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A 1031 Exchange is the nickname used in reference to Section 1031 of the U.S Internal Revenue Service Code. It allows a real estate investor to sell a property and reinvest the proceeds in new investment without paying capital gains. There are some conditions that you must meet before you can do a 1031 Exchange in New Jersey. The following is everything you need to know in this regard: The Properties in the Exchange Must be Used for Business or Investment Purposes According to Section 1031 of the Internal Revenue Code, properties in an exchang…

In each field you immerse yourself in, there are specific terms or jargon that you will need to learn. Sports, baking, and finance have their own set of words that are particular in their niche. Communication becomes easier between industry professionals and investors when they all speak the same language, so learning these terms would be a real benefit. Learning the basics goes a long way. The more you expose yourself, the more the words and meanings stick in your mind. With that in mind, we at Lone Eagle Management have put together this …

Attracting a tenant to your New Jersey rental property can be challenging at times, especially if you’re new to the business. And that’s why some landlords turn to rent concessions to help them land their first tenant. Simply put, a rent concession is a temporary offer that a landlord might make in order to attract or retain a tenant. Rent concessions are also known as short-term incentives. The goal of giving them is to minimize the vacancy period, which can prove to be costly in the long term. While rent concessions may mean reduced incomes…

You can attract more potential tenants if you know the right way to advertise your rental property. The proper marketing strategy can result in having good occupants because they will target your ideal tenant demographic. When you have the right tenants, you can save more and maintain the condition of your property. There are also fewer worries of large property damages and costly evictions. By following advertising tips and tricks, you can find wonderful tenants and reduce vacancies. Tip 1 - Take Great Photos A picture is indeed worth a thou…

One of the many responsibilities landlords have is collecting payment. And while it can appear easy, it often isn’t a walk in the park. Late or missed rent payments can become a regular thing, especially if you rent to the wrong caliber of tenants. Having a good method to collect rent payments is one way of ensuring tenants pay rent on time, every time. Also, the right method will ensure you are able to keep track of all rent payments for easier record-keeping. In this article, we’ll look at the various different options for collecting rent p…