All Forum Posts by: Paul Muwonge

Thanks Alan and Jonathan. The take away from this is that next time I need to clearly  or call out the fines related to garbage etc in the lease agreement that it’s the tenant’s responsibility. In the initial agreement I didn’t spell them out specifically.

I appreciate the responses.

Hi All,

I have an issue I want to seek your advice on regarding the fines that are levied on landlords due to negligent tenants not following the city rules on recycling and garbage. Has anyone received fines from the city of Newark in New Jersey due to tenants not following the proper recycle rules from the city? if so how did you deal with them? is it the landlord that bears the cost or the tenant?

Also how does one get the tenants to understand the city rules and ensure they abide with them regarding the proper disposal of garbage and recycling?

Any advise provided will be appreciated.

Thanks

All,

Thanks for your responses, really valuable information. I'm going to do more due diligence and research to verify the numbers and also take a walk around the community to get a good feel before I make any decisions.

I really appreciate all your comments.

Will keep you posted with updates in the next couple of days or week.

Regards

All Real Estate Investors,

I have been on this forum and educating myself way on how to invest in real estate and I appreciate all your contributions. I'm now ready to invest in a multi-family home. I found one with 3 apartments in the upper Vailsburg area of Newark in New Jersey. Below are my questions:

Property is going for $390,000 - is this a reasonable price for a multi-family which has 2 -3 bed apartments and 1-2 bed apartment?

Seller is telling me I can get $1500 rent per month from the 3 bed apartments and $1200 from the 2 bed - is this accurate for this area?

How safe and easy is it to rent such a unit in this part of Newark?

I appreciate any comments and suggestions from any of you that are very familiar with this area.

Thanks in advance.