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All Forum Posts by: Chai Sag

Chai Sag has started 11 posts and replied 100 times.

HI

I have a group of students that they plan to move in August but they want to secure the house, and start paying from May 1st

Is there any potential problem doing this in New Jersey?

Post: help with high end rentals in Nj

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

I run NTN and they told me to accept with conditions

Post: help with high end rentals in Nj

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

Darren Sager

I rented it last week

I just took 1 1/2 month deposit and 1st month rent

Thank you!

Josh L This is what I thought .December would be very hard to rent it out

Thank you!

Collen F The house is in a family neighborhood ,has 4 bedrooms ,but also attract young professionals (like current tenants) yup January ,lot of snow, Thank you!

James Wise Thank you

Tamara R good idea! and Thank you!

Thank you Kevin!

Post: Northern NJ Meetup

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

I would love to go

But I cannot go because I am a jew and Shabbos is starting on Friday night

If you make these meetings ,any other days ( except Saturdays) i will definetly go

Post: How many properties do you own?

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

I would love to answer 1 (twenty million dollar condo in NYC)

HI

I rented out my first family house on last May 2013 , and now the tenants are asking me if I can extend the lease until December.Its a $ 2500 a month house ,taxes are hight, and I don't want to get stuck in the winter

The house is in a nice location in West Orange

which are the better month to rent out in North Jersey?

the worst ones?

Post: help with high end rentals in Nj

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

Hi

I am renting out a house for $3300-3500 range

when I run applicants in NTN they tell me "accept with conditions" co signer , rent to income"

One of the applicants was renting a house for 2800 and paid well during last 2 years

this applicant makes 100k a year plus receive 650 month income

I know that in Manhattan some people pay almost 50% of income in rent

I am not looking form an A applicant, because he is going to buy a house and move out in 1 year

can I ask a sown payment rental ?

10 k and 12 times 2500?

or any ideas?

thank you

Post: New Deal

Chai SagPosted
  • West Orange, NJ
  • Posts 102
  • Votes 13

Aaron

Numbers look great!

Check the association rules (some associations have many restrictions)

Try to find out if other units are rented and how much they pay

ALSO if takes you few month to rent it out , You have like 700$ a month just in expenses (with insurance,electrical etc) But if it is a desirable unit it is a great investment anyways