Is it hard to get your rental registered? Bought a 2 unit live on one and the other one is an inherited tenant. Agent didnt mention the need to register the rental just read somewhere thats a thing in nj?

like
Posting as :
works at
You are currently posting as works at

I have gone through the process in NJ. It’s not hard as the senior accountant said they schedule an inspection and then if anything needs to be fixed they tell you fix it then they give you the CO (certificate of occupancy). It’s definitely a need to have because if a tenant makes a complaint to the city about the property and you don’t have the CO it’s a huge penalty fine. And then you should register with the city of the property as a landlord.

like

This will vary by state but it shouldn’t be that difficult.

In NY, you call the city to schedule an inspection and they come in and make sure the house is “habitable”. They check to see that you have running water, appliances, heat, smoke detectors and that there is no obvious damages.

It’s a pretty low bar to be honest

Could be a pain if your property has a lot of code violations.

It’s heavily dependent on which municipality the rental is located in. But generally yes, you have to register with the city. Sometimes it’s through the Fire department and sometimes it’s through the housing department. It’s not difficult but it can be tedious and a bit time consuming.

Related Posts

like

Tips to clear AWS solution architect professional exam. No background in AWS

like
like

When does Accenture Capability pay Variable pay? If I join in May, when will I get the variable?

like

Any fish from LEK London willing to refer? Currently interviewing with other top consulting firms in London and keen to pursue LEK
YOE: 6
Appreciate the help!

like

Anyone who gave data analyst interview in UBS , have you received offer yet or waiting ?

like

Hi folks, I have been with Amazon for a year and looking to change due to poor wlb. How do I get a interview with them and how high is the bar compared to Amazon india?

Google

like

Let's make this bowl a safe place for us to give our honest feedback about a company without it being edited or buried.

To make it easier to search: create a post for the company you want to review, adding your pros and cons!

like

Got an offer to be a PM at google, base between $140 and $150K and TC between $215 to $220k. Roughly 4 YOE. T1 city. Is this fair in this market or a bit below?

like

looking for some insights - EY Big Data Architecture SM compensation expectations and joining bonus? thank you

like

ZS London compensation and benefits?

like

My company is hiring! Reach out if you are interested in working for an early stage Real Estate Tech Startup. Looking for Software Engineers and an Acquisitions Analyst (Private Equity MF). Based in Boston.

like

When lateraling to another defense firm, is it necessary to show billable hours at current firm?

like

Can anyone please refer me in LTI.

I have 2.8 yrs exp. Skillet - Azure Cloud, Devops. Open to any new latest technology as well.

I am serving notice period.

Thanks for your help

Hi All,

I have 2.3 years of exp in Sap basis

Can you pls refer me if any openings

Anyone work for CSAA or any other AAA company? What do you do and how do you like it?

like

How many rejection email have everyone received before getting first permanent full time position as a designer?
Did you have to alternate your personality applying to jobs?

like

Hi, I have got an offer from Abzooba. Any inputs for wlb, job security would be really helpful.
Role: PM, 10 yrs

I hear that UST acquired this last year. TIA

Looking for recommendations for an on-demand t-shirt print shop. I’m interested in printing various designs and artwork :)

I've worked in hospitality for two years, but now the travel restrictions are lifting and I'm nervous; how busy does it usually get around Christmastime?

likesmart

Additional Posts in The Real Estate Bowl

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

How might I start to evaluate whether or not it’s worth it to keep my current primary residence and turn it into a rental, instead of selling and using the cash to roll into the next down payment for our next home? Currently in our “starter home” and thinking to upgrade in a few years. Some figures to consider for current house - 299k purchase price, 240k left on mortgage, could prob rent for 2250-2500/month, or sell for 375k. It’s in a desired school district, but in the “city” tax district.

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

This isn’t relating to investing but we are looking buy a SFH in South Orange NJ. We are have a 2 yo and we are moving from Sacramento. It is a close to a train station to New York.
Does any one here have any info, good or bad things to know about the area. We toured 3 different homes and they were relatively affordable by (600-750k) and it seemed like a small town community but we are not familiar with east coast/ New England. It’s going to be our first move there.

like

We are renovating a condo and the previous owner had two Crane toilets (not sure how old, but functioning although seals are old according to our contractor). Back outlet flour mount ones are the only options for the building, and one toilet can cost $300-$500.

We are redoing all the bathroom tiles and walls and debating what we should do with the two toilets. Would resealing the toilets extend the use life? Or should we just replace the toilets? Any other recommendations? TIA!!

like

Anyone punched out of state 4-10 unit apt building? How did you find the listing?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

like

Happy Holidays fishes!! I would love to hear some thoughts here..We bought our first home last year for 316K ( starter home) in MCOL city. The value is now over 400K and I have an equity of over 150K. We are thinking of moving to a different state.Should we rent this place ($2400/month) and with recent refinance my mortgage will be $1600/month(inclu pay all) or sell it to pull out equity for the new home in a different state? FYI: we have over 100K in cash to down payment.

like

I share my first property with a family member which is my primary home. If I buy a second property (and keep the first property) and live there, does that second property now qualify as my primary home?

like

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

What's the best city in UK to buy a buy to let property, with best returns?

like

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal