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All Forum Posts by: Michael S.

Michael S. has started 5 posts and replied 122 times.

Post: Potential issues with being an agent

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Realtyman:
By getting your license - you will be associated with other realtors in general. Most people have been mistreated in some way so there is a negative stigma automatically once you identify yourself as being a realtor. The National Association collects money from all agents so they can spend MILLIONS on advertising to try and overcome the negative stigma of the actions of many of the agents. Due to unethical actions, of agents - I got my license and worked under a Broker for 2-years and was then in business for myself for 8 more years. It was like a ton of bricks was taken off when I sent my license back in. You have to decide for yourself what action you will take - but remember that all success books state that you are rated by who you associate with!

that is why i think working with a "full time agent or team" is not always a plus. SOME of them are just worried about the numbers, pressure you, and have no patients.it's like running into one of those used car salesmen.
each office has an good "investor agent" you just have to figure out who that person is, because if you call they will all claim to be an investor agent to get your buisness.

Post: Potential issues with being an agent

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

that's what i do,i basically just work with friends and family members, and ZERO marketing...when looking for myself i just disclose "buyer" , or "seller" is licensed RE. it's great i get to view, make offers get alot of leads. i even get leads that aren't on MLS

Post: Discount rent

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Bryan Hancock:
Why December Michael? I have always found January's payment is the one people have a hard time making b/c they blew their money on Christmas presents.

1.i want the money before they spend it.
2. i want them to think it's some kind of gift.
3 when the holidays are past i'm ready to evict.

Post: Discount rent

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

only in the month of December i will give $50 DISCOUNT if they pay by the 3rd

Post: Can the tenant do this?

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Marc Freislinger:
I still have to disagree.

Did the tenant ever ask for a copy? Can they prove you never gave them a copy? .

that's the problem the tenant can't prove he didn't receive it, because he signed it. Now if landlord chooses to go that route and says he did give him a copy when he didn't, his house might get trashed

Post: Can the tenant do this?

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

no it doesn't say "give him a copy" it is "understood" , it's obvious he has talked to somebody about it, IMO he is right, just give him what he wants(with in reason) , so he doesn't damage the premises, it's just like when you buy a house, it doesn't go to attorney review until both parties have a fully executed contract in there hands... at least in nj

Post: Your thoughts on renting to a couple with young children (like a 2 year old)

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

when i read the topic, the first thing to hit me was "carpet and walls", but since you have hardwood you basically should be ok! very few kids draw on walls, and a $25 can of paint can't fix. never had a problem with cabinets, but if you have a side by side refrigerator then tend to step on inside to reach something on the higher shelf

Post: Can the tenant do this?

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

the lease is not "fully executed" until he receives his copy. that is a real estate law google it ...you could have made changes in lease, and if you did he should be able to contest them

Post: HELP!!! I need to evict my tenants & feel a ot of anxiety

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by focus:
Do I short sale? Or try to hold on for another year with a section 8 tenant (guaranteed funds)... to be decided soon...

if you try short sale, trying to sell a tenant occupied house is extremely difficult because they never let you in, or cant get notice to enter especially if you have difficult tenants like yourself....if a listing says "tenant occupied" i don't even try to see it!

i personally would try to hold. learn from your mistakes. get your deposit, get your rent(NO DEALS). tenants will lie to the death or until the sheriff comes to put them out, even then they will claim they left on their own and wanted the sheriff there so you won't attack them because your the crazy one!
here in Camden you give an inch .....

Post: HELP!!! I need to evict my tenants & feel a ot of anxiety

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

in nj, going to court for non payment, first they try a mediator , if you can't work out the situation, then you go in to see the judge. simply tell the judge every month they did not pay their rent, he will want to see their receipts FROM THEM first! very rarely will they(the judge) entertain that "house is horrible crap". they will have til the end of day to pay rent or face eviction(2 more weeks) i never needed a lawyer, and never lost!