Increasing Rent in Passaic, NJ

[Dalwin Garcia]

Good morning BP NJ!

I currently own 3 two-family properties in Passaic, NJ. I've never increased the rent on my tenants, but I'm thinking of implementing this strategy starting this year. Can anyone help me understand how rent increases work in our state? Is there a certain dollar amount? Percentage? Am I allowed to raise their rent without having done any renovations/improvements to the apartment?

Any help would be greatly appreciated!

[Arthur Soto]

Hi Dalwin,

I'm a real estate investor from Passaic NJ as well. Good to meet you. In Passaic specifically, there is a rent leveling board. You should call City Hall and get the specifics. I will answer your last question: yes you can raise the rent without any renos done to the house or the apartments. You have the following reasons that you can explain to the tenants: your costs have gone up, the market has heated up,  etc. Good luck and feel free to reach out if you have any other questions.

Arthur Soto