What is your MassLandlords Membership Cash-on-Cash Return?

Best Free Stuff at MassLandlords

Much of our information is offered free as a way to reach new members: older videos of past educational meetings; links to the laws; security deposit checklist; our very popular article, “Which Tenant Screening Service is Best;” and most importantly, electronic copies of this newsletter are all free. Read more at our article, “Best Free Stuff at MassLandlords.net.”

Membership Pays for Itself: What is your Membership Return?

Each member can calculate a cash-on-cash return or a profit-and-loss to decide whether membership was worthwhile. Here’s an example of a profit-and-loss:

Let’s say you are the sole proprietor of a single investment unit. Let’s assume it rents for $800/month.

Start with your dues at $100. That’s your $100 expense to recover.
Members save 10% at ClearScreening Smart Screen, which shows real credit data for $30. Let’s say you screened two tenants for $60 total. You saved $6, $94 to go.

Members save 20% on Home Depot paint. Let’s say you paid $100 for a single apartment’s worth of paint. You saved $20 more, $74 to go.

Members get their first tenant free for a year at RentHelper, which normally costs $0.006 per dollar rent collected electronically. Let’s say you did this and saved $57.60, $16.40 to go.

Members get our rental forms, which contain dozens of money savers including an automatic rent increase. Let’s say you set your rent increase at 3% per year and earned an extra $288. That put your membership $271.60 in the black.
Can you do that for your membership?

Advanced Members Advance Further

Some of us might have pocketed the $272 saved above and never renewed. Or we might have reinvested all that new money in a premium upgrade to attend ten MassLandlords events.

Did you learn that you have discriminatory advertisements, and that there was a 1 in 100 chance you might be fined $30,000 by the Attorney General. Probability-wise, you saved $300 when you fixed your ads.

Did you learn how to get 90% off wall and ceiling insulation, valued at $10,000 for your property? If you did that, you will have paid $1,000 for that insulation. Your property value will have increased by $10,000. That’s $9,000 of net balance sheet improvement, and potentially much more cash improvement due to resale value (if you sold) or higher rents (if you raised them).

Did you get a great deal on one of your properties because you met the seller an event? If the building was worth $300,000, and you saved 10%, you can say you saved $30,000 from your membership.

What is your MassLandlords profit-and-loss? Email hello@masslandlords.net or leave a voicemail at 774-314-1896 to tell us how much better off you are. Entrants whose stories are shared will be entered to get a free membership for a year. We’ll probably give away a couple of memberships, depending on response. You can be vague or precise.