All Forum Posts by: Angelo Mart
Angelo Mart has started 12 posts and replied 368 times.
Post: How long does it take you to rent a property in a D class area?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Depending on the population growth of the city, my property manager rented my D area property out within 48 hours to Section 8 Tenants. Granted the property was renovated and in great condition which also helps. He advertised on Craigslist that "Section 8" is welcome and got Flooded with phone calls.....
Post: Newark Horror Stories
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Newark NJ home delinquency is 6 times the annual rate. Look it up, as it was voted the #1 city in the nation most likeliest to crash. I have done real estate here for 13 years and saw the best of times and worst of times in the Newark market. I do know you can make good money in the right area, however, evicting tenants in Newark (essex) is the lengthiest process in the state due to their high volume. This information came from my law firm which is one of the largest landlord/tenant law firms in the state and based out of Newark.
Post: section 8 tenant in my first rental property
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Congrats! I have section 8 rental in Paterson NJ. How many bedrooms do you have? What is the family structure of the tenants
Post: New to Real Estate, Looking for my 1st investment
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
23 Is a great age to get in!!! Remember, Men Lie Women Lie but numbers don't
Post: Do you carry a gun when visiting your C-F class properties?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Originally posted by @Lauren B.:
Who is the gun protecting anyone from? You from your tenants ? Why have you rented to these tenants? I’m a woman with two C class properties .. ones probably a C- ish. Maybe D+. A nice house still finds decent working class tenants who won’t shoot me.
Real estate is a risky business. If I was scared all the time I wouldn’t take these kinds of risks buying in c/d neighborhoods. Or buying RE at all.
I don’t buy in neighborhoods where I’m afraid. I don’t want to rent to these kinds of people.
This holds true. I own in a rough C/D type area and have great hard working tenants I found after proper screening. Like the local cops told me "its only 1% of the population in my city that are complete violate criminals" If you weed out the 1% during tenant screening, that leaves you with 99% of the population to pick the best candidates to rent to.
Post: Do you carry a gun when visiting your C-F class properties?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Originally posted by @Matthew Paul:
I dont need a gun when I am in a bad area , I just have an argument with the invisible man next to me , or I talk to my hand really weird . Funny how people leave me alone .
HaHa! so true, when you are "crazy" nobody wants to even look in your direction
Post: Do you carry a gun when visiting your C-F class properties?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Originally posted by @David Huff:
I own several guns and never carry a gun in the C or lower class areas my family and I own properties in. You need to make yourself well acquainted in the neighborhoods where you own properties so people know who you are and why you are there. Also don't ever carry large amounts of cash. And finally play offense and be aware of your surroundings.I have been a landlord off and on for 15 years in very tough neighborhoods. I have only had reason to become concerned once and I got in my pickup and left! That is the best thing you can do if you fear for your safety!
Well said, watch your surroundings
Post: Do you carry a gun when visiting your C-F class properties?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
WHAT type of threats did people make against you and why??? Maybe if you can squash that then you can reduce issues
Post: Lending Appraisal EXCLUDES furniture!
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
I am an appraiser and all my reports state that "PERSONAL PROPERTY IS NOT TAKEN INTO CONSIDERATION TOWARDS MARKET VALUE"
Post: Hiring a private chef
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
I WASTE a lot of time away from my business getting lunch everyday