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Tips For New Landlords | Newark, NJ | Moldovan Law Firm

<br>Are you a Landlord with a Tenant who is either not paying rent or damaging your property? Are you a Tenant with a Landlord who is refusing to make repairs to the property? The Landlord Tenant Lawyer in Newark, NJ of Moldovan Law Firm can help.

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Tips For New Landlords | Newark, NJ | Moldovan Law Firm

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  1. Moldovan Law Firm Landlord Tenant Lawyer www.moldovanlegal.com

  2. 1. Know Your Local Laws Laws concerning rental housing are entrenched to keep both parties of the landlord & tenant relationship. Understanding of and acquiescence with federal, state and local regulations is pivotal for both landlords and tenants. Rental property owners want to run a money making business and protect their investment. Tenants want to live at peace in a rental home and defend their personal rights. 2. Build Your Support Team Being a landlord is not a thing that you should have to do alone. Having a team to back you up can give you huge peace of mind. Every landlord’s team will look a bit different depending on their requirements. A Landlord Tenant Lawyer can settle the agreements and conflict between Landlord-Tenant. www.moldovanlegal.com

  3. 3. Screen Your Tenants If you’re serious regarding handling your rentals like a business, then screening probable tenants is necessary for keeping safe your investment. Tenant screening will give you background details on your applicants to assess their risk to your business. 4. Keep Expenses Organized Being a landlord comes with cost. But did you know numerous of these expenses are tax deductible? If you buy parts to make a repair, you can subtract the entire cost of the repair that year. If you make an improvement(like a new appliance), your subtraction will be scheduled over the course of some years as the value of the upgrade depreciates. www.moldovanlegal.com

  4. Thank You! www.moldovanlegal.com

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