Colts Neck NJ Real Estate: Focus on Single Family Homes for Rent

Back in the day, the halcyon days of Colts Neck real estate when the largess of executive estate builders made the Great Gatsby era look like The Grapes of Wrath, local landlords and investors enjoyed enviable liberty.

They charged, mostly, whatever they wanted to tenants and eager tenants, mostly, paid.

Why?

Because the tenants needed access to the Colts Neck schools, the small town community and the local shops while the developer finished their new mansion.

(Back then "mansion" lacked today's negative connotation. To be fair these enormous homes come with a large property tax bill that subsidizes smaller Colts Neck home values.)

Today landlords are much more realistic and motivated to rent an empty Colts Neck house. Of the twelve (12) Colts Neck MLS listings of homes rented through the Monmouth Ocean County MLS(c) system this year
the lowest home rented for $2,500 per month; the highest at $5,500.

The average rent of a single family Colts Neck home featuring four bedrooms and three baths is between $3,300 and $4,500. I'm describing an older home built between 1960 and 1980; newer homes can rent for as high as $5,000 and up.

Lease Provisions -- Every Element is Negotiable

The tenant can expect to pay for utilities (electric, gas) and possibly lawn care and snow removal. Just like with a purchase, all terms are negotiable.

Same applies to the term or the length of the occupancy. Many landlords are considering shorter term rentals (at least one year) although the Colts Neck rental market is not a seasonal one. There's no beach or boardwalk here. Instead of riding the Tilt-a-Whirl you can saddle up on a pony.

Now if you're planning to rent a Colts Neck, New Jersey 07722 home the typical documentation includes (a) credit application or recent credit report, (b) completed lease agreement and (c) security deposit. In the state of New Jersey the maximum is one-and-a-half times the base month rent.

Summary
Are you a landlord, property owner or real estate investor who needs an experienced Realtor to rent your Colts Neck home or horse farm? Perhaps you're a corporate relocation client or a potential tenant looking to rent a Colts Neck single family home?

I have experience on both "sides" of the lease and appreciate the opportunity to represent you with your Colts Neck New Jersey real estate needs.


Andrew J. Lenza ABR GRI MBA, Broker Associate
Weichert, Realtors
43 East Main Street, Holmdel N.J. 07733
Office (732) 946-9400 Extn 223
Mobile (732) 580-0822


Weichert, Realtors ... Yellow i$ the New Green!