Your Realty Partners in the Maplewood Area

Powerhouse Realty has all the appeal and proximity of a local real estate professional, but with the out reach of a national firm! We will guide you through every aspect of the purchase, sale, leasing and management of residential and commercial real estate in Northern New Jersey and beyond. Powerhouse Realty successfully serviced and advised recognized leaders in the Real Estate financial and legal industries. Members of our executive team continue to stay updated on national, and local trends through our inclusion and training in the following organizations:

National Association of Realtors
National Association of Real Estate Brokers
Real Estate Management Brokers Institute
Property Owners Association
Institute of Real Estate Management
Garden State Multiple Listings System
New Jersey Multiple Listings System

Powerhouse Realty has been recognized by the following:

Who's Who in Black America
Who's Who in Real Estate
Outstanding Young Men in America (US Jaycees)
100 Most Influential in NJ (City News)
Top 20 African American Business People (NJ Business News)
National Association of Real Estate Brokers-Top Producer Award
National Association of Real Estate Brokers-Presidents Citation
NRCC National Leadership Award-Business Advisory Council
Syracuse University Chancellors Citation-Real Estate
Trail Blazer Award-Jersey City, NJ, NJ Assembly & U.S. Congress

Whether you're moving out, moving in or just moving on, let us help you find the perfect property for you!

Executive Members

Broker/President of Record - Richard J. Spears

The Team at Powerhouse Realty

You can learn a little about our experienced team right here. We look forward to meeting you in person, so make an appointment or stop by anytime!

Richard Spears,

Broker

Bio: As a 33 year veteran of the Real Estate industry I still enjoy the intricacies of every deal. My excitement for the business derives from the diversity of each day. My scope of services and experience can educate the first time homebuyer, or satisfy the bottom line of a seasoned investor.

Education:

Syracuse University- BS Marketing/Communications

New York University- Diploma Program of Real Estate Investment Analysis

Continuing Education:

Real Estate Management Brokers Institute CRM
Institute of Real Estate Management ARM
Real Estate Mgmt Brokers Inst. CREM candidate

Employment:

President/Owner- Powerhouse Realty LLC 1990-Present
President/Owner- Onyx Ventures LLC 2000-Present (Event Planning & Development)

Contact Information:

Cell: 908-391-1136

E-mail: Rspears10@aol.com

Office: 973-763-5033

Fax: 973-763-5099

Thomas Motachwa - Construction & Sales

Thomas Motachwa is a 25 year veteran of the real estate inidusrty. Thomas is a licensed real estate agent who specializes in rehabs and multi families. He serves as president of Property IQ, a full service construction and maintanence firm.

Sheri Spears - Residential Leasing & Management

Having been licensed for 20 years Mrs. Spears brings a vast array of experience leasing and or managing larger multi family properties throughout New Jersey. Her past properties include large multi units in East Orange NJ aswell as 370 units in Florham Park NJ. Currently in conjunction with Iron State Properties in Hoboken she oversees 1,255 units of leasing and is and integral part of their management team. Mrs. Spears the ARM designation.

Renda Mclurkin - Office Management & Sales

Renda has been a licenced real estate professional in the state of NJ for seven years. Renda has a background as a former operations manager for 30 years. Her specialty is working with first-time Home buyers.

Armand Spears - Property Management/Data Administrator

Armand attended Columbia College of Chicago. Head of tech support, and handles all advertising duties as well as property management support services.

Buying Investment Property Tips:

Determining Cash on Cash Return

-What does this mean?

Determining the return on investment against your deposit.

Ex: If you put down a $100,000 deposit and after income and expenses you're left with $9,000, your cash on cash return is 9%.

Questions?

Powerhouse Realty

1549 Springfield Ave.,

Maplewood, NJ 07040

Phone: 908 391-1136

Fax: 973 763-5099

E-mail: Rspears10@aol.com

Or use our contact form.

Tip of the Week:

ESTATE HOME TIPS

Selling an estate property by default can be a difficult process. The emotional loss can be overwhelming. This is why it is imperative that you surround yourself with a team that will patiently guide you through the disposition of the property.

1) Make sure your paperwork is in order. Who is named as executor or adminstrator for the estate? Has the paperwork been filed with the county?

2) Hire an attorney that understands family law as well as real estate law if possible.

3) Does your realtor have experience in estate sales? Often the estate may not have the proceeds to address issues, such as clean outs, repairs or possibly relocation. Does your realtor have the resources to assist? As a whole, empathy and patience should be your guiding light until the closing!

Show Off Your Home!

Quick fixes before selling always pay off, but don’t over improve. Instead, do repairs that will pay off and get you what the home is truly worth. Best advice is to paint all the walls a neutral color, lighter colors open up the space. De- Clutter prior to listing your home… fix leaky faucets and keep the home clean at all times. For higher end homes consider staging (with a professional) to show the houses best light. Finally, depersonalize the home as much as possible. Although it’s emotionally difficult, eliminate family pics and certain art pieces that reflect you. A buyer wants to imagine themselves in the property so a blank canvas is best.