South Jersey Landlord Advice

Wondering how to choose a property management company or what to do when it’s time to screen a tenant? We have all the landlord advice you need in our blogs and videos. Take a look at our landlord tips and learn some best practices, which we have perfected over the many years of our property management experience. If there’s a question that hasn’t been answered, get in touch with us. You might just see the topic covered in our next blog!

Many people today are complaining about the bad economy. However, there are always opportunities for the astute investor. For instance, depressed real estate prices have placed many attractive properties on the market that might not have been there, but for the current economic circumstances.

Some people are afraid to get involved in real estate investment. “What would happen if someone sues me?” they might say. “I don’t want to lose my home!” Creation of a Subchapter S Corporation or a Limited Liability Company is essential to guard against these possibilities.

These are business entities that can be created by an individual to own and operate the investment property. There are substantial financial advantages to owning property in this manner and it protects your individual assets, if that “worst case scenario” occurs. Because the Internal Revenue Code allows for the pass-through of the profits, losses and expenses, the tax consequences are no different than that which would have occurred has the property been owned by the individual. On the other hand, the individual owners of the Sub-S Corporation or the LLC cannot be held individually liable for the debts or obligations, unless they have personally guaranteed same.

As with any major challenge, it is always important to consult with your legal and accounting expert. This is an area that has intricacies that require advice. However, with a little bit of knowledge, you can gain substantial benefits and financial security.

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You come home from work one night and you find, in the mail, a ticket telling you that you are being cited by the Municipal Code Official because the grass is too long at your investment property. Unbeknownst to you, there is a Municipal Ordinance requiring the grass to be kept less than 8″ in height. You quickly drive down to the property that you have rented to that nice couple and you see what the Code Official saw: High grass!

When you call your tenant, he tells you that he was on vacation and then he got sick and yes, he did not have a chance to cut the lawn, as required by the Lease. You tell him about the ticket and he promises to get it cut. The issue remains – Who is responsible for the cost of the ticket? And how will it be defended?

The good new is that if the grass gets cut and you go into Court with the problem resolved, you may be able to convince the Prosecutor to recommend a dismissal of the ticket. In that case, you may walk away with a very minimal fine or maybe even just pay the court costs. Remember that just because you have a clause in your lease that requires the tenant to cut the grass, (or any other municipal requirement – eg., snow removal, trash cans being put out too early…), it is still your responsibility. You may want to consider a clause in your lease requiring the tenant to compensate you for any fines (and maybe even your time) if you are required to attend Court to resolve any issues created by the tenant.

The Quick Landlord’s Guide to New Jersey Habitability Issues

Rob Gleaner is a real estate attorney serving the entire South Jersey community with all real estate issues, and we asked him to join us to discuss the habitability issues in a landlord and tenant relationship. There are three important points to consider: Landlord...

The Quick Landlord’s Guide to Security Deposits for New Jersey Rental Property

Today, attorney Robert A. Gleaner is joining us to talk about security deposits. The way security deposits are managed in New Jersey can be broken into five different areas:  Purpose of security deposits Maximum amount you can collect Where to hold a security deposit...

Tips for Tenants Not Paying Rent: Negotiating Overdue or Late Rent Payments

When it comes to managing outstanding tenant balances and evictions, you need a process in place. This process will often depend on the tenant you’re working with and their unique situation. At Realty Solutions, we’ve noticed that tenants will fall into one of three...

We have been working with Realty Solutions for the past many years. Very Professional top notch Realty / Property Management Organization. Everyone in their organization is very nice, very attention to detail and always looking out for their clients . Highly recommend their services to anyone looking for Real-estate or Property Management Services.

Michael Jenzano

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What People Are Saying About Us

4.9/5
4.9 /5
65 Reviews

Google
5.0/5
Mar 1, 2021
Google Realty Solutions Paul
Great People to deal with!!!! Good to know a phone call is all it takes to resolve any problem....You guys are rock stars!!!! best wishes,,,Paul A. Sosi..
Google
5.0/5
Feb 22, 2021
Google Realty Solutions Paul
Being a property owner and manager for more than 10 years, I was very reluctant to give up control of my portfolio of rental homes. I was worried about how the tenants would be treated, how the properties would be maintained, how the income could be hurt, how the expenses could get run up! I worried about all these details, but with family issues that required my time, I had to do something. Realty Solutions came highly recommended by a Realtor friend. During my interview of the company, I met with the two primary owners and several key staff members. Each was impressive. From their positive attitude to their professionalism, they quickly put me at ease and gave me a level of confidence that they would care for my properties and my net income in the way that I had for years. Now that they have managed my portfolio of rental homes for over 2 years. My only disappointment is that I didn't make the switch to professional management sooner. The expenses are at or below what I was used to, while the buildings remain in good condition. The income increased. I am impressed with their ability to keep me informed as the COVID crisis has affected so many aspects of my business. I am very finicky. I watch all of the details, and Realty Solutions has delivered on its promise of excellence!
Google
5.0/5
Feb 22, 2021
Google Realty Solutions Arabella
I managed my duplex while I was living there, but now that I have retired to Florida I needed help. Realty Solutions has been managing my property for 3 years and I have been totally satisfied. I understand their contract and billing and they leased my former residence to an excellent family. I am very satisfied.
Google
5.0/5
Feb 19, 2021
Google Realty Solutions George
Kyree Kuntz has provided excellent expertise and service!
Survey
5.0/5
Feb 17, 2021
Realty Solutions Sandy
Reality solutions has always been there if I have a problem

Want to Learn More?

If you’d like to learn more about our properties and what it’s like to work with Realty Solutions LLC, get in touch. We’d be happy to talk more about our rental properties, our application requirements, and our leasing process.

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Realty Solutions, LLC

Audubon Professional Center
415 South White Horse Pike
Audubon, NJ 08106

Toll-Free: 1-855-547-4700
Fax: 1-855-347-1257