All Forum Posts by: Mike Hurney

This Bob Bono's group?

I'll see you in 2 hours, 6:30pm at DesignGroup47 com

May 31, 2022 6:30pm Mike

#Linc's Market Update & an Infograph of What every Homeowner should know (Recession Impact;-0 you may be surprised)

#Networking, Marco's Pizza.

#Messages from our Vendor members:

Attorney Jonathan

iTrip short term rentals Expert Liann

Mortgage Guy, Mike

Professional Loss Adjuster, Len

#Insulation $avings & MassSave with Expert Rick.

#Update on our project, ready for Closed Cell & Minimizing Carrying Costs.

#Handout of our 19 Vendor Affiliates, especially Home Depot.

#Brian, National head of Home Depot Association benefits

I look forward to see you there! Mike Hurney, Director, MassRealEstate net & NewHampshireREIA org PO Box 307, Marblehead, MA 019454

DesignGroup47 com, 47 Newbury Street (Route 1 North, just before Sonic carhop, Peabody, MA 01960 No charge to Members, Only $25 for Guests & Only $99/year to Join.

[email protected]

Just North of Boston, Massachusetts and a little South of New Hampshire

@Daniel Scruggs

Nike: "Just Do It!" (yourself)

"...service just to collect rent and maybe find a contractor / handyman when needed." How about providing tenants with the Routing and Account numbers for your bank account. And an annual visit to check the condition of the units, with potential Contractor/Handypersons?

Once you've got volume, then hire someone directly to PM. I've found the typical Brokerage has the new person handle rentals "to get some money before the Listings/Sales kick in". They've got a split allegiance between you and the Brokerage Owner and guess who wins most of the time.

Good luck buddy and keep that Buying machine going!

Have a Safe & Happy Memorial Day, see you Tuesday 5/31

Good morning, You're welcome to check out a Great short video on our site MassRealEstate.net "Freedom isn't Free"

Tuesday:

Networking, Marco's Pizza, Market Update with Lincoln &

How to Max out Insulation for Big Energy $avings with Expert Rick. Do you know when it makes $ense to use Closed vs Open cell insulation or blown in Cellulose or Fiberglas? How about the Building Code requirements? You'll know for sure after joining us next Tuesday 5/31

What else are you guys doing to Combat inflation?

Let's network to find out, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 No charge to Members Only $25 to attend or Only $99/year to join.

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Another high end builder, Member, showed us how they're using CDX with Tyvek, instead of overpriced Zip panels, so they can concentrate on the details that show!

PPS Don't forget to keep your Membership current for all the Home Depot Benefits and Discounts.

Of course you know we're just North of Boston, Massachusetts and a little South of New Hampshire.

@Marvin Michel

besides your and our efforts, especially @Al D.

what's your Broker getting paid for?

I always know and check my competition, sometimes even providing potential renters with a list of the Overpriced or Distant competition.

"No Pets" might not be helping. Until I allowed them (document 30# or less) I had to turn away over half the applicants.

Mike

PS Do this yourself and take your SoulMate out for the night with the commission you'd waste on this Lazy so & so. You're responsible for everything anyway!

@Eileen Brown

Good morning Eileen,

I would set a time line and maybe make some sacrifices to get what/where you need.

There are many caring people looking for pets, if you need to reduce your "pack".

Mike

Remind me why you "Ha e to mo e back to the area for medical reasons."

@May Navamon Aunaetitrakul

I like group showings, then joining (by me or my agent) Tenants for the move in.

Some folks like individual appointmented showings. Depends on your style. If you can't deal directly with people, make sure your agent can.

Long ago you could lay-off L/T problems to a Property Manager, no longer, dispute or legal actions go right to the Owner and a 12 year old kid can track down the actual owner!

Combating "Transitory" inflation

Good morning, What are you doing NOW?

(email that went out this morning) Besides Maxing out $Insulation to contain Energy costs and $Pressing our material Suppliers, when they say they'll beat a competitors prices, What else are YOU doing?

How you can Max out $Insulation, from A-Z! 5/31 meeting.

$Pressing Suppliers to beat their competition.

Example, last month:

1/2" Advantex T&G $105 plus tax, Home Depot Salem, MA

$85 Jackson Lumber, Manchester.

Home Depot Manchester beat it at $80 so we purchased $2k worth (of this and competitive CDX sheathing)!

What else are you guys doing to Combat inflation?

Let's network to find more techniques for this, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com

I look forward to see you soon!

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org

@Nadine O.

How about your own neighborhood? You're there for a reason!

You could go to your local REIA meetings and get away from the Retail market.

Heading deeper into this Recession, what to do?

Good morning,

As you know Energy prices have increased dramatically with No One making any effort to lower or even stop them.

Problem:

93 octane gasoline was about $2./gallon January 2021, now $4.51 after 5 increases, just in the past week and predicted to be over $6./gallon by mid Summer!

Diesel fuel which powers the trucks that faithfully bring us EVERYTHING we need, unless you live on a self sustaining Farm and are surround by Manufacturers that can make everything for you from building materials to appliances to clothes. Diesel has gone from $2./gallon to $6.51!!

The increases seem to be X, Y or Z's fault i.e. Putin's fault, Trump's fault, the greedy Energy companies faults, etc

Personally, I see this as a manufactured crises with an insidious goal.

So what to do?

Contact your elected representatives?

Even if they respond, you can expect something like:

"Buy an electric car that doesn't use expensive gasoline!"

or

"It's not my fault, it's X, Y or Z's fault and I'm doing everything I can to stop it!"

Most of the folks this email reaches, are Self Starters: Contractors, Landlords and Investors that usually don't wait for something to happen, you go get it!

Kind of summed up with this advice:

"Don't wait for your Ship to come in, Swim out to it!"

Facts

#2 Heating Oil is at a record $6.51/gallon, same as Diesel fuel with all it's State & Federal road use taxes. Diesel fuel actually is #2 Heating oil! (If you start to run out of Heating oil and call your supplier who can't deliver right away, they'll tell you "Get a gas can and fill it with Diesel, you should be fine, until we get there!)

#2 produces about 130,000 Btus with a lower heat conversion of about 79% efficient, net 102,700 Btus to heat your home.

Natural gas is still a bargain $2.09/therm* (100,000 Btus) with a higher efficiency in the 90s (net 90,000 Btus to heat your home). Incidentally how long do you think natural gas will be this much lower? Before the suppliers also jack their costs to you up??

Those adjusted factors can help estimate your 2022/23 annual Heating costs:

Natural gas = $1200 -1500/year

#2 Heating oil = $3600 - $4500/year

Again, so what to do?

Well, Tuesday, May 31, we've got an expert that'll show us how and where to seriously impact these HIGH energy costs in our homes and buildings. Right now, for instance, I'm looking at the highest R-value (R = Resistance, Btu/SF/degree F) insulations R38 versus traditional fiberglas R19.

I look forward to see you at this important meeting DesignGroup47.com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 Tuesday, May 31, 2022 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

*$2.09/therm is based on March 2022 Natural Grid R-3 Res Heating rate. ($327.40/156 therms = $2.098)

and of course you know we're a little North of Boston, Massachusetts and just South of New Hampshire.