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Gerald Lucas

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Should You Buy A Rental For Your Kid To Live When They Go To College?, What You Must Do Before You Attend A Real Estate Auction, NJ Governor Signs FAIR ACT

August 4, 2026 Gerald Lucas

Should You Buy A Rental For Your Kid To Live When They Go To College?

Real Estate Tip:

Do your homework before going to and participating in a real estate auction. Decide in advance what the maximum allowable price you'll pay for each property you choose to bid on. Auctions encourage impulsive buying behavior. There's always someone dumb enough to pay too much for a property--better to let that person overpay while you live to spend your more wisely another day.

Real Estate News:

NJ Governor, Mikie Sherrill signed The New Jersey FAIR Act (Forbidding the Algorithmic Inflation of Rent Act, A3497) on July 20, 2026, that prohibits landlords and software companies from using non-public competitor data and pricing algorithms to artificially coordinate and inflate rental housing costs.

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Tags Gerald Lucas, real estate tips, real estate strategies, college, financial aid, property management, rental property
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3 Ways To Stop Wildfire Smoke From Damaging Your Home, Tip To Save On Your Home's Water Bill, How NJ Supreme Court Decision Empowers Towns

July 28, 2026 Gerald Lucas

3 Ways To Stop Wildfire Smoke From Damaging Your Home

Real Estate Tip:

Use low-flow toilets to reduce your water bill. Upgrading from an older 3.5-to-5-gallon-per-flush toilet to a high-efficiency model will use less water each time it flushes and can save a typical household around 9,000 gallons of water and up to $90 annually.

Real Estate News:

Municipalities in NJ will soon have more power to build senior housing and schools based on a New Jersey Supreme Court decision this month that changed the legal framework in place for approving projects.

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Tags Gerald Lucas, real estate tips, real estate strategies, wildfire smoke, HVAC
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How To Tell If A Home Has Structural Flaws, How Verification Is Key To Due Diligence When You Buy Property, US Home Sales Take An Unexpected Turn

July 21, 2026 Gerald Lucas

How To Tell If A Home Has Structural Flaws

Real Estate Tip:

In a real estate transaction, never accept important property information given to you verbally until you’ve confirmed it to be accurate (i.e., lease-verified rental income, vacancies, etc.)

Real Estate News:

U.S. existing home sales unexpectedly fell in June as house prices hit a record high and mortgage rates remained elevated.

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Tags Gerald Lucas, real estate tips, real estate strategies, home structural flaws, foundation cracks, structural engineer
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