All Forum Posts by: Neil P.

I found a great property i want to invest in out of state i was wondering what are the cons.  I have a property management team ready to go as well.  I end up with a 24 cap after everything.  Something doesnt look good here.  I am in nj i get 14% cap here which is great but i got lucky on my 2 deals.  Can someone tell me the cons of out of state investing and what to look out for? 

i went to the judge i filed the judgement i spoke to the eviction lady they said they will send a notice to the house and post it on the apartment within 5-10 business days then if they still dont pay in full they have an extra 3 business days to leave but if they dont leave by then the sherrif will remove them asap.  So it looks like 13 bbusiness days to fully remove them

But i want to file suit for my money i was wondering should i get on it now.  Cause in court they admitted they have not paid me the money so i want that evidence for trial when i got to small claims i should bring that recording with me right.

UPDATE:  SSo i went to court today, the judge ordered a judgement against them. They should be gone in about 15 days, for eviction unless they come up with the money. Now my question is can i still get paid ? for the rent i owe? they admitted to not paying me in court.  

@Justin Fraser@Darren Sager@Jeremy Pace @Angel Rosado@Steve Combs

@Jeremy Pace but what happens if they dont show up to court?

What if they show up to court and still dont pay what will the judge say?  Will the say pay the landlord or leave?  How does this process work?

I have a mortagage to pay and they arent paying me anything so i need some money coming in

so my tenants rent is due on 6th of every month since theyve been consistently late, we changed that date to the 15th.  There lease ends July 15th. they wanted to renew I already told them no.  They have not paid june 15ths rent.  They have not paid the secuirity deposit in full.  they have late fees they have not paid as well. 

I filed eviction yesterday, the tenant finally responded when i finally told them i will file eviction they said they dont care do what i have to do.  They said they have a baby on the way and they dont have time to find another place and i said thats fine at least pay the rent.  They said extend the lease and we will pay the rent.  I said no i told you i was not extending the lease, that you guys never pay on time.  They totally ignoring me now.  They are threatining me saying im a bad landord i never fix stuff, i always fix things for them and we had a leak the guy wouldnt let me in for a week so i fixed that as well. 

Now whats the next part people with non payment cases please help.  If we go to court they show up what happens will the judge order them to pay me or leave?  I got the tenant to sign a notice to quit as well.  They still have not paid or left the premise. @Lior Solomon@Darren Sager @Ibrahim Hughes

I am from NJ

 What is the LL? what you mean by registering?

I am going to the court house monday and filing eviction i made them sign a notice to quit and they signed it and still did not pay

If they have not paid there rent so i can just walk in and kick them out when there lease is up?  

@Steve Babiak They will not answer my calls or texts, i knocked on the door they look through the window and run away.  I have a wet drywall i need to fix can i go in ?  Its in emergecny also how do i write this renewal?  Any documents you guys have that can help me sorry first time landlord

My tenants lease is up july 15th they want to renew it but i dont want too.

I want them out i told them verbally i will not renew it.  On the 15th of July they have to vacate the premises right it says it on my lease.  Is there anything else i have to do ?  If they dont leave on that day and continue to stay on the premises what can i do?

Please help

If you have a garage in NJ and you are a homeowner or an investor are you collecting or making money from your garage?

Please let me know and what your thoughts are on renting it out.

Thank You