11:43am Friday, July 10, 2020 You need YOU, to Act Now!
Good morning, They've crafted a Bill in our Legislature that would provide Tenants with at least a year of Forgivable No Rent. This would put Landlords out of business, make occupied Property Unsaleable and even obscure Plan B (those wishing to sell later but reduce their carrying costs by receiving (or not under HD.5166) rent during that interim).
There are details on our Blog and I believe acting NOW, to defeat this potential Bill, is better than later.
You are also invited to a Zoom meeting: "Acting, Tenant Screening & Construction Costs."
When: Jul 10, 2020 06:30 PM Eastern Time (US and Canada)
Register in advance for this meeting:
After registering, you will receive a confirmation email containing information about joining the meeting.
I look forward to see you this evening! Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945
PS Also an interesting InfoGraph on "Tax Day" in the Blogs.
We look forward to see you on the next Zoom "first Friday" webinar, Friday, July 10, 2020 6:30pm! Have a Safe and Happy 4th of July. There's an infograph "July 4th by the numbers!" which you'll find interesting, on our home page Blog.
Interesting Zoom webinar last week with an analysis of Sales Trends in several North Shore cities and Towns by Lincoln.
Then we had some comparisons by Robbie on Houses that were "Flipped" (actually Bought-FixedUp-Sold) in the area and their percentages of Gross Sales Increases (+46-220%:-0)
Also Robbie gave us an example of how hot the Market is now. She took a young couple (one of the many Buyers and Sellers she's been working with) to see just and average Home for Sale in Framingham. When she contacted the Selling agent they told her there had been 71 Showings and they were now going through 18 Offers!
June 30, 2020 6:30 - 7:30pm EST Zoom Meeting
Market Analysis, I'm working on.... What have YOU been working on? Do you have a Rehab under way for a Social Tour/BBQ for our Tuesday July 28 meeting?
Good morning,Thanks to all our members who renewed their Membership in MassRealEstate.net & NewHampshireREIA.org Only $99/year
You get all those Benefits including the (4) Home Depot: 2%Rebates, Appliance discounts, 20% off all paint at the check out register & access to the Bid Room.
Also access to a Tenant Check service and a new Skip Tracing company!
Mike Hurney is inviting you to a scheduled Zoom meeting this evening. If you have an area that you'd like analyzed let me know ASAP, Mike
Topic: Market Update MassRealEstate.net & NewHampshireREIA.org Time: Jun 30, 2020 06:30 PM Eastern Time (US and Canada)Join Zoom Meeting
Meeting ID: 875 4032 6959Password: 803239
I look forward to see you this evening! Mike Hurney Director, MassRealEstate.net & NewHampshireREIA.net PO Box 307, Marblehead, MA 01945
** Local Market Update - Danvers, MA (because we used to meet at Kellys in Danvers):
Danvers, MA SF - SOLD Last Quarter 3/1/2020 - 6/1/2020
Single Family Listings: 36 Avg. Liv. Area SqFt: 1838.69 Avg. List $: $518,902 Avg. List $/SqFt: $297 Avg. DOM: 37.94 Avg. DTO: 24.19 Avg. Sale $: $526,453 Avg. Sale $/SqFt: $303
SF - SOLD Previous Quarter 12/1/2019 - 3/1/2020
Single Family Listings: 36 Avg. Liv. Area SqFt: 2072.92 Avg. List $: $518,605 * Avg. List $/SqFt: $275 * Avg. DOM: 52.53 Avg. DTO: 37.42 Avg. Sale $: $514,914 Avg. Sale $/SqFt: $271
ALL Available, (currently On the Market)
Single Family Listings: 9 Avg. Liv. Area SqFt: 2013.67 Avg. List $: $570,150 Avg. List $/SqFt: $330 Avg. DOM: 34
Condominium Listings: 10 Avg. Liv. Area SqFt: 1708.1 Avg. List $: $449,730 Avg. List $/SqFt: $279 Avg. DOM: 31.6
Multi Family Listings: 2 Avg. Liv. Area SqFt: 2,005 Avg. List $: $646,500 Avg. List $/SqFt: $322 Avg. DOM: 45
SF - SOLD Last YEAR Quarter 3/1/2019 - 6/1/2019
Single Family Listings: 41 Avg. Liv. Area SqFt: 2301.73 Avg. List $: $559,995 Avg. List $/SqFt: $271 Avg. DOM: 45.02 Avg. DTO: 30.34 Avg. Sale $: $553,682 Avg. Sale $/SqFt: $271
Want a quick analysis of your "farm" (City or Town)? Send me a quick Email. Mike
** "Where the heck is the *5/8" Fire Code Sheetrock? *1-5/8" GripRite screws? *Dewalt Screw Gun? *Glidden Drywall Primer?"
"I'm in Home Depot a lot, which means I'm busy and I'm MAKING MONEY. Whether it's a new Rehab or an Upgrade. However it's like I'm always looking & looking for stuff."
Well it seems I should be going to Aisle 12/Bay 2, Aisle 15/Bay 11, Aisle 09/Bay 14 & Aisle 03/Bay 13 for the above items because I started using the PRODUCT LOCATOR in the Home Depot App on my iPhone.
Saving TIME for me is very important, especially at Home Depot. So in addition to the great savings we get from maintaining our memberships at MassRealEstate.net & NewHampshireREIA.org. Only $99/year:
PS Did you know you can have MassrealEstate.net Skip Trace for you with iDi? for around a dollar a piece! And Tenant Check for only $20 each. Listen when you're renting a unit worth $100k+ and theirs a moratorium on everything from Evictions to Mortgage payments then you better know who's renting and how to find them!
I look forward to see you soon, Be Safe! Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945
*Monday, April 27, 2020 7:00pm Get Ready during Quarantine w/Tony, Atty. Jonathan update on his RE Closings & CARES ACT $/your Taxes. We covered: 1. Sometimes you need to spend time to sharpen your Ax (preparation) before Cutting Down that Tree. Tony has some great tips on How you can ready for the Real Estate market once we're out of Quarantine! Home Depot discounts 2. Attorney Jonathan is Closing his Clients Selling & Buying Real Estate quickly and with minimal problems while many others are On-Hold or having long delays. 2b. & By the Bye Now that we have some time on our hands you may find it advantageous to put these important documents together:
Power of Attorney, Health Care Proxy & Will Last year Attorney Jonathan spoke at our Main meeting, then had us at a Saturday Seminar and offered to put the complete package together for a nominal fee. Robbie & I took advantage of it and were very pleased with updating and redrafting these important documents (our youngest daughter wasn't on any of those Documents, because we had done them so long ago that Victoria hadn't even been born yet: -(.
Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945
1. Click here: Treasury Docs & Policies
2. You may want to check the SPOA.com site for important Landlord issues like How Groups are trying to bring Rent Control back in. SPOA.com suggests you follow La Vida Urbana to see how well funded they are. Also a great suggestion (AND Forms) for Tenant at Will during this crises.
3. Stay informed at Click here: NREIA Covid update
*4/22/20 Landlords, You won’t believe this…
Click here: MA Tenant bill
"No evictions for 45 days past the State of Emergency & it can be extended by Governor Charlie Baker for 90 days without requiring any legislative action… and you can’t give any notices or late fees!" 🙁 Mike
THE most important thing you can do, right now, (after keeping you and your family safe, of course!) is to understand the Federal Government's Major emergency relief act.
*CARES Training Package.(Live call is 10am, Monday April 13, 2020). This includes:
#1: the 2 hour 45 minute long in-depth training video,
#2: the live Q&A session with Tax Attorney John Hyre, and
#3: Ongoing updates as more rules are issued.
*Movers and Shakers, Friday, April 3, 2020
"DS News" - Mortgage Services Bracing for Forbearance Impact. Link *Len Theran - 3 tips so you don’t get a claim denied. Email *Cares Act. Link *Hudson & Marshall Auctions. Link *Ron LeGrand - is using a service that will make thousands of Door-Hangers and hang them on doors for you…. *Dave Lindahl - says be sure to schedule your closing 90-120 days out. *Jonathan White - Initial & Final docs must match, may want to use the same Atty. Good luck evicting but file ASAP. If you’ ve got an Equity loan take it out of that bank and put it in another w/the Pandemic they may freeze it. *I already had sent out the link for the $2T breakdown. *National sent out a letter with a link to contact your politicians, you may want to use it. *What I’m doing - Probate, Skip Tracing & unlocking all the coin boxes = no charge, for the coin-op washers and dryers.
*Main meeting, March 31, 7pm OnLine Webinar: Market Update, Home Depot and Attorney Jonathan. Meeting Recorded: Click here: 3/31 MassRealEstate.net Main meeting
*Movers & Shakers - Friday, March 6, 2020 7 - 8:30pm (1st Friday of the month) meeting at Kelly’s Roast Beef, 165 Endicott Street, Danvers, MA 01923-3657
*Main meeting, March 3, 2020 6:30-9pm main meeting Has upfront Estimating given you confidence that gets derailed when you're under Construction:-(
*Movers & Shakers - Friday, February 7, 2020 7 - 8:30pm (1st Friday of the month) meeting at Kelly’s Roast Beef,