All Forum Posts by: Michael C.

I have a new luxury Multifamily that I need to decorate.  I have about 12-15 walls that need something on them like a 36" x 24" acrylic poster that's posted to the wall in four corners.

Anyone have any suggestions on what types of pics to use, and how to do this without breaking the bank?

I own a two buildings on the same street for a total of 25 units.    My super is a very local person who lives on the street and grew up there.  His duties include taking out garbage, cleaning,  readying apartments as they turn, and other light property maintenance requests.  He's very local and knows the neighbors, the police, the garbage folks, the local drunks, and other various local labor.

I don't trust him and have caught him skimming off the top on various costs.   The only access to my money that he has is an account at the local hardware store.

He would be very difficult to replace given that I only pay him $20 per door per month as an on-going fee in addition to 'extras' (like $100 to turn a unit).

Does anyone have any tips on how to keep him on a short leash? 

Hi - I have a Multifamily in NJ which has a super that i pay as an independent contractor. Recently I rented a unit using s local broker and paid a 1 month commission. The broker adds little value other than showing up to open the door. Going forward I would like to list the apartments myself and have the super open the door and show the apartments. What kind of trouble could this cause? The super is not technically an employee and he doesn't have a brokers license. What if someone accuses him of discrimination or some kind of misconduct?

I believe a MTM lease is cancellable by either side with 30 days notice for any reason.

Im about to purchase a property in NJ.  I have several investors (about 10).  All investors are passive and mostly non-residents of NJ.  Is there a way to structure my entity to avoid paying a filing fee of $150 per partner every year to the State of New Jersey??

Currently, the owning entity is a Delaware LLC. However, since it has NJ sourced income, it will be required to pay the filing fees of $150 per partner.

What's the best way to bring wifi to my building so set up security cameras and fire alarm to the network? At the same time, I'd like to offer 'free' wifi as an amenity to my tenants. Currently, the fire alarm runs on two hard phone lines. However, it's wifi capable. I would also consider getting some smart key door locks for common areas and possible get a card operating laundry machine instead of my current quarter collecting system. I have a 5 unit apartment building. Need advice on hardware, software, or a vender who specializes in this. Thanks,

When buying an apartment building in New Jersey with 5+ units and the purchase price exceeds $1MM, does the buyer pay a 1% sales tax?

Im buying a 5 unit new construction property in Hudson County, NJ. Im looking for a home inspector with commercial property experience.

Does anyone have any recommendations?

Does anyone have experience using Dropbox as an investor portal to document storage?

I am a real estate syndicator (or at least starting out as one). Right now I email reports out to my investors every few weeks. I'd like them to be able to log into my website with a password to see their reports (rent roll, p&l, balance sheet, etc). Not all of my investors are in all of my deals, so the portal needs to know what information to make available. Right now I set up a very basic website with GoDaddy.com with information about my business. I can link the GoDaddy website to the investor portal.

Does anyone have any recommendations for investor portal software?? Preferably cheap and/or fee!