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All Forum Posts by: George C.

George C. has started 1 posts and replied 181 times.

Post: Home Inspection - New Construction Singe Family Home

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

Yes get your own inspection on new homes. I wouldn't bother with the city inspection reports, most times the inspectors barely pop their heads in the door anyway so your not going to find anything of value there, I'd bet.

Post: Do luxury vehicles send a negative message to renters/sellers

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

I tend to think that a lot tenants would tend to be envious / jealous of an owner showing up in a flashy newer vehicle, we don't need anything to start any ill will from festering.

I don't have that problem as most tenants drive nicer newer cars than I do. I'm a cheapskate and try to get every nickle out of a car that I can, that's something most tenants wont do, thus keeping them tenants.

Post: State Board issued me a civil summons

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

Matt,

I worked for an electrical company years ago, I know of one time where the company didn't pull a permit on an "undercover reno" for an apt in a building in one of NJ's big cities. The brother of the evicted tenant called the city about the work going on in there. I know my boss was called down town to meet with the Building Dept. He had to put on a dress shirt, so I guess he was worried :) Anyway, he said that they gave him a very stern warning. It helped that the building was owned by two city detectives...Those detectives ended up screwing him & a lot of others out of a lot of money as I found out years later.

I would hope they are just looking to rattle you, maybe "tax" you a few hundred and not the up to $15K threat.

Most times when dealing with a new inspector or city official, I've found you humble yourself, grovel, stroke their ego and they treat you well, even become friendly & helpful. If you try to put yourself at their level or higher, they'll be hell on wheels.

Hope everything works out for you.

Post: ADA Issues

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

Public accommodations, stores, hotels and the like are the ones who are the target. I seen news shows where they found people making a business out of suing businesses over bathroom mirrors being an inch too high.

I believe the laws allow tenants to make modifications at their own cost & put back as, Bill Gulley said. This puts the onus on them, they can only sue if a Landlord refuses to let them make the changes.

Post: Sea Level Rise & New Climate Assessment

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

No, the "science" on climate change won't sway my investing or anything else...

Post: Should I continue to use a "Buyer's" Realtor?

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

I would never sign a buyers exclusive agreement. I like to deal with the listing agent, they stand to make double the commission and will work harder to get the deal done. Dealing with the listing agent also cuts one more person out of the game of telephone between you and the seller. You stand a better chance of learning the seller's reasons & options by dealing directly with the person dealing with them, a little inside info is nice.

Post: Headache Turning on/off utilities During Inspection Period

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

You could bring a small generator & air compressor to check electric, plumbing & gas, except for waste lines. You could always ask a neighbor for the use of their hose to check waste flow, too.

Post: Am I allowed to Demo a house without a contractor?

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

Most cases you can do it yourself. If you have an attached neighbor or a close neighbor, you might want to leave it to professionals with insurance in case there is a risk of damage to the neighbors home.

Post: Has anyone done business with these companies?

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81
Originally posted by @Account Closed:
can't stand that econohomes doesnt give you a better option to view the property pictures. Only that 2"x2" sqaure drives me nuts. Sure wish someone would give a larger image option.

Steve, whatever Econohomes has for sale on their website can be found Zillow, in Zillow's full page pics. That's how I look at them.

Post: Regret on First Property?

George C.Posted
  • Involved In Real Estate
  • My City, NJ
  • Posts 181
  • Votes 81

Congrats on your purchase! The first one is always a little scary.

If you are able to cover the costs with the current rents you are already ahead. Nothing better than other people paying a mortgage off for you.