When Boston restricted STRs to owner adjacent or owner occupied and forced Airbnb to remove illegal listings off their platform, it took 3000 units off the STR market.

My girlfriend and I live in Boston, and our rent keep getting expensive, to the point we were living check-by-check.

I am trying to analyze my first rental deal and I was wondering if anyone in the Boston/Worcester/Springfield area has any experience with paying a local property manager and what your monthly percentage cost is?

After that purchase I did not have enough money to buy near Boston so I purchased in Springfield.

but I also was wondering if some of the well seasoned pro's wanted to step into and give there two cents on Boston, from what I can tell, it's a very rental heavy place because of all of us college kids, but it also seems like its very expensive, so I was just curious how does everyone go about finding deals in such an expensive market?

I see management fees around 3% to 5% of the gross income in the Greater Boston area.

Currently, I do not have a car, so I don't have consistent transportation.

In the Boston area, September 1st is the big date.

A starting point would look something like the following.First outline the process.Identify marketcorelogic; Uhaul data; census data; Airbnb Data; Zillow data zestimate vs rent rate; Houses on market, consumptions rate, etcOutput: what market has potential inefficiencies or unforeseen growthIdentify neighborhoodsschool ratings; public transportation; crime spot data; HOA quality; proximity to major employer and average wages; opportunity zones; historic appreciation; historic average rental rates; etcOutput: what is currently working the area and what are BP members doing there as well as unforeseen growthIdentify strategies that are best for the given areasshort term; long term; BRRRR; arbitrage; etcOutput: which strategy is more efficient or applicable from user inputIdentify realtors/wholesale/etchighlight most active realtors/wholesale companiesOutput: connect with and understand local marketFunding typesbased off the price and type of units what is available and who offers the funding; BP member input on successful previous funding deals Contractscurrent trends in the area to close the deal from in the local marketManagementhighlight local management for long term or short term; contact info for Core four, inner and outer circle.

I'm in the Boston area and purchased a brownstone that has one connected brownstone by a fire wall on its right side.