Joe Mori Joins Keller Williams Lakes and Mountains Market Center

CONWAY — Joe Mori, a real estate sales professional in North Conway, has joined the Keller Williams Lakes and Mountains Market Center.

"We are ecstatic to have Joe Mori join us here at Lakes and Mountains," said Nathan Dickey, Operating Principal / Owner / Broker of Keller Williams Lakes and Mountains. "Keller Williams offers its associates unparalleled career growth and lifelong learning opportunities in the real estate industry. We know that Joe will be a great fit and that it is our customers who will truly benefit from Joe joining us."

Joe earned his New Hampshire license this year and promptly started Mori Realty under the Keller Williams umbrella.

The youngest of Glenna and Earl Mori's five children, Joe was born and raised in the valley, and now resides in Conway with his wife Donna. "I consider myself fortunate to have grown up in the valley and although like many I moved away for a few years, I was able to find my way back," Joe said. Joe's wife Donna moved to the valley in 1996 and today runs Amori Stables off Tasker Hill Rd. Together they have 6 grandchildren and love living in the valley as much as they love their children.

Joe has been on both sides of the real estate experience, having bought and sold four homes, and knows firsthand how to avoid potential pitfalls and benefit from the many opportunities of the home-buying process.

Prior to his entry into real estate, Joe traveled the country and abroad, helping companies evaluate high-tech software solutions. Although much of my thirty-year sales career was spent traveling I was very lucky to be able to live in the valley," Joe said.

Keller Williams has put its mark on the real estate industry by offering comprehensive educational resources and technological tools. In 2015 Training Magazine named the company as the No. 1 training organization across all industries in the world.

"I chose Keller Williams because of its reputation for integrity and its agent-centric business model," says Mori. "I want to grow my real estate business, and Keller Williams provides the training and technology that will help me reach my goals."

The Lakes and Mountains market center, located at 3641 White Mountain Highway, was original established in 1994 as JT Realty and joined KW Lakes & Mountains in October 2015. Today there are 15 associates in the North Conway office. Already, KW Lakes and Mountains has achieved the number one spot in year to date market share.

To contact Mori, email This email address is being protected from spambots. You need JavaScript enabled to view it. or call (603) 569-4663 Ext. 5256.

To learn more about Keller Williams, call Nathan Dickey at (603) 610-8500 or visit www.kw.com.

Austin-Texas based Keller Williams Realty, Inc. is the largest real estate franchise by agent count in the world with 700 offices and 125,000 associates across the Americas, Europe, Africa and Asia. In 2015, Training Magazine named Keller Williams the No. 1 training organization across all industries in the world.

Since 1983, Keller Williams has grown exponentially and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards agents as stakeholders. The company also provides specialized agents in luxury homes, commercial and farm and ranch properties.

For more information, visit www.kw.com.

 

Like new Rockhouse Mountain home


This 2004 Rockhouse Mountain home located at 108 Brenner Drive in Conway feels like new. There are large, bright rooms throughout and an open, easy flow, everything is oversized, with well over 2000 square feet of finished space.

The main level has desirable hardwood floors in the open living and dining areas, and stainless steel appliances and tile in the kitchen. The dining room has sliders opening to a great wrap around covered porch.

There are three impressive bedrooms, a spacious family room, and three baths. The home is set for maximum curb appeal and feels like you are in the country while being only an easy few miles from Conway Village.

As a bonus, Rockhouse Mountain residents get to use the three ponds at the Village District of Eidelweiss. This property is priced right at $199,900 and easy to see.  Bonnie Hayes is the Realtor and can be contacted at (603) 520 8411 or via Select Real Estate at (603) 447 3813. The mls number is 4509993.

Jason Robie: Double your pleasure

By Jason Robie

If you've been following along with our articles for the past few years, you know I was lucky enough to stumble into a duplex as my first home purchase. At the time, I was working with someone whose spouse was a mortgage professional. While I was not making an exorbitant amount of money at the time, the details surrounding the purchase of a duplex made it a viable and realistic option. Let's take a look at some of the more tangible benefits of these types of properties.

The primary reasoning for me, in heading down the duplex path, was financial. At the time, I was living and working in Portsmouth and, as you may be aware, that is not an inexpensive city in which to live. I was paying monthly rent in excess of $1,000 and I assure you it was painful to hand over that check each month. It wasn't painful because I felt it was unjust, the market was comfortably bearing those prices, it was painful because I knew, with interest rates where they were, I could be paying my own mortgage instead of someone else's.

When I began exploring this option, in the very late 1990s, there was a healthy "first time home buyers" credit, an FHA adjusted down payment option and, due to my income level, a small grant intended to help out with that down payment. Lastly, and this is still the case with most lenders, the bank included 70 percent of the "tenant's" rent in my annual budget. This meant that while on paper I was only making X, with $700 per month added to my annual income, the bank looked at my budget as Y. This 70 percent number affords a little wiggle room if the other side of the property sits vacant for a month or two. When all was said and done, I paid almost nothing out of pocket and enjoyed the benefit of my upstairs tenant paying 90 percent of the entire mortgage. (Shhh, don't tell them!)

Besides the mortgage benefits (and rental income), there are tax benefits to owning a duplex as well. One of the main advantages is the ability to write-off any expenses for repairs. When I purchased the property, the lower level was in need of some significant help. Although I lived in the unit, I replaced the floors, the bathroom fixtures and painted every square inch of that interior. All of those costs were skimmed right off the top of my annual income. That helps out quite a bit when it comes to tax time. In my case, that number was north of $10,000.

One of the unexpected benefits of duplex ownership is the informal "hard knocks" education that you will gain. My first lesson was in the choosing of a tenant. Up to this point in my life, I lived a life surrounded by my own circle of friends, family and work-friends. When you are renting a property and you expose yourself to the "rest" of the world, your eyes are immediately opened to the reality that everyone is not like your small circle of friends. I once had a woman who made her living as a "call girl" apply for tenancy. While I don't judge her on her career decision, I had a hard time verifying her "source of income." And no, I did not call any of her references

"There are dozens of experienced folks around the area that can offer help and insights into multi-family ownership," Badger Realty agent David Cianciolo said. "Utilizing their expertise and experience can save new owners and landlords lots of frustration and even some financial missteps," he continued.

In my particular case, I needed the upstairs apartment to be rented in order to maintain my budget. I could have swung the mortgage by myself, but it would have meant fewer trips to the Smuttynose Brewery. If you can afford to not have a tenant, owning a multi-family property opens up a slew of other opportunities for you. If that were my situation today, I would most certainly have a really cool office on the other side. Other options are making that space into a guest "house," an in-law apartment and even a space for your aging parents when they get to that point where they could use a little help. I promise you it will be cheaper than multiple flights to Florida per year.

When I first jumped into the landlord business, I had "friends" share lots of horror stories about nightmare tenants. There was the guy who stopped taking his medication and mixed wallpaper paste with soil and seeds so he could "plant" the walls of the apartment with grass. There was the plant lover tenant who brought in countless bags of soil and mulch so he could make an indoor garden in the living room (complete with shrubs and flowers). And there is always the stories about those lousy tenants that simply don't pay the rent.

In my case, my upstairs tenant was consistently late with his payments. That said, they were quiet, respectful and had two really cute and well-behaved kids in grade school. I knew that he would always eventually get me a check and that his small family had no intentions of leaving the property or the neighborhood while the kids were in school. Add to that, that he never tried to "plant" the walls of the unit, and you have an ideal tenant!

Duplex or "multi-family" ownership is a fantastic way to dip your toe (or your whole leg, actually) in the pool of real estate ownership. It softens the harsh reality of a full mortgage payment and affords you many benefits. There are challenges that come with having someone living in the same "structure" as you, but in my experience it is well worth the extra headaches. Give your real estate professional a call today and see what creative housing opportunities are available to you in the Mount Washington Valley. You may be surprised at how much you enjoy being a landlord.

 

Jason Robie: Olympic organizing

By Jason Robie

People often refer to cleaning tasks, such as cleaning out the garage or cleaning out the shed, as "making room for more junk." You likely know where I stand with clutter and unnecessary "stuff" around the house. Unfortunately, for people like Michael Phelps and Simone Biles, they are going to need to make some extra room around the house to display their fancy new hardware. While many of these suggestions we're going to cover today do not really help with Olympic medals, they will help keep you more organized and even make it easier to stay that way.

One of the more common areas of "debris" in the home is the kitchen sink. One of the best inventions of all time is the drying rack. Washing dishes (and even pots and pans) immediately after they are used makes this chore significantly easier. I can't stand to have dirty dishes in the sink, so I'm more likely to get them cleaned and in the drying rack immediately after a meal. This not only helps with kitchen smells, but also ensures the sink is empty and clean for hand washing and other tasks.

Property of the Week: Cottage on Lovewell Pond


This very special offering on Lovewell Pond in Fryeburg, Maine, features two cottages perfectly placed on 90 feet of pristine frontage.

Located at 102 and 104 Trebor Road in Fryeburg, Maine, there is an oversized garage for all of your toys. One cottage has been tastefully updated offering 2 bedrooms, open kitchen/dining with sliders to the deck. The other cottage is all open with tons of sleeping space and a full kitchen.