Letter from the Broker

The Pendulum Has Swung

Rental market has been fragile for a few years now with inventory levels going up and burgeoning neighborhoods adding units attracting a new population of renters. It was really only a matter of time until options were plentiful, rents capped off and the supply outweighed the demand. It’s not like we didn’t see this coming. Top it off with a “black swan” and the proverbial bucket runneth over.  We’re halfway through May and there are plenty of June options out there. Once June 1st hits, what were June options become July options which makes July inventory levels swell. It’s like…

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Letter from the Broker

KREM Crew

Let me pull back the curtain a little bit. I’m mostly comfortable allowing myself to be vulnerable. I’m going to take an opportunity here to humble brag for a minute. 2019 was an incredible year for KREM. Our team (the #KREMcrew) worked their butts off to ensure all of our rental clients were taken care of. This means having no exclusive rental inventory left behind post-9/1. Because we were able to partner with some really extraordin This story isn’t old. It’s from 4 months ago until now. KREM was a small group with lofty goals and BIG projects on the…

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Letter from the Broker

When Charming Loses its Charm

It was something I heard a lot when I moved to Boston and a phrase I used as a rookie agent when showing apartments. Charming. I used to really feel like old units WERE charming.  The gracious foyers with the chandeliers and crown molding. The walnut stained wainscotting hugging the sides of a winding staircase. The leaded glass hutch carefully installed in the dining room wall.  That word then became synonymous with a place being, well, a dump. We would joke that it was “charming” rather than a sh*thole.  So when did charming lose its charm?  You could argue several…

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Kingston Local

PetMedic

We’ve all been there. Watching the world go by in the waiting room at the doctor’s office just to get some relief from an ailment. Thankfully for us, urgent care facilities have become more available which fits many of our busy schedules much better. Get in and out quickly and get quality care, without making an appointment a month from when you actually need it and wasting half your day away.  Now, think of this same dynamic- for your pet. It’s brilliant. Enter, our newest #kingstonlocal partner, PetMedic Urgent Care Vet Clinic. Dr. Nir Ben-Ari recognized the need for an…

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Letter from the Broker Property Management Tips

How Low Rents Can Kill You

Perception is reality.  I once heard that the popular Peloton bikes were once half the price than they are now. At that price point, they had a really difficult time selling. After a re-brand and price increase they have now become the most popular at-home exercise brand on the market today.  How does RAISING the price actually help?  For starters, it invokes a quality that otherwise may not be assumed. Giving the product the gravitas- whether that’s a high price or shiny accoutrements- will help give it value. Something the consumer can see/touch/feel or at the very least, perceive.  There…

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