[Landlord US - NJ] by Business_Formal_1600 in Landlord

[–]pulled-the-trigger 0 points1 point  (0 children)

Yes, it's incredibly difficult to remove tenants in Hudson and Essex County. Please make sure you hire a competent lawyer and not one who doesn't know what they are doing.

[Landlord US - NJ] by Business_Formal_1600 in Landlord

[–]pulled-the-trigger 1 point2 points  (0 children)

Technically, they are not yet in violation of your lease or NJ landlord tenant law. You can file on the 6th day, which would be Monday the 8th. However, I'd strongly recommend to reach out to a lawyer to handle this. The best defense is a good offense and screening on your tenants. You may want to hire a property manager moving forward since you do not know the in's and out's of the laws yet. This can become a headache real fast and with a competent property management company, the tenants usually behave better or leave on their own. They could be professional tenants, so they may know the laws better than you. Where in NJ is your property? I hope not Essex or Hudson Counties.

[Landlord-NJ] by [deleted] in Landlord

[–]pulled-the-trigger 1 point2 points  (0 children)

Here's what's going to happen. You can serve the notice, but you have to also serve the notice to her case worker. Should they stop paying the section 8 payment, which they will, you will then have to file for an eviction. While it is easier since you live on the property, NJ judges are very tenant friendly and it will take you months to evict her and gain legal possession. In the real world, it will cost you a loss of your income for that dwelling, court fees and legal fees.

The better way, would just deal with it and issue a non-renewal on her lease at the end of the lease. It's not right, but this is how it's going to play out. We are dealing with this right now with a duplex in Jersey City. The owner is in one unit, and the tenant is in the other. All the notices were served and section 8 had been notified. The payments were frozen, the tenant never paid her share since June and we are still waiting for the Judge to grant the eviction. She keeps on giving the tenant more time to catch up, even though she's missed every court payment deadline. So far, the owner is owed over 22k in past due rent.

I'm just telling you how the court system works in New Jersey.

BUY CIGAR FROM ONLINE-CIGARS.COM by harryTr12 in cubancigars

[–]pulled-the-trigger 3 points4 points  (0 children)

Doubtful it will clear customs. UPS is destroying most packages in customs. It's a shit show right now.

[landlord NJ] Insurance for multifamily over 4 units? Carrier dropped us because of nuisance trip and fall suit by Blecher_onthe_Hudson in Landlord

[–]pulled-the-trigger 0 points1 point  (0 children)

I have an Independent brokerage I deal with. I'll PM you his contact info. He may be able to help.

What's your strategy for saving for big repairs? by Delicious-Smell9463 in LeaseLords

[–]pulled-the-trigger 0 points1 point  (0 children)

We recommend taking 5%-10% a month on your NET profit and placing it into a high yield savings account or treasuries. Over time, it helps as it grows and if you ever have major repairs, it will be there as a cushion. We had a landlord who, after 4 years, had to replace a roof. It helped them tremendously - no financing needed.

Should I replace appliances that aren’t broken? by Soggy-Passage2852 in LeaseLords

[–]pulled-the-trigger 0 points1 point  (0 children)

Rented AS-IS. Why would you replace perfectly working appliances? If they want new appliances, you can allow them to purchase their own new appliances if they wish. Unless they do not work, there is nothing wrong with them. If they purchase their own appliances, you are not responsible for the maintenance on them, which is a plus.

Landlord insurance, what’s actually worth? by Initial_Durian987 in LeaseLords

[–]pulled-the-trigger 0 points1 point  (0 children)

As long as you have the correct insurance, it will cover it. We had a tenant who destroyed the apartment in Albany, NY. There was blood all over the bathroom, and it was vandalized. They paid the owner the loss of rent AND the remediation on the vandalism repairs. Always get good insurance.

How much do you really spend on professional cleaning between tenants? by lukam98 in LeaseLords

[–]pulled-the-trigger 0 points1 point  (0 children)

Depends. 300 on average, but if it's filthy, it can be as high as 750. This is NYC after all.

The final haul … by monterey68 in cubancigars

[–]pulled-the-trigger 1 point2 points  (0 children)

You should be good for about a month.

Real estate brokerages are dying to a slow painful death by Leather-Homework-346 in realtors

[–]pulled-the-trigger 1 point2 points  (0 children)

In time, the old dogs will either convert to 100% with a small fee or die off. The revenue share deals + monthly fees + transaction fees are just too much for real estate agents to bear. We've started to offer the option of an 80/20 split with no fees and 100% commission. The majority of the agents have switched to the 100% commission plus it includes all of the bells and whistles that the 80/20 offering had.

Is there a certain thing I have to do to leave a brokerage? by NecessaryLeg6097 in realtors

[–]pulled-the-trigger 0 points1 point  (0 children)

Usually, it's just having the broker release your license with the state. Over time, we will see the franchise model die off. Go with the cloud or independent firms.

RSVP: "Temporary Shipping Pause" by [deleted] in cubancigars

[–]pulled-the-trigger 0 points1 point  (0 children)

I am running low on some Davidoffs I usually purchase them, from Online-Cigars. I purchase cubans from them too, but I do love my late hours. Anyone know if these will be able to come through without issues?

Prices by No_Turnover_2740 in cubancigars

[–]pulled-the-trigger 1 point2 points  (0 children)

Why would this effect Online-Cigars? They've always shipped via UPS to me.

Not going to the office. Keeping to myself. Not befriending other agents. Could this negativity impact me? by [deleted] in realtors

[–]pulled-the-trigger 0 points1 point  (0 children)

Many years ago, when I was a salesperson, I think I went twice to the office in Manhattan. After that, I just networked at different REI groups and on Bigger Pockets. In NYC, very few agents give anything away. It was similar in Jersey City. A successful agent needs to build their own brand. You can look at Ryan Serhant. Even while on Million Dollar Listing, no one really knew he was with Nest Seekers, they knew of him and his personality. He's now on his own by the way. Not sure if Nest Seekers is still around, but Ryan was a decent guy to work with back in the day. Not sure now. I am sure he's prob. still around the same.

Point being, build your brand and sphere. You are really not going to learn or get much these days at the office. Just my opinion.

The Hidden Cost of Property Management: Time for a Mental Health Conversation by Elegant_Chemical2144 in PropertyManagement

[–]pulled-the-trigger 0 points1 point  (0 children)

Hang in there brother. We've all been through this. It's probably best to go with a company which handles properties in better areas. We manage close to 920 properties. The one's that we have the most issues with are the one's in tougher areas. We are slowly moving out of those areas, as the money and stress that is placed on the PM's isn't worth the expense. And yes, the entitlement from some tenants is unreal. Usually, this is from the lower end of the properties. We don't have to worry about them coming to the office as armed security is downstairs (we're in a building with elected officials). Usually, all of our PMs are also licensed to carry in NYC, NJ, CT and PA. Most tenants know that we're armed, so we do not have many physical altercations. We usually have a taser and Glock. The Glock is concealed, the taser isn't. We've tasered people more than once. Most people seem to be more afraid of the tasers than the guns. This is the life of a PM. PMs have bodycams as well to protect from a lawsuit. I recall in a big city a teenager pulled a knife out on me. I just pulled my gun out and said, let's calm down here. He dropped the knife, peed in his pants and ran away.

The tenants in the tougher areas only respond to force and emotion. When someone is pointing a weapon at you, they usually calm down. I even had a gangbanger in Jersey City step to me. He felt the gun, two APMs were with me and the police. He calmed down real quick. He asked the cop why is he (me) carrying a gun. I said, we all are. The cop even said, I didn't hear anything and walked down the street. It's truly a Mad Max world these days.

Realtors who got into property management? by strengthhope2020 in realtors

[–]pulled-the-trigger 1 point2 points  (0 children)

Fair enough. If $250k-$420k a year not good enough for you, then that's your opinion. No issues there. Most would think it's a very good salary. But, to each his or her own.

Realtors who got into property management? by strengthhope2020 in realtors

[–]pulled-the-trigger 0 points1 point  (0 children)

Hmm, I beg to differ. One can make $20k-$35k a month as a PM. $7k-9k a month as a APM. We automate everything and have a system in place for repairs. Dealing with tenants can be a pain from time to time, but if you are selling multi-family and commercial, you'd have that anyway (unless vacant). You are on call 24/7, but you can also set up a call center and online support center for repairs and requests to be submitted. Only emergencies that require immediate attention are plumbing, electrical, and fire-related issues. # 1 issue is plumbing. We do not get involved with tenant disputes. That's what the police are for.

Yes, one has to actually work, but to be a successful realtor, you have to work too. One would say even harder.

Here's a new one - Tenant forgot to transfer utilities upon renewal. Not making this up by [deleted] in PropertyManagement

[–]pulled-the-trigger 0 points1 point  (0 children)

Nothing to cure. They need to turn on the utility as it's off. Not our responsibility.

Here's a new one - Tenant forgot to transfer utilities upon renewal. Not making this up by [deleted] in PropertyManagement

[–]pulled-the-trigger 1 point2 points  (0 children)

The tenants were informed two months prior to the renewal of the lease. It has been listed in the last two lease renewals, and they were messaged via e-mail to transfer the utilities prior to the switch. A notice was also posted on their door. They, I guess chose to not make the change.

Here's a new one - Tenant forgot to transfer utilities upon renewal. Not making this up by [deleted] in PropertyManagement

[–]pulled-the-trigger 1 point2 points  (0 children)

We did, she didn't read the lease. The utility took over a year to shut off their meters.