Category Archives: Landlord Tips

Symphony Boston MA Apartment Availability Rate at 2.57%

SymphonyApartments.com has completed an in-depth study of the Symphony MA area and has found the vacancy rate to stand at 2.57%. Symphony Apartments indexes over 2,059 units in the Symphony area. Of those 2,059 units, 53 are currently available for rent. Luxury units utilize internal leasing staff and often provide fluctuating vacancy rates, and for this reason, they were purposely omitted from this study.

Renters looking for the best bang for their buck should consider anything over a 2 bedroom. The average price of a studio and one bed can range from $1500-$2200 on average. Two beds on average range from $2800-$3800. With three beds and higher, one can get an apartment closer to the $1000 per person range.

Renters are drawn to a hip nightlife and an easy commute both into and out of Boston. The MBTA green line services many of the central areas of Symphony while MBTA bus lines canvas some of the more suburban areas. Sections of Symphony afford car-owners easy on-street parking as well as direct access to many major roads including Huntington Avenue, Gainsborough Street, Hemenway Street, and Massachusetts Avenue. A commuter rail station (in Ruggles) is also here for those looking for easy and affordable access points.

Renters who are looking to travel into the city can expect T commutes as short as 10 minutes into the heart of Boston. For those looking to find local entertainment, great local bars are easy to find. Symphony is home to multiple local bars and with close proximity to the Prudential Center and Back Bay, entertainment and nightlife is incredibly easy.

This 2.57% vacancy rate is higher than expected this time of year. Real time vacancy rates are usually much lower in the fall than they are during the peak rental periods when most apartments turn over. What happened with the market this year towards the end of the summer was not expected by many; a lot of units, especially in the Symphony MA area went vacant. Many landlords have started paying the broker fee and cutting prices dramatically to compete with the local market. The problem for landlords is that there is not many people still looking for an apartment in Boston. Owners for once do not have the upper hand in this market, and renters should consider seeking the professionalism and expertise provided by local agents, who know all the inventory. The agents found on SymphonyApartments are experienced in a variety of rental markets and can often find deals that solo apartment hunters cannot. Professional real estate agents found on the Symphonyapartments.com website have access to over 122,260 listings and over 15,030 landlord phone numbers, and will often contact them frequently trying to get the first jump on an apartment before or as it is coming to market. Agents also ensure that all necessary paperwork is completed correctly and presented to choosy owners in the best possible light. In order to avoid the headache and frustration that is inevitable in this year’s apartment hunt, consider reaching out to the experts found at Symphony Apartments.

If you are an owner with a currently vacant apartment, it is imperative to stay informed on current market trends. The experts found on Symphony Apartments have over 2,059 listings in the Symphony MA area to compare in order to help price your income property to stay competitive in this tight market.

SymphonyApartments.com is part of the BostonPads.com network, the largest real time apartment database in MA with over 122,262 apartment listings and more than 15,030 landlords in the Greater Boston Area. To learn more about the Symphony real estate market, check available listings, explore investment opportunities, or get in touch with a qualified agent, visit SymphonyApartments.com

East Boston Real Time Apartment Vacancy Rate of 4.17% as of April 21, 2014

As the weather in Boston begins to heat up, so does the apartment hunt for those looking to change addresses before September 1st . Anyone interested in the East Boston MA region will find it useful to know that the apartment availability rate currently resides at 4.17%. This figure comes from an in depth analysis of www.BostonPads.com – the largest real time apartment rental database in New England. Presently, BostonPads.com contains over 121,000+ apartment listings in the Greater Boston Area.

Of these 121,000+ listings, 1,127 of them are from East Boston; a region that embraces Bremen St. Park/Airport Station, Central Square Park, Constitution Beach, Day Square, Eagle Hill, Jefferies Point, Maverick Square, Orient Heights and all the way up to Suffolk Downs. There are 47+ apartments currently listed as available in East Boston. Meaning, there are 47+ properties that are vacant now or available to be rented. This gives East Boston a real time vacancy rate of 4.17%. For comparison, the overall real time vacancy rate of Greater Boston is 6.3%.

East Boston is separated from the city proper by Boston Harbor and bordered by Winthrop, Revere, and the Chelsea Creek. In recent years, East Boston has become increasingly desirable living space for everyone, including a growing young professional crowd. Newly renovated condominiums along Jeffries Point, Maverick Square, and the Eagle Hill waterfront have become the landing spot for 20 something’s looking to get more bang for their housing buck. Residents of East Boston enjoy easy access to the Downtown Boston area via MBTA Blue Line, making it an enticing option for the Fi-Di crowd. There are also water shuttles that take people from East Boston across the harbor to the downtown district.

In addition to accommodating Logan International Airport, East Boston also boast several other points of interest including the Belle Isle Marsh Reservation, Sprawling Community Gardens, Constitution Beach, Piers Park, and a 35 foot tall statue of the Madonna (a representation of the biblical Mary, not the pop singer) which is located at the Don Orione Shrine. Suffolk Downs provides unique entertainment by way of thoroughbred horse racing. If horse racing isn’t your thing, Suffolk Down’s also hosts Boston’s Hot Dog Safari – an annual charity benefit that features and all you can eat hot dog, sausage and ice cream buffet.

Contrary to the crowded lots of Boston Proper, parking in East Boston is a breeze. Resident and meter parking spots are numerous in number and are typically unoccupied. For those without wheels, the MBTA Blue line train services the area, with stops at Wonderland, Revere Beach, Beachmont, Suffolk Downs, Orient Heights, Wood Island, Airport, and Maverick before diving under Boston Harbor and resurfacing with stops at the Aquarium, State Street, Government Center and ending at Bowdoin. The State Street Blue Line stop provides access to the Orange Line. The recent closing of Government Center has stripped Blue Line riders of their contact to the Red and Green Lines. To remedy this lack of accessibility, there’s been a proposal to extend the Blue line one more stop to Charles/MGH, which would hook rider back up with the Red Line
Restaurants such as El Paisa, El Penol and Restaurante Montecristo provide residents with a taste of the local flavor. Easy access to Downtown and the North end via the Blue Line opens up the food selection exponentially; giving Eastie access to fine Italian dining and Boston staples such as Legal Seafood’s, Joes American Bar and Grill and Bertuccis. Waterfront regions of the city such as Jefferies Point and Eagle hill offer unrivaled skyline views of Downtown Boston. The piers, parks and small beaches that dot the East Boston coastline make these areas a desirable spot for families, young professionals and students alike.

Using the services of a knowledgeable real estate agent with exclusive listings in the East Boston Area can do wonders for making your making your apartment search successful. With databases controlling massive amounts of listings and abundant landlord relationships at their disposal, real estate agents found on www.eastbostonapartments.com have the ability to find you the perfect mix of quality, value and location in your new home. EastBostonApartments.com is part of the largest real time apartment database in MA (BostonPads) with over 121,000 apartment listings and more than 14,700 landlords in the Greater Boston Area. Also you can check out the East Boston Pads Facebook page at https://www.facebook.com/east.boston

How to avoid moving home after graduation

1) Use an online resource to match-up with housemates. There are plenty of websites such as Craigslist, BackPage, University Websites and other classified pages that can help you find a roommate. If having your own room is out of the question, consider sharing space with someone else so that both of you can stay within your budgets! In the Boston area, lots of people find their roommates on Facebook as well. 2) Work a part time job while in college and save money for graduation. By working a part time job while in school, you will be able to allocate money for graduation and have enough to live on your own for some time! Even if it is a minimum wage job, by saving 20-25% of your income in a savings account or basic money market account, you will be able to afford rent upon graduation! Another thing to consider is getting a flexible job like being an apartment leasing specialist while being a Boston area student. Find a reputable agency that rents the most apartments each year and consider working there to generate additional monies. 3) Invest in the stock market or real estate while in college and sell after graduation. Make an up front investment when arriving in college and then dump it when you graduate! If you are tight on cash, the stock market may be a better idea since it typically has a lower amount of initial investment required. Real estate is always a great opportunity as well, as properties have potential to rise in value and show massive returns in your time at school! Be careful with aggressive investments though, markets can sometimes crash and there is potential to lose money. Each year countless students buy properties either on their own or with the help of their financial supporters/family and own instead of renting. 4) Live with an older sibling. While this may not be the most glamorous option, it sure is better than living with your parents! Depending on what the age gap is between you and your sibling, sometimes this works well for people. Depending on your relationship, you may be able to get free rent out of the deal too! 5) House-sitting opportunities. Some business professionals or retired couples will take the entire summer off and go to Florida or another tropical location! If you check your local classified ads, sometimes you can be paid to make sure the lights are on and there is slight activity in an unoccupied house. What’s better than getting paid to live in your own temporary house? 6) Take a year off from college and work a high paying job that can pay off your loans and give you leftover money. After your junior year of college, consider taking a year off and working full time! Whether it is a co-op, an internship or a temporary full time job, the experience will help you when you graduate and the money on the side can’t hurt either! Websites like LinkedIn, Indeed.com, Craigslist and BostonRealEstateJob.com can help you find different types of jobs, many of which are entry-level! 7) Travel. Traveling upon graduation is a great opportunity that many young professionals choose. There are not many times in your life when you can pick everything up and go to another city or another country. A decade from now, you may be settled down with a family and have other important factors to tend to. Traveling while you’re young can be a cost-effective way to spend your time upon graduation! 8) Explore affordable options on Boston’s largest apartment database, BostonApartmentNetwork.com. Contact a local real estate agent who knows pricing in different areas! By looking through Boston’s (and New England’s!) largest apartment database, www.bostonapartmentnetwork.com, powered by the BostonPads network of websites, you can find affordable options in Greater Boston! Certain areas of the city are more expensive than others, if you are looking for a free market analysis, contact an agent from that site and give them details on the price point you are trying to stay within! Qualified agents are available seven days per week and can help you maintain your financial goals through proven and reliable advice. 9) Spend less money and save it for rent! Instead of hitting the bars the third night in a row, maybe you and your roommates stay in for the night. Going out to dinner and for drinks may not seem like a lot of money at the time, but that money ads up quickly! By analyzing where you spend the most money and cutting certain expenses out of your lifestyle, you will be surprised by how fast the money ads up! 10) Move outside of the city! Living in the city is typically the most expensive place to live! If you want to live in Boston, chances are you will pay more than if you explore options like Framingham. The MBTA lines run to many suburbs of the city, and if you are trying to save money, you should consider other areas further away! A qualified real estate agent will be able to help you with this as well, which once again you can find on www.bostonapartmentnetwork.com.