Changes to the LBI Real Estate Rental Market
New Long Beach Island Real Estate Rental Rules 
New Long Beach Island Real Estate Rental Rules 
New Long Beach Island Real Estate Rental Rules
Long Beach Island NJ Real Estate
The LBI real estate market offers a lot of opportunity for homebuyers, especially in the rental market. LBI has a strong and reliable summer rental industry that can help to offset the costs of owning a home on Long Beach Island. If you currently have a rental property or are considering buying a rental investment, it is important to keep up to date with the changes in the market. Recently a law was passed that mandated additional inspections for all summer rentals. New Long Beach Island Real Estate Rental Rules can have an immediate impact on your LBI summer rental property and all homeowners should take note of these changes. As an additional reference the Ocean County Fire Marshall’s phone number is 732-929-2088
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
New Long Beach Island Real Estate Rental Rules
2019 has seen a few changes to the Long Beach Island summer rental market. While the new sales tax that was imposed on all short term summer rentals has been controversial to say the least, this less publicized change should not be ignored. Basically all summer rentals must apply for and pass a physical inspection of the home. This inspection must be done before any lease or rental takes place. While any homeowner on LBI looking to make such an application should contact the Ocean County Fire Marshall directly at 732-929-2088 to make sure the everything is up to date, the general requirements are:
- A smoke detector(s) with a built in 10 year battery (9 Volt batteries will not be acceptable)
- A carbon monoxide detector(s)
- A 2:A10:B C or larger fire extinguisher
- A physical inspection of the property and the appropriate fee paid
As I mentioned above, you should contact the Fire Marshall directly to obtain specific requirements for your home. Regardless all owners of rental properties must adhere to this new rule. The inspection will be required each year.
Long Beach Island Real Estate Rental Properties
When looking to buy a home in the LBI real estate market it is important to keep up to date on all the rules. This is especially true if you are planning to rent your home out as this can carry additional liabilities with it. Buying a rental property in the Long Beach Island real estate market can prove to be an excellent investment and offset other investments in one’s portfolio but they do require some work and maintenance. This is but one example of the responsibilities of being a landlord or landlady on Long Beach Island. That said, there are excellent rental investment opportunities so if you are considering buying a home in the Long Beach Island real estate market I can give you advice on how to handle such an investment. For more information about these New Long Beach Island Real Estate Rental Rules or about the LBI real estate market please do not hesitate to contact me.
As an additional reference the Ocean County Fire Marshall’s phone number is 732-929-2088
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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