All Forum Posts by: Kevin Olson

@Account Closed I would reiterate the going sentiment so far, as far as emerging Fall River and worcester areas would be squarely targeted for that in MA. Areas like Quincy have appreciated tremendously but in the relative scheme of Boston would be considered "emerging" for Boston. 

Would like to hear how mgmt, and your returns have been in the Fall river area. Good luck and look forward to being in touch. 

@Josh Robbins sounds very interesting from a cash flow perspective. Obviously being from North of Boston these are #'s that are hard to find locally. I'd be interested to hear more about the market and the condition of the proeprty. Unforeseen Expenses can kill cash flow, but other than that looks great. Good luck!

@charlie please send me details as I have interest in buy n hold in the area. Thanks, 

Congrats @J.Martin , thats awesome to hear and love to see goals achieved! Thanks for sharing. 

Lior Rozhansky interesting data, as a broker in the area I would say the rental rates and so forth are accurate. Like you said with the new construction in the center as well as southie's continual it will be interesting to see what happens to Quincy and submarkets nearby.

I had a  similar situation recently with one of my tenants, fortunately my circumstances were much different with lease terms and family. We were able to agree on the "moving out" process of her possesions and timelines associated with rent, etc. 

Hope you find similar luck throughout a difficult process. 

@Dave Meyer Thanks for the analytic, I'm sure the long time forum contributor's can attest to this form of networking and contribution helping their business tremendously. 

@Ray Hespen thanks for the feedback I appreciate it, and that is where my numbers were coming in from what I've seen in the past. I'll look into the different software you mention, and one property I would be managing I am a partner in. Most likely go with Quickbooks unless something blows me away with the level of Real estate automation. 

Be in touch, would love to network. 

hi BP, 

Advice question for property management and what you have found as easy to use, fairly cost effective management software. 

I know property to property it varies, and I'm sure state to state, but I am looking at managing a couple small multis in Mass and growing from there. I've seen fees associated from 5-10% of gross income plus leasing fees etc. Would 7% be a fair number for 2-5 unit properties?

Also any current property management software recommendations would be greatly appreciated. 

Thanks!

Great, look forward to finally making one of these events. Thanks for putting it together, and interested to see your flip! @Justin Silverio