All Forum Posts by: Account Closed

Rules and regulations also differ from town to town. I'd focus on an area you are interested in, then learn all there is to know from that town's rules and regulations. For example, some towns require an occupancy certificate, others don't. Some towns need you to register as the landlord. Some homeowner's associations require permission for a dumper. You just never know until you do your research.

Any market is penetrable if the numbers are right. Although holding costs in NJ is generally higher due to the unbelievably high property taxes in many counties. So make sure you have calculated that into your cash flow projection.

As far as rent control goes, from my experience in Hudson County, it could be a deterrent, but not if you take those items into consideration. Also consider that once a tenant moves out, you can rehab the apartment and ask for higher rent (actually that how it was in the late 1980's, so don't quote me on that!!)

Hi John, how are you? I actually live in Holiday City and am very familiar with the area activity. I have flipped homes in the past, and have a crew ready to work. I am currently working on a flip in Pine Beach, but would be happy to talk to you about your intentions in Toms River. I can provide complete design build services using 3D software as well as oversee the entire project from start to finish. Most of the models are already in my system (Lakeview, Shoreview, Castle Harbor, etc...). Give me a call and we can talk. Either way, I wish you good luck in your endeavor. 

@Matthew Rembish Awesome. I'm proud of you. 

Show off, lol.

@Alexander Flores congrat!!!!

@Matthew Rembish OK I found it.

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So this is why I got out of being a landlord. Tenants who think you owe it to them to let them live there. It's like they are doing you a favor or something.

Best thing to do is file the notice. No exceptions. Tenants give you a sob story and want you to feel bad and want you to give them a chance....and it's the same over and over. Then I realized, it's not up to me to give them a chance. The reality is when you go to landlord court, if they show up, the judge WILL give them a chance. If not, it's bye-bye. And you can be guilt free because you followed the rules.

Of course, try to collect back rent that's been awarded to you. That's another story.

I know in Ocean County NJ, landlord eviction forms are available, I can't remember if I downloaded or went to the courthouse direct, but you can do it yourself if pockets are tight and you can't afford an attorney to do it.

The forms are relatively easy to fill out. Follow the instructions to serve the papers.

@Matthew Rembish I don't mind Manahawkin but I can't find any information on it and where they meet. Of course we could always start one here.

I feel like we are in college again.

Are you from that area? Because if you are not and are not familiar with the good/bad areas of those towns, you stand quite the chance of taking a hit. You want to be familiar with the areas you invest in, so you can tell a good deal when you see it.

Also, keep in mind you will be at those investment properties quite a bit. So if YOU aren't comfortable there on a regular basis, DON'T do it.