Rental

Downbeach Homeowners Face Higher Insurance Costs and Elevations

New Jersey just passed a law that requires rental property owners to file a copy of their liability insurance. You must prove that you have hazard insurance. Fines for non-compliance can be up to $1,000. At the recent Margate Commissioners meeting they discussed who’s going to enforce that law? The state or the municipality? Listen …

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Margate 3rd Floor Decks, Rental Insurance Mandates, Higher Homes

Time to finally modify Margate City ordinance. For past 3 years, Margate consistently approved variance applications for 3rd floor decks which are currently not permitted. 3rd floor decks: Not in back yards, only in front. Certain design criteria must be met. Must face street. No side or rear yard decks. Must be substantially smaller than …

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New NJ State Law Regarding Rental Properties & Businesses

A new, NJ state law was passed in August that requires all businesses and residential rental properties to provide proof of insurance to the municipality where they are located. The law goes into effect November 3, 2022. AN ACT requiring liability insurance for business owners and rental unit owners and supplementing Title 40A of the …

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Ventnor Considers One Week Minimum for Rentals

AirBnB’s and short terms renewals are make parking worse in the Downbeach area. Some say it’s negatively affecting the quality of life in Ventnor and Margate. There is no minimum rental period in Ventnor. You can rent a single Saturday night in Ventnor. Margate has one week, rental minimum. Watch video from AUG 11, 2022 …

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Downbeach Rental Properties Need Lead-Based Paint Inspection

Margate Commissioners planning to update rental property ordinances reflecting stricter rules regarding lead-based paint. New laws went into effect in July of 2022, mandating municipalities perform, or require landlords to certify there are no lead hazards to children in rental properties. LISTEN > Rentals must be inspected and/or certified every two years. Lead poisoning can …

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Taming Ventnor Short-Term Rental Chaos

Watch video. Ventnor Commissioners met on Thursday, July 14. Up for discussion: the good and bad of short-term rentals and construction code enforcement. Margate rental rules requires a minimum stay of one week. Ventnor has no minimum requirements for short term rentals. Will Ventnor increase the number of nights required for short-term rental agreements? Currently, …

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Downbeach Mixed-Use Real Estate Development Bolsters Business District

Planning and Zoning boards love stuff like this. Mixed-use Real Estate development. Commercial at street level, residential on top. Towns like Ventnor and Margate looking to slow the mad rush. Stop / slow the converting of retail properties into more lucrative, residential / single family homes. Bolstering Business Districts. Recent example: Former Delaware Meat Market …

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Ventnor AirBnB short term rentals

Atlantic City Short-Term Rental Growth Harming Lower Chelsea?

Atlantic City’s Lower Chelsea is the classic, ocean side neighborhood right next to Ventnor. Large homes and walking distance to the beach and boardwalk. Lately, Lower Chelsea has become quite popular with investors. Real Estate entrepreneurs are converting spacious homes into short-term rental operations. Carol Ruffo, president of Chelsea Neighborhood Assn says short-term rental properties …

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Downbeach Real Estate Webcast, Market at Peak?

Watch Downbeach Real Estate webcast with Sherri Lilienfeld of Apex Prime Realty. Excellent time to sell in Ventnor, Margate and Longport. Make sure to have good comps for optimal pricing of your home. Is the Downbeach market softening? Market indicators provide some clues. Avoid winter-only rentals if you plan on selling. High demand for summer …

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Ventnor Readies Short-Term Rental Probe

You’ve been warned. Ventnor homeowners who rent their properties using websites like AirBnB, will be facing increased scrutiny. Ventnor City Hall is fed up with those illegally renting out their shore homes. So much so, officials hired a digital detective to keep an eye on Ventnor rentals on AirBnB, VRBO, Homeaway, Craigslist, etc. To slow …

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Longport New Jersey downbeach news

Longport Considers Vacation Rental Challenges with AirBnB.

Mayor Nick Russo and the Longport Commissioners are reviewing the town’s rental ordinance and how home owners can rent their properties. Longport may want to limit certain short-term vacation rentals, especially those related to web-based programs like VRBO, Craigslist and AirBnB. Longport requires all homeowners who want to rent out their homes…. to have rental …

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New Short-Term Rental Taxes: Good News For Realtors, Bad News for AirBnB and VRBO.

Looks like those looking for a weekly summer rental in Margate or Ventnor are trying to avoid online rental sites like Airbnb, VRBO and Home-Away. These companies have been forced to tack on new fees for 2019. According to emerging reports, this could add up to $800 to your weekly rate. Your mileage may vary. …

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Ventnor AirBnB short term rentals

AirBnB and Short-Term Rental Homes in Ventnor To Face Stricter Laws

Ventnor resident Patrick Klein has a beef with a Ventnor AirBnB. Not all of them, just the crazy one right next to his family home at 404 North Dorset Ave. It’s a nuisance rental home. My biggest enemy right now. Klein starts to worry every Friday…. who’s gonna be my neighbor this weekend? Over 20 people …

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