The Life of a New Jersey Property Manager and Realtor - Episode 13
Tverdov Housing is a New Jersey real estate company founded in 2014 that offers property management, realtor services and construction management in Middlesex, Somerset, and Union County. If you would like to learn more about us and what we deal with on a day to day basis, you can follow this series!
Recap of Last Week:
–A lot has happened at 214 Easton Ave since our last post. We re-framed the entire front porch from footers to roof. We installed store front glass windows and door, laid down all of the decking and railing on the porch, re-framed part of the future waiting area of our office space, and installed siding on 50% of the property. What I underestimated when renovating this building, is the amount of foot traffic! I have gotten so many compliments on the work that is being done to the building and I know this location is going to be a home run for our business for years to come!
-Last week was a property management maintenance issue for the ages. To be succinct, PSEG (the power company in this area of NJ) installed a telephone poll at one of our properties. When they installed the pole, they cracked the main sewer line going to the street. Our tenants who live in a finished basement smelled something awful coming from the unfinished area and there was sewage everywhere. The sewage was seeping into our french drain and getting pumped out through a sump pump. So sewage was all over the lawn and sidewalk! When we had a plumber come to snake the line, they discovered what happened to the sewer line.
As frustrating as this sounds, I was actually calm about it because I knew PSEG was responsible to fix it, not the home owner. So the cost was minimal. PSEG moved the telephone pole, fixed the cracked sewer line and we had the sewage all cleaned within a week. Now to file a claim with PSEG for back pay for the plumbing bill and clean up...oh and likely a new sump pump as well. Ahh, life as a property manager.
Two of our real estate deals are getting set to close at the end of this month, 90 Howard St and 62 Mitchell Ave. Both in New Brunswick. I will be very relieved when both are closed as they have been a very heavy lift. Don't think realtors have it easy! Sometimes these transactions can be awful to deal with.
Items to Do This Week:
-On the construction management side, we are making a punch list for our Somerset flip. It looks beautiful and I hope to have everything complete by the end of the week. The end often takes the longest because you have lots of little things you want to take care of, especially before listing a property you just flipped.
-On the property management side of the business, we are preparing three different houses for move in's at the end of the month. We rented a handful of apartments for October 1st within a week and we are nearly at 100% occupancy for our company. Our goal is 95%. A lot goes into these turnovers but things are going pretty smooth.
If you want to follow what we do day to day, check us out on Instagram: @tverdovhousing
Until next week!