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Updated almost 4 years ago on . Most recent reply

Christene Martin's profile image
Christene Martin's profile image
Christene Martin
  • Lender
  • from Jersey City, NJ
  • Member since Aug 18, 2020
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User Stats

39
Posts
12
Votes
Christene Martin's profile image
Christene Martin's profile image
Christene Martin
  • Lender
  • from Jersey City, NJ
  • Member since Aug 18, 2020
Connect
Christene Martin
  • Lender
  • Jersey City, NJ
12
Votes |
39
Posts
New Jersey Real Estate Q&A Discussion Forum

Rent control to Air B&B

Christene Martin
  • Lender
  • Jersey City, NJ
Posted

Hi there, I am looking at an 8-unit in north jersey, 7 of the units are occupied and the 8th needs renovations. Anyway, the apartments are rent controlled. Does anyone happen to have experience with this? Also, are there ways, if the tenants leave on their own, to convert from rent control to Air B&B or something to get the rents to up to market value, they are currently insanely low. Any insight would be much appreciated

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