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Updated about 8 years ago,
Newark NJ Rentals & Property Management Advice (Good Area)
Hi,
I am looking to purchase my first primary residence and am strongly considering a condo in a good area of Newark, NJ (University Heights) as I work in NYC and want a property that could be rented out after a few years of living. While this wouldn't be my top choice of rental properties as an investment, it is the best mix of ratios combined with proximity to Manhattan for a personal residence.
While most of the conversations here are regarding distressed areas of Newark for good rent-to-purchase ratios, I'm looking at more of the middle-class and safer areas and want to see if anyone else has experience in good areas like University Heights or Ironbound. Pros, cons?
Finally, I'm having trouble connecting with property managers in the area. Does anyone have a recommendation for someone in the area?
Thanks,
Mike