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More than half of smaller, independent landlords, who expect the difficult rental market to continue, are renovating their vacant properties, according to a recent study.

The National Association of Independent Landlords found 76 percent of landlords said they are sprucing up property to attract tenants. This concept not only applies to new renters but the retention of existing tenants as well, the study found.

More than 40 percent of respondents said they are renovating to keep renters from moving.

“With so many homes and apartments sitting empty, landlords want their properties to stand out from the competition. Even if landlords have no rent coming in, they need to bite the bullet and make improvements to put their properties on renters’ short lists,” said Tracey Benson, president of The National Association of Independent Landlords.

Landlords are opting for low-cost improvements, such as adding a fresh coat of paint or installing new kitchen cabinet knobs, rather than paying top dollar for new floors and stainless appliances, the study found.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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