Michael DiMella
4y ago
Managing Partner @Charlesgate | Empowering people to be better real estate investors and leaders | Posts on #realestateinvesting #leadership #entrepreneurship
The students are coming! The students are coming! ๐ฉโ๐
En masse, over 150,000 students are now descending on Boston. Today.
Over 60% of them are living in "off-campus", private housing. And today is the day to move in.
It's truly a sight to behold. ๐
Boston Moving Day is upon us.
If you've not experienced #BostonMovingDay, you owe it to yourself to visit Boston on September 1st.
(๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ, ๐ฏ๐ฐ, ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ช๐ต๐ฆ๐ญ๐บ ๐ฅ๐ฐ๐ฏ'๐ต)
It's epically wild. Crazy. Insane.
Some neighborhoods have it worse than others. In #Allston, today is known as "Allston Christmas" because of the piles of used furniture left on the streets by outgoing tenants.
When nearly a quarter of a city's population is made up of college students, and a huge chunk of them not able to be served by college dorms, the private market needed to step up. In a big way. (but that's a story for another post).
And because of this critical mass of student turnover each year, much of the rest of Boston's non-institutional apartment stock has evolved to align with this September 1st leasing cycle.
The best part...same-day turnovers and simultaneous move-outs and move-ins are the norm.
It's been that way for decades.
So now it's not just student moving day, it's ๐ฉ๐ถ๐บ๐ป๐ถ๐ต ๐ด๐ถ๐ฝ๐ฐ๐ต๐ฎ ๐ซ๐จ๐
Fun. :)
โกโก ps. I just want to drop a huge ๐๐๐๐๐ ๐๐๐ and ๐๐๐๐ ๐๐๐๐ to my team at CHARLESGATE who are managing an incredible amount of turnovers throughout #Boston today and through the weekend. It takes an unbelievable amount of planning, early mornings, late nights, and handling a lot of stress. As usual, my team has stepped up in a huge way, and I'm so proud of the teamwork and passion for delivering the best experience possible for residents under the most challenging circumstances.
#bostonrealestate #propertymanagement #bostonapartments #leasing #studenthousing #multifamily