All Forum Posts by: Andy S.

 Is it possible to raise rent without mentioning this is for ESA? I have not signed the lease with the tenant yet, this is before even onboarding him as my tenant

 Yes they do

 Damage caused by such animal could run into $10k (cost of replacing flooring) etc. Would you advise any way this risk can be mitigated? Security deposit of just 1.5 month rent would be inadequate right? Thank you

Russel and Bruce,

Thank you very much for the valuable insights. How does one identify fradulent ESA letters? How does one know these are mere online versions vs issued by an actual authority?

Regards

I came to realize that for service animals or ESAs the NJ/Federal law does not permit charging any deposit or rent. However putting my landlord hat on, I see this as a nuisance to a landlord. An animal is animal and is going to scratch flooring, create mess etc in the rental. In that case, how do I protect my rental investment against damages caused by such kind of animals? What do other landlords do to mitigate this risk?

Thanks in advance for the guidance

Thank you all for the valuable guidance. Joseph, I am about to close in next 10 days. I will consider all the guidance received on this thread for this deal.

Hello All,

I am a buyer of a property in NJ for which closing is planned soon. The seller is requesting use and occupancy for few days post closing (ie post closing seller wishes to stay in the property for some days untill they move to their next residence for which their closing is also planned). In such a case is there any risk to me as a buyer in NJ? Would this become an eviction issue? 

Any of you experienced any adverse issues in such a scenario? Any caveats I must look for? Red flags?

Thanks in advance

Thanks Russell.

Yes, agent A is listing agent and Agent B is the one who I have been using as buyer's agent before this deal (without any written contract between me and Agent B). Agent B has now sued Agent A and I wanted to understand what are the implications to me.

Recently I started working with a realtor as my buyer's agent. I did not sign any buyer's agent agreement though. I bought my first property thru this realtor, however for the second deal, I chose instead to use seller's realtor as my buyer's agent (ie disclosed dual agent). Since my first realtor brought and showed this second property to me, I felt I should speak with the realtor to inform them about my decision to go with another realtor. In such a scenario, what will be the impact to me?

1) Will I be not allowed to buy the second property through the new realtor?

2) Can my first realtor sue the second realtor and that in reason for me to lose this second property deal?

Kindly advise.

Regards

I have a rental properties with equity available in them. Anybody suggest a bank/credit union that can provide HELOC against one or more of these? Any recommendations would be appreciated.

Thanks