Who Handes Utilites and Insurace Payments in a Lease in New Jersey
This blog outlines key considerations for real estate investors managing single-family homes in New Jersey. It covers mortgage and rental projections, estimating monthly expenses and potential rental income. Tenants typically handle utilities if the property has separate meters, while landlords are responsible for property insurance, though renters can be required to carry renter’s insurance. The article highlights the long-term goal of capital appreciation and cash-out refinance, emphasizing proper cost management during the early years of property ownership.