Spindrift Associates Times

CVS HealthHub and Care Concierge. Photo Courtesy of CVS Health  Highlands - CVS has completed renovation of their store to include a HealthHub, which can provide expanded medical care to customers. Acute and chronic conditions can be managed at the CVS HealthHub by both nurse practitioners and physician assistants. This is a fantastic addition to Highlands and convenient to our property The Beach House . Learn more about the CVS HealthHub . 

 New Jersey is poised to mandate that landlords accept rent payment by credit card. The bill awaiting signature by Governor Murphy will give tenants another option to remain current with their rent. Fees associated with credit card processing will be added to the amount due as rent.  The COVID-19 pandemic has accelerated change in all facets of life, and residential leasing is no exception. Although accepting payment by credit card will be a technological hurdle for some apartment operators, it might improve collections during a time when evictions for nonpayment are barred.  Renters should be aware that missed credit card payments can have a significant impact on credit score, and credit cards typically carry high interest rates compared to other loans. Nevertheless, credit cards might be a good option to help renters keep current with their rent. 

A sweeping eviction moratorium has been implemented across the nation, in addition to actions taken by states. Questions remain, however, as to the effects these actions will have on renters and owners alike. It seems almost certain that both parties will suffer negative consequences. Let's look at some of the issues further.  Few would argue that public health is of paramount importance during a pandemic. Safe housing is certainly a contributor to public health and welfare. The goal of the eviction moratorium is to prevent renters who are unable to pay rent due to financial hardship caused by the pandemic from being removed from housing. However, rent payment has not been waived or reimbursed by the government. So the rent will be due eventually, leaving many renters with insurmountable burdens. In addition, owners are deprived of rents while continuing to provide housing and other services to all tenants. There has been no reduction in taxes, utilities, or even inspections despit

Owning real estate, especially residential real estate for lease, is no small feat in New Jersey. There are layers of regulations that can entangle novice and experienced operators alike. Ultimately, the regulations help contribute to some of the safest and most desirable real estate in the entire country. We frequently turn to New Jersey Real Estate Attorney Blog  to help us navigate the issues surrounding real estate in New Jersey. We're sure you'll find it accurate, informative and insightful.