan, then you should pass on it as well.

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Boston Property Management: Title Report

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 Boston Property Management: Title Report

The title report is one of the most important property documents. It gives the buyer a lot of knowledge about the property which is to be purchased. Basically, it lets you know who owns it, if there are any vesting and all details about the home. If there are any encroachments, liens or easements. It is a document which protects you and gives you some wiggle space. The report is compiled from a search of the county records and any liens are listed as exceptions to the title policy.

The legal description

This is the most important part of the title document. This is like the fine print as it describes the location of the property and the legally defined properties of the home. It is important as you will know what area your property covers and what is legally yours or not. If this is a condominium, then it will let you know if you have any interest in the common area. Not only that but you will also know what you are entitled to in terms of parking or storage as well as exclusive or non-exclusive easements.

Boston Property Management: Taxes

If you are a seller, your property taxes will show up as a lien on the title report. An important point to remember is that you can’t transfer a property unless you pay off your property taxes. So, the lien will mention if the taxes have been paid or not. The owner should settle all taxes before the property is sold. The buyer must ensure that he reads the report.

Mortgage liens

Mortgage liens are third in the order of importance. They are listed in the order of the importance. The one which has the highest priority is the one which is listed first.  When the sale is completed, the liens must be paid off in the order they appear. This means that if there is a short sale and there are not enough proceed to pay off the property taxes and all the lien holders. So, the lender must agree to a short payoff.

Easements

If there is another property owner attached to the property via an easement, this means it will be recorded on to it. It will only be removed if both parties agree on it and then it must be put under a review.

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Property Manager MA: How to research the perfect rental

Property Manager MA

Property Manager MA: How to research the perfect rental

If you can’t afford a home, it is not a bad idea to rent before you buy one. The good thing is that you don’t have to worry about a mortgage, nor do you have to do anything about maintenance. You can simply move if you don’t find the place suitable. All you need is to give enough notice. Rentals differ case by case, so you can’t just go for anything you see.  If you are a family, you must look at the value, convenience and location.

Neighborhood

The number reason for families renting a home in a neighborhood is because it makes it closer to the good schools. If there are good schools in an area, it is more likely that there will be a lot of demand for that area. You must do your research to find out the quality of the schools in the area and see if there is childcare (in the event you are working full time). A good indicator is the economic status of people living in the area. Check out the schools in the area before you move there and ask for recommendations. Shortlist the perfect school districts and narrow them down to the one which will suit your needs.

If there are parks, museums, playgrounds and plenty of activities for children, then you should move o that area. However, don’t let that be the deciding factor as you want to ensure that your daily commute is not so lengthy.

Property Manager MA: Safety

Safety is one of the biggest issues for a family. You would want to move to an area which is safe and inviting for your family. Once you have found a secure area, you will have to see if the rental home is safe to live in. no one wants to live in a house which has harmful lead paint or any black mold on it. You will have to ensure that the house is clean and that it is certified as lead-clean. Ask for any certification to see if the home is for you. If you find a perfect place, check to see if the landlord allows you to childproof the place.

Space

When you are considering a place, don’t go for something beyond your means. Plan carefully to see how many bedrooms you really need. If you need three, don’t go for four unless there is not much of a price difference. There can be more space in rooms so you may consider it a luxury.

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Boston Property Management: Buying a new Home

 

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Boston Property Management: Buying a new Home

Buying a new home is a huge project. You must do a lot of research before you buy your home. These are some tips on how you can save money and a lot of time.

Agent

When you find the right agent, you know you will be able to find the right home. A qualified agent will be your guide and help you find the perfect place. If you can’t get any recommendations, you can always check online and see if any agent has any good reviews. When you screen the agents, you will get someone good and you will be able to buy a home.

Location, Location, Location

When you are looking for a home, you must make sure that you go for the location. Sometimes we buy a home which is not right for us and we end up regretting it. When you buy a house, do it for the right reasons and not because you liked the interior.

Virtual tour of the open house

Technology has made it easier for one to conduct tours of a home without having to be there. You can see if a listing offers a 3d tour of the home. You can check it out from your phone or computer. This saves a lot of time and effort. If you like it, you can always check it in person.

Save time and buy a home, instead of a project

Don’t waste your time on fixing up your potential new home. Just go for one which has already been through the ringer. You just need to make a few cosmetic upgrades if required. It won’t take much time.

Boston Property Management: Buy the home using cash

If you buy the house using cash, then you will be preferred to a customer who can only afford a mortgage. In the event, you can’t get cash, you can see if you are pre-qualified for a loan. This way the seller will be more comfortable selling to you.

Go for a home warranty

If you are a serious home buyer, you should go for a home warranty. This means that you will be able to cover your home if something goes wrong. It could be an expensive mistake not going for it.

Inspection

You need to get a qualified home inspector to check the property before you buy it. A good inspector will give you a thorough report about problems which could snowball into something bigger. So, don’t save money and go for a good quality inspection. You need to find out if there are issues with the property so you know whether you want to buy it or not.

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Property Manager MA: How to buy an Investment Property

Property Manager MA

Property Manager MA: How to buy an Investment Property

You can take your plunge into the real estate world by making an investment. It can be a nerve-wracking decision but it is rewarding as the market is doing well now. It is not easy to get into the market but you will learn quite a lot. These are the following steps you need to make before you plunge into the market.

Down payment and Interest

There is a difference when it comes to financing the purchase of an investment property and an owner-occupied property.  You won’t be able to get any mortgage insurance and you will also have to put a down payment of at least 20 percent on the property. The other caveat is that you will get a different interest rate for your investment property. You must do your homework on this one.

Flipping or Renting

You must know what your strategy is before you get started. Rental And flipping properties are like apples and oranges. You must develop a proper strategy for both. If you know what you want, then it will not be such a big issue.

The issue with flipping a home is that you need to spend a lot of money and valuable time on fixing the home. You must make the effort of buying the property, fixing it and then finding a buyer. The sooner you sell, the faster you make money on it.

The good thing about rental properties is that you can fix it up easily and not have to worry about all the hard work. The downside is that it will take you a long time to get your investment back. You also need to dedicate yourself to spending time maintaining the property and finding tenants for it. The positive thing you can take from this is that it offers you a long-term income.

Property Manager MA: Local Economy

If you have knowledge of the local market, it makes a difference. You must see if the market is good enough for buying an investment property. Do your homework and see if there are people looking to rent or buy homes. It depends on the economy of the area. So, if you think that rentals are hot, you should go for it.

Look at the real estate market

Check out the market so that you get an idea of what rental rates are like. Look at listings for areas you are interested in. Also, try to get as much detail as you can. Don’t forget that you also need to check to see what the repair costs will be. The home inspector costs will also add to it.

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Property Manager MA: Solar Panels for your home

Property Manager MA

Property Manager MA: Solar Panels for your home

It is a good idea to go for alternative energy so that you can power your home. It can be a big decision going for solar panels as you probably don’t know what to do when installing them. The costs and the tradeoffs associated with it, tend to put people off. A lot of Americans are now opting to go for solar as it is proving to be more cost-effective, as it saves money on your electric bill, reduces the carbon footprint and increases the value of your home. It is the best option for those who care about the environment.

 Price

Solar panels are not as expensive as you may think they are. The costs were higher a decade ago. In fact, it is still cheaper than buying a new car. Not only that but you get renewable energy tax credits as well as a 30 percent rebate for installing solar panels. So, if the average cost is $29,000 then that means the actual cost is much lower. If that is not feasible for you, then you can always avail the solar panel leasing program. It won’t be a big blow to your pocket and you will still be able to save money over a long period.

 Property Manager MA: Solar Panels will always work

Solar panels will work even if the weather is overcast or bad. There are several countries where the weather is terrible and yet solar power works, as they run off UV light.  Plus, you don’t have to maintain them so much as all they need is to be cleaned with water so there is no dust or debris on it. When panels are covered, it is an issue as it won’t be able to generate any electricity.

Are all homes ready?

The caveat is that not all homes are ready to handle solar power. You have to check your roof to see if it can handle solar panels. If it can handle it, then you need to take measurements, look at electrical and building codes, check if your neighbourhood has any rules about them and if your state guarantees your solar rights. Once you get all those items through the checklist, you must work with a licensed contractor to see if your home is a good fit for panels.

So, if you can get it all done, go for solar panels and see how you can change your home for the future and the environment.

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Boston Property Management: Outsourcing jobs while House Flipping

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Boston Property Management: Outsourcing jobs while House Flipping

Flipping a house is a lot of fun but it also involves a lot of hard work. This means that there is a lot you want to do but you are unable to do it without the help of contractors. You can’t do much unless you are superhuman. So, you need to cultivate relationships with contractors so they can do the heavy work. The only problem is that you must build those relationships as you are new to the game. Don’t make the mistake of doing everything as yourself, as you may not know how to do it or end up hurting yourself. The costs of someone will be high but at least you will save time and it won’t be a burden on you. These are the four jobs you must give to others for the job.

The Roof

The roof is literally what keeps the home safe. There are times when you need to fix the roof of the home. Unless you are an expert roofer, you should not do it yourself. It will take you a very long time to work on it and by that time you will lose your direction. This also means that your flipping project will go haywire and you will have lost a lot of money. So, make sure you hire an expert to take care of the roof so you can finish the homer faster. Inexperienced people also tend to make mistakes and this can add more to your costs. The worst thing that can happen is that you will end up ruining something and you must work on more things in your home. So, let the professionals fix the roof for you while you focus on something else.

Boston Property Management: Plumbing

Plumbing is like the lifeline of a home. All the pipes are the arteries and if they are severe, they can lead to the decay of the home. Not only that but it is a very lengthy process and can be very costly if you get it wrong. Therefore, it is worth hiring a professional to work on the plumbing as the cost will be higher if you do it yourself.  You will pay a lot more for it but you will not have to incur any hidden expenses.

Structure

You will be tempted to go for a house with an open floor plan as buyers will go for it. The only way for you to do that is to break some walls so you can get an open floor plan. Unfortunately, you just can’t do it without doing your homework. There are some walls which are load-bearing and that means that the house can collapse if you knock them down. A professional will be the only one who can make the right recommendations. He will approve which parts of your home are safe to knock down.

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