THEHBBGROUP
RENTER'S GUIDE
Creating remarkable real estate experiences, supporting remarkable people, and achieving remarkable results
YOUR WAY HOME Welcome to The HBB Group
MISSION STATEMENT
The HBB Group, Realtors
The HBB Group strives to deliver best in class and exemplary service to our clients when it comes to all things real estate. We feel that expecting anything else from your real estate professional is unacceptable.
Our team works constantly to improve our process using world-class technology, strategies, and services to deliver the results our clients expect and deserve.
Our highest ambition is to provide the best service in the industry. Service to add value and exceed the client’s expectations. Service worth telling others about!
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MEET YOUR TEAM
TEAM LEADS
AGENTS
OPERATIONS
Jeff Bonk Realtor/Owner @jeff bonk Danielle "Red" Bonk Realtor/Owner @redbonk Emma Chelstowski Director of Operations @therealtoremma Alex Staunton Realtor @stauntona Connie Bihuniak Realtor @conns5 Carmela Meschino Realtor @meschinocarmela Meghan Perih Realtor Luxe Rental Specialist @meghan perih Justin Braverman Realtor @justin braverman Kelly Naughton Realtor Florida Specialist @namaste agent Michael Ash Realtor @mikeashrealestate Medily Nadonza Listing Coordinator Charisma Hermosa Transaction Coordinator Lori Kadezabek Marketing Director Michael Bartol Realtor Listing Specialist @nohurealtor Ayra Martin Director of Transaction Management Brian "Roley" Riolo Realtor @brianriolorealtor Betsy Kuhnau Realtor @thebetsyrealtor Whitney Thomas Realtor @whittthomas Sarah Hoffman Realtor @sarahhoffman realtor Todd Filipps Realtor @toddfilipps realtor- 3 -
Serhat "Seth" Okdemir Realtor @sethokdemir
Connect with a Realtor Get Everything in Writing Change Address Where Needed Gather All Paperwork and Submit an Application Address Repairs Congratulations! Don't forget to leave us a review! Determine Rental Criteria Introduce Yourself to the Landlord Secure Reliable Movers Carefully Review and Sign the Lease Secure Rental Insurance Search for Rental Properties Move-in Inspection with Landlord Move In Submit Needed Checks Setup Utilities 1. 7. 13. 4. 10. 16. 2. 8. 14. 5. 11. 3. 9. 15. 6. 12. - 4 -
THE PATH TO YOUR RENTAL PROPERTY
LANGUAGE TO NOTE
KEY TERMS
Application:
A document a potential tenant fills out so a landlord can decide if they're qualified to rent the apartment
As-Is Condition:
The tenant agrees to rent the apartment in exactly the condition that it's currently in.
Broker:
A broker is a professional agent who works on commission and helps negotiate lease agreements between the landlord and the renter.
Certificate of Occupancy:
A certificate that verifies the spaces available for rent have been inspected, approved for occupancy and deemed as a quality place to live
Common Area: Areas of the apartment complex such as the gym, laundry rooms, clubhouse and outdoor spaces that are for common use.
Landlord:
The landlord is the owner of your property, or an agent of the owner, who leases out the apartment
Co-Tenant:
Co-tenants are two (or more) people who sign the lease with the intent that both or all will occupy the apartment and be equally responsible for rent and other lease provisions. Co-tenants have equal and shared accountability and legal rights under the agreement.
Eviction:
The formal process where your landlord terminates your lease and asks you to vacate your apartment in a period of time decided by local laws and statutes. You can be removed from your apartment for failure to pay rent or breaking the other terms of your lease.
Co-Signer:
A secondary signer of your lease who won't be residing in the apartment, a co-signer is usually needed when the tenant has a short or poor rental or credit history and requires someone (usually a parent or employer) to vouch for them
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LANGUAGE TO NOTE KEY
TERMS
Lease:
A residential tenancy agreement, a contract between you (and your co-tenants) and the landlord or owner
Lien:
The right of a landlord to keep possession of a renters property until a debt has been paid.
Rent:
An amount of money you and your landlord have agreed on in your lease for you to pay on a regular and constant recurring basis
Prorated:
The amount of rent charged to a tenant when the first or last month of a lease is less than a full month.
Renewal:
The option the tenant has to continue living in the apartment after the initial term of the lease is over.
Utilities:
Utilities can include cable, heat, water, electricity, internet, garbage removal, storage, parking, natural gas, rental insurance, grill propane and sewer.
Security Deposit:
A security deposit is the extra sum of money you provide to your landlord upon signing the lease or moving in that proactively covers any damage you might do to your apartment or rent you don't pay during the term of your lease.
Tenant:
A person who enters into a lease and pays rent to occupy a space in an apartment or rental unit owned by another entity or person.
Month-to-Month:
A rental agreement that's automatically renewed at the end of each month, until ended by either party under the terms of the lease within a certain window of time.
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A complete understanding of your budget and how much you can afford is essential.
Brace for a Fast Pace
A skilled agent will do everything they can to help you stay on top of all possible opportunities.
Lean on a Real Estate Professional
A local real estate professional can help you consider the right levers to pull that might be enticing to a landlord.
Make a Strong, but Fair Offer
Use an agent as your trusted advisor to make a strong, but fair offer based on market value, local rentals, and demand.
Be a Flexible Negotiator
Your trusted real estate advisor can help you understand the landlord’s request and navigate the conversation, all while keeping your best interest at heart.
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9 QUALITIES LANDLORDS SEEK
Detailed application with necessary proof and referral contact details.
Good record with excellent references.
Respectful, understanding and easy to communicate with.
Never defaults on their rent, always pays rent timely.
Is accommodating with access needs during tenancy.
Cares about where they live and takes pride in take care of the property
Communicates maintenance issues that require attention.
Maintains the rules and terms of the lease agreement.
Wants to renew the lease, possibly for long-term tenancy.
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APPLICATION PROCESS
NEEDED TO APPLY:
Application HBB Rental Application Form (jotform.com)
Photo ID
Employment Verification (landlords look for income that is 3x the monthly rent)
Last 3 paystubs
Offer letter if you just started a new position
W2/tax return if self-employed or contractually employed
Credit Score - (landlords look for credit scores to be over 700)
Screenshot copy of your score with your name for verification
Most landlords require a full background and credit check which can be run through the NTN, you can use the link here
Personal statement - this is not necessary, but I think it helps them get to know you as a person rather than just your number
NEEDED TO SIGN THE LEASE:
1st months rent
Security Deposit (1.5 months rent)
Brokers Fee (1 months rent)
POTENTIAL ADDITIONAL FEES:
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TEN TERMS TO INCLUDE
Rental Property
1. Names of All Tenants and Occupants 2. Description of Rental Property 3. Term of the Tenancy 4. Rental Price 5. Security Deposits and Fees 6. Repair and Maintenance Policies 7. Landlord's Right to Enter
8. Rules and Important Policies 9. Contact Information 10. Required Landlord Disclosures IN YOUR LEASE OR RENTAL AGREEMENT
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HAVE YOU EXPLORED THE OPTION OF BUYING? YOU
MAY BE SURPRISED
BUYINGAHOMEMEANS CONSISTENTMONTHLYPAYMENTS
Rentshavebeenrisingaggressively fordecades
Homebuyerscanlockinaset monthlypaymentfor15-30years.
HOMEOWNERSHIPHELPSBUILD YOURWEALTH
Rentershavesubstantiallylowernet worththanothers.
Whenyoubuyahome,yourmonthly paymentsbuildequityand,by extension,yournetworth.
OWNINGAHOMEGIVESYOU MOREFLEXIBILITY
Rentershavelimitedoptionsto customizetheirspace
Homeownerscanmakedesign changesandupgrades.
63% of people list Flexibility to Do What You Want with the Space as a reason to own!
Sources: Census, Federal Reserve
1990 1995 2000 2005 2010 2015 2020 $1,500 $1,000 $500 $0 Average Household Net Worth Renter Homeowner $6,270 $254,900 Median Asking Rent Since 1990
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RENT VS. BUY FINANCIAL BREAKDOWN
Rental Assumptions Purchase Assumptions
Monthly Rate: $2,000
Annual Insurance: $500
Purchase Price: $350,000
Down Payment: $35,000
Annual Property Tax: $5,000
Monthly HOA dues: $150
Annual Insurance: $750
Loan Term: 30
Interest Rate: 4.9%
Cumulative Costs of Renting and Buying RENT $988,633 BUY $507,158
Over the term of your 30-year evaluation period, you will save $481,475 by buying instead of renting
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REMINDERS
What will it cost to break the lease?
Don’t overlook parking!
Should you have renter’s insurance?
Everything is negotiable.
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MOVE-IN INSPECTIONS
Drawers and Cabinets
Heating and AC
WHO:
New tenants
Counters and Surfaces
Sinks and Plumbing
WHAT:
Any repairs needed & overall condition of property
WHERE:
Inside the rental property
WHEN:
At the start of each new lease
WHY:
To establish a baseline in case of future tenant damages
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ACHIEVEMENTS
THE HBB GROUP, ESTABLISHED IN 2011
Over 1500 Families Proudly Served
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Brian Riolo has spent over 15 years studying our market, our area, and the very best strategies to effectively expose each home we sell to the most qualified buyers He employs the latest technologies to help ensure the highest price possible for each home he sells He stays at the forefront of the ever-changing real estate business through continuing education and coaching. Through his extensive network of local and out-of-area colleagues, he has access to as many buyers and sellers as possible. A superior work ethic, discipline, and perseverance are his greatest strengths. His colleagues describe him as professional, analytical, organized, extremely knowledgeable, and an excellent resource for all real estate needs.
Brian Riolo at EXP Realty proudly serves the real estate needs of residents in Hoboken, Downtown Jersey City, Jersey City Heights, Weehawken, Port Imperial, Rutherford along with Sea Girt, Spring Lake, Manasquan, Point Pleasant, Bay Head, Mantoloking and Seaside Park
- 16LET'S CONNECT The HBB Group | www.thehbbgroup.com
Your Hudson Tea, Hoboken and Hudson County Specialist BRIAN RIOLO (201) 253-5594 brian@thehbbgroup.com @brianriolorealtor facebook.com/brianriolorealestate
PREFERRED VENDORS
ATTORNEYS
PaulCacciuttolo,Esq
CacciuttoloLawLLC
1812FrontStreet
ScotchPlains,NJ07076
T:(908)663-2180
F:(908)663-2181
E:pc@cacciuttololaw.com
NicholasCherami,Esq.
CheramiLawPractice
236ANewarkAve
JerseyCity,NJ,07032
Office:201-413-9000
ncherami@cheramilaw.com
JayMcLee,Esq
134BrunswickStreet
JerseyCity,NJ07032
Cell:551-574-1610
e-fax:973-954-5523
jay@mcleelaw.com
ChiragPatel,Esq
ThePatelLawPractice
7800RiverRoad,Suite3
NorthBergen,NJ,07047
Office:201-880-7776
cnp@thepatellawpractice.com
ELECTRICIANS
EvanHouse
KellerElectric 9737752590
MichaelVolpe
AllCityElectrical 9084979977
LENDERS
BaretKechian
MortgageMasterInc
NMLSID:9411
Office:201-796-6441
Cell:201-755-6261
baret@loandepotcom
CharlesLomolinoIII
SeniorMortgageAdvisor
NMLS#1555502
115WestCenturyRoadSuite115
Paramus,NJ07652
DirectLine:201-674-3783
Fax:201-632-4856
Cell/Text:201-674-3783
RyanPaltridge
CapitalFirstMortgage,LLC
NMLS#-1916819
LoanOriginator
201.982.2103
ryan@capitalfirstmtg.com
wwwcapitalfirstmtgcom
PLUMBERS
George QualityPlumbing
2018325278
Steve S&BPlumbing
2017921184
HOMEINSPECTORS
DanielLin
FrankLinHomeInspections,LLC
Office:973-722-0892
franklininspection@gmailcom
JimLeedham
IndagoInspections,LLC
LicenseID:24GI00095600
24MountainAve
Hawthorne,NJ,07506
Office:973-885-6236
Fax:973-238-1170
jim@indagoinspectionscom
TerryDarling
HomeSafeInspections,LLC
LicenseID:NJHI#24GI00178900
Office:908-325-2600
Cell:908-499-0109
tdarling@homesafeinspectorscom
HVAC
Howard
Kook&Son
HowardKook
2016530219
RalphMichael KLBUltimate
2012861990
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PREFERRED VENDORS
GENERAL CONTRACTORS
AndyThompson ThompsonFineHomes 973.879.2598
GabeMckeever 2019218473
gabriel@mckeevercarpentryinc.com
JosePena DistinctiveCustomRenovations 2016633748
LarrySteimel LADesign&Construction 9738657146
RichieCheung HonorConstruction 9175596202
TomLachenauer LachenauerConstruction 2016506517
MOVER
PeterBuntzen
OzMoving 9172243673
peter@ozmovingcom
APPLIANCES
DesignerAppliances
973.559.0888
Reno'sAppliance 9732471860
INTERIOR DESIGNERS
KateSiegel KSHInteriorDesign 9737274849
NicolinaErato InteriorsbyNicolina YvetteMeehan YMIInteriorDesign 862.596.0163
YvetteMeehan YMIInteriorDesign 8625960163
ARCHITECT
JensenC.Vasil 12thStinHoboken (201)850-1055
www.jcvarch.com
JohnNastasiArchitects (201)653-2577
NastasiArchitects 321NewarkSt.,Hoboken
MarchettoHigginsStievePC (201)795-1505
MarchettoHigginsStieve Architects 1225WillowAve,Hoboken
PROFESSIONAL ORGANIZER
Lauryn LGOProfessionalOrganizing 201.575.6058
lauryngalda@gmailcom
FLOORING PROFESSIONALS
ChrisLinton C&MFloors 201.656.4775
JohnNichol HighlanderHardwood 973.349.8181
PAINTERS
JohnBeers Brushworks 2017251655
MichaelScarpati CuttingEdge
201.222.0080
Yuriy HobokenPainter 201.777.0067
yuriy@hobokenpaintercom
WINDOW TREATMENTS
NelsonOropesaJr K&MBlinds 7327421336
PeterChoi BudgetBlinds 2016376490
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The HBB Group | www.thehbbgroup.com
