One small tip: keep your communication channels clear and open with your property manager.

Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

I am very excited and nervous to start my investing journey and wanted to come onto the forums to ask for any tips or guidance before I jump in. 

The sheer complexity of this matter alone is enough to illustrate the problem, but this is just the tip of the iceberg.

Any advice, tips, or examples of how you’ve handled this would be greatly appreciated!

Do you want this thing to be the tipping point for them to leave and you have turnover costs and a vacant unit? 

Thanks for the tips!

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

I would be happy to connect with other investors in the area to share tips and tricks.

And if you're not already using the same paint color on all properties, you should start and you can thank me for this tip later.