You’re a Greater Boston Property Owner and want to rent out your Boston apartment as quickly as possible to the best tenants. You face free market forces, and just like in sports, you must compete to win. It is incumbent upon you to figure out a way to make your rental unit stand out in a crowd. Even with the slowdown of new construction in apartment rentals due to inflation and high-interest rates – that doesn’t mean you are in the clear. “Differentiate or die” – it’s a term often used by urban planners to help communities rethink their Greater Boston development strategy. The same line of t ..read more

In Massachusetts, a newly introduced legislative proposal, House Bill No.  H.4474, titled “An Act Relative to Consumer Rights of Renters,” is quite toxic and untenable for property owners, renters, and real estate professionals. Let’s delve into the key aspects of this bill and explore the harm it would create for our Commonwealth. Key Provisions of Bill H.4474 Lease Renewal Restrictions The bill restricts the ability of lessors to require the renewal of a lease more than three months in advance of the current lease’s termination. This will significantly disrupt current leasing practices ..read more

Boston’s apartment rental market has experienced unprecedented price increases over the past two years.  The average rent price for a Boston apartment is up an astounding +20.56% since April 2022 amid a resurgence in apartment demand and a shortage of available housing units.  The cost of renting an apartment has never been higher in Beantown, leaving many to wonder when relief will arrive for renters in Boston.  Our poor national energy policy with soaring gas prices helped spark inflation that sent nearly every aspect of construction and renovation pricing far higher.  ..read more

The apartment rental market in South End Boston might be leveling off in 2024 based on our most recent apartment data.  Total inventory for available South End apartments is up by +62.40% year-over-year while the real-time vacancy rate (RTVR) is up by 50%.  Despite some relief in inventory scarcity, rent prices are still on the rise.  South End’s current average rent price sits at $4,190.  Here are the trends affecting the apartment rental market in South End Boston. Apartment Supply Shortages Could Ease In South End The current real-time availability rate (RTAR) for apa ..read more

Boston’s real estate market got off to a sluggish start in 2024.  Total Boston real estate sales are down -10.62% compared to 2023 and down -33.75% compared to 2022 on account of rising interest rates.  Still, with housing inventory so low, median sale prices for all property types are up +9.81% in March year-over-year and showing little signs of going down.  Here are the trends affecting the real estate sales market in Boston. Boston Real Estate Sales Continue To Drop The city of Boston recorded 850 total residential property transactions through Q1 2024.  Compared to 951 ..read more

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

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

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

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

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