All Forum Posts by: Narelle Myke

@Jeremy Sanders Have you considered posing this question to an attorney?  I just don't think this is a question for your realtor.  My assumption is that whatever is acquired in a marriage can be split but you should definitely defer to your attorney.

I'm there!!

@Darren Sager - Thanks for the invite! I will be attending!

I will be there!!

I'm beginning to think you're a mind reader! I was looking for this very instruction before responding to you and gave up. Thank you ;-)

Awesome - definitely a consideration for the future. Thank you

@Raymond B. Funny you should mention this! I was speaking with an investor friend about this very thing after that post. He said to me " You gotta treat these people like children. Go get that money!!"

So that's what I did - I collected the rent in person and I'm fine with that for a number of reasons:

1 - it gives me face time with the tenants

2 - they know I'm serious about collecting the rent on time

So with that said, it's not that I won't consider other options of collecting in the future but I realize I need to be flexible. My investor friend is a native Newarker and also offered to collect for me when I can not.

@Gerald K. I definitely reviewed the existing lease and original application before closing. I received a credit for the February rent as well as the security deposit. The tenant has a one year lease which expires in July and I've already notified them of where their security deposit is being held per the state law.

I did not have proof that the tenant was paying their rent on time and that's an oversight I won't forget on the next deal. However, I can say that I received March's full rent payment from the tenant within the specified timeframe in the lease. As for the second unit, I currently have it on hold for a family that brought copies of their pay stubs with them to the walk through and have passed my reference checks.

So, so far so good! I appreciate your recommendations and will be joining a landlord association for sure. Newark, NJ is an "interesting" place to invest in and so having a network of other experienced landlords will be essential to my success.

Thanks everyone for your congrats, advice, and sympathies LOL!

@Gerald K. I inherited the tenants that are living in one of the units.

I 100% agree with you @Ibrahim S . I need tenants that know how to put a check/money order in an envelope and use the United States Postal Service ;-)

I have been a member of BiggerPockets for several months now and have been super quiet in the forums. I guess I have been quietly learning and absorbing as much information as I can :-) but my plan is to become more active and engaged on the site.

Well, I am happy to announce that I closed on my first investment property today located in Newark, NJ!! It is a duplex, "newer" construction, and one unit is already occupied. I will be managing the property myself in order to learn the business. Next up is cleaning the vacant unit and getting a (great) tenant.

I am really excited about what 2014 has to offer and am looking to network with investors from Newark, NJ!