Experienced Landlords in Clifton NJ

[Ryan Champin]

I am about to close on my first property in Clifton NJ.  Due to my inexperience, I didnt think to check for any rent control laws in Clifton.  It turns out, Clifton is rent controlled.  Im trying to research as much as I can but the legal jargon is so confusing lol.  The current rents are way under market:

1BR:  $1050

2BR: $1000

2BR:  $1300

3BR: $1600

Im going to be doing a lot of reno once I get the property but now im concerned I cant raise the rents to my assumed rates of:

1BR: $1450

2BR: $1700

2BR: $1700

3BR: $2150

Additionally, ill only be getting the property with 2 of the 4 units vacant.  Any advice on getting rid of the other two (newly renewed) tenants so I can renovate their units as well and raise the rents?

[Ryan Champin]

@Daniel Green Since i've posted this, thats exactly what I did.  In Clifton, properties with 7 units and above are rent controlled, so i'm good in that aspect since mine is a 4 unit.  But im concerned about the rents I need to make the deal work.  The rents i listed above seem to be available but my bathrooms are small and the closet space is minimal.