All Forum Posts by: Sean Fisher

Hello All,

I am currently looking at a property in New Jersey. The seller has owned it for 30 years.  It is 1 commercial space and 3 apartments.  I asked him if he had a current green card. He said it’s not necessary because it’s considered commercial and commercial inspected by township.

Does anyone have experience with this?

Thankyou

Hello All,

I am currently looking at a property in New Jersey. The seller has owned it for 30 years.  It is 1 commercial space and 3 apartments.  I asked him if he had a current green card. He said it’s not necessary because it’s considered commercial and commercial inspected by township.

Does anyone have experience with this?

Thankyou

Hello Chris..I have found 1-2 page documents online for keeping the existing terms of old lease in place, but allow you to increase price and renew for another year.

Hello! Am I better off doing a quick 1 page renewal form which states everything from previous lease agreement stays in effect and allows me to increase rent or should I have each Tenant sign a full new  lease?

I Have always did a full new lease but now having more and more units this is very time change consuming.

I would love to hear everyone’s thoughts.

What kind of cash on cash returns is everyone looking for in the New Jersey market? Please specify what markets you are investing in.

yes Joseph..

I am buying a property that has existing section 8 tenants that are month to month.Once I close I would like to raise the rents.  The town does not have rent control.  Is there certain guidelines I would need to follow in order to raise these rents Since they see section 8?

If you have a section 8 Tenant in New Jersey is there a specific Lease contract you need to use?

I am managing myself

It’s that time of the year and I have a lot of leases becoming do.  I am trying to put a system in place to make this an easier process and would like to hear what system everyone uses?