All Forum Posts by: Aaron Misiph

@Danielle McKahn

Hi Danielle,

The property I am looking at doesn't have much of a lawn, so it isn't like I could just fit more cars there, otherwise I wouldn't really care that much about it. But there is literally only room for 2 cars. But it is in the city of Lowell, right near downtown, so I assume there are a lot of people that wouldn't mind walking to work?

Hello,

I am currently looking a property in Lowell MA. It is a 3 unit building, but only has 2 off street parking. Just curious of people could give me some of their experiences on how this will affect rent or finding tenants.

Thanks,

Aaron

@Michael Totman

Hi Mike. Thanks for the response. When did you see the place in Clinton. What kind of work are we talking about here? I am not afraid to do work, I am a handy guy and can probably do a lot of stuff myself. I havent been able to get in yet, I have a scheduled showing for Thursday.

Thanks,

Aaron

@Brian Leon

Hi Brian,

For now I will be managing this myself, but may not in the future. Thus taking it into account now.

@Colleen F.

I am from MA, and currently work in Marlborough. I know that the rental market in Clinton isnt as strong as Lowell, and that that will impact vacancy. However I am kind of at this point where my lease in the apartment I am renting in Lowell right now ends in September. The leases for this place in clinton end in August, so I will be able to move in with a month to spare. The tenants there have confirmed that they would like to stay if possible. What would you say is a good estimate for snow removal? While this may not generate the most cash flow, this is the best that I can currently find within my price range, with the time that I have. 

@Ann Bellamy OK. Thanks for the advice.

Hello,

I am wondering if anyone has any good resources for estimating these costs. Or seeing historical data of these costs, at least for water and electrical. Specifically in Clinton MA.

Thanks,

Aaron

@Ann Bellamy

You just mean that you take the property taxes into account when determining rent right?

Would you mind taking a look at some numbers for one other property that I thought might actually be good? See the numbers below: I dont have numbers for the water/sewer, lawn/snow, or electric yet, but this should give a general idea. Should I also not factor PMI in to cash expenses since it is only temporary?

@Ann Bellamy

Is there a specific reason you only do NH?

@Ann Bellamy

Hi Ann,

I appreciate the response. Do you know of any good resources to help estimate the cost of those things?

Thanks,

Aaron