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All Forum Posts by: Neil Nagaria

Neil Nagaria has started 3 posts and replied 8 times.

Post: Does anyone have any experience with efficiency units?

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

I'm looking at investing in 12 efficiency units. They range in size from 400-700 sq ft. ROI is 6% at current asking price. Not sure how much more rent I can get over the next 5,10,15 years. I have 8 single family homes and do well. I'm not sure if efficiency units would be parallel to the homes in terms of ROI. Appreciate any other input / information anyone else may have.

Post: Tenant not paying rent during COVID in NJ

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

@Jim VanhornSounds reasonable. I guess I’ll utilize attorneys

Post: Tenant not paying rent during COVID in NJ

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

@Patricia Steinerthank you for the motivation!

Post: Tenant not paying rent during COVID in NJ

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

@Sudhanshu Singha is it really an eviction if the lease is up?

Post: Tenant not paying rent during COVID in NJ

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

I’m trying to avoid it if possible.  Any ideas of approximately how much lawyer fees would run?

Post: Tenant not paying rent during COVID in NJ

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

Hello all

I have multiple single family properties in NJ. During these difficult times I have not pressed anyone for there rents, fortunately I’ve been paid on time by all of them except one. I believe her and her husband are getting unemployment and have received stimulus checks for the family however she’s denying it. She seems to want to work the system and have other agencies pay her rent. This has has been going on since April. She got any agency to pay $1000 of her $1800 rent.  And hasn’t paid anything for may or June. Ive reached out to her multiple times to try and work things out with her. Even sent her a certified letter with all attempted dates of communication. Her lease is scheduled to expire on July 31st. My contract states for a 30 day notice, but I’m planning to send a certified letter 45 days prior. NJ state laws are tough, and although you can’t just do a non-renewal, you can if they haven’t paid any rent. I’m not sure if the recent COVID rules apply to this,as this is technically not an eviction, which isn’t allowed at the current time based in my understanding.  I have a deposit of $2700, which she has already burned through. On vacating the premises, is it possible to take her to court for repairs/ damage?  I’d appreciate any suggestions or comments anyone else may have.
   

Post: Fix & Flip Completed, keep it rolling!

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1

Seems like this home is in a retirement community..can you let me know how you purchased it? I know they have rules where you have to be over 55 to purchase, may have to live a certain amount of years, etc

Post: Installing New Cabinets

Neil Nagaria
Pro Member
Posted
  • Posts 8
  • Votes 1
Any suggestions on where I can purchase fair to good quality cabinets for my rental?