WCVB 5 News Story on Boston Pads LLC Regarding Rental Market Update

NEEDHAM, Mass. —

“WE HAD 106 5598 UNIQUE LISTINGS AND THAT COMPRISES 15,500 PLUS LANDLORDS WE HAVE. >> THE MAJORITY OF RENTALS RUN ON A SEPTEMBER 1 LEASING SCHEDULE TO COINCIDE WITH COLLEGE STUDENTS RETURNING TO TOWN, BUT WHEN THE PANDEMIC HIT, EVERYTHING CHANGED. ” -Demetrios Salpoglou, CEO

Demetrios Salpoglou is the CEO of Boston Pads, an extensive and continuously growing online database.
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Ben Leavitt works for NextGen Realty and can be found on Instagram @NextGenBen, by phone: (617) 285-5884 or e-mail Bleavitt@NextGenrealty.com.

James Arsenault is the landlord at this Allston apartment. Arsenault usually rents out a year in advanced, but due to COVID-19 it is still sitting vacant.

“THE AVERAGE ONE-BEDROOM RENTAL PRICE DROPPED MORE THAN 8% FROM SEPTEMBER 2019 UNTIL SEPTEMBER 2020. TWO-BEDROOM RENTS ARE DOWN ALMOST 3.5%. >> IT’S IMPACTING US FINANCIALLY BECAUSE THAT EXTRA MONEY IS NO LONGER THERE. IT IS A LOT HARDER TO MAKE THOSE MORTGAGE PAYMENTS.”

Read the full Boston Rental Market Update and more video options.

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