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All Forum Posts by: Steve R.

Steve R. has started 14 posts and replied 26 times.

Hello,

I have a tenant that has made partial payments in the last 3 months and I want to begin the eviction process. Law websites like nolo and others have said if the tenant in NJ has made partial payments then you have to give them 30-day notice before you begin the eviction process. I've spoken to a few local attorneys and they have never heard of that. Anyone know what the law is in New Jersey?

I wanted to begin the eviction process ASAP but don't want to wait a month for a court date and find out that it was done incorrectly.

thanks for any input

Post: Investing in Bergen-Lafayette (Jersey City)

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

I've been in BL as an investor for a long time. My 2 cents:

Use common sense. (If you have it) Many people don't and many are "investors".

The people that "should" know the most, usually know very little.  If they are "professionals" consider doing the opposite of what they say. That's no joke.

Pick the brains of people who bought real estate in 2010-2014. 

When no one cares is the best time to buy. When it becomes a frenzy, watch out. Much easier said than done.

Stay close to the trains

In this market you can make money in Greenville but you will have a lot of aggravation and there are much easier ways to make money. The nightmare will drive you out of the business unless you have a high tolerance for pain.

The latest party in BL started 5 yrs ago. Check out the prices then and now. 

Post: Deed missing information-Legal question

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

Greetings,

My neighbor has a narrow driveway next to my investment property that lies between our 2 houses.

In these parts it's not uncommon for some of these driveways to be an easement that would allow neighboring houses to use. (I could access my backyard thru this driveway)

My deed makes no  reference to the driveway.

Thru the city records i found a deed for my property dated 1979 that states, "together with rights in common driveway bordering property on north".

This would be the driveway in question.

 I'm assuming this was overlooked by my atty. 

I want to get this changed on my deed then speak to the neighbor if I do have the right to use the driveway.

Any thoughts the best way to proceed?

I have a call into to my attorney but looking for an objective atty's input.

Thanks!

Thanks for the responses.

I never received an email alert saying someone has responded to my post.

I agree, this guy feels entitled and may always be looking to weasel his way to save buck. It won't work after this as I have a low tolerance for people like this and made it clear the $50 was a one time "courtesy". Once I feel someone has taken advantage, I'm done being nice. The stove is under warranty so no cost to me and it took 1 week for the tech to come and 1 week to order the part and return. Update: Friday, the new part was installed  and still not fixed so I got them to give me a new stove which is scheduled for a Thursday installation.

The same day my tenant said his rent will be paid.

The late fee kicks in Friday and eviction papers are ready soon after.

Hello,

I'm looking for thoughts on this situation as I've never had a tenant make this type of request.

The broiler stopped working on his new stove. He contacted me 15 days later

to tell me about the problem. He since told me the oven wasn't working. (The 4 burners are working) A repair man came within a week and ordered the parts and is returning tomorrow. It has been 2 weeks. 

The tenant is asking for "consideration" for "messing up his life" as he cannot cook and has to spend money eating out. 

I send him an email saying if cooking was so important to him why did he wait 15 days to notify me etc. Bottom line I offered him a $50 reduction for the next month to hopefully resolve the matter. I let him move in early and did other small things to get things off on the right foot. He moved in 1 month ago.

  Any thoughts.......What is the legal side to this?

PS not that it matters but this guy makes 150k a year. The condo is in a nice doorman building but not a 5 star building. 

Post: Any good, "simple" publications for NJ landlord -tenant issues

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

Thanks Mark for the links.

Post: Any good, "simple" publications for NJ landlord -tenant issues

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

Hello,

I'm a NJ landlord looking for any publications,                                                  "do's and don't" for landlords regarding legal responsibility towards tenants.                                                Issues such as legally rejecting prospective applicants, things you should and should not do etc.

I searched for a book that might this basic info written for the landlord                but haven't been able to find anything.

I have read  the NJ state law regarding landlord-tenant issues.

Thanks for any responses.

Post: Allure or Allure Ultra Vinyl Planks?

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

I'm putting new flooring  in a rental that will have avg to above-avg income tenants.

I'm debating between the two and looking for suggestions.

I've installed the Allure "Oak" planks and it's nice but looks like a nice "vinyl floor" but price is great.

Allure Ultra is thicker so it won't conform to and uneven subfloor and  appears to be look more like real wood flooring. It looks like the simulated grain matches the design on the plank. Only problem is it's $3 a square foot which is getting high for a vinyl flooring.

Anyone installed the Ultra and have an opinion compared to the Allure plank?

thanks.

Post: NJ Multifamily-Broker says 2 family Tax records show 3 family

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

We do not have a signed contract.

Thanks for the input.

Post: NJ Multifamily-Broker says 2 family Tax records show 3 family

Steve R.Posted
  • Real Estate Investor
  • NJ
  • Posts 28
  • Votes 2

Hello,

I'm looking at a property in NJ and the broker is telling me it's a 2 family

but I check the tax records thru the city and they have it listed as a 3 family.

I'm assuming the city and tax records are correct.

I asked if there is a green card (5 year state inspection) and the broker said that is only applicable to 3 family+ properties.

If I buy the property and the state has not been inspecting the property, what is my responsibility?

I need to do the right thing but I also know it can be opening a can of worms.

Any thoughts?