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Updated over 6 years ago, 04/04/2018

User Stats

130
Posts
35
Votes
Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • Morris County, NJ
35
Votes |
130
Posts

First time LANDLORD in NJ needs a little guidance

Christopher Veljkovic
Pro Member
  • Rental Property Investor
  • Morris County, NJ
Posted
I am purchasing a duplex as a first time landlord in northern NJ. I will be house hacking however the other unit will be vacant upon purchase. I would like to be prepared from the first day of purchase so here are my questions and concerns if anyone can weigh in! 1. What do you use as a platform to showcase your unit? ie Craigslist, hot pads? 2. What does your lease in include? Beside the basics! I purchased the lease package off of BP specific for NJ. However, there are specifics I would like to include in the lease that I have learned throughout the podcast of other landlords such putting specific paint code on the lease so tenant would paint prior to leaving. There are other examples but just would like your thoughts. 3. Screening the tenant process. Do you use the BP endorsement or do you have another recommendation? I know I’m missing something. Any input would be great! Thank you!! BP COMMUNITY!!!

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