All Forum Posts by: Aaron DiCaprio

You may want to hire an eviction attorney that can help you navigate through this matter and the eviction process.  They're well-versed in landlord-tenant law and usually charge a reasonable flat fee which shouldn't be exorbitant like others who charge hourly.

Separately, you might want to consider purchasing rent default insurance at some point. That coverage can reimburse you a portion of your lost rent and legal expenses. The cost is pretty affordable and tax deductible.

Good luck and don't let this one deal dissuade you from investing!

Aaron

You might want to hire an eviction attorney who's well-versed in these matters.  They typically charge a flat fee and since they're so specialized can usually accelerate the process for you.

Separately, you might want to consider purchasing rent default insurance at some point. That coverage can reimburse you a portion of your lost rent and legal expenses. The cost is pretty affordable and tax deductible.

Good luck!

Aaron

@Lien Vuong is correct - get an eviction attorney.  They're well versed in landlord/tenant law and know all the judges presiding over such matters which can help accelerate the process...which can be long depending on the state where the property is located.  They may also charge a flat fee which can certainly benefit you.

Separately, you might want to consider purchasing rent default insurance at some point.  That coverage can reimburse you a portion of your lost rent and legal expenses.  The cost is pretty affordable and tax deductible.

Good luck!

Aaron

Why You Need Rent Rescue:

• Up to 6 months reimbursement for non-pays (skips, evictions, etc.)
• Up to 3 months reimbursement for court order breaking the lease, military status or death of sole tenant
• $1,000 of legal expenses
• Average annual premium of $300/unit
• Premium can be tax deductible
• Submitting a claim and getting paid is quick and easy
• in minutes
• Our insurance company partner is rated "A" by A.M Best / "A+" by Standard & Poor's
• Most importantly, PEACE OF MIND!!

Sound too good to be true? Read our policy. 

You Qualify for Coverage if Your Tenant Meets Our Criteria:

• No evictions in the last 5 years
• No bankruptcies in the last 5 years
• Tenant can financially satisfy the terms of the lease
• No rent in arrears for 30+ consecutive days during the last 12 months
• [NOTE: WE NO LONGER HAVE A CREDIT SCORE REQUIREMENT]

Always happy to discuss a more customized solution based on the opportunity.

We're seeking Affiliate Partners!

Feel free to contact us with any questions: [email protected].

All good feedback from the BP group.  And it sounds like either you or your PM has an eviction attorney on speed dial which is important as they can accelerate the process for you...which can sometimes be long and arduous given your venue.

At some point, you may want to purchase rent default insurance which will reimburse a portion of your lost rent and legal expenses when a tenant defaults on their lease.  The cost of the coverage is usually tax deductible.

Good luck!

Aaron

Again, appreciate all of the feedback.  Very helpful and great guidance.

Appreciate all of the feedback!  Very helpful.

Thanks,

Aaron

Looking for some insight from the BP community. What specific credit score, if any, do you require when screening tenants?  And are you no longer using a specific credit score in light of concerns with Fair Housing, Fair Credit and other laws?  Your feedback is appreciated.

Thanks,

Aaron

@Justin McElroy has good advice: start with the BP lease for NJ and then have a local real estate attorney review it so that it conforms with the most recent case law (which is always changing) in your jurisdiction.  Having a draft of the lease to present to the attorney could keep your legal bills down.  Most real estate attorneys already have a boilerplate that they use and charge a flat fee.

You should also consider buying rent default insurance at some point to protect your cash flow.

Good luck,

Aaron

People are nuts and in this day and age don't place much value on human life - look at all of the road rage incidents. Document every threat and communication and make a formal report with the police. One of the BP members mentioned creating an LLC and PO Box to preserve anonymity - that's a good idea too in that it insulates you from any unwanted visitors. Hiring a property manager could benefit you too.

Separately, you might want to look into buying rent default insurance to protect your cash flow.

Good luck and be safe,

Aaron