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The Real Estate Law Podcast

The Real Estate Law Podcast

Author: Jason Muth + Rory Gill

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Welcome to The Real Estate Law Podcast, because real estate is more than just pretty pictures and the law goes well beyond the paperwork and courtroom arguments.Join hosts Jason Muth and Attorney / Broker Rory Gill for entertaining and informative conversation about how and where the worlds of real estate and law intersect.The Real Estate Law Podcast is powered by NextHome Titletown Real Estate, Greater Boston's Progressive Real Estate Brokerage (www.NextHomeTitletownRealEstate.com) and Urban Village Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders, and investors (www.UrbanVillageLegal.com).Discover more at www.RealEstateLawPodcast.com.
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Meet Matt Davis!Matt shares his story about getting started in multifamily investing with his amazing 6-unit building that he located from a city website!After graduating from college, working full-time, and scouring real estate websites, Matt decided to start attending real estate meetups and put his ideas in action. He shares some of the lessons that he learned along the way, including how to raise money from friends and family for smaller projects and how there are still good deals out there as long as you put yourself in a position to find them!We discuss Matt's amazing real estate find from the City of Lowell that launched his career as a real estate investorIf you're searching and searching for your first deal and coming up short, listen to Matt's story for additional encouragement and some novel ideas that will set you apart from other investors. Matt has a fantastic story, and this is an episode that you won't want to miss!More Items discussed during this episode:- The value of attending real estate meetups- How he landed his first deal by pitching the City of Lowell- The value of networking- How he raised almost $140k for his first deal with little experience- How Matt's real estate "obsession" turned into an "investment"Matt Davis on Instagram - https://www.instagram.com/mattdavisrealestate/#realestatelaw #podcasting #realestatelawpodcast #realestateattorney #bostonrealestate #podcast  #multifamilyinvesting #cityownedproperties__________________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)Support the show (https://www.urbanvillagelegal.com)
Meet Eric Seferian, a loan officer with the Bank of England (no...not that England. Bank of England Mortgage based in Little Rock, AR with branches nationwide).Eric is based in Boston, and he tells us how he pivoted from working as a leasing manager into the mortgage world. We discuss the many types of buyer personas that We discuss life as a loan officer, what it's like to work as an apartment leasing manager, and how psychology majors can success in real estate in overcoming objections and working with all different types of buyers.If you're a recent graduate and trying to figure out how to jump into the real estate world, Eric has a fantastic story, and this is an episode that you won't want to miss!More Items discussed during this episode:- Tips for First-Time Buyers- How to get your credit in shape- Down payment assistance- Life as a leasing officer- What a mortgage broker doesEric Seferian - https://bostonboe.com/team/eric-seferian/Eric on Facebook - https://www.facebook.com/Eric-Seferian-Home-Loan-Originator-111826157340155/#realestatelaw #podcasting #realestatelawpodcast #realestateattorney #bostonrealestate #podcast #mortgagebroker  #firsttimebuyer__________________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
Some of the nastiest cases we have ever handled involved real estate co-owners going their separate ways. Married couples can get a divorce through the courts, but what happens when unmarried co-owners can’t agree? What happens when unmarried couples, siblings, or business partners can’t resolve their differences?Today, we are going to talk about how these breakups get resolved, how to avoid them, and how to prepare yourself to get a bigger slice of the pie.When do these non-marital breakups happen?More often than you think. Most frequently, and with the most conflict, we see unmarried couples fight over their shared property and siblings fighting over an inheritance. However, this can also happen with investors, friends, and other family members.How is the conflict resolved?Any co-owner has the right to force a sale of the property. When they insist on forcing the sale, they can sue in court in an action called a “petition to partition.” This is an adversarial process that will ultimately end with a court order compelling the sale, the appointment of a commissioner to oversee it, and the division of proceeds.This process is expensive. When court costs and commissioner expenses are added, this can – and often does – exceed the total equity in the property.In Massachusetts, the court will require everyone to attempt formal mediation. This is also expensive. Then, all sides will need to prepare and present their cases at trial. Most of the court case involves showing the parties’ relative contributions to the property.How can this extreme case be avoided?By having a “property prenup,” you can agree in advance how a breakup would happen. I encourage unmarried co-owners to always draft an agreement in advance. For individuals, this can be a cotenancy agreement. For investors, these terms would be in a partnership agreement or operating agreement.If you’re heading toward a petition to partition, what should you do?Document and gather everything! The more you can show you contributed to the property – in terms of money and effort – the better prepared you will be for mediation.#realestatelaw #podcasting #realestatelawpodcast #realestateattorney #bostonrealestate #podcast #realestatebreakup  #taxtips_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!You can follow our sponsors here:NextHome Titletown Real Estate:https://www.instagram.com/nexthometitletownrealestate/?hl=enhttps://www.linkedin.com/company/nexthometitletownrealestateSupport the show (https://www.urbanvillagelegal.com)
This is a question that comes up a lot – even though it’s probably not the most important question.  Your investment strategy is more impactful than a choice of a business entity.Nevertheless, an LLC can be a useful tool for some types of real estate investors and certain investments.What are the advantages of having an LLC for your investments?A properly created and managed LLC can shield your other assets from liability and debts.It separates your personal and business affairs.It allows you to take on some debt that is either not personally guaranteed or not on your personal credit report.It facilitates simple and complex business arrangements.What are some disadvantages?Some lenders will not allow it.You are mostly limited to commercial loan products, which have higher fees and rates.There are costs to the state.You must manage it appropriately to keep the benefits.You are still liable for any personally guaranteed debts.There is some up-front work.What are some alternatives?Corporations and S-Corporations for active income.Umbrella insurance and other insurance products.Partnership Agreements.A management entity instead of a title-holding entity.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
There is a ton of real estate market data out there!Spreadsheets and tables of numbers can be daunting, but if you're a number-cruncher, it also can be addicting to dig deeper into the specifics.The challenge involves distilling all this information into actionable intelligence.Whether you are a buyer, investor, agent, or homeowner, there is no shortage of data when it comes to local housing markets.With so much information available, it is often hard to know where to begin.To get started, let’s look at some of the basic metrics all real estate professionals should know, and we will break down what these metrics mean when you're evaluating a property.Metrics such as:Inventory: Inventory is the total number of active listings in the market.  This item alone will not tell you much unless you compare it against historical data or other information.Median Price: This is the middle percentile listing price of active listings in the market.Days on Market: This is the key piece of data used by real estate agents everywhere.  This explains how long the average active listing has been available.Months of Inventory: This is a key summary of data, explaining how long it would take, at the current rate, to deplete all inventory.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
This is Part 2 of our 2-part series on how to evaluate a vacation rental market.Vacation rental properties have become a popular way for families to skip the cramped accommodations of a hotel and rent out larger spaces when they head to the beach, mountains, woods, or even into many city centers.Many people want the independence of a vacation rental but they don’t know how to evaluate the market and if it will work for them.When you are looking into purchasing a vacation rental property and listing it on Airbnb and VRBO, it is important that you know how to evaluate the market for them so that you can get the best value in your purchase.Have a Backup PlanRules, regulations, and markets change.Know how your vacation rental would perform as a LTR or as a sale as a non-vacation property.Research the Hotel MarketHotels are your competitors, and researching the market can expose saturated or underserved marketsWhat are the hotel rates, vacancies, amenities, and quality?These are stronger competition in slower seasons, when stays are typically shorter.Don’t Rule Out the Less Popular PlacesVacation rental markets are still dictated by supply and demand.In-demand locations are obvious as popular vacation spots and are the prototypical vacation rentals.People still travel to less popular places all the time for family reunions, weddings, and other personal connections.Research into some less in-demand locations may reveal an acute shortage in supply - very few STRs or hotels.  Hosting in these markets may provide some opportunities to serve the lower, but still underserved, demandJoin Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
Vacation rental properties have become a popular way for families to skip the cramped accommodations of a hotel and rent out larger spaces when they head to the beach, mountains, woods, or even into many city centers.Many people want the independence of a vacation rental but they don’t know how to evaluate the market and if it will work for them.When you are looking into purchasing a vacation rental property and listing it on Airbnb and VRBO, it is important that you know how to evaluate the market for them so that you can get the best value in your purchase.How to Evaluate a Vacation Rental MarketObvious Point: Research the State, Local, and HOA RestrictionsThis should be fairly obvious to anybody considering STR investmentsKnow any applicable restrictions on renting, duration, and frequencyKnow and plan for the taxesAvoid Extreme SeasonalityMany vacation markets have seasonality, and that’s OK! (Think: the ski house or the beach house)A high performing vacation rental, however, should have some appeal and marketability year roundWith too much seasonality, there’s additional risk, (e.g. weather, global pandemic)Plan for the Shoulder SeasonHaving a valuable shoulder season helps drive up your profitability.  If the high season covers your expenses, the shoulder and off-seasons are your profit.Think as a shoulder season renter.  They have more options for amenities and location.  Will yours be attractive to them?Avoid places whose location or attractiveness are people’s second choice.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 5,000+ NextHomies in 48 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading thSupport the show (https://www.urbanvillagelegal.com)
The Problem:Inventory is exceptionally scarce right now.  That means that there are way more interested buyers than there are homes available.  Open houses have long lines, and most decent places are going under contract way too fast.  Buyers don’t have a chance to think, they’re outbid, and they keep losing out on homes for sale.What can they do:Prepare in advance.  Have the pre-approval ready to go before looking at houses.Be educated.  Know what’s in the market so you can move quickly.Accept that the first offer is likely going to be a learning experience.Look beyond NEW listings.  Those are the ones generating the most interest and the bidding wars.Properties that have been on the market longer have less competition and more negotiating room.  Try to determine why the listing is still there – overpriced, needs specific buyer, has problems, sellers are difficult, etc.Look at properties that recently went under agreement.  Submit a backup offer while you’re looking elsewhere.Jump on properties that are back on market.Look at canceled and expired listings.Try to buy homes that are listed for rent.Look at new construction.Craft offer to be flexible for seller.Have some patience._____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)Support the show (https://www.urbanvillagelegal.com)
The listing sheet doesn’t fully explain the seller’s motivation, hidden property issues, or the competition your offer will face. There are many more questions that you should ask when considering a home. Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!Notes from this Episode: Why do the owners want to sell?Why we like this question: The answer reveals the owner’s motivation and helps you craft a competitive offer.The owner’s timeline to move – relocation, schools, 1031 Exchange?The owners’ need for a fast closing or to maximize sale priceAny joint decision makers?Upsizing or downsizing?Occasionally, the answer can reveal a flaw in the home or neighborhoodTake some cues from the condition of the home: occupied/vacant/staged, complete/under construction, messy/clean, etc.How is this property zoned?Why we like this question: This can reveal some hidden value.Always verify the answer independentlyIs the current use a higher or lesser use than the neighboring properties?ADU: accessory dwelling unitsWhat is the optimal unit size for your area?What is the current insurance premium?Why we like this question: This is an indirect way to discover problems with the property or its historyHow does this compare to the area’s average insurance rate?A high amount will require follow up questionsIs the high rate due to past claims activity?Why else is the insurer charging high premiums?Master insurance for condominiumsA high premium could also be due to issues with the owner.Are you expecting any offers?Why we like this question: This is a surprisingly effective way to size up the competition.Many agents are surprisingly candid in the response.You never know what the agent is going to reveal.The agent may reveal their own opinion on the property.You can gauge the urgency of submitting an offer._____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)Support the show (https://www.urbanvillagelegal.com)
No, you won't get a cramp if you go swimming after eating.And if you swallow gum, it will not remain in your body for seven years.And the world is not flat. It just isn't. Stop it, flat earthers....Real estate has a ton of myths that many believe to be true. Everything from necessary disclosures to what actually constitutes a bedroom.So what are some common real estate myths? We review 5 excellent ones in this episodes, and the truths or falsehoods behind them might surprise you!MYTH #1: A real estate agent has to disclose haunted houses or crime scenes.MYTH #2: It’s up to the real estate agent to disclose all problems with the home.MYTH #3: There is a way to exempt yourself from property taxes.MYTH #4: New construction homes must come with a warranty.MYTH #5: A bedroom has to have a closet to be a legal bedroom.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn all about common real estate law myths during this episode of The Real Estate Law Podcast!_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)Support the show (https://www.urbanvillagelegal.com)
Seller's Markets can make for challenging situations if you're looking for a home or an investment property - tons of competition, multiple offers, lots of power in the hands of the other party. How can you make your offer stand out? Or, at least, how can you be sure to submit an offer that includes everything that the selling party requests?Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn all about how you should submit an offer in a seller's market during this episode of The Real Estate Law Podcast!Notes from Episode:Be complete.Read the listing agent’s instructions and be sure to follow all reasonable requests.Fill in all fields accurately.Be honest and ethical.Don’t leave out a contingency with the intention to be sneaky.Skip the love letter.Don’t represent that you have something in hand when you don’t.Be kind to the listing agent.Make the offer easy to review.Complete and in one PDF.Let the agent know the offer was sent.Provide BackupHave a correct and updated pre-approvalHave proof of funds for down payment and any escalation/appraisal issues_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)Support the show (https://www.urbanvillagelegal.com)
Solar panels can be a way to lessen your energy footprint and to save on electricity costs.  However, the installation of solar panels can complicate your ability to sell and refinance your home.There are some legal issues in regards to panels and real estate transactions that you will need to be aware. Here we explain some legal considerations for solar panel owners and why individuals with solar panel installations on their homes are often faced with dilemmas when it comes time to sell their homes.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn all about the issues with having solar panels when it comes to real estate transactions in this episode of The Real Estate Law Podcast!Notes from this Episode:Legal Issues with Solar Panels and Real Estate Transactions based on how you acquired your solar panels.  Generally, there are three ways to acquire solar panels.#1: Buy Them.PROS: No ownership complications, no refinance or selling issues, adds value to your home, Tax Benefit (26%).CONS: High up-front cost means it will be a while before your investment pays off, Ownership of maintenance.#2: Finance Them.PROS: Cost spread out over time.CONS: High financing costs, associated liens can delay or prevent refinancing.  For most sales, as a practical matter, the lien will need to be paid upon sale.#3: Lease Them.PROS: Lowest cost to have.CONS: No direct tax benefit.  Buyers need to be approved.  Similar problems with refinances._____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
Airbnb, vacation rentals, and other short-term rentals are new ways of making money that investors are discovering as side hustles or legitimate full-time businesses.When you run an Airbnb, vacation rental or short-term rental business there are a number of tax implications that you may not find in your standard 1040 tax forms. These relate to home mortgage interest deductions, depreciation deductions, timing of income recognition and more.If you happen to be running, or are considering running an Airbnb (or vacation rental of any kind) or short-term rental company, you will want to listen to this episode of The Real Estate Law Podcast to understand how you can maximize your tax benefits and legally minimize your tax liability.Tax laws are constantly changing, especially for short-term rentals, so be sure to check with your tax professional.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn a number of helpful tax tips to optimize your Airbnb's finances during this episode of The Real Estate Law Podcast!In this episode, we discuss a number Tax Tips for Airbnb and Short-Term Rental Operators, including:1.     Tracking stays and keeping good records2.     Depreciation3.     When to place your rental in service4.     Mileage expenses and travel5.     Educational seminars6.     Loan and credit card interest_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.Discover more entertaining and informative conversations about how and where the worlds of real estate and law intersect at RealEstateLawPodcast.com.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
Real Estate Scams have been around for decades. But now, we are entering a brand new era in the world of real estate, where people have more access to information than ever before. The upshot is that we know more, are better informed, and are also more skeptical.Unfortunately, this has led to a rise in scammers in our industry. Real estate scams are nothing new; but what is new is that the internet has provided scammers with far greater access to potential victims, as well as lending them a sheen of respectability and believability.They’re not going anywhere anytime soon which is why we must be cautious whenever looking to sell or buy real estate. Real Estate Scams are not uncommon, and if you're not paying attention to all of the details in your transaction, you might fall victim.How can you protect yourself against Real Estate Scams? Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn all about real estate scams and how you can avoid them during this episode of The Real Estate Law Podcast!In this episode, we discuss a number of Real Estate Scams that you should watch for, including:1.     Wire fraud2.     Loan Modifications3.     Up Front Money4.     Guarantees5.     Cash Buyer Direct Sales6.     Rental Scams_____________________Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!We're powered by the following sponsors:NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.Discover more entertaining and informative conversations about how and where the worlds of real estate and law intersect at RealEstateLawPodcast.com.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInNextHome Titletown Real Estate Search:https://search.nexthometitletown.com/​​UrbanVillage Legal websiteAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!Support the show (https://www.urbanvillagelegal.com)
This is part two of our two-part conversation about condo conversions.If you haven't listened to part one yet (Episode 11), go back and check that out first! You'll learn a few of the basics there - What is a condo conversion?  Why would you undertake a condo conversion? How do you plan for condoizing a building?Here, we dig into some additional details, such as:How to do it: three items neededMaster Plan - as built drawing by architect and surveyorMaster Deed - description of units - who owns what - prepared by attorney in conjunction with architect’s plansDeclaration of Trust - how the condo is managed, rules - prepared by attorneyLegal limits, such as 4+ units, Extra municipal rules, and TaxesOther considerations - Registered land approval and insurance Learn all of this and more!Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! Support the show (https://www.urbanvillagelegal.com)
What exactly is a condo conversion, you ask? You have come to the right spot!We have a two-part conversation about condo conversions.What is a condo conversion?  Dividing up existing real estate into different pieces (not by lot line) so that they can be sold or owned separately.It’s not a physical difference - just a legal one.Why would you do a condo conversion? (Hint - If it’s more profitable to sell units separately).Some planning is involved for marketability - Separate utilities, Level of finishing, Sensible layouts and amenitiesHow to do it: three items neededMaster Plan - as built drawing by architect and surveyorMaster Deed - description of units - who owns what - prepared by attorney in conjunction with architect’s plansDeclaration of Trust - how the condo is managed, rules - prepared by attorneyLegal limits, such as 4+ units, Extra municipal rules, and TaxesOther considerations - Registered land approval and insurance Learn all of this and more!Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! Support the show (https://www.urbanvillagelegal.com)
In this episode, we're continuing our conversation about pricing strategy and how to price your home for the optimal sale price.If you're selling your home, you're going to want to nail the listing price when you first hit the market. The goal is to price it correctly - not too high that you'll need to make future price reductions, but not too low that you'll wonder if you made a mistake.Even in an overheated real estate market - where properties receive multiple offers before the Open House - pricing strategy is critical.Ideally, you'll drive competition, receive multiple offers quickly, and be in control of the entire process.Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! Support the show (https://www.urbanvillagelegal.com)
In this episode, we're talking about how to price your home for the optimal sale price.Even in a hot real estate market - where properties receive multiple offers before the Open House - pricing strategy is key.Price too high? You'll come across as greedy and some buyers might not even see your listing based on their search criteria.Price too low? You will wonder how much money you left on the table and your clients might wonder why they even needed an agent in the first place!But pricing it just right - you'll maximize interest, field multiple offers, and be in the driver's seat when you're considering who should be the next owner of your home.We offer a number of ways to pricing strategies, including:How to Determine Your Home’s ValueThe 3 methods of appraisalsPicking compsPricing Strategies - Going Low, Going High, Just RightLearn all of this and more!Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! Support the show (https://www.urbanvillagelegal.com)
In this episode, we're talking about how to keep everything and everyone safe during an Open House.How often do you open your front door to strangers, let them wander around your home, and check everything out (sometimes without supervision)?  Not often, we would hope!When you're buying or selling property, though, the rules are a bit different.  While sight-unseen offers are common for investors, the vast majority of residential real estate transactions involve in-person tours, and frequently, Open Houses.Realtors have many safety concerns when conducting Open Houses.  We offer a number of ways to keep safe, including:Touring with buyers - safety in your car and while alone in housesSafety for agents during showingsSafety for guests - what hazards to watch forWhat agents should do immediately upon arrivalSafety for owners and belongingsLearn all of this and more!Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! Support the show (https://www.urbanvillagelegal.com)
In this episode, we're talking about home inspections!  We are dissecting the home inspection process - how do you use the information that you learn and when should you panic?Is a Home Inspection a required part of the process?Negotiating for repairs and credits.When a Home Inspection will kill a deal.Who are the key players involved with a Home Inspection?It’s not always about the problems - sometimes a home inspection can be good homeowner training.Learn all of this and more!Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!  Support the show (https://www.urbanvillagelegal.com)
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