The Town of Newton Massachusetts

 

Newton is a suburban city in Middlesex County, approximately seven miles west of downtown Boston, bordered by Boston to the east. Rather than having a single city center, Newton is a patchwork of thirteen “villages.” Newton is served by three modes of mass transit run by the MBTA: light rail, commuter rail and bus service. The city’s easy commute to Boston, along with its good public schools and safe and quiet neighborhoods, make it a desirable community for those who commute to Boston. Newton has consistently ranked as one of the best U.S. cities to live in.

Newton was settled in 1630 as part of “the newe towne” (which in 1638 became Cambridge), becoming its own town in 1688. Historical sites of interest in the Newton area include Crystal Lake (fronted by several historical homes), the East and West Parish Burying Grounds and the Jackson Homestead, which now houses the Newton History Museum.

Newton’s patchwork of 13 “villages” (many with small “downtown” areas of their own) includes: Auburndale, Chestnut Hill, Newton Centre, Newton Corner, Newton Highlands, Newton Lower Falls, Newton Upper Falls (both on the Charles River and both once small industrial sites), Newtonville, Nonantum, Oak Hill, Thompsonville, Waban and West Newton. Though most of the villages have a post office, they have no legal definition and no firmly defined borders.

 

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J. Butler Property Management, LLC. : Newton, Massachusetts

Elsewhere on this website, it was observed that the first step on the road to value creation is to assess the property objectively. The next step is to find out as much as possible about competing properties and how they impact the goals of the owner of the subject property. If the owner of an office building thinks he or she can command $35 rents (per square foot) but market tents have fallen to $33, it is the property manager’s duty to recommend and set rental rates with the goal of increasing value. Property managers must do their homework. Property managers must be sure to know their properties inside and out, physically and fiscally. When did the manager last conduct a property inspection, visit tenants or scrutinize a variance report? Unfortunately, many managers don\'t always take the time to correct issues until it\'s too late, sometimes at the cost of losing a tenant. It is important for managers to be proactive, to avert similar issues in the future. When conducting a property inspection, the manager must think like both an owner and a tenant. What issues are likely to detract from the tenant\'s success or from the building\'s prosperity? What are the hot button issues? If one tenants moves out or a prospective tenant chooses another property, the manager must assess the reasons why. Did they find a more suitable space or a better rate? Were there any unresolved communication, maintenance or billing issues? At this point, the manager is ready for the next step: conducting a market analysis.