In any negotiation, the person with the most leverage tends to get the best terms. The more leverage you have over the deal and the other party, the harder you can negotiate. The less leverage, the less room you have to negotiate. Want to know if you have good or bad leverage in negotiating a […]
The Basics of Fair Housing
So you are ready to become a landlord. Good! I have heard an expression, you can make money from selling real estate but you get rich by owning it. Becoming a landlord is a great way to accumulate wealth and build your financial portfolio. So lets say that you have a Princeton rental ready to […]
Attn. Investors: ‘Keep Your Eye on the Upside’
Here is an excerpt from an article buy the John Burns Real Estate Consulting. They focus mainly on supplying data for builders though I thought this article was relevant for Landlords looking to purchase investment properties in the Princeton area. Enjoy! ‘Keep Your Eye on the Upside: Though a robust recovery seems unlikely, the […]
What are a Tenant’s Responsibilities?
The more rentals I complete in Princeton the more I hear this question: What are my responsibilities as the tenant and what are the responsibilities of the landlord? The reality is that most rights and responsibilities of both the landlord and the tenant are spelled out in a lease. If you want, you can have […]
What to check when you move into a rental
Inspect the property Before you move in, make sure that the apartment has received a certificate of occupancy (C.O.) from the town housing inspector. Not all towns have laws requiring a certificate of occupancy. Call your town inspector to find out if the town has such a law. Also, check the following: Bathroom—Check the water […]
What happens when you break your lease?
What Happens When You Break Your Lease? What happens when you break a lease depends on the terms of the original lease agreement. Some landlords adhere strictly to this agreement. Others may consider why you are breaking the lease, how long you have lived in the property, how the property has been maintained while you […]
Princeton Rentals Market News
In looking at the number of Princeton rentals that have gone under contract in 2010 vs. 2009 it is suggesting a strong market. 1/1/09 – 10/14/09: 123 Princeton Rentals were leased 1/1/10 – 10/14/10: 159 Princeton Rentals were leased That is almost a 30% increase in the number of Princeton rentals that have leased ytd […]
Top 3 Landlord Mistakes
After the initial interview and property tour, the next step that is that a Tenants Agent will start the application process. As the market for Princeton Rentals is brisk Tenants agents sometimes rush and miss things. As a Princeton landlord, here are a few things to look for. The information provided on these application forms […]
A Tenants Basic Rights and Obligations
Ever wonder what a tenants basic rights are…? They vary state to state but here is a good list to live by: Your landlord can check your credit when you apply. This is to ensure you will be a good renter and pay your bills on time. However, you must give your landlord permission to […]
Do I Need Rental Insurance?
Renter’s insurance is something every renter should have. It is inexpensive, depending on the amount you take out and your area you will likely pay between ten to twenty dollars a month for the coverage. It will protect you from theft and loss from fire. Most people have been robbed or know someone who has […]
