Investing in NJ and need your advice!

Member since 2019 · 8 posts · 0 votes

Looking to buy a rental investment property in NJ. Specifically interested in Hamilton/Trenton area due to proximity to where I live. What do you all think about tenants in this area? My research says this area is one of the best markets in NJ in terms of profit. How easy is it to find good, stable tenants?

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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
6y
Finding good, stable tenants is less a product of the area and more a product of your property, your management, and how you find your tenants. In my part of NJ, most landlords are asking for 3.5 months upfront (first month's rent, 1.5 months security, and one month for realtor fee). Some landlords balk at this (even when they are not paying any of it), but it's a way to get tenants with more skin in the game and more money in the bank. Too many landlords jump at the tenants to get it rented and regret it later. If your property is one of the nicer ones on the market, you will have rental choices.
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