Legal question regarding occupied property?

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David Weintraub · Answer

Here's an interesting fact.

Howie Hubler, guy responsible for arguably the largest trading loss in bank history, is now an enormous owner of section 8 properties across Gloucester County.  So there's probably a decent reason to invest there.

James Letchford · Answer

@Mayer M. Thanks for raising this issue. I'm hoping to purchase auction properties in Gloucester County that are listed as occupied. Would you mind giving an update with what you had to do?

And if you end up kicking in the door, please video for me.

David Weintraub · Answer

I think Gloucester County is renter heaven.  People like Lehigh Valley, and I get that, but NJ will always have traffic and business, despite the high taxes.  And depreciation won't ever be a major hindrance (neither will the opposite, but that's not why you're buying there).

James Letchford · Answer

@Mayer M. I live in California now. The U.S. Marine Corps brought my family West, but was born and raised in South Jersey. I'm from Burlington County and my wife from Gloucester County. I know the area very well.

Besides all that, I feel like South Jersey is a strong area for investment. It's not gang busters, by any means, however it's a slow, consistent growth. With Philadelphia, Delaware, and the Jersey Turnpike and 295 running right through, it leaves a lot of potential for renters.

Stephen Kappre · Answer

It’s a nice place to both call home and invest in ;)

Yonah Weiss · Answer

@Mayer M. Congrats on your recent purchase! Good point from @Thomas S. You could try going down there without a notice just to see if you can communicate with the tenant. Introduce yourself as the new landlord :) and see what happens. You could try speaking with neighbors to find out what the story is. But for sure don't go alone. If that doesn't work, then you can get the 24 hour request of entry, and if you must go to the eviction process, good luck...not as easy as it may sound.

David Weintraub · Answer

It's a good thing for him! The endless rent roll.

Thomas S. · Answer

You must provide a 24 hr notice to inspect. Check with your state landlord tenant regulations and see if you can post it on the front door.

It is illegal for a tenant to deny access when provided the proper notice. If you believe there will be a issue take a friend. With proper notice you can break down the door if you choose. The police may or may not assist, probably not.

You will then most likely need to evict unless you want to bribe them to leave.

Legal question regarding occupied property?

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