All Forum Posts by: Lloyd Spencer

I'm tired of working with someone who pretends to know the law in this area.  Who is the best eviction attorney in Hudson County?  Happy to may more for someone who knows what they are doing.

were you able to find a property management group?  What have they been like?

There is an area of Scranton bounded by the University, the Medical Center and the Park. I've looked at doing BRRRRs there but don't have a team on the ground.

i was referred to Roberta Tarkan in JC. does anyone have experience working with her or have other recommendations?

Thanks for the suggestion,  that was what I was thinking.

To answer you other question, I hadn't needed a mgmt co for my nyc properties. I will probably end up hiring someone after I get a little more scale. This is first investment in NJ.

I've looked at several loopnet properties in my markets. I find them generally overpriced. often the financial forecasts are pure fiction, for example rent increases in a rent control building. also they leave listings up long after the property is in contract or even sold. so I only look at recent listings. so far everything has had some kind of dealbreaker issue once i start asking the hard questions. for me loopnet is like going to the beach with a metal detector...

tenant 2 complained that tenant 1 was smoking so much dope that her kids are getting high in the upstairs unit. smoking and illegal activities are lease violations so i sent a notice to cease on Sept 1 via certified mail and tenant 1 contacted me about it at the time. fast forward to today, another complaint from upstairs. they say they are considering calling the police, I say go ahead. preliminary conversations with attorneys indicate that eviction for things other than non payment are expensive/difficult in NJ. approx 9 months to go on both leases. what are my responsibilities in this scenario? I can't easily get evidence of the activity. should I just wait it out? so far both pay on time.

Looking for a broker to help me find BRRRs in West New York and Union City.  *Must* be an investor themselves.  Have learned several lessons the hard way on my first investment in the area with an inexperienced broker.  Thanks!

Each town has different rules, West New York vs Union City, etc.  Each has different rules on rent escalation, number of units, ways to deregulate.  I've looked at some properties where the seller is airbnbing vacant units instead of renting them at the legal rent, interesting business model...

Hi, I am in contract on a two family in Hudson county NJ.  Although newly renovated by the seller (who is flipping it) the inspection revealed water damage and moisture on both floors and the basement.  The new flooring and walls are already damaged.

Seller says they are going to hire a waterproofing company, fix the problems and repair the damage before closing.

My question is: can I request some sort of certification or guarantee for the waterproofing work either from the seller or the waterproofing company?  I don't want to have a problem during the first rainstorm after closing.

PS: Learning opportunity: Always schedule an inspection after heavy rain!