All Forum Posts by: Tanuja Nihir Shah

Hi,

I am new to this business. I would like your advice on dos and don’ts and what to look for in tenants and rules to go about it.

I am in a process of buying my first rental property in NJ. I am creating an LLC. Should I buy it with cash and then change it under LLC and go to bank once I have rented a unit or go now after creating an Llc and just put down payments from my pocket.

Also is property manager a good idea to start with? I am going to continue with right properties to buy going forward.

Your feedback is greatly appreciated.


 

Hello everyone,

I own several retail businesses and now would like to get into real estate business . I am a regular listener of BP podcasts on Stitcher. But when I listen to all established guests on BP podcast it seems like they do not like the headache of owning and renting properties. But I can only start buy owning and renting couple of units this year. Should hold it back? Is owning and renting is not a good strategy to start with? Also NJ law favors tenants more than landlords. I am some what skeptical but I need to start somewhere. Please advise.

Thank you,

Tanuja Shah