Looking into CT

[Jeff Sacco]

Hi All,

I recently sold a duplex I owned in Massachusetts after dealing with a tenant-from-hell situation. Thankfully, I still netted a solid gain. Now I’m on the hunt for my next investment. Connecticut has been on my radar for a few years and now Hartford is where I am spending much of my research time on after hearing Dave Meyer speak about it on a recent episode.

I wanted to reach out to see if there are any CT-based investors here willing to share their insights. A few questions I have:

• How landlord-friendly is Connecticut? I know no state is worse than MA, but curious how CT compares in terms of eviction process, regulations, rent control, etc.

• Any strong investor-friendly realtors you’d recommend?

• How about property managers? I have one in mind but would love to hear other recommendations.

• What’s tenant demand like in your market? And what has your experience been with tenant quality?

I’ll definitely be doing my own deep dive, but figured I’d start a conversation here in case anyone has valuable on-the-ground experience that I won’t find in the data.

Thanks in advance!

[Kevin Jo]

Not keen on Hartford to start, better opportunities elsewhere in CT. CT is also tenant friendly when it comes to evictions and the process takes alot longer than it is supposed to. Courts are always behind. In my opinion the shoreline has better growth and tenants. There is more business growth as well in the New London to RI line because of EB, Sub Base, General Dynamics, etc. Lots of construction, good schools. The casinos(Mohegan and Foxwoods) have strong employment for now which offers good tenant pool(most of the time). I don't invest in the Southern part of shoreline near New York so Im not familiar with their offerings but from Madison through the RI border is solid and my properties have done very well.