All Forum Posts by: John Barry

@Nik Moushon this surveyor is quite versed (as far as I know) in code but we will certainly be getting an architect involved soon. Thanks for the reply

@Kyle Jean thank you for the reply. I should know more in the coming weeks after meeting with the construction side of the project. Thank you

@Matthew Baltzell appreciate the reply

Looking for any ideas, feedback, concerns on the building of a 17-31 (there were 3 options given by surveyor on building layout on the property and that would be reason for the vary in unit amounts. The option with more units would include parking underneath the building) unit building.

Land is already acquired, surveyor has come and plot out property lines and also has drawn building, parking and green space out. They have also done what they are calling a “utility test” as well as a “soil sample”

We are meeting this week with a local well known construction company for the building side of the project. (I plan on getting guidance from them)

What I am looking for is any advice on breakdown of units: all 2 bed, divide it up make some different size units? Ideas on how to generate the most income from the property: coin op. Any feedback on “tax breaks” for affordable housing.

Also if you have knowledge and experience I would like to hear about the actual building options: brick exterior vs vinyl, amenities that are of value in each unit. High end vs builder grade finishes.

Location is in the 01905 area

Thank you for reply

My father owns a piece of property that currently has a triple decker on it. Years ago he started (then paused, now actively pursuing again) tearing down existing building and building a 21 unit building on it. Looking for opinions, feedback, pros and cons to building the building as condos and simply selling them off 1 by 1 or building the building and keeping all units and renting them I have real estate license Any and all input would be appreciated Thanks (01902)

Long story short I have a tenant who got into an argument with girlfriend. She is not on lease only him. According to him (and the police) she hit him, he calls cops, initially they tell her to leave, she then goes and gets restraining order on him which results in her (according to a judge?) being able to stay at apartment and they told him now to stay away for 10 days There lease is set to end at the end of this month. They both are now expressing interest in staying in the apartment. She is currently in the apartment at the moment They are both aware that lease ends in a few weeks. What are my options? Multi is in Massachusetts. (01907) Thanks

Thank you very much for the quick and informative feedback..... How does it work with the security deposit ($1000)? Thanks

Long story short I have a tenant who informed me he had a dispute with spouse and he can no longer live in the apartment. We have a 1 year lease in place, we are in month 3. He has asked that his name come off the lease and his spouse name rename that way he doesn't have to move his daughter. I am not comfortable with allowing that as her income may not satisfy my formula for affordability on her end. He mentioned she would like to move a roommate in, but who knows how and when that would take place Rent is due June 1. I also have $1000 security deposit from tenant. If needed I am sure that I could find qualified tenants on my own in a faulty timely manner. What are my options? Multi is in Massachusetts. (01907) Thanks

Massachusetts landlord, looking for the good, bad and the ugly on security deposits. Where do you investors keep the deposit, what name is the account in, and how do you handle the interest? Thanks