All Forum Posts by: Joe Martella
Joe Martella has started 32 posts and replied 614 times.
Post: Lease clause - no warranty for shed or mower

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
If you are worried about liability then don’t provide them with the mower. You can provide the manual with the mower electronic or physical docs. This way you can say they can use the mower.
Additionally, I think that any reasonable person would say a SFH would come with a shed. I have 4 SFHs. They all have sheds and I have paid to repair as needed. I think you should repair the structure on the property if needed. How much maintenance does a shed take?
Post: Repipe or not? Tenant complianing of water pressure

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
I would ask the plumber to give a written assessment for your records only.
I would tell the tenant that the plumber came and said there is nothing wrong with the pipes or water temperature.
If the tenant is unhappy, the only concession I would offer is an early out of the lease with no penalty.
Post: Self management property tools

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
Quote from @Jeremy Thomas:
Looking to start renting out my current home this summer as a long term rental when my new build is finished. I really want to self-manage to learn the most about process. I would also love to expand next year to more long term and even short term rentsls locally and possibly even out of state.
I'm looking for some solid tools that give me the most potential for running an effect growing rental buisness. If you strongly suggest property management companies that is also something I'd love to hear.
Thanks!
@Jeremy Thomas, I am just checking to see how you made out. It has been 7 months since your post. Just curious about your progress.
Post: Central Jersey Property Manager

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
Raj,
I sent you a message.
Post: Inhering Tenants in a Buying Rental Property

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
Quote from @Ruben S.:
Quote from @Joe Martella:
Get an estoppel agreement
Thank you for the advice Joe! Since we're only 2 weeks from start we're using an agent on both sides and there is also a property manager on the seller side, who should I give the estoppel agreement to? How should I get it done if this is the right question?
Post: Inhering Tenants in a Buying Rental Property

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
Get an estoppel agreement
Post: Home Warranty for Self Manage Properties

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
It all depends. But rule number 1, don’t let the tenant deduct from their rent. If you want to hold the policy then you pay it. Roll the costs into the rent. If the tenant pays, how will you know the policy is current?
Post: Best Online Rental Payment Options in 2022

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
Hi Bruce, I have made a couple of posts on what I use to self-manage my portfolio. Please check them out.
I use TurboTenant to list and collect my rents.
Post: Am I taxed on sale price - purchase price? Or appraisal price

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
You are taxed on the $57k minus any expenses
Post: 1 month delay in get rental payment

- Rental Property Investor
- Cherry Hill, NJ
- Posts 626
- Votes 495
What does your contract say?