How is Landlording Connecticut? Landlord friendly?

Question

I know Massachusetts is pretty long on the eviction process. How does Connecticut compare? Good cash-flow properties? Anything else you know about this state?

George Paiva · Answer

Tenant Laws are same as Mass which means not landlord friendly and if you run your RE business passively you will incur some hard lessons.  @Cameron Norfleet is right as I have had about 5 evictions now and they all ranged from 1.5 to 3 months.  Mostly 3 months if tenants drag it into court.  The professionals can easy pull 6 months in eviction courts.

Check it out - http://www.jud.ct.gov/lawlib/law/landlord.htm

As for cash flowing properties?  Mostly all relative as to what your risk tolerance.  Definitely not cash flowing in A and B class properties.  With C's you can pull around 10% and with D's you can pull 20% returns.  In war zones you can push a little more but those are areas require a lot of handholding as well as tough skin.

Feel free to PM me with any locations you looking at and I will give you the feedback from a landlords point of view.

Craig Bellot · Answer

Depends on the tenant really.  That's why screening is so important.  By the time I serve the summons, usually a week into the process, the tenant either decides to pay or move.  It hardly goes all the way through the entire eviction process.

Usually about a month on average I would say.

Cameron Norfleet · Answer

Thanks Ray, I've been reading the blogs for a few years now, just never got into posting. I love BP :-)

Raymond B. · Answer

@Cameron Norfleet,

Welcome to the Best Real Estate Site on the Net.

It is always nice to see another Ct., resident in the forums.

Click on the "learn tab" at the top of this page, and you could be spending many hours on the Information that is available.

Raymond

Cameron Norfleet · Answer

I've seen the process last anywhere from a month in a half to 3 months on average. As for cashflow, It's pretty much the same as anywhere else, it really depends on the price/terms when you buy. If you're looking for very inexpensive properties, Waterbury CT is the place to look.

How is Landlording Connecticut? Landlord friendly?

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