How to circumvent rc in Jersey City

How to circumvent rc in Jersey City

Real Estate Fund Manager · Tampa Bay FL · Member since 2016 · 17 posts · 2 votes

I have a few off market buildings for sale in JC, but most of them have rc tenants who are not interested in moving. Any suggestions on how they can be persuaded to move out legally?  Its not that I want to displace people from their homes, just trying to find ways in which these deals can be value add opportunities for my buyers.  Thanks!

0Reply
42 views

Most Popular Reply

Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
7y

Well, that’s exactly what you’re asking.....how to displace them. 

See this reply in the discussion

6 Replies

Jump to latestLatest
  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    Well, that’s exactly what you’re asking.....how to displace them. 

  • Real Estate Agent · Jersey City, NJ · Member since 2014 · 55 posts · 21 votes
    7y

    @Lisa Mangroo. Lisa, where are the properties?

  • Real Estate Fund Manager · Tampa Bay FL · Member since 2016 · 17 posts · 2 votes
    7y

    @Michael Baker

    One is in Hudson City, the other is in the Bergen-Lafayette neighborhood 

  • Anthony GaydenPro Member
    Rental Property Investor · Omaha, NE · Member since 2014 · 2k+ posts · 3k+ votes
    7y
    Originally posted by @Lisa Mangroo:

    I have a few off market buildings for sale in JC, but most of them have rc tenants who are not interested in moving. Any suggestions on how they can be persuaded to move out legally?  Its not that I want to displace people from their homes, just trying to find ways in which these deals can be value add opportunities for my buyers.  Thanks!

     Cash for keys.

  • Property Manager · NJ · Member since 2017 · 786 posts · 396 votes
    6y

    @Lisa Mangroo
    Here are a few resources that can help you out if you're looking to invest in NJ. The first is the tenants bill of rights. The second is the Jersey City Ordinance for rent control both are exciting reads (lol) and will help you make an informed decision about property ownership in NJ & Jersey City

    https://www.jerseycitynj.gov/U...

    https://library.municode.com/n...

  • Real Estate Fund Manager · Tampa Bay FL · Member since 2016 · 17 posts · 2 votes
    6y

    Thanks @Vaughn Smith

Join the conversationCreate a free account to reply, vote on answers and follow this thread.