See Action Map & Update Summary for more on the above. Next House Session Thursday, May 23rd, 9:00 a.m. Thursday, May 30th Thursday, June 13th Next Senate Session Wednesday, May 22 at 11:00 am Thursday, May 23 at 10:00 am

Update Summary Note: some links have changed. Always use latest liks 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. Major bills (follow action items in Action Map above): Anti-Squatter Amendment The 1st non-germane amendment was completely scrapped. The 2nd amendment 2024-1647h appears to have also been scrapped. In Senate Commerce committee, our amendment was adopted as 2024-1962s, attached to HB1400, OTPA Vote 5-0, & placed on Consent Calendar for 05/22/2024. On a separate track, in the House Criminal Justice and Public Safety, we had a meeting with the committee chairman and several stake holders resulting in a clarification needed to ensure that these new provisions will not interfere with existing criminal trespass law. We secured agreement on a change to accomplish that and are waiting for approval from the committee chair on the simple language change. We are attempting to secure agreement from ... Read More…

I don’t want to be a buzz kill…

…but there’s too much mushy thinking in the short-stay space. 

So much so that I see short-stay landlords acting like home-sharers — and having a lot of fun doing so.

However, if you check their bottom lines, you’ll see they aren’t doing much better than passive landlords. And doing extra work without capturing extra income is not the way to run a for-profit business.

As a foaming-at-the-mouth Airbnb-er since 2011, one who is both a provider and user with stays all over the United States, let me offer a bit of structure.

Three Short-stay Business Models 

You need to be crystal clear about which type of short-stay business you’re operating.

The table below summarizes the financial goals of the three models

Each business model has its own unique mode of operation, expected level of service, and

acceptable rate of return. You’ll notice, however, that only short-stay landlords have profit as a goal.

So, if you’re a home sharer or vacation rental provider, you can stop reading here. What follows is not intended for you (although you might find it interesting — so keep reading). 

If you’re a landlord considering a short-stay business, you should follow these “do’s” and

“don’ts” to avoid costly mistakes and become more profitable than a typical landlord.

The following is for rental owners that choose to provi ... Read More…

Sandro & THE best flooring

No he won't bite you but he knows his High-End flooring (and maybe some of the best installers)

Or call Pete, the Owner who we've met at monthly meetings in DesignGroup47.com
Peter@DesignGroup47.com
or
Peter@WorldDepot.net
or
Keri@WorldDepot.net
781-913-1384

 

You won't believe the QUALITY or SPECIAL PRICE$ Pete is offering this great High-End Solid Flooring in Ash Raw, Ash Forenz & White Oak Forenz! Call Pete 617-293-8397 or Keri 781-913-1384 today for Availability and Price!

(In fact when one Homeowner saw the installed plank flooring below, it looked so good to them that they asked to have it installed in their own house. HOWEVER they already have 2 1/4" solid oak which is generally considered the top flooring but too expensive.  So NO, I'm not installing plank OVER oak, although it does look good and priced even better!

 

and let's not forget Ang at the Flooring Center, displaying all the High-End Imported tile. Same deal, check it out with a call!

 

... Read More…

 https://vimeo.com/777173559

... Read More…

 

Residential Income Property

 

1983 - ACRE w/Al Lowry & RAND Robert Allen

Mr. Landlord;-) Not in Massachusetts:-(!   ;-)

 

1.What are Residential Income Properties?

SF, MF, CC

Zoning & Rules restrictions.

Shane;-)

 

2.Types?

Sort Term, Medium & Long Term.

How Much$ (how to check the competition).

Where to go? Market - High, Medium or Low?

 

3.Where?

YOUR Farm area!

 

4.Subsidized vs Paying Tenants.

During the Kung Flu panic… Housing Court 90 Days?

  

5.Guides and Codes.

State Sanitary Code, Tenants Guide to a Legal Tactics, Landlords Guide.

GO TO HOUSING COURT!!!

Rules? What Rules? I don’t need no stinking Rules!

 

6.Advertising.

Where: Online, Newspapers:-0, Word of mouth?

Careful what you Offer!!

 

7.Selecting Tenants.

Application form & Vetting techniques & Credit Set your Guidelines and stick to them!!

Government picture ID

Condition of the Property for showing?

Showing a Property? Group vs Individual showings,

 

8.Establishing a Tenancy in Massachusetts. (Documents)

Annual Lease vs Tenant at Will

ALSE & Blue (Lease modifications? NO!)

Security Deposits ($Max?)

 

9.Maintaining the Tenant/Landlord relationship.

Introduce yourself.

Availability, Expectations: Trash, Utility usage, Plumbing.

Put it in writing.

Smokes?

 

10.Ending a Tenancy.

30 Day notice? Go there immediately. Then with Contractors: Painters, Carpenters. ... Read More…

Received this yesterday: 

"Hi Mike!

Thanks for taking a class with us!  (EPA RRP)

We have a lot of projects and one of them is the NH Housing Rental Survey.  This year we have got a system to make it easier than ever to enter your data.  Would you please have someone in your office click on the links below to get you a copy of last year's survey and enter your data into this year's information?  We are nearly at the end of our time window for gathering the data this year.

I really appreciate it!

I've copied the info below from a previous email that I sent you to be sure that we have the correct personal link - the first link is to LAST YEAR'S survey and the second link is to take the new one for this year

 I feel that it is one of the important things we do for landlords every year.  Here is a link to last years' survey.  www.nhhfa.org/wp-content/uploads/2023/07/NHH-2023-Res-Rental-Survey-Report.pdf

We would really appreciate it if you would help us by adding your data this year. Everything is completely anonymous and confidential

Click here for a link that is unique to you, and take the survey online: Take the Survey

Alternatively, you can copy and paste this URL into your web browser:

https://survey.kkirkwood.com/?ref=171221375873

We also offer an option to streamline the data entry process: Property owners/managers may upload the rent roll in our online survey. The information needed in t ... Read More…

 

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…