Jersey City/Newark multi-unit rental business

[James Yip]

There seems to be lots of multi-unit rehabbed properties available in the market in the Jersey City/Newark areas lately. Does anyone know if this is a good market to run a rental business in? Is dealing with low income tenants in a sub-par neighborhood difficult? Will it be easy to collect rent or deal with a less safe neighborhood, etc? Does anyone have experience renting properties in these areas?

[Alberto Artasanchez]

James,

You are in luck! The upcoming tristate event addresses this very question:

"What is Section 8 housing and why every sophisicated investor loves it."

 

http://www.tristatemixer.com/events/central-nj-main-secrets-to-buil...

[James Yip]

"Its never been a better time to buy then now..."

Is this because there are lots of previously foreclosed property owners looking to rent?

"Collecting rent is easy as long as you know how to identify good tenants and what areas will bring you what kind of tenants..."

For low income tenants what's the most important criteria you look at?

"I recommend you attend the upcoming multifamily investment workshop if you want to learn more about this business."

I think I will make time to attend the meeting.

 

Thanks for your reply.