All Forum Posts by: Rob L.

Good Morning Everyone,

Please note we had to change the venue for next week’s event. We’re still right in Assembly Row in Somerville but due to scheduling we had to move it to Lucky Strike Social.

Information:

Entry Fee: $10.00

Wednesday, July 25th

6:30 PM to 9:30 PM

Lucky Strike Social

https://www.luckystrikesocial.com/locations/somerville

Address: 325 Revolution Dr, Somerville, MA 02145

Good Morning Everyone,

The next Boston Real Estate Guild Meetup is Wednesday, July 25th! We have a great agenda lined up for this month's meeting. Don’t miss this months speakers and the networking that takes place before and after the event. Highlight and Schedule are below. I look forward to seeing everyone there.

Meeting Highlights:

• Justin Silverio from Open Letter Marketing will discuss his background and share his experience on finding off market deals va direct mail campaigns. In the market were currently in this can help anyone looking for buy & holds, flips and wholesaling.
  • http://www.thebostoninvestor.com/
  • https://openlettermarketing.com/about/
  • https://www.biggerpockets.com/renewsblog/bp-podcas...

• Max Taylor and Garrett Hogan from OnPoint Capital will be sharing how they are able to purchase large multifamily apartment buildings by raising capital and syndicating their real estate deals.
  • Max Taylor and Garrett Hogan started OnPoint Capital as a development company focused on buying distressed and deteriorated housing stock within some of Boston’s most promising neighborhoods and transforming them into condos and rental properties. Drawing from their experience acquiring, managing and underwriting complex re-development projects, they have have recently expanded their focus to acquiring and re-positioning multifamily apartment communities.
  • https://www.onpointre.com/

Meeting Schedule Below:

6:30:7:00 PM: Networking

7: 00-7:15 PM: Market News and Guild Updates

7:15-8: 15 PM- Main event, Keynote speakers.

8: 15-8:20 PM- Closing Remarks and Open Q&A

8:20- 9:30 PM- Networking

Information:

Entry Fee: $10.00 (includes appetizers and drinks)

Wednesday, July 25th

6:30 PM to 8:30 PM

Tony C's Sports Bar and Grill

699 Assembly Row Somerville

@Mindy Perry 

@James Denon

Here's info from a meetup we hosted earlier this year. We do it on all of the buildings we own. Happy to answer questions. 

Water Reading & Submetering Rules

When Can a Tenant Be Billed Directly for Water under the Water Law?

On March 16, 2005, a water submeter law went into effect in Massachusetts. This law allows landlords to bill tenants for water if the tenant moved into an apartment on or after March 16, 2005, and the property meets the law’s requirements.

Under the water law, landlords may bill tenants separately for water if all of the following requirements are met

The landlord has filed the proper certification with the board of health

What information must a water bill have on it?

Each bill for submetered water must clearly state all charges and all other relevant information, including:

1. Total Amount Due

2. Previous submeter reading and date reading was done;

3. Amount of water consumed since last reading;

4. How much you are being charged for each unit of water;

5. Total charge; and

6. Payment due date

Helpful Links:

Water Submetering Booklet: (Start Here)

https://drive.google.com/file/d/0B9YNcSQkupJfS2lrSVI3QUlGOG8/view?usp=sharing

Water submetering certification form:

https://www.mass.gov/files/documents/2016/11/uh/hsg-submeter-form.pdf

Water and Sewer Addendum:

https://drive.google.com/file/d/0B4v4nfAEcK9RcEZReGcxcUZpZ0E/view

@James Denonundefined

Anyone have a great accountant they could refer me too? We have someone that we've been working with for the last couple years but I'm not happy with the service as of late. We need someone that has RE investment experience and working with multiple entities etc.

massachusetts 

boston 

haverhill 

lawrence 

@Owen D. hope you enjoyed the event. Both speakers did a great job. 

Thanks again to our two guest speakers. Ricky from Volnay Capital and

Alex from Wollaston Real Estate Investments. Both came prepared to share their stories and they crushed it with their content and the knowledge they shared. I copied in highlights of what they covered and links to their sites if you want to look more into their businesses.

We have a special guest lined up for our next meeting coming up on July 25th. Look out for the upcoming announcement!

http://www.volnaycapital.com/about/

https://www.linkedin.com/company/cc-solutions---a-development-company/\

Thanks,

See everyone at the meetup tonight! Don't be late. We lined up some great speakers for this one its going to be great. 

Good Afternoon Everyone,

Due to a scheduling conflict, The Boston Real Estate Guild Meetup, has been moved to Wednesday June 27th! We have a great agenda lined up for this month's meeting. Don’t miss this month's speakers and the networking that takes place before and after the event. Highlight and Schedule are below. I look forward to seeing everyone there.

Meeting Highlights:

• Alex and Harrison from Wollaston Real Estate Investments will share how they started their investment company and provided an average return of over 12% to their investors.
  • BIO: Alex and Harrison started Wollaston Real Estate Investments two and a half years ago after quitting their full time jobs with a student painting company to jump head first into the world of entrepreneurship. They started real estate investing in 2016 by door knocking pre foreclosure properties for short sales, and after negotiating 6 wholesales, they purchased and completed their first rehab in 2016. Since then, they have completed 9 development projects totaling 6.25 million in revenue and raised 2.2 million in private equity. Wollaston REI projects 3.35 million in 2018 revenue with an average investment return over 12% for their investors.
• Ricky from Volnay Capital will discuss some of his recent projects and experiences developing condo conversions in Boston and Providence.
  • Website and BIo: http://www.volnaycapital.com/about/
  • Volnay Capital is a real estate development company specializing in condominium conversion projects in the many up-and-coming neighborhoods of Boston and Providence. Volnay Capital is always looking for new neighborhoods and opportunities, as our mission is to help in the gentrification of great neighborhood and to connect investors with sound return opportunities.
  • Market Update: Rob Landry, will share his thoughts on the current market and what part of the cycle we are in.

Meeting Schedule Below:

6:30:7:00 PM: Networking

7: 00-7:15 PM: Market News and Guild Updates

7:15-8: 15 PM- Main event, Keynote speakers.

8: 15-8:20 PM- Closing Remarks and Open Q&A

8:20- 9:30 PM- Networking

Information:

Entry Fee: $10.00 (includes appetizers and drinks)

Wednesday, June 27th

6:30 PM to 8:30 PM

Tony C's Sports Bar and Grill

699 Assembly Row Somerville

@Jason Muth Thanks Jason for the kind words! Always appreciated. 

@Eric Rosiello A lot of good comments thus far when looking for quality management for your properties. A couple things I might add when searching and vetting out managers, 

1. Referrals, ask to get a list of owners with similar property types and location as yours

2. Standard Operating Procedures: Do they have them and what are they? Can they show you a couple examples? Good management companies will have them and its key to having consistent service. 

3. How many properties do they have in the town/city your property is in? Do they have preferred vendors and discounted rates setup? 

4. Ask local investors who they use for management and if they're happy with the service.  That's how we find new vendors and I would do the same with management. 

Hello Everyone,

This meetup will take place @ Tony C's in Somerville. I'm really excited about the Keynote speaker we have coming. I will update everyone with a short bio shortly.

Please note, in order to reserve a room for the meeting we had to book a private room. It will cost $10.00 per attendee but that includes food and possibly a drink ticket (still working out details)

Meeting Schedule Below:

6:30-7: 00 PM: Networking
6:45-7: 00 PM: Market News and Guild Updates
7:00-7: 45 PM- Main event, Keynote speaker.
7:45-8: 15 PM- Closing Remarks and Open Q&A
8:15- 9:30 PM- Networking

It was great to see everyone at the meetup!

I wanted to thank our two speakers, Dean Huston, and Manny Matias, for coming down and providing a ton of insight into their business for us.

If anyone is interested in helping to line up future speakers or has an idea on a topic for discussion please follow up with James at, [email protected]

The next meeting is Tuesday, June 19th at 6:30PM at Tony C’s.

Lastly, as promised here’s the overview of the Water Reading & Sub metering Rules:

Water Reading & Submetering Rules

When Can a Tenant Be Billed Directly for Water under the Water Law?

On March 16, 2005, a water submeter law went into effect in Massachusetts. This law allows landlords to bill tenants for water if the tenant moved into an apartment on or after March 16, 2005 and the property meets the law’s requirements.

Under the water law, landlords may bill tenants separately for water if all of the following requirements are met

Landlord has installed sub meters that measure actual water used in your apartment;

Landlord has installed low-flow fixtures;

Your tenancy started on or after March 16, 2005

Previous tenant was not forced out;

There is a written rental agreement that spells out water bill arrangements; and

Landlord has filed proper certification with the board of health

What information must a water bill have on it?

Each bill for submetered water must clearly state all charges and all other relevant information, including:

1. Total Amount Due

2. Previous submeter reading and date reading was done;

3. Amount of water consumed since last reading;

4. How much you are being charged for each unit of water;

5. Total charge; and

6. Payment due date

Helpful Links:

Water Submetering Booklet: (Start Here)

https://drive.google.com/file/d/0B9YNcSQkupJfS2lrSVI3QUlGOG8/view?usp=sharing

Water sub metering certification form:

https://www.mass.gov/files/documents/2016/11/uh/hsg-submeter-form.pdf

Water and Sewer Addendum:

https://drive.google.com/file/d/0B4v4nfAEcK9RcEZReGcxcUZpZ0E/view

Manny’s Contact Information & website

Manuel A. Matias

Matias Enterprises, LLC

P.O. Box 188

West Boxford, MA 01885

Website: http://www.matias-enterprises.com/

Tel: 978.361.0601

Fax: 978.208.1486

@Kush Patel