Posts filed under: Ownership

Security deposit laws are very specific and strict in Massachusetts. Mistakes by landlords are surprisingly common and can be very costly. If you own a multi-family, here are security deposit mistakes to avoid in Massachusetts. 1 – Depositing Funds Into...
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During the COVID crisis, Governor Charlie Baker imposed a moratorium on rental evictions. But in so doing, the Governor also established the Residential Assistance for Families in Transition program, a $5 million fund to assist family facing extreme financial conditions...
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Millennials are among the largest group of prospective tenants in today’s market, making up roughly 25% of the US population. Unlike generations before them, millennials are entering the workforce with much more uncertainty in the job market and higher student...
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Making sure you have the right coverage can save you money and peace of mind. Contributor: Gregory R Porziella of Paul T. Murphy Insurance Agency As a landlord, purchasing insurance is one of the most important decisions you can make....
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By John P. Wells, Broker/Owner Wellsco Realty john@wellscorealty.com Rents are high, but so are condo values. Your multi-family may be producing great cash flow and continue to appreciate, so keeping your asset is certainly a good strategy. However, if you...
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By Robert J. McNeill, CPA www.McNeillCPA.com In the closing weeks of 2017, President Trump signed a tax reform bill called the Tax Cuts and Jobs Act. The 429-page law contains some pretty significant changes that may dramatically impact the multi-family...
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An Analysis of the 2018 Tax Reform for Multi-family Property Owners and Investors....
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By Robert J. Charland CEO of Exchange Authority The primary advantage of a 1031 exchange is that the taxpayer may dispose of property without incurring any immediate tax liability.  This allows the taxpayer to keep the earning power of the...
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Should You Condo Convert My Multi-Family into Condos? John Wells, of Wellsco Reality, discusses the things multi-family property owners need to think about before converting their property to condos....
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Potential Risks of Allowing Your Tenants to Use Marijuana Even If it is Now Legal in MA.   Besides the things we’ve discussed in our previous post, there are a several other factors you need to consider before allowing your...
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