I'm buying my first rental property in Wildwood Crest. Where is the best place for me to find out all I need?

Asked by Jmanning23, Wildwood, NJ Thu May 14, 2009

to know about renting in Wildwood Crest?

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8
Gregory Bain, , Ocean County, NJ
Fri May 15, 2009
no need to contact anyone - that booklet is available at:

http://www.state.nj.us/dca/codes/lt/pdf/t_i_r.pdf

just print it out on your home computer.
Web Reference:  http://Ask4Greg.com
2 votes
Diane Glander, Agent, Spring Lake, NJ
Fri May 15, 2009
You should also get a copy of Truth in Renting to know what your responsibilities are as a landlord in NJ. Your agent should be able to provide you with a copy, or reach me via Trulia or my website below and I'd be happy to send you out one.
Web Reference:  http://www.dianeglander.com
1 vote
Gregory Bain, , Ocean County, NJ
Thu May 14, 2009
There is no one place to get all the information you need. You need to get with the borough and make sure the place is legal to rent ( http://www.wildwoodcrest.org/ ) and then you will want to find an agent that will represent you in your absence. You know: for scheduled turn overs, advertising, deposit holds and releases, clean outs, collecting rents with properly worded lease agreements that a judge will accept in court. All little things - did you have an ROI done on the property? Make sure it has a reasonable number to repair and replace furniture. Property taxes, association and management fees, utilities and beach badges are a few items to consider when looking at physical structure repairs that always need updating.

Hoping all your expectations are met. Good Luck.
Web Reference:  http://GregoryBain.com
1 vote
Joanne Berna…, Agent, Northfield, NJ
Sun Sep 30, 2012
Yes this is all good information! You should also realize that NJ is a very tenant friendly state. That means it is difficult for a landlord to get bad yearly tenants out. Chose your tenants carefully! Good credit is an absolute must! If you can, get reference letters from past landlords. It may take a little longer to rent doing this but in the end you'll be thankful you did! If you are counting on the rent to pay your mortgage and your tenants stop paying, you can loose your property, your investment and your credit rating!
0 votes
Nick Pappas, Agent, Wildwood, NJ
Tue Nov 23, 2010
Hi
My wife and i are both agents with Weichert Realtors here in Wildwood. We also live on the island and know the Wild woods market from top to bottom. I would be happy to help you. iI can send you what is available You can email us at pappasbocchi@verizon.net or call us direct.
Nick Pappas 609 334 4331
Janet Bocchi 609 334 4333
Thank you Nick Pappas
Weichert Realtors Coastal
0 votes
James Scott,…, Agent, Stone Harbor, NJ
Tue Aug 4, 2009
Find a local Realtor. Preferably a CRS. Ask why are these peripheral folks are offering advice?


Jim Scott,CRS* 609 425 7121 daily to 9 PM


*There are over one million REALTORS® in business today.Only 37,000 hold the
Certified Residential Specialist Designation.CRS is the symbol of excellence in
residential real estate. Our members have proven they have the experience,
continuing training and commitment to be the best in their profession. The Ph.Ds
of Real Estate.
0 votes
Larry Sarlo, Agent, North Wildwood, NJ
Fri May 15, 2009
Did you already buy?
YEs! Then you need

to get a rental room license. That is the 1st most important thing. (City)

Make sure your insurance will cover you for liability

Get a contract together

No need for tenancy laws and all that unless you are renting monthly seasonally or yearly, if you are renting weekly you have no tenancy that is where your contract will com e in to play,

Make a plan to how you get your rentals advertise, got your local realtors See FASY Ask for Joe or Annn they do a great job, David Green does a nice job also. OCeaniside makes you pay a $175 fee for a virtual tour but is one time only and they get good rentals and they take credit cards for you.


Any question call me .

Larry Sarlo
Weichert Realtors
609-868-1171
LSarlo@comcast.net
Web Reference:  http://www.NJHomeHunter.com
0 votes
David Green, Agent, Cape May, NJ
Thu May 14, 2009
Hi J,

My first place to start would be a good accountant to see what your goals are and how to structure the acquisition. As far as the details on the property itself, I would be available for a consultation.

Dave Green
RE/MAX at the Shore
609-425-8179
0 votes
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