Rental Basics in Morris County : Advice

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Suzanne MacD…, Real Estate Pro in 07856
Yesterday I took a rental client out to look at high end townhouses and single family homes in a very upscale town here in Morris County, NJ.  These were expensive units, asking $3000 approximately,… Read more
Blogged Thu Jan 23, 2014 by Suzanne MacDowell Rental Basics Rentals Investment Properties
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Suzanne MacD…, Real Estate Pro in 07856
Every body has heard of the recent outbreak of bed bug infestation, but how much do you know about protecting yourself and your rental properties?  Or for that matter, about potential remediation should… Read more
Blogged Fri Oct 11, 2013 by Suzanne MacDowell Rental Basics Rentals Investment Properties
Andrew Tisel…, Real Estate Pro in 07024
Andrew Tisellano, Broker/Assoc answered:
can we always rent monthly in parsippany colonial height?
Hi

there are buildings like the AVE in Clifton that rent for a month. you can even rent it with all the utilities and furniture. Your other option for just one month you can go to a ... more
0 votes Share Flag Thu May 9, 2013 Rental Basics in Parsippany
Suzanne MacD…, Real Estate Pro in 07856
I have noticed a trend recently.  Many homeowners who are facing foreclosure are renting their homes while they wait for the bank to take over ownership of their home.  Potential tenants are understandably… Read more
Blogged Tue Feb 26, 2013 by Suzanne MacDowell Agent2Agent Rental Basics
Helene  Jean…, Real Estate Pro in Morristown, NJ
A Hispanic woman filed a complaint alleging that a Virginia Beach property management company, which manages over 500 rental units throughout  and Norfolk, refused to provide her a rental application… Read more
Blogged Sat Jan 19, 2013 by Helene Jeanette Rental Basics Rentals
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Spencer Hayes, Real Estate Pro in 36117
EAST HANOVER, NJ–Cresa NJ-North/Central, part of the international tenant representation firm, negotiated a new 70,200-square-foot lease for Amneal Pharmaceuticals at 1 Murray Road in East Hanover,… Read more
Blogged Fri Jul 6, 2012 by Spencer Hayes Rental Basics Property Q&A Investment Properties
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Helene  Jean…, Real Estate Pro in Morristown, NJ
There are typical "standard" requirements for prospective tenants:Employment verification Credit Check Security Deposit (cannot be more than 1.5 time monthly rent) Here's the good news, if you are looking… Read more
Blogged Sun Jun 24, 2012 by Helene Jeanette Rental Basics Rentals
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Pamela Sasso…, Real Estate Pro in Paramus, NJ
Pamela Sassone answered:
are there apartments available to someone relocating to NJ with a new job - who has claimed bankruptcy?
Some landlords are willing to work with you if you have money on hand. Call me and we can talk.
0 votes Share Flag Wed Jun 6, 2012 Rental Basics in Morristown
Suzanne MacD…, Real Estate Pro in 07856
One issue that is often over looked by underwater homeowners is the Mortgage Tax Relief Act of 2007.  Normally, forgiven debt is treated as income by the IRS and the amount forgiven is taxed at your… Read more
Blogged Sun Jun 3, 2012 by Suzanne MacDowell Home Selling Foreclosure Rental Basics
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Helene  Jean…, Real Estate Pro in Morristown, NJ
A client who is renting her house asked how to be sure.  Of what?  "That my tenants don't have pets."  That's not always easy.  Of course smells and fur will make you suspicious, but proving… Read more
Blogged Fri Apr 6, 2012 by Helene Jeanette Rental Basics Rentals
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Helene  Jean…, Real Estate Pro in Morristown, NJ
Helene Jeanette answered:
In this market, how usual is it for the landlord to pay renter's commission when renting out their property?
Most landlords in my area will ask the tenant to pay the fee. Notice I specify "my area." Real Estate is LOCAL. Practices may differ not just from state to state but between towns or ... more
0 votes Share Flag Wed Mar 14, 2012 Rental Basics in Morristown
Helene  Jean…, Real Estate Pro in Morristown, NJ
Many homeowners who rent an apartment to tenants do not understand that they are required to abide by Fair Housing Laws.  These laws are not just for real estate agents, they are practiced by agents… Read more
Blogged Fri Mar 9, 2012 by Helene Jeanette Rental Basics
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Suzanne MacD…, Real Estate Pro in 07856
Whether or not you use a Realtor, it's a good idea for landlords to follow the same practices, policies and procedures that would be followed if they did.  What are they?  Well...1.  Do a complete… Read more
Blogged Tue Feb 8, 2011 by Suzanne MacDowell Rental Basics For Rent Rentals
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Suzanne MacD…, Real Estate Pro in 07856
The third reason landlords should work with a Realtor is TIME!  In the residential rental business, as in any business, time is money.  When landlords work with a realtor they save time, lots and… Read more
Blogged Sun Feb 6, 2011 by Suzanne MacDowell Rental Basics For Rent Rentals
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Jeremy Gulish, Real Estate Pro in Morristown, NJ
One of the smartest decisions I ever made was to purchase a multifamily home as a first-time buyer.  My wife had some trepidation but was very supportive (having a partner who is on board is critical). … Read more
Blogged Wed Feb 2, 2011 by Jeremy Gulish Home Buying Rental Basics Rent vs Buy
Suzanne MacD…, Real Estate Pro in 07856
The #2 reason landlords should work with a Realtor is this, there is an entire pool of tenants who work almost exclusively with a Realtor, they are happy to pay my fee, and if you are not using one,… Read more
Blogged Wed Feb 2, 2011 by Suzanne MacDowell Rental Basics For Rent Rentals
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Suzanne MacD…, Real Estate Pro in 07856
Many landlords are hesitant to work with a Realtor to procure a tenant.  There are two reasons for this, first the landlord does not want to pay a commission.  This is something Realtors hear all… Read more
Blogged Tue Feb 1, 2011 by Suzanne MacDowell Rental Basics For Rent Rentals
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Suzanne MacD…, Real Estate Pro in 07856
I was on Craig’s list last week when I came across the following ad:   $750 / 3br - Quality craftsman home w/rocking chair front porch Bedrooms: 3 Bathrooms: 2 Property type: Single-Family Home… Read more
Blogged Wed Sep 15, 2010 by Suzanne MacDowell Agent2Agent Rental Basics Rentals
Dave Wainwri…, Real Estate Pro in Rockaway, NJ
Dave Wainwright, Jr. answered:
How easy it it to rent out a multi family home in Boonton, NJ, and what are the rents going for?
Debbie,

Boonton has historically been a very good rental town. It is close to transportation as well as shopping and major highways, especially Rt. 287 which runs through the town. I ... more
0 votes Share Flag Tue May 11, 2010 Rental Basics in Boonton
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