My Email Login
Condos in Jersey City, Apartments in Jersey City, Homes in Jersey City, Condominiums in Jersey City | Liberty Harbor

Resources

July 14, 2010

Land Lord Guidelines for Renting Jersey City Apartments

When land lords decide to rent one of their Jersey City apartments, there are certainly a number of issues to consider. It is important to find a responsible and mature tenant that will not cause issues with neighbors or not pay their rent on time.

Meeting with Potential Renters

An important part of renting Jersey City apartments is meeting with the potential renter. There are a number of steps land lords can take when first meeting with the potential renter to help make sure a good decision is made. Ask about an employment history and if they are currently working. If the potential renter does not currently have a job, it may raise a warning sign that the individual may not be able to pay their rent on time. If they do not have employment currently, ask if they are looking for employment, starting a new job soon or if there is some other issue for their current lack of employment. It may also be worthwhile to ask for a credit check as well. This will provide a look into the potential renter’s financial history to see if there are any past financial issues related to paying bills in a timely manner.

Sharing Information about Jersey City Apartments

It is important the land lord show the different Jersey City apartments they have available in a truthful manner. By trying to hide an issue, such as a leaky sink or issues with heat will not start the relationship out on the right foot. The potential renter may not feel comfortable with their potentially new land lord and may wonder what other information the land lord may be withholding.

It is also important that the land lord be upfront regarding plans on rent increases for the Jersey City rentals they are showing. While unforeseen issues can occur, if the land lord starts out with one idea and then drastically raises the rent, they will wind up with a rotating door of renters in their Jersey City apartments, which can prove costly for the land lord; especially if the Jersey City apartments sit vacant for months at a time. A good guideline is if the renter is not a problem, reports very few issues or complaints, consider small increases or better yet, none at all. This will keep renters on a long-term basis, avoiding turn-over and providing a stead stream of income for the land lord.

RSS feed for comments on this post. TrackBack URL

HOME | ABOUT THE DEVELOPER | IN THE NEWS | CONTACT US | RESOURCES
108 Tidewater St. Jersey City, NJ 07304 | 201 639 0333 | info@libertyharbor.com
©2012 Liberty Harbor. All Rights Reserved.