Hiring a management company is a big step that is eventually taken by most successful landlords. While some tenants may like the personal touch of working directly with their unit’s owner, few landlords can handle that kind of time commitment. This is especially true for those landlords who are managing many units. If you’ve found
An implied warranty of habitability is a part of every lease agreement in New Jersey. This is a general warranty from the landlord that the unit is free of problems that would unreasonably inhibit the quiet enjoyment of the property. The ‘covenant of ‘quiet enjoyment’ restricts… “any act or omission of landlord . . .
New Jersey renter’s law allows for many different kinds of lease arrangements. Most leases are on an annual basis, but landlords can also choose to have the lease run month-to-month. This is certainly a less stable arrangement than an annual lease, but there are several reasons that you should consider it if you are a
What can you do if a tenant destroys your property? When it comes to tenant-caused damage, who pays? If you’ve found yourself asking these questions, you’re not alone. Many landlords have found themselves facing tough choices and big repair bills because their tenants did not adequately care for rental properties. If this is happening to
Consistent rental income relies on stable tenants. If you find yourself constantly dealing with tenants who won’t pay their rent or take care of the property, it’s time to consider updating your evaluation policy. There are great tenants out there, but you need to be dedicated and discerning in order to fill multiple units with
If you’re a landlord who has struggled with the question of rental insurance for your property, you aren’t alone. Insurance can provide protection and peace-of-mind, and it can help you protect yourself from bad tenants. However, it will also cut into your bottom line. Insurance that provides the protection you need is going to cost
Sometimes, you may be faced with tenants who leave their furniture or other property in or around the unit. This can happen for several reasons. Sometimes it happens because the tenant doesn’t want to haul anything away, and they’ve decided to abandon the property. Even when you know this is the case, you can’t simply
You need to respond immediately when a tenant begins to make late payments on their rent. While you’re likely concerned about access to the funds you’re entitled to, light pockets aren’t the real danger when it comes to allowing late rent payments. Under New Jersey, late rent can become an expectation of the tenant if
If your tenants don’t always pay on time, you’re not alone. Landlords throughout New Jersey must deal with this situation, and most of them have no idea how to put a stop to it. That’s a problem, because allowing late payments habitually just makes enforcing due dates later more complicated. If you’ve already made a
A lease violation can occur through a breach of house rules. A breach of house rules are a violation of the the rules laid out in the lease agreement for the proper use of the property. If you intend to stop the behavior and protect your property, you need to react as quickly as possible.