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Rental Basics in Hoboken : Real Estate Advice

  • All534
  • Local Info42
  • Home Buying206
  • Home Selling21
  • Market Conditions18

Activity 17
Sun Sep 25, 2016
Ken S answered:
Have you ever heard of supply and demand? Market conditions? An owner's market? There are many reasons why fees fall on tenants rather than landlords, in various neighborhoods and cities. If housing is in short and high demand, or highly desirable or sought-after in a given metropolitan area (i.e. Hoboken), then the burden typically falls on the applicant / tenant to pay the commission...just like it does in NYC, San Francisco, Boston, Chicago, and countless other cities where realtors work hard to earn a living because there is a huge demand for housing. Just because you "believe" you shouldn't have to pay for a service doesn't mean you get to change the market! And frankly, many landlords figure if you can't even afford to pay rent, security and a broker's fee upfront, then that means you don't have a lot of savings, and therefore you are a risk to them anyway as a tenant. They'd usually prefer someone more financially qualified to rent in their buildings. Broker fees in Manhattan are typically up to 15% of the annual rent, almost always paid by the tenant. You have nothing to complain about. ... more
0 votes 1 answer Share Flag
Mon Mar 14, 2016
NittanyLion answered:
The 40X rent as annual income and high credit score (750+) that Jeff reference is a safe starting point. As a landlord, I would be hesitant to rent to anyone falling significantly short of those 2 measures. I would be willing to consider it if you don't meet it individually, but far exceed it between all applicants (if you have a partner or roommates).

Additionally, if you don't quite hit that mark but have substantial savings, long and consistent job history, and/or possibly a co-signer, that may help round out your application.

Best of luck!
... more
0 votes 3 answers Share Flag
Mon Mar 14, 2016
NittanyLion asked:
I have a 3 bed/2 bath condo that I'd like to rent out soon, but the legal rent calculation on the unit is at least $200-250 lower than the market rate. We completely gut reno'ed the kitchen…
0 votes 0 Answers Share Flag
Sun Jan 31, 2016
Kathleen Conroy answered:
Hi Stacey, I moved to Hoboken from Chicago (Lincoln Park) several years ago! Maybe I can help, please feel free to call or email directly. Kathleen Conroy 917-370-8181 cell. Email: Kathleen@KathleenConroyRealtor.com

Kathleen Conroy
Licensed Realtor, Sales Associate
Prominent Properties
Sotheby's International Realty
321 Washington St., Hoboken

2 Offices in Hoboken, NJ - 13 Offices in NJ

www.KathleenConroyRealtor.com
... more
0 votes 2 answers Share Flag
Tue Feb 17, 2015
Dixon Leasing answered:
Thanks Joe. In this case johnhorne01 has stolen our listing and posted it at a low price to generate leads. We apologise for this. Hopefully it doesn't happen again.
0 votes 2 answers Share Flag
Mon Dec 8, 2014
Suzanne MacDowell answered:
I don't know as there is a time limit but I would call both the real estate agent and their managing broker to find out if the check was lost. I can't imagine any other reason it would take so long. ... more
0 votes 1 answer Share Flag
Tue Jul 8, 2014
Sivya Weis answered:
Dear Sue:

Feel free to reach out to me. I'm happy to assist you in your home search. I specialize in the Hoboken, Jersey City and all of Hudson County real estate market. I can assist you with finding an apartment to rent or a condo / house to purchase. I look forward to hearing from you. ... more
0 votes 3 answers Share Flag
Thu May 22, 2014
Robert Kohrs answered:
Be prepared to do the tenant parade. You will likely have to go into multiple agencies, fill out similar forms, and sift through various lists of rentals. The experience will be greatly effected by your price range. ... more
0 votes 11 answers Share Flag
Mon May 20, 2013
Walstmnky answered:
Landlords and management companies can be PITA when it comes down to securing a residential lease.

Example: I have co-workers who make $200K+, and FAR more than 40x rent, but some PITA lanlord wants to put their parents on the lease as co-signer. What B/S.

The point is, no need to solve this problem in "abstract". Get down to Hoboken, see some places, apply to some, and see what happens.

Unless you are a real deadbeat, you will probably find something.
... more
0 votes 8 answers Share Flag
Wed Jun 13, 2012
Diane Maxon answered:
Hi - Hoboken is a very popular place to live so the rental market is strong except for a Dec 1 to Jan 1 move-in. Most people do not like to move during the holidays.

Most leases require a 30 day notification to the landlord, so we don't see new listings until 30-45 days before the move in date. Your price range is a little low for the amenities you are looking for. You may have to give up the gym or the private washer-dryer to get a great apartment.

Please give me a call at 201-780-6594 if you'd like more information.
... more
1 vote 4 answers Share Flag
Wed May 9, 2012
Diane Maxon answered:
Hi Scott - The 2 bedrooms in Jersey City on the MLS are costing between $1950 and $2400. There are no 3 bedrooms under $2400.
0 votes 4 answers Share Flag
Tue Apr 24, 2012
Marita Moynihan answered:
Hoboken is a the HOT TOWN. So the prices are higher than most of the surrounding areas.

All roads lead to NYC... Towns north of Hoboken such as Weehawken, West New York and Guttenberg have great bus service into NYC--all day all night. The apartments are less expensive than a similar unit in Hoboken. We office just rented a 2 large bedroom with terrace, breakfast bar and garage parking for $1400 in Guttenberg. It would be twice that in Hoboken.

If you need the PATH, Jersey City may be your best option. Neighborhoods such as the Square, Grove St or Newport may be perfect. Downtown tends to mimic Hoboken prices. JC also has lots of bus/ferry/light rail service to NYC and or transportation hubs.

It really depends on your work location and your needs and wants. I would be happy to send you a list of transportation and other helpful links.

Regards,
Marita Moynihan
Sales Agent/Realtor
RIVERSIDE REALTY
209 Washington St
Hoboken, NJ 07030

Office: 201 653-3933
email: hoboken1127@yahoo.com
... more
0 votes 3 answers Share Flag
Tue Mar 6, 2012
Wayne Odenbrett answered:
This is simple. Read the "Truth in Renting" booklet published by the State of NJ.
Find it at: http://www.state.nj.us/dca/divisions/codes/publications/pdf_lti/t_i_r.pdf
1 vote 1 answer Share Flag
Wed Nov 23, 2011
Tatyana Gabruska answered:
The rental market is always very hot in Hoboken. Your apartment will cost probably from $2,500 to $2,800 per month. Please let me know if you have any questions.

Best Regards,
Tatyana Gabruska
Russo Real Estate
Cell 646-465-4560
... more
0 votes 8 answers Share Flag
Mon May 3, 2010
Matthew Franklin answered:
Another factor to consider is timing. I've always found the rental market to be much hotter during the summer months then other times of the year. As a matter of fact, I just assisted a landlord in renting their 1 Bedroom Condo for 1875. Not only did we get asking price, but we had multiple applicants to choose from.

Rather than focus on the average price in Hoboken, I'd recommend sitting down with a professional to review the comparable listings and to discuss a strategy of how to best market your home. If you'd like I'd be more than happy to meet with you at your convenience to provide my opinion.

Best,

Matthew Franklin
Realtor Associate
Halliburton Homes
609.313.2993
Matt@halliburtonhomes.com
http://www.trulia.com/profile/MattFranklin/
... more
0 votes 4 answers Share Flag
Tue Jun 30, 2009
John Bressor answered:
all bedrooms must have a window,closet and door. only bedrooms above grade level are considered.
0 votes 5 answers Share Flag
Thu Jun 25, 2009
Karina Abad answered:
Hi Raja, it will depend on the location, condition, sq fotoage/layout as well as if there is an elevator. Assuming all is great, it's lager than 1200 sq feet, you could be looking at rental income of about $3500 a month. If it's far west then a little less, if it's in a prime area and close to Hudson Street, depending on the factors I mentioned, maybe a little more. ... more
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