Case Study: 12 Unit Multi-Family Property Repositioning Project

Why Should You Even Consider Hiring a Property Manager at All? We have been Real Estate Owners and Property Managers going on two decades. We have seen market cycles ebb and flow in that time and have seen peaks of prosperity and valleys of burst bubbles plummeting properties to pennies on the dollar. I would never claim to know it all, but we have seen, been through, and experienced a lot. One afternoon I found myself in the office of a long-time Realtor associate that we have worked with buying and selling several properties from our own private portfolio. The conversation reflected on current real estate market trends, to her[…]

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How to Balance Your Steam Radiator Heating Systems

Once again we are starting another heating season. In the Northeast there are several older buildings that still use steam radiators as a heating source. Out of oil furnaces, gas burners, electric heat base boards, forced-hot water radiators, forced hot air, or other types of heating sources – steam heat is actually one of the most efficient heating sources available. You will find once the cast iron radiator gets up to speed and is fully heated, they will retain their heat and stay warm long after the thermostats stops calling for heat, as well as the piping system to feed the heaters radiating heat all the way from the furnace[…]

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“Coffee, Tea, or Me – ending up feeling not so special”

Looking forward to the BIG day: My youngest son Brian and his wife Stacy were married April 27th, 2019 nestled in the beautiful, rolling, romantic, panoramic hills deep in the heart of wine country, Southern California. It was a day we had anticipated since he was a small boy and it was finally here. Preparations had been made for family to arrive in California to attend the wedding from different parts of the country converging in sunny California to celebrate the festivities with family and friends. There were four different venues we were delighted to partake in and carefully had planned out each day months in advance. There was dinner[…]

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“It’s Just a Joint! I am not hurting anyone!” Or so you may think.

The Setting: Once upon a time, in 2016 the Commonwealth of Massachusetts Cannabis Control Commission passed the state law for Chapter 334 of the Acts of 2016, The Regulation and Taxation of Marijuana Act legalizing recreational marijuana under certain conditions and situations. Everyone voted it in with a wide margin. But hardly anyone actually read the law to see what it said for what it did and didn’t allow under the statue. In the law, under SECTION 5. “The General Laws” being hereby amended by inserting after chapter 94F the following chapter: CHAPTER 94G – REGULATION OF THE USE AND DISTRIBUTION OF MARIJUANA NOT MEDICALLY PRESCRIBED; Section 2. Limitations: (d) Property.; there was[…]

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Top 10 Tips: Guerrilla Tenant Screening Tips for Landlords

A Property Manager’s Field Guide to Successful Tenant Screening Policies & Procedures “Tenant Screening by far has to be the most important responsibility of landlords to avoid ending up in housing court.” – Chief Justice Timothy B. Sullivan It has been said by many landlords and other rental and real estate professionals, much wiser than I, that the primary function of a successful rental business is the process of an effective system to screen for good residents. Having the wrong resident in your property can be the beginning of a downward spiral that can be hard to recover from financially, and take too much time to reposition the property to[…]

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Real Estate Networking for Newbies

YOUR ELEVATOR PITCH: This is the start of the relationship and the first impression. A good elevator pitch will be short, sweet, and to the point. They call it an elevator pitch because it shouldn’t take that long to explain what you do. It should be simple enough that a child can understand it, and short enough to finish before you reach your floor destination in the elevator. They keys basic to the pitch are WHO you are, WHY you are like them (this may change depending on your audience), WHAT you can do for them, and HOW they can take action. NETWORKING COMMENTARY: Me, me, me is dull, dull,[…]

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Top 50 Property Management Software Product Evaluation Questions

We are undergoing the painstaking process of find the right program for a property management software to best suit the needs of our residents, landlord clients, and of course, the Belaire Property Management staff members. We have been scouring through the online reviews, watching tons of YouTube videos to see what is out there, and comparing as many features as we can to try to find the right fit. We are happy with the systems we currently have in place, but we know down the road to hit our potential growth goals, we need to make changes now to create a smooth transition to where we want to be. We[…]

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