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.

Benefits of Using South Jersey Preferred Vendors for Your Rental Property Maintenance & Can a Property Owner Use Their Own Vendors for Rental Maintenance?

Maintenance issues and the costs involved in rental property maintenance are big issues for owners and investors who are trying to keep costs low. The most common questions we get on this topic are – do owners have to use our vendors, and do we mark-up maintenance...

What Is Full-Service Property Management? Southern Jersey

  Many owners and potential clients often wonder what the difference is between full-service property management and the services you receive from a company that may not provide a full-service experience for their customers. We want you to understand the value...

What’s the Difference Between a Homeowner, Condo, and Co-op Association?

Common interest communities are also known as homeowner’s associations, condo associations, and co-op associations. These community associations have one thing in common – they include multiple properties or multiple units within one property. But, that’s really where...

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

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Feb 18, 2020
Google Realty Solutions R
I have a great staff looking after my rental properties. Top notch legal department also available to stay on top of problems. I’ve sold properties thru RS and everything was handled flawlessly. Easy Settlements. Property Management: Team keeps up with issues and treats my tenants with respect but with authority to keep things running smoothly. RS has a great software program where I have access to all my financial info, work-orders, etc., 24/7. I’ve had experience with other PM companies and have had to “pull teeth” to get financial information, etc. This group is dedicated in putting the Landlord first.
Google
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Feb 17, 2020
Google Realty Solutions Daniel
Realty Solutions, LLC, has lifted a huge weight off my shoulders. Not having to deal directly with tenants, home inspections, and repairs, has given me such peace of mind. They offer a fair price for what you receive in return. I couldn't imagine having to going back and deal with this myself ever again.
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Feb 17, 2020
Google Realty Solutions Nnamdi
Excellent, hardworking top notch team. Very responsive, proactive, experienced and professional.
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Realty Solutions Yahkiema
Great costumer service and have a great understanding of when u have a situation
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Nov 22, 2019
Realty Solutions Nicole
The guys that installed my dishwasher were great!

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