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We use the term "accidental landlord" to refer to a homeowner who, for circumstances beyond their control, decides to rent their primary home. This decision results in the home becoming an investment property and the owner becoming a landlord/investor...accidentally.
Our service allows investors to take advantage of real estate ownership without the stress of everyday management. In addition to overseeing routine maintenance we attend to the needs of tenants with a goal of providing a quality living environment. The current climate of the real state market has made it difficult to sell single family homes and lofts. Whether its due to financing, appraisals or pricing homes are staying on the market longer which can prove troublesome to sellers.
One option a seller has is to rent the home until the market changes. This may allow the seller to cover all or part of their mortgage liability until it makes sense to put the property up for sale again. For those "accidental landlords" who choose to go this route Jersey Coast Properties will serve as a valuable partner. Another scenario is when a homeowner is transferred out of state by their job with the expectation of returning home someday. Again, we will manage the property and the tenant's expectations for the ultimate return of the homeowner. Our firm has the processes in place to search and screen for qualified tenants, oversee maintenance & repairs, and collect rent effectively while providing all of the necessary resources to maximize a favorable tenancy for single family properties in the New York City metro area including New Jersey and Connecticut.
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