Howdee Everyone, Another big win! For HB1320, Flood Insurance, Amendment # 2024-1247h has removed the entire extremely trouble landlord/tenant section of the bill. Continued big win. HB1368, Anti-algorithm Rent Pricing Full House voted and HB1368 is now dead and will be dropped from future updates. HB1115, Lease Expiration As Ground For Eviction passes House by slim majority. See Action Map & Update Summary for all of the above. Next House Session Thursday, March 28, at 9:00 am Next Senate Session Call of the chair

Update Summary Note: some links have changed. Always use latest links in latest update. Also note that we often keep previous update info on items still active because there are often new members signing up and receiving the updates. So we want them to have the info. Please have your housing provider partners and friends join us. The more members the stronger we will be. EPA Crackdown on RRP in Manchester, NH Big heads up to be sure you, your partners and subs are in compliance. Are you prepared? Or will you be paying gigantic fines to the EPA? The RRP class focused for housing providers, managers and their maintenance where you can ask the specific questions you need answered regarding lead paint, EPA and RRP certification is filling up. Register now. The class is Monday 4/1/24 at a very landlord friendly Manchester, NH, location. If it fills up we will pl ... Read More…

 iv.  Mobile Banking For Real Estate Investors by George Skidis

Today mobile banking for real estate investors is the next step in our investor evolution. The following article will let you know why this is happening and what you need to know.

Many of the real estate investors I know are over 60 years old and have no desire to change their ways. They have a proven system and don’t want to fix what isn’t broken. As an investor with a little over six decades under my belt I have personally embraced mobile banking in several ways. Unfortunately I am not comfortable in a few others.

Why Things are Changing

The Millennial Generation is a big part of the reason. They have embraced mobile banking and are driving the wave of the future. Smart phone technology has greatly simplified routine business activity through the use of mobile phone applications. You can access company accounts and connect with your business bank.

A while back it was time to renew my driver’s license. We had also moved into our new home a short time prior to that. It was Saturday morning and my license expired on Monday. At that time the DMV was closed on Mondays. After waiting in line at the DMV they said proof of residence was required with a bank statement or utility bill. After waiting in line for 40 minutes, would you want to leave and start over? While standing at the counter I was able to log into my bank account using a mobile phone application. Then ... Read More…

https://www.breitbart.com/immigration/2024/03/21/invade-abandoned-houses-venezuelan-migrant-promotes-taking-advantage-of-squatters-rights-in-viral-video/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_campaign=20240322

... Read More…

 A System and Discipline by Tony Youngs

I remember when I attended my first seminar back in the 80’s the speaker said you have to have a system and discipline. I knew what the system was because he was teaching it. But I did not know what the discipline was until I began to apply the system. The discipline is that you have to take the action to make the system work properly. Through months and years of trial and error, I now know what he meant by discipline. I had to discipline myself to always take action, even when I didn’t feel like it. Despite all the easier softer ways of doing things today, I still sometimes don’t feel like it. But I force myself to take action.

Many years ago, I found something on the internet that I printed and framed and it is on my office wall. It’s called, the “7 Excuses”.  I can’t do it, I’m not feeling it right now, I’m too busy, I’m too tired, There’s no guarantee it’s going to work, I’m not good enough, and my luck sucks. I still to this day do not know who the author is, but I read that from time to time to keep me motivated. I always check to see if I’m making excuses. Let’s break it down.

I can’t do it: if that’s what I’m thinking, I’m probably right, But if I change it to, I can do it, I’m also right. I must program my mind that I can do it, Then all I need to do is try, and if I run into a hurdle, I find a wa ... Read More…

 

One Rental at a Time, one of the few YouTube channels I follow, recently had a video titled WARNING: The Average American Can Not Earn Financial Freedom. The title is obviously to grab your attention, however, I think the message was sound, the average American CAN reach Financial Freedom, BUT you CANNOT stay Average to achieve it. This is one of the most overlooked aspects of Financial Freedom, it requires a personal transformation and massive personal growth. You will need to learn personal finance, business strategies, and laws, become an expert in the market, become a master networker, negotiator, and more! If you go through all of this to obtain Financial Freedom, when you make it, you will no longer be average!

&ck=018ce45c-0c64-4bcc-b6aa-e2ca2e36e880 ... Read More…

Don’t forget our report sheet format, the 3 Column: WID - WH - WIWIHD      (What I Did? - What Happened? - What I Wish I Had Done!) Organizes your thoughts & Prepares you to NOT make that same 1st decision.

 

Next, Don’t freak out. Mold is everywhere, all the time, like most bacteria & it’s similar to viruses, like the cold virus, everywhere, all the time. So why aren’t we all sick all the time. Because we’ve built up an immunity and most often we’re infected when we’re run-down, tired or not eating right.  Back to Mold, which has been around forever, it’s even mentioned 17 times in the Bible! If you don’t think it’s around, leave a piece of bread on your kitchen table for a week, you’ll see mold. If you don’t see mold they’ve probably put too many preservatives in it & it may not be good for you?

 

Incidentally, when I’m Buying a Property it’s Deadly Black Mold that We’ll have to have remediated by experts in Tyvek suits and filtered breathing apparatus. It’ll cost a fortune!!

 

BUT when I’m selling a property, a little Clorox™ diluted in warm water easily fixes it.

 

Here’s the procedure based on my experience and that of our members in the MassRealEstate.net & NewHampshireREIA.org Associations:

Find the source of water. Stop it. Remove ANYTHING that’s been wet or has any evidence of Mo ... Read More…

 

Meeting notes: 1/5/24 6:30pm Kelly's 1st Friday of the month.

Good group!

1. Tony's dilemma - Bad Tenant causing problems with another Tenant and Neighbors, Police called multiple times BUT still paying Rent on Time.

Suggestions: Why wasn't this obvious when interviewing the Tenant. We reviewed a couple of ways this bad behaviour could be stopped. Also we found the Hot Button that could get this tenant to move on!

2. Property in Peabody that we saw when Tony Youngs last did his Hidden Market Tour for our Association. We all saw it, no one pulled the trigger (made an offer). It sold for $373k, fixed up and Sold for $725k (Home Run!). Robbie pointed out that it was Maxed out!, to the studs! with ALL brand new Appliances, Floors, Paint, Landscaping, HVAC and electrical.

AnnMarie sent all the details and photos for everyone there, hopefully for us to learn from. Moral: When you see Cinderella, do something, it's too late to try and chase down a slipper later on.

Actually we did see it 11/14/2021 and it sold 4/19/22, fixed up and resold 12/14/23. So not exactly that we missed it by a day:-( What do they say in Airports - If you see something, say something! To the Owner of course.

3. Gerry's concern, great house in West Peabody but the taxes went up recently 3rdQ by about 30%.

We revewed the Real Estate Property Tax Abatement procedure, Pros/Cons, & Appeals. Then analyzed it with MLS data (recent Solds-past 3 months, within .5 miles and ... Read More…

 

 

 

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Dear SPOA Members and Supporters:

It appears that rent control will not make the 2024 ballot after supporters announced they had collected only 10,000 of the 74,000 signatures needed to qualify. Although there are 10 days left and anything can happen, the ballot question's chief architect, Rep. Mike Connolly, announced he has suspended efforts to reach the signature quota. However, Connolly and activists will now try to push their dangerous agenda through the Massachusetts legislature.    The Joint Committee on Housing will hold a hearing about rent control (H1304, H3777) and tenant opportunity to purchase (TOPA) on Tuesday, November 14, beginning at 11 AM. This hearing will address a rouges' gallery of 30 housing bills in total, which you can find listed HERE. We strongly encourage property owners, brokers, other members of the business community, and all who care about property rights and the health of our neighborhoods to testify against these measures.   You may testify at the state house in person, or do so virtually. There are also instructions below detailing how one can submit written testimony as well.   In order to sign up to testify, please register with the Committee no later than 12 pm (noon) on Monday, November 13. You can do so using this form.   We hope that you ... Read More…

Hello Everyone,

    This version of our testimony on rent control and rent stabilization is improved. And I include the email addresses of the Housing Committee members at the bottom. You can copy and paste the email addresses into the “TO” line of your email. A pdf version is also attached. We are open to suggestions. Thanks for your help.

Small Landlord Letter   No. 27   November 12, 2023

  By Skip Schloming, Ph.D. & Lenore Monello Schloming, M.A., 50 years as small landlords, 23 years as leaders of the Small  

  Property Owners Association (1996-2021).  617-354-2358   contact@SmallLandlord.com

Rent Control Harms EVERYONE

Only landlords pay for rent control? Hell, no! Everyone pays.   

Single-family owners, condo owners, ALL multifamily owners PAY

 

Devaluation pushes property taxes UP   When a large sector of a city is devalued by rent control, it pushes property tax bills UP for all non-controlled owners. Everyone gets a higher tax rate to keep city funded.

Non-controlled owners get devalued, too  

Condo owners risk having their condos turned into permanent rentals under rent control. Sound impossible? The Cambridge City Council, during rent-control days, enacted an ordinance that required all future sales of condos to be tenant-occupied only and rent-controlled! Yes, it’s true!

Two- an ... Read More…