Midterm Rental arbitrage

[Orane Jacobs]

Hello everyone! I'm considering pursuing rental arbitrage in Irvington, New Jersey, and I'm curious if this is a viable strategy. Has anyone had experience with midterm rentals in Irvington? Also, does this market typically see a high occupancy rate? I really appreciate your insights. Thank you!

[Shawn Mcenteer]

30 day or greater stay is not the issue with Irvington. The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents. Irvington is very similar to newark, which has very strict laws with regard to rent increases.