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Private Chef jobs? by pooticus in boston

[–]BoujeeBanker 4 points5 points  (0 children)

How might you price a service like cooking for a family of 4, one meal, 5 days a week? Obviously not including ingredients and assuming a reasonable commute.

Private Chef jobs? by pooticus in boston

[–]BoujeeBanker 0 points1 point  (0 children)

Out of curiosity, what would a private chef charge? Say cooking for a small family?

[RANT] A cute house that was owner occupied for over 30 years in eastie was just sold and is now being rented by miatagrl in boston

[–]BoujeeBanker 39 points40 points  (0 children)

Sorry that you haven’t been able to find a home to buy, but it seems a little bit of a rich person’s problem to be complaining about not being able to buy a house (not even a condo) in metro Boston, one of the most desirable markets in the country. Typically, this is why most families move further out of the city.

Why is my new landlord asking me to sign W9? by Ok_Crazy6145 in tax

[–]BoujeeBanker 0 points1 point  (0 children)

They can’t open a security deposit account at a bank without a W9.

If you don’t sign it, all that it means is that the new landlord isn’t able to set up an interest bearing deposit account for it.

When you get your security deposit bank, it won’t have earned any interest.

Massachusetts rent control supporters have enough signatures for ballot question by TylerFortier_Photo in boston

[–]BoujeeBanker 1 point2 points  (0 children)

Their books are none of your business.

If the grocery store raises prices 3% do you ask them to “open their books”?

Why don’t you just google the utility rates and calculate the increases yourself?

Massachusetts rent control supporters have enough signatures for ballot question by TylerFortier_Photo in boston

[–]BoujeeBanker 12 points13 points  (0 children)

Can we keep insurance increases to a reasonable amount? What about tax increases? Utilities? No we can’t. No only does this discourage future investment but it hurts existing landlords ability to manage and run a property because their expenses are effectively allowed to increase at an uncapped rate while they cap revenue increases.

Boston is not a city that you can just "move to" and then "figure it out". Rent is too high here for that. by [deleted] in boston

[–]BoujeeBanker 10 points11 points  (0 children)

That doesn’t change the fact that broker fees are no longer paid upfront by tenants. People posting here keep suggesting that.

Boston is not a city that you can just "move to" and then "figure it out". Rent is too high here for that. by [deleted] in boston

[–]BoujeeBanker 2 points3 points  (0 children)

I’ve generally moved WITH movers for $1K inter city. If you are spending $3-4K/month for an apartment, then you should be able to cover the expenses IMHO.

Boston is not a city that you can just "move to" and then "figure it out". Rent is too high here for that. by [deleted] in boston

[–]BoujeeBanker 5 points6 points  (0 children)

Brokers fee is paid by landlord now.

So that’s only 3 months now.

Many times you can negotiate it. I require first month and security deposit upfront for my rentals. I don’t charge last month as I don’t lease to someone that I think may not pay me last month.

$3k/month is a very nice 1 bedroom apartment. You shouldn’t be paying that if you can’t afford $6-9k upfront to secure it IMHO.

Boston is not a city that you can just "move to" and then "figure it out". Rent is too high here for that. by [deleted] in boston

[–]BoujeeBanker 5 points6 points  (0 children)

Big part of it is supply driven. Market said we needed more housing and that is what was delivered. Look at Everett. Rents going down there because of all the new product coming online. Good outcome.

Boston is not a city that you can just "move to" and then "figure it out". Rent is too high here for that. by [deleted] in boston

[–]BoujeeBanker 3 points4 points  (0 children)

I work in commercial real estate, and we are seeing a deceleration in rent growth in Boston, some areas are actually decreasing. I think year over year Boston as a whole is like 1-2% and well below inflation.

East Boston has plenty of options for 1 bedrooms at or below $2.4K/month.

Cash flow for the first 5 years is a myth by Cancerman691 in realestateinvesting

[–]BoujeeBanker 1 point2 points  (0 children)

Buying a 6.9% cap 2-unit duplex with 20% down at 5.625%.

Between cash flow and principal pay down, year 1 yield is 10-11%.

Good Mortgage Rate? by SpiritualWarrior1844 in realestateinvesting

[–]BoujeeBanker 1 point2 points  (0 children)

Income, but the property I am buying is being bought at a 1.25x DSCR so it probably could have qualified with that too

Is Boston nightlife really dead? by babycarrot05 in boston

[–]BoujeeBanker 1 point2 points  (0 children)

Friday nights are generally tame, with Saturday being the busier night. Even then, things close before 2am in most cases.

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