All Forum Posts by: Mike Hurney

@Marvin Michel

besides your and our efforts, especially @Al D.

what's your Broker getting paid for?

I always know and check my competition, sometimes even providing potential renters with a list of the Overpriced or Distant competition.

"No Pets" might not be helping. Until I allowed them (document 30# or less) I had to turn away over half the applicants.

Mike

PS Do this yourself and take your SoulMate out for the night with the commission you'd waste on this Lazy so & so. You're responsible for everything anyway!

@Eileen Brown

Good morning Eileen,

I would set a time line and maybe make some sacrifices to get what/where you need.

There are many caring people looking for pets, if you need to reduce your "pack".

Mike

Remind me why you "Ha e to mo e back to the area for medical reasons."

@May Navamon Aunaetitrakul

I like group showings, then joining (by me or my agent) Tenants for the move in.

Some folks like individual appointmented showings. Depends on your style. If you can't deal directly with people, make sure your agent can.

Long ago you could lay-off L/T problems to a Property Manager, no longer, dispute or legal actions go right to the Owner and a 12 year old kid can track down the actual owner!

Combating "Transitory" inflation

Good morning, What are you doing NOW?

(email that went out this morning) Besides Maxing out $Insulation to contain Energy costs and $Pressing our material Suppliers, when they say they'll beat a competitors prices, What else are YOU doing?

How you can Max out $Insulation, from A-Z! 5/31 meeting.

$Pressing Suppliers to beat their competition.

Example, last month:

1/2" Advantex T&G $105 plus tax, Home Depot Salem, MA

$85 Jackson Lumber, Manchester.

Home Depot Manchester beat it at $80 so we purchased $2k worth (of this and competitive CDX sheathing)!

What else are you guys doing to Combat inflation?

Let's network to find more techniques for this, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com

I look forward to see you soon!

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org

@Nadine O.

How about your own neighborhood? You're there for a reason!

You could go to your local REIA meetings and get away from the Retail market.

Heading deeper into this Recession, what to do?

Good morning,

As you know Energy prices have increased dramatically with No One making any effort to lower or even stop them.

Problem:

93 octane gasoline was about $2./gallon January 2021, now $4.51 after 5 increases, just in the past week and predicted to be over $6./gallon by mid Summer!

Diesel fuel which powers the trucks that faithfully bring us EVERYTHING we need, unless you live on a self sustaining Farm and are surround by Manufacturers that can make everything for you from building materials to appliances to clothes. Diesel has gone from $2./gallon to $6.51!!

The increases seem to be X, Y or Z's fault i.e. Putin's fault, Trump's fault, the greedy Energy companies faults, etc

Personally, I see this as a manufactured crises with an insidious goal.

So what to do?

Contact your elected representatives?

Even if they respond, you can expect something like:

"Buy an electric car that doesn't use expensive gasoline!"

or

"It's not my fault, it's X, Y or Z's fault and I'm doing everything I can to stop it!"

Most of the folks this email reaches, are Self Starters: Contractors, Landlords and Investors that usually don't wait for something to happen, you go get it!

Kind of summed up with this advice:

"Don't wait for your Ship to come in, Swim out to it!"

Facts

#2 Heating Oil is at a record $6.51/gallon, same as Diesel fuel with all it's State & Federal road use taxes. Diesel fuel actually is #2 Heating oil! (If you start to run out of Heating oil and call your supplier who can't deliver right away, they'll tell you "Get a gas can and fill it with Diesel, you should be fine, until we get there!)

#2 produces about 130,000 Btus with a lower heat conversion of about 79% efficient, net 102,700 Btus to heat your home.

Natural gas is still a bargain $2.09/therm* (100,000 Btus) with a higher efficiency in the 90s (net 90,000 Btus to heat your home). Incidentally how long do you think natural gas will be this much lower? Before the suppliers also jack their costs to you up??

Those adjusted factors can help estimate your 2022/23 annual Heating costs:

Natural gas = $1200 -1500/year

#2 Heating oil = $3600 - $4500/year

Again, so what to do?

Well, Tuesday, May 31, we've got an expert that'll show us how and where to seriously impact these HIGH energy costs in our homes and buildings. Right now, for instance, I'm looking at the highest R-value (R = Resistance, Btu/SF/degree F) insulations R38 versus traditional fiberglas R19.

I look forward to see you at this important meeting DesignGroup47.com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 Tuesday, May 31, 2022 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

*$2.09/therm is based on March 2022 Natural Grid R-3 Res Heating rate. ($327.40/156 therms = $2.098)

and of course you know we're a little North of Boston, Massachusetts and just South of New Hampshire.

@Brent Huling

Hey Brent,

Trouble I find w/BP is all the "experts" giving out "expert advice:-(

I believe your standard? Contract to Purchase has two Contingencies: Inspection and Financing. and the Financing change should provide your out.

Once I get to Legal Contract issues, which I believe this is? I have my Attorney handle the issues, even reviewing my Contract to Purchase and Purchase & Sales Agreement (Mass law). I use the same Attorney for all my closings because we're on the "same page".

(I know "experts" will say, "Who needs an Attorney for a Closing?") Well I do and if I ask an Attorney to get into it and they haven't been involved in the process it's big bucks!

Good luck Brent! Ya, I don't think the $50k is a deal breaker unless you're not getting something in return. (Think the SeeSaw!)

@Paul 

@Paul Clements

reads like you want out of any Xtra fees.

IMHO If we didn't cover it before, I'm not signing it at the Closing!

PS Sorry but wait to see how much "hanging out" you do after closing.

Good afternoon,

I look forward to see you Tomorrow evening Friday, May 6, 2022 6:30-8pm for our Movers and Shakers at:

Kelly's Roast Beef

165 Endicott Street

Danvers, MA 01923-3657 (no charge to Members only $5 for Guests (tip for waitstaff)) Light refreshments served!

Steve sent me a couple of articles which we'll cover (based on our own experiences ;-) / :-(

Top ten Building Code violations and how to Easily avoid them!

Also a Comprehensive Test for Carpenters.

& We'll review these benefits for our MassRealEstate dot net & NewHampshireREIA dot org Members:

Arcana Insurance

Office Depot/Max supplies

CallFire Voice blasts

Build a Sign

Rent Perfect

Constant Contact for Marketing

Foreclosure dot com

Local Market Monitor

Bed Bug Traps

Rei A Sure Rent guarantees

Home Depot Pro Xtra

Hammer Zen for mastering QuickBooks

Equity Trust for SD IRAs

Odor Xit to remove Odors

800 Got Junk

Flip Factory App

Rei Pro Software

Partner ship to save on FedEx

& Privy to analyze and track Investment properties.

I'll see you there!

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org, PO Box 307, Marblehead, MA 01945

PS Of course you know we're just North of Boston, Massachusetts & a little South of NewHampshire

@Courtney Kelly

Took me a little while to figure this out but as a fellow Agent you should get it also?

Peabody, MA

Solds last 6 months
Single Family Listings: 72 Avg. Liv. Area SqFt: 1692.26 Avg. List $: $569,549 Avg. List $/SqFt: $356 Avg. DOM: 18.42 Avg. DTO: 9.06 Avg. Sale $: $618,482 Avg. Sale $/SqFt: $385

Active

Single Family Listings: 5 Avg. Liv. Area SqFt: 2,364 Avg. List $: $874,778 Avg. List $/SqFt: $401 Avg. DOM: 38.6

PS I used SFs over MFs because it seems more obvious.

PPS We've got to get out there for results & we're doing very well on the North Shore!