All Forum Posts by: Michael Krassos

Why does that matter Patrick M?

I currently have a tenant that is on a month to month arrangement. He was on an annual lease but asked to go month to month, and I accepted at a higher rate. Can I ask him to leave at anytime? I believe the lease indicates 30 day notice is required. Any other considerations in the state of NJ? Thanks for the advice in advance.

I currently have a tenant that is on a month to month arrangement. He was on an annual lease but asked to go month to month, and I accepted at a higher rate. Can I ask him to leave at anytime? I believe the lease indicates 30 day notice is required. Any other considerations in the state of NJ? Thanks for the advice in advance.

Hi, his name is Dimitri, not currently working for me so feel free to use him.  Not the cheapest contractor but does quality work, takes pride in his work, and is reliable.  Call him at Two zero one, two eight nine 7131 and mention me.

Hi, I purchased a house and spent 40k on renovations.  My contractor is a little pricey compared to others but is reliable and does excellent work.  Let me know if you want his contact info.

Hi all, can anyone recommend a good accountant who keeps abreast of real estate tax law, communicates well, and is attentive to his/her clients.  I'm in New Jersey and figure having the accountant close will make life easier.  Open to suggestions otherwise.

The basement would make it a 3 family. I'm considering approaching the town to have it converted to a 3. Issue is they require the lot size to be a certain size, and I provide parking for 7 cars. Anyone have experience with convincing the town to overlook the lot size, I can provide more parking area.

By the way, the property is in Lodi, NJ in case anybody has specific experience with this town.

Hi all, finally bought my first multi-family in Northern NJ. It is a legal 2-family and I now have both units rented. The rents cover my PITI, but I want more! The property is a colonial with a finished basement. I just invested 5k to do some renovation down there, I posted on Craigslist and have allot of interested for $1,000. Here's the issue, because I am not an owner occupant the town requires an annual fire inspection. I am fearful the inspector will require to get into the basement apartment and realize it is rented. Also, the town requires a permit to park in the street, they address this through requiring a CO for each new tenant. What to do? If I rent the additional funds will make this a 10% return, I'm currently at 6% without the basement. Anybody have experience with how the inspector may react, what the consequences are and possible penalty? Thoughts?

What kind of work so you need done and when.  I have one working on a property for me so would hate for you to steal him away I'm the short term ????