All Forum Posts by: Gil Lieblich

I always keep an eye out in the areas you mentioned... Again depending what you are interested in different areas have different possibilities... New Brunswick prices have been very high for a long time and no sign of dropping because they are knocking everything down and putting up condos and high rises. Edison has some multi families but generally speaking you are going to have to do work on them and the same goes for highland park. Taxes are very high in NP but property vales are consistent because of the community.  I think piscataway on occasion i see some good shortsale or foreclosure condos at a decent price but in general i dont think you will get the "rules" to work because taxes are so high and maintenance as well... Let me know what you come up with and perhaps we can help each other.

I would be curious as well about where to go next in New Jersey... I was looking in New Brunswick and bought one but now with all the new construction prices have gone through the roof, then i purchased one in Monroe but also i have seen prices go up about 50% off the bottom if not more... I am generally a buy and hold guy but open to flips as well... So any specific thought would be great. I have been finding that before when i put low offers in and people would at least consider them now people are in that "i am offended by your offer" phase... 

cant help with the topic but congrats on your first deal...good luck

Can we see more pictures... i would like to see what the issues are and what you think could have fixed it as perhaps new eyes on it may be able to get a creative way to dress things up to make it more appealing?

Trying to find the opportunity for a flip has been difficult as prices have come up quick and fast and now they are sitting on the market again.  I havent looked at ocean but i would assume its similar as i am having issues in Middlesex.

I figured that so i asked her and she admitted that it was her two dogs and her response was initially apologetic saying i never new there was an issue with the neighbors. So i am not worried about proving it as much as what is reasonable. I had to do it myself because the new tenants were moving in and the maintenance guy had put a complaint in to the association so i just needed to get it done.  I tried telling her about the big furniture and her excuse was well i see people leave stuff there. So i guess i will charge whatever i get charged on that. I spent a few hours on the cleaning outside so i guess $60 is a fair assessment. I have had much worse than this what really bothered me is that it pissed off the community and the maintenance guys. In such a small community its important to keep things friendly but i apologized already to every one and the new tenants are dogless so hopefully it will be a nice change.'Thanks

So admittedly my lease was not specific enough as i made a rookie mistake and thought that this tenant who just got her PHD and was a scientist would have some common sense...Yes i know there is no excuse for a lease which is not specific enough. But now i am dealing with it. My tenant moved out a couple of days ago. And when i did the walk through initially i was happily surprised as she cleaned the hell out of the townhome. Til later i raninto the guy who does general maintenance on the development and told me there has been lots of complaints about the tenant as she lets her dogs go in the yard and doesnt clean up. This was never brought to my attention and so I went to the back where i slowly discovered dried poop every where... I had to pull lots of weeds out as teh maintenance people stopped clearing the area because of the poop. Its a small development of 20 something townhomes. I spent hours pulling weeds to find the dried poop not only behind my property but behind the neighbors as well.  What is an appropriate charge from the security deposit?  Part of me which is pissed wants to charge a lot because spending hours in 95 degree weather is not my idea of a good time but i know i need to be fair. Also she left couch and a couple other large items in the garbage area after i told her they need to have a special pick up... Finally maybe i am being picky but among other items what bothered me is the kitchen sink handle came off. SO i texted her and asked when di hat break. She told me she had issues for months then a few weeks ago the screw broke and she through it out. Of course it didnt break it was that small screw that hold the handle in place that is less than a quarter inch big. I tried buying a replacement screw but they dont fit so now i may have to change the faucet...(unless i can find just a replacement handle but didnt see one at lowes) The faucet and kitchen was just done a year and a few months ago. Can i charge for the replacement faucet?

Sorry i know its long but i like to give as much details as i can to get a fair answer.

this is what i found...not sure if it answers the question... so like i said i say yes i would be open to it but then find a legit excuse as to why you went with some one else... its hard these days as people try to trap and sue you for so many things...

hopefully some one who knows better will chime in...

Q: Are landlords required to lease to people who have Housing Authority vouchers?

A: No. As a landlord, you have the freedom to rent to whoever you like, so long as you are not discriminating against potential tenants based on color, race, religion, sex, familial status or national origin. The Housing Authority does not require landlords to house families involved in the program, nor does it screen families. Rather, the Housing Authority only determines program eligibility and leaves the responsibility of screening families up to the landlord. So long as you require all potential tenants to complete an application and screening process, you are fully within your rights as a landlord.

Really amazing job... love the transformation. Looking forward to seeing all the numbers and break down so i can have a better understanding of what to expect if i ever get to tackle a situation like this.

Thats a great question... I was wondering that in the past and to be honest because i am slightly scared by frivilous lawsuits I have always said yes i am open to section 8. That being said I know that there a lot of things you need to do to be compliant but having a guaranteed rent can be nice. In reality though it has never come up yet that a section 8 potential renter wanted a property and was my only potential renter so i didnt go through the process. But as i said i was scared to say no in case they would sue or threaten to sue because who knows if you are violating some rule...