You Know You’re a Boston Landlord When…
The first American lighthouse was built in Boston in 1716, but in recent years, it’s been the rental market that’s been shedding a beacon of hope and prosperity on the town. Calling all Boston landlords.
The rental market of Boston has been booming lately and while the ability to buy low and rent high is a blessing to most landlords, there are other challenges that only others who are in your position can relate to.
The ups and downs of renting in Boston have peaks that are higher and depths that are lower than you might have ever imagined was possible; though you continue to power through.
So, for a moment of relaxation, humor, and some company for your occasional misery, here are eight ways that will surely resonate with you. Enjoy this list of: You know you’re a Boston landlord when…
1. You Really Only Have 6 Days in Your Week
There is literally never enough time in the day and that day ends up becoming not having enough time in the week, the month and the year.
Then, before you know it, it’s time to do it all over again with a new set of tenants – a fresh gamble for your newly updated property.
Yet, the weekly struggle for most Boston landlords is that you only have eight days in your week, because the other time is taken up by your properties.
Regardless of whether you have one property, or multiple properties, no matter how hard you try to keep track of the properties, there is inevitably one day that you must give up, that wasn’t in the plans.
What wasn’t broke on Monday, usually gives out on Saturday and the conversation you thought was settled on Thursday, often becomes cloudy again by Sunday.
It’s the nature of the beast and you’ve come to terms with it, but it’s still a fact that no one else understands unless you’re a fellow Boston landlord.
2. Your Hands Are Perpetually Covered in Paint
While you might be making an exuberant amount of money, most days, your appearance doesn’t reflect that, as you are always covered in paint.
It doesn’t seem to matter whether you painted an entire room or did a little touch-up work on some spots you missed-you never make it through an encounter with a paintbrush that doesn’t end with some of the paint getting on your hands.
3. You’ve Actually Considered Paying $8K Or More for Eviction Assistance
Yes, you’ve been this desperate, on more than one occasion.
Renting to good renters is a wonderful experience. Unfortunately, the good renters can be far and few between, especially in a rental boom like this-since everyone has so many options.
However, there is always the other end of the spectrum, which all Boston landlords have had to deal with, at least once.
That terrible tenant that makes you think the ridiculous amount of money and time it costs to receive eviction assistance is worth every penny and every second-just to get these people out of your house.
Hang in there, buddy. It’ll all get better soon.
4. You and The Home Depot Employees Are on a First Name Basis
If you have become an honorary associate of your local Home Depot, you know you are a Boston landlord.
The second you walk in, you are greeted, by name and you easily remember each one of the employees.
What’s more, is they don’t even bother to ask if you need help anymore, because you’ve shown them a thing or two in the past.
So, they’re sure you’ve got this.
5. You have More Tenant Cell Contacts than Friends or Family
Depending on the closeness of your family, this might not be such a bad thing, but regardless of the family dynamic, there are always more tenant contacts in a Boston landlord’s phone than family or even friends.
Generally, when you go home at night, the number of people you want to talk to live with you, so when your phone rings, you’re certain without even looking that it’s a tenant…or possibly your daughter texting you from her room to see when dinner is ready.
However, chances are still high that it’s a tenant.
6. Your Vacant Properties are Always Up for a Showing
Due to the boom in the rental market, Boston landlords always have a property up for a showing. Whether it is today, tomorrow, or five minutes from now, you feel as though you are always perfecting your properties for new prospective tenants.
While this isn’t particularly bad, since no property in this market stays idle for long, it’s still amazing to you how quickly transactions take place- 54% of apartments turnover every year.
When that percentage includes your property, you must be ready for it, whether you are mentally and physically prepared or not.
You Can Just Keep “Upping” Your Rent
The one truly positive aspect that every Boston landlord can agree on is that the boom continues to allow you to keep “upping” your rent.
Between 2017 and 2018, Boston saw a 6.74% increase of rental units, which proves the prosperity inherent in this business.
When it comes to the price of your properties, the Boston skyline can’t even limit your rising rental prices, because you can easily find someone who is willing to pay that price.
It’s the only aspect of this endeavor that keeps you in the market.
You’ve Considered Selling Your Property Multiple Times
This might come as a shock to people who are outside the Boston landlord circle, but you understand completely.
Despite the booming market, the stress of the job is often unbearable. After all, perfection doesn’t come easy and the time and effort that goes into renting at the prices you charge, often don’t outweigh the amount of mental anguish you feel from working in this business.
Therefore, you’ve considered selling your property multiple times, despite the revenue stream.
After all, no amount of money is worth sacrificing your health.
If you truly feel as though you can’t take the pressure any longer, there is good news.
Max Cash Offers can get pay you CASH for your properties and the deal can be negotiated and paid out within a couple of DAYS.
Not months, days!
To close, hopefully, this list, at the very least gave you a chuckle, but if it did give you the idea that you have found a way out, without adding to your stress-level, Max Cash Offers is on your side.
Whether you use the cash toward investing in a new business opportunity, or you are simply looking forward to a nice vacation, without the worry of a disaster happening while you’re away, contact us today!
Max Cash Home Offers offers instant cash offers on houses nationwide. We do not provide legal or financial advice. For information on foreclosure, eviction or any other legal situation make sure you contact a local attorney.
Author: Ryan Cruz
Ryan received his Bachelors of Science in Business Administration from the University of La Verne. Ryan has a strong passion for marketing and the real estate industry while leading and managing all online marketing efforts for Max Cash Home Offers.