How Much Should You Spend On Rent In Boston?
Boston Pads Blog
by Andrew Pitsios
1d ago
The question of the day is how much should you spend on rent for Boston apartments? The answer is a bit complicated. First and foremost, you want to live in the most comfortable surroundings possible. However, it makes economic sense to stay within a reasonable budget. The nicest apartment on the block may be incredibly tempting- the more amenities the better. For example, you may want to live in a building that has a gym. Maybe a swimming pool or having rooftop garden is important to you. Perhaps you’d like to have concierge services available on a 24/7 basis. Many tenants desire everything ..read more
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Pros and Cons of Multifamily Real Estate Investing
Boston Pads Blog
by Josue Vargas
5d ago
Investing is one of those things everyone should be taught from a young age. Whether in school or by witnessing elders, investing can lead to a secure financial future if done correctly. Knowing what to invest in is a whole other ball game. Real Estate investing has many forms. From condo to commercial, real estate investing may sound sexy, but it’s not for the uneducated who lack a game plan. Multifamily real estate investing can be especially enticing, but is it right for you? The bright side is that we all have some form of basic understanding when it comes to multifamily real estate inves ..read more
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Top 12 Benefits Of Renting An Apartment Instead Of Buying Real Estate
Boston Pads Blog
by Demetrios Salpoglou
1w ago
It’s been an interesting year so far with rampant inflation, the stock market still trucking along, and high interest rates that never seem to come down. You keep hearing the economy is about to crash and we have a mind-boggling 34 trillion in debt but you’re not seeing tons of corporate layoffs. The mainstream media and talking heads kept predicting a recession, but you feel like you are in one right now. Job opportunities seem plentiful but how is everyone still buying these expensive houses in Massachusetts? If your head is spinning; join the club. I get multiple DMs a day on social media ..read more
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Should You Rent Out Your Spare Bedroom?
Boston Pads Blog
by Demetrios Salpoglou
2w ago
After practicing real estate in Greater Boston for multiple decades; the game starts to slow down and you see things more clearly. Patterns are easy to spot. The same questions come at you year after year. When you have rented thousands of people their place to live you can almost see the direction the conversation is going to go based on the leading questions coming from either the landlord or the client as they walk up to you. I thought I would share the answer to a question I hear at least six times per year from our apartment leasing community: Should you rent out your spare bedroom? Fo ..read more
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10 Features to Look For in Your Boston Apartment Rental
Boston Pads Blog
by Demetrios Salpoglou
3w ago
Living in Boston is an exhilarating experience that most people would envy. If you’re fortunate enough to be in the market for a Boston apartment rental, you’ll want to examine several factors that can make your living experience the best possible. Believe me; there is a difference between an average apartment and a great living opportunity. Details matter when selecting the best apartments in Boston. Here are 10 features you might want to consider. 1. Keyless Locks Let’s be honest, nothing is worse than getting to your apartment late at night and realizing you left your keys at your friend ..read more
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2024 BC Area Apartment Rental Market Report
Boston Pads Blog
by Demetrios Salpoglou
1M ago
The apartment rental market near Boston College will prove challenging for the renter in 2024.  Based on our most recent data, apartment availability is 33.5% lower in the Boston College markets than it is in the city of Boston. Average rent prices are slightly below the city-wide average at the moment, but can vary greatly depending on what neighborhood you are looking.  In this article, we’ll take a deep dive into the rental data trends for apartments near Boston College. Apartment Availability Tight Near Boston College The current real-time availability rate (RTAR) for the renta ..read more
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8 Things a Landlord Can Do to Get the Most Rent in Boston
Boston Pads Blog
by Demetrios Salpoglou
1M ago
The longer you spend in Boston real estate, the more ample wisdom and vision on the best Boston apartment leasing practices you’ll learn. Owning and managing rental properties in Boston requires a significant amount of skill and finesse. Often, it is a culmination of little enhancements and tweaks that deliver the best returns so that you can keep putting money back into your income-producing properties to keep them ahead for many years to come. Neighborhoods can often change over a decade or less and noticing patterns as well as adapting your leasing practices to the current market condition ..read more
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Fire at Your Rental Property? Here’s What to Do
Boston Pads Blog
by Alexander Osornio
1M ago
Apartment rental fires typically happen without much fanfare. But just because we don’t hear about them often doesn’t mean they don’t happen on a regular basis. According to the National Fire Prevention Association, there are an estimated 100,000 apartment fires each year. Boston is an old city with an aging housing stock that is often prone to fires for numerous reasons. As the weather gets colder, older drafty apartments often use space heaters and these can often cause fires to occur. There are still lots of outdated electrical systems in many older multifamily properties and they can be q ..read more
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2024 Fenway Apartment Rental Market Report
Boston Pads Blog
by Demetrios Salpoglou
1M ago
Fenway’s apartment rental market has kicked off 2024 in a much more renter-friendly position than the previous 2 years.  Both apartment availability and vacancy rates have increased compared to 2022 and 2023, giving many more options for renters in Fenway.  Rent price growth has decelerated over the past few months, suggesting that the rapid rent hikes we have experienced since 2021 may be softening in 2024.  These are the trends affecting Fenway’s apartment rental market. Fenway’s Rental Supply Back To Normal The current real-time availability rate (RTAR) for Fenway apartmen ..read more
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Is Boston Real Estate a Good Investment?
Boston Pads Blog
by Demetrios Salpoglou
2M ago
Is Boston real estate still a good investment today in the face of runaway inflation, ridiculous energy prices and high interest rates? Should you continue to sit on the sidelines and wait, or is it time to look elsewhere? Have prices reached the top, and are they about to go down? This article seeks to dig into the fundamentals of whether or not now is the time to invest in Boston Real Estate. With over four million people residing in the greater Boston metropolitan area — roughly 80% of the state’s population — Boston real estate has had a long storied history of increasing values and risi ..read more
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