Living Solo vs. Living Together

Boston’s rental scene is as diverse as it is desirable. Yet even after you’ve assessed the unit, you still need to figure out if it makes sense to go for it by yourself or as a group. There’s pros and cons to both living arrangements and only you can know what makes the most sense for you.

Neat freaks and slobs don’t get a long.

While it is expected all who live in the space will help maintain it, there can be drastic differences in the quality of care each tenant provides. If you live with someone who does not live like you do, there can be undue stress involved with that relationship. Before entering into an agreement with a friend or stranger, make sure the clean/messy tendencies match-up, otherwise the stress won’t be worth the money you save by living with an apartment-mate.

Moving in with your significant other for the wrong reasons.

Moving in with your lovely can be a beautiful next step to your relationship. It can also be the nail in the coffin for an average to dying one. If you move in together and breakup, who gets to stay? Will you live together after the breakup? Not all relationships end after moving in together, but if your only reason for moving in together are to save money or “fix” the relationship, then odds are you won’t want to move in just yet.

Two-beds and three-beds are cheaper than one-beds and studios.

Unless you will be sharing the single bedroom, historical pricing trends show that it’s more cost effective to room with friends than to try to find an apartment just for yourself. One-beds are typically 1000-1800 where as two-beds are usually 1500-2200 and generally offer more space. They also tend to be in more convenient areas for young professionals.

Boston can be a lonely city without friends.

While there’s plenty of activity to keep one busy, much of the city is best enjoyed in groups. When you live with people you enjoy, it opens up your social network.  You’ll also be more inclined to have social gatherings in the apartment. Living by yourself means you come home to an empty space where you do all the upkeep.

Are You an Attractive Boston Tenant?

 

Boston is one of the most desirable metros in the US for a multitude of reasons, and nearly 630K people call Beantown home. There are just shy of 400K housing complexes in Boston, which does not distinguish between housing owned and housing for rent. Demand is greater than supply…which is why Boston rentals are notoriously expensive and competitive.

Landlords accept applications based on what they believe will best profit their business. Answer these questions to see how you stack up -

1. What’s your main source of income/what do you do for work?

a) My Parents/I’m a student

b) Part-time jobs/freelance

c) Local employer

d) Spouse/partner

 

2. Do you have any pets?

a) An indoor cat/small dog

b) A German Shepard or other big dog

c) No

d) A fish/lizard/snake

 

3. Are you looking for a long-term or short-term lease?

a) Looking for year to year lease

b) Short-term (6 months or less)

c) Looking for a long-term lease (at least 2-3 years)

d) I’ll make due with whatever I can find

 

4. Are you noisy?

a) I have friends come over once in a while, and we can be loud, but for the most part no.

b) I love to party! I need a space that I can throw shin-digs in at least once a week if not more!

c) No, I want my apartment to be a place of zen and calm. I may invite people over, but we’re all relatively quiet.

d) I may get loud every once in a while but am respectful of quiet hours (from 11 PM on).

 

5. Are you clean?

a) I’m passable. I may not be a neat freak, but I’ll keep the place free of pests and leave it the way I found it.

b) I’m really bad at cleaning, and usually get my friends/parents to help me out.

c) I’m a neat freak, and will probably leave the place in better shape than you gave it to me.

d) I know I’m not great at cleaning, which is why I ensure I have enough money to afford a cleaning service.

 

If you  answered mostly A’s-

You’re an ok tenant, but will likely need a cosigner to vouch for you. You pose potential risks as you are not financially independent, could mean noise and dirt risks to other tenants, and will likely leave after a year. There are landlords who structure their apartments specifically for tenants like you, but these apartments are usually a little more run-down and the landlord will be less accommodating when it comes to repairs. It is assumed you will leave after one year, but if you prove a loyal tenant, you may get better treatment.

If you answered mostly B’s –  

You’re not a desirable tenant on many fronts, but that doesn’t mean finding an apartment is impossible. You will need to be ok living in some of the outer reaches of Greater Boston, and dealing with the less reputable landlords. If you can compromise on some of your life choices, or be able to afford a price tag that covers negligence, it will be easier to transition to the nicer apartments of Boston.

If you answered mostly C’s -

You’re a very desirable tenant and will be able to get into most apartments with ease. You will also have a lot of negotiating power with the landlord because you are the rare tenant that’s looking to stay in one place for a long time and can afford to do so. You also raise the quality of tenants as a whole since you represent a more mature tenant group.

 

If you answered mostly D’s - 

You’re desirability depends on who’s moving with you. You on your own are not desirable because you can’t afford to maintain the apartment as it should be maintained, but your partner/room mate might. If they are a C type, then you should be fine. If not, then it’s unlikely you will sway the balance in their favor. You might do best to look at subletting in an existing apartment or rooming with strangers to lower the cost of rent so you can afford the apartment you want.

Top 5 Questions to Ask When Viewing an Apartment

Your home should match you

Dream apartments can only exist when you know what you want. Once you know what you want, it’s imperative to know what you need and where you can compromise. Will you be alright going out into the snow to do laundry, or is it important to you to that there be laundry in the building/unit? Is having a pet a luxury, or a necessity? How far are you willing to go for groceries? For public transport?

These 5 questions will help you help your agent guide you towards the best apartment for you -

 

1. How attentive is the landlord?

You’ll want to ask this for two reasons – to establish whether the apartment is smoke and mirrors (apartments can have hidden blemishes like mold or a shower that never heats up) and if your tenancy will be scrutinized/it’ll be harder to get back your security.

An attentive landlord or management company will be accessible 24/7 (with the understanding that you’ll be less likely to get what you want if you call at 3 AM instead of 3 PM), will absorb maintenance costs, and will advocate for the wellbeing of the majority of the tenants. This means they care about the property and see each apartment as important part of a business they want to grow. If you seem like a disruptive tenant, are disrespectful, or are the cause of pests (bugs/mice/etc.) an attentive landlord will come down harsh to protect the cooperative tenants.

An inattentive landlord will see all tenants as money, and will do as little as possible to eat into their margins. This means all they care about is that rent is paid on time, and will only be reachable when rent is past-due. It also means you can get away with a lot more (dirty apartment, noise, etc.) because so long as rent is paid, the landlord won’t care.

 

2. How close is public transportation?

Boston, and most of its suburbs are walking cities. That said, public transportation is a big part of how people get around and living close to one of these forms of pt can be a huge selling point for you if you don’t have a car. That said, all pt is not created equal -

Commuter Rail – This is a widespread train system that networks the entire greater metro area (40 miles) of Boston. Living on the Commuter rail will likely mean needing a car, as the station is usually at least a mile our from residential areas. One way trips cost $10 and monthly passes can cost up to $345.

Buses – Busses have a widespread reach, but they also are subject to the random nature of street traffic. While busses make it possible to live without a car, the waits can be a deterrent. Bus fares cost 1.75 or $70 per month as part of a monthly pass to be rolled in with the T.

The T – The most predictable and  common source for public transport, the T has five lines  - the green (street/underground), blue (airport/coastal service), red (north and south of Boston), silver (city bus connections),  and orange ( serving northwest to southeast). This is the most desirable form of public transport to live near, since it combines predictability with short walking distance to residential areas. Fares are either $2 or $70 per month as part of a monthly pass to be rolled in with the T.

 

3. How close are groceries?

Living within walking distance to groceries will mean the difference between high food bills every month due to ordering out and food budgets that allow for a healthy savings account. Some rents are cheaper because they are beyond walking distance from the nearest grocer or restaurants, so having a car will be a necessity.

 

4. Is the heating gas, electric or oil?

There’s no getting around New England weather – the winter is going to be cold, and you’re going to need heat. Some apartments will cover heat in amenities of the apartment (this will usually be at a premium). For the rest, you’ll be footing the bill, and if the landlords installed gas or oil heating, you’ll be footing a huge bill. There are ways to make this type of heating affordable (high-low = company will average the highest and lowest amount and bill you that every month), but if you can find an apartment with electric heat, you’ll be in a much better spot.
5. What’s the turnover in this apartment?

Depending on where you are in your life, you may be looking for a long term lease (2+ years) instead of 6 months to a year. Some landlords love having long-term tenants and will be willing to negotiate a deal where you’re locked in at a set rent for more than a year. Others like high turn-over because it allows them to raise the rent every year. High turn-over could also be a sign of an inattentive landlord.

We’re hiring!

We’re looking to hire our next superstar agent to join our growing team out of our Brookline office. Tri-State Realty Group is a premier rental agency servicing the Greater Boston area. We connect responsible landlords with exceptional tenants, as we believe loyalty and trust are the key to great rental relationships. We help students, families, professionals, and everyone in-between find their ideal home/apartment in Brookline, Charlestown, Medford, Cambridge, Newton, the North End, South End, Back Bay, Alston, Brighton, and more. Our main office is located in the heart of Brookline, and we have a remote office in Charlestown. Check us out at TriStateRealtyGroup.com.

A little about the job -

Agents are hungry sales guys and gals who know that ethics is just as important as exceeding quota. We’ll expect you to wow clients, grow relationships with landlords, and look for ways to innovate the process to make the firm grow as a whole. This is a high stress/high reward job sans the traditional isolation that comes with a real estate position. We work as a team, and everyone benefits from the firm’s success. Check us out at www.tristaterealtygroup.com.

-Will actively seek out and maintain leads for new deals.
-Publish listings complete with description, basic info, pictures, and contact info.
-File all paperwork associated with deals (if not a power-player).
-Act as an expert consultant and liaison on behalf of the client which includes prepping for all meetings, showing up on time, negotiating and advocating on behalf of the client, and matching their needs to available properties.
-Close at least 4 deals every month.

A little about you -

-You’ve worked in real estate or some form of sales role before and love the life.
-You’re a people person, and your charm never sleeps.
-You’re willing to do what it takes to get the deal done, and can distinguish when a deal isn’t worth your time.
-You’re a superstar who knows how to play well with others.
-You have a car, and don’t mind a job that has 40-60% travel time built in.

Requirements -

- Own a car
- Have a realtor license or in the process of attaining one
- 1-3 years experience in sales/real estate
- Mac proficient
- Social Media Savvy
- Own a cell phone
- Excellent communication skills (verbal, written, etc.)
- Desire to earn and learn

If interested in applying please send your resume and cover letter to navah@tristaterealtygroup.com

Successful agents earn anywhere between 50-100K annually. Tri-State Realty is an equal opportunity employer.

Neighborhood in Review – Brookline

Family oriented Brookline in the Spring

Brookline is the quintessential  hybrid of Boston – it is removed enough from the city to be a quiet retreat, yet is full of family friendly things to do. Bostonians love Brookline because there’s a melting-pot of culture and cuisine.

Like any community, there’s pros and cons to living in Brookline. Here’s what you need to know -

Brookline is a family-friendly area

Pros – One of the best public school systems in the country, low-crime rate , beautiful parks and playgrounds, and kid friendly activities/shops/restaurants (including the Coolidge Corner Theater which shows indy movies, classics, and audience participation shows).

Cons – Not a lot of bars, noise tolerance is low, not a lot of student rentals, and driving/parking in Brookline is tough.

 

Brookline is expensive to live, but affordable to eat.

Pros – Apartments and homes are some of the nicest in the Greater Boston area, landlords are more attentive, and lots of groceries and laundromats keep prices competitive (Trader Joes, Wholefoods, Star Market, and Stop&Shop are all within walking distance of any Brookline apartment).

Cons – Better apartments means stricter pet policy (almost impossible to find dog-friendly apartments), rent usually goes up every year; since Brookline is so desirable to live in landlords can charge whatever they want (average 1BD rent is 1800 and average 2BD rent is 2000), and  most of the restaurants in Brookline are “expensive” which encourages cooking or allocating a bigger food budget.

 

Brookline is a very Jewish/Russian community.

Pros – If you fall into either of those categories, you’ll likely get a better deal on rent/work, many specialty stores/food options/ and religious options for these groups, and it will be easy to meet others in those groups.

Cons – Saturday driving will be particularly tough due to high pedestrian traffic, and half the stores will be closed on Saturday

 

Announcing Review Rafle

It could be yours...

Tri-State Realty Group is excited to announce our monthly Review Rafle! Starting in November 2012, we’ll be having a monthly drawing for a free smartphone at the end of each month. How can you be entered into this drawing? Simple, review us!

Our Yelp reviews are stale (over a year old), and we want fresh opinions! If you’ve rented a property with us, are one of our landlords, or have done business with us in the past, we’d greatly appreciate honest feedback on how we’re doing. If we have room for improvement, let us know. If we made the renting experience painless, we love compliments!

To keep things fresh, we’re looking for clients who have rented from us within the last year. Simply go to our yelp page, post a review, and post it in the comments!

One winner will be chosen every month, and all participants will receive  discounts from our merchant partners to help furnish your new home! Enter today!

Relocating to Boston 101

You just got that big promotion, or have decided to try your luck in Beantown. Boston is one of the top start-up cities in the country, a Mecca for universities, and has an eclectic selection for patrons of the arts, but it also has its quirks. Considerations of relocating (short-term or long-term) to Boston include whether you’re going to rent or buy, keep the car or sell it, and where you’ll be living.

Rent or Buy?

Renting allows the freedom to move easily, have a lower overhead, and test out a neighborhood before you commit to it. It also means paying out of pocket every month for no equity, having freedoms (like pets, smoking, and children) restricted by the terms of the landlord, and potentially being forced to relocate each year.

Depending on what you’re moving to Boston for, renting is either the best or worst thing you can do as it’s a hyper competitive market. If you present a high tier application (sterling credit, high income, great references, non-smoker, no pets, etc.) you can live in a place that you’d never be able to afford to own. If you want to live as you like and see a long-term home for you and yours with potential to rent out a piece of the property, ownership may make more sense, especially since the trends are shifting towards buyers (home sale price is down 2.1%).

Keeping the car?

There’s a reason why bike sharing and Zipcar are huge here, Boston is a notoriously bad city to drive in, and most of its suburbs are just as bad. If you’re looking at Downtown Boston, Cambridge, or within a mile radius, odds are your car will be more trouble than it’s worth. Here’s why:

- If you have a car, you’re going to need parking. Most apartments don’t include parking, which means you need to factor in *at least* an extra $75-150 per month to park the car in a reserved spot.

- An alternative to a reserved spot is permit parking, which is decidedly cheaper than a reserved spot, but has its own drawbacks. Finding a parking spot can be a hassel, and due to winter conditions, sometimes it’s impossible.

Before you go selling your car, there are advantages to keeping it if you’ll be living in the right areas. Here’s why:
- If you select an apartment or home in cities like Medford, Arlington, Jamaica Plains, or Newton, a car is a necessity. While there is some public transportation that runs from the main hub stations to the residential streets, timing can be tricky. Can you live with being caught in the snow waiting for 45 minutes for your bus to take you to the T (MBTA) station?  Most of these cities will have parking options included in rent.
- Public transportation, while integrated well throughout the Greater Boston area, can take up to 8X the amount of time to get from one place to another. If your work demands travel, having a car is essential, as the T/busses can be unreliable.

Each neighborhood has its flavor

Where are you going to live?

Choosing the right neighborhood can mean the difference between a loyal Bostonian and a grumpy New Englander who can’t wait to escape. If you’re young and looking for a rental arrangement where you’re sharing with a friend, Alston, Central Square, Brighton, and Jamaica Plains are great cities with lots of bars, shows, and affordable rents. While most landlords will accept cats, it’s rare to find a place that accepts dogs outside of Jamaica Plains or Mission Hill. Alston and Brighton are great areas to eat well, meet people, and live affordably without compromising your fun budget. Central Square is a beautiful residential area with a strip of night clubs and restaurants running down the center.

If you’re a little further along in your career, you may look at Brookline, Newton, Back-bay, or the North end. Many young professionals love living in the North End because it’s convenient for work, there’s a real sense of community, and the food (Italian) is to die for. Brookline and Newton are very family oriented towns, complete with beautiful parks, very accessible groceries, and lots of activities for all ages. Backbay is where fashion and views reign supreme, with easy access to shopping, the Charles, and all the theater/foodie restaurants your heart desires.

There’s many more neighborhoods, and many more considerations to relocating. Working with an agency like Tri-State Realty Group can help make the process seamless as opposed to scary stressful.

Connect with Tri-State Realty Group

You can now find and follow Tri-State Realty Group on Facebook and Twitter!  We’ll be offering our Friends and Followers insider tips, helpful market updates, featured listings, and more!

Tri State Realty Group on Facebook

Find us on Facebook!

Tri State Realty Group on Twitter

Follow us on Twitter!

Tri State Realty Group on LinkedIn

Connect with Founder, Jody Pattison on LinkedIn.

Tri State Realty Group on Yelp.com

And if you’ve had a great experience working with us, please review us on Yelp.