All Forum Posts by: Mario B.

100%. I currently own and manage my own rentals and a few clients. I'm also real estate licensed and can help with rentals, maintenance, legal issues, evictions, 3am call, all that fun stuff you don't want to handle.

0 Votes

Westchester County, New York

Hey Patrick. I'm a full time property manager in NYC and I was previously the GM at the River Club and Hudson Park properties on the water front. I'd love to connect with you and help. Give me a ring 203.252.4965.

0 Votes

Westchester County, New York

I used Buildium before and liked it. Good onboarding team and reminders could be set for renewals, rent collection, etc.

0 Votes

Quote from @Debra Orringer:

Quote from @Mario B.:

Quote from @Sara S.:

Hello, I’m looking to start investing in CT and wanted to know what areas are cash flow positive and people have had a good experience managing. We live in Fairfield County and have seen a lot of appreciation in the area over the past few years we’ve been here making the numbers tough. Open to any advice on getting started and what’s worked for folks.

Thanks!

Welcome to BP Sara! I'm in Stamford, CT where I have cash flowing assets. New London, Groton, Bristol, and Torrington have been some hotter markets recently. Bridgeport is always an option as well and Waterbury, but they may require more hands on attention. There are some great rental property spreadsheets out there that can help you run numbers on any property, I utilize a few.

What would be your ideal cash flow? Would you be ok with 6% or 10%? Would you want $300 per month in cash flow or $1000? Once you come up with some goals of cash flow it becomes easier to find properties and you can quickly dismiss properties that don't fit your criteria.

I'm always open to help investors. Let me know if you would like to talk more offline. I self manage my properties and I have a handful of clients that I manage their properties.

Hey Mario,

I’m coming close to buying my first property but trying to do as much homework as possible. I am deciding between New Haven, Fairfield county and Hartford. Would it be ok to connect? I’d love your thoughts on those areas.

Yes, I’d love to help! I just sent you a message.

0 Votes

Norwalk, Connecticut

Quote from @Gervon Thompson:

@Mario Bellavia Hi! Yes, how can one contact you?

I just sent you my contact info to your inbox.

0 Votes

Quote from @Byram Heights:

Are people having hard time finding quality tenants ? I have a place sitting in the market for over 60 days now, that is fairly priced, but there has been absolutely no interest. Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

Hey Byram, I thought I had responded in your other thread when you sent the link, it looks like it didn't go through. In short, I think your place would rent faster if it were priced between $1800 and $1900. Your current price around $2200 has you competing with full service buildings with amenities. Check out www.apartments.com you'll see what I mean.

0 Votes

Stamford, Connecticut

Quote from @Gervon Thompson:

Hello, I’m on the verge of closing on a duplex in Stamford CT, looking for some guidance from those that have invested in and are familiar with this area. I want to know if I’m making the right decision.

Hi Gervon! Yes, great city to invest in! I'm born and raised in Stamford and own 2 properties. Let me know if you have any questions on areas of Stamford, rents, the market, etc. I'm a licensed realtor with Compass, happy to help in any way I can.

0 Votes

Quote from @Byram Heights:

The condo rental market in Stamford SUCKS if you are a landlord. Extremely high taxes and maintenance costs plagued by huge inventory sitting in the market.

I own a 1 bed 1 bath unit overlooking downtown from a huge balcony, 1 car spot and free heat and hot water for $2200.00 and it has been sitting in the market for 60 days now.

Hi Byram. I’m sorry to hear that. I own a studio at 700 Summer St. It’s never on the market for more than 2 weeks. If you would like to talk more offline I can help give to some ideas or suggestions.

0 Votes

Stamford, Connecticut

Quote from @Gaetano Ciambriello:

Quote from @Mario B.:

Hey @Gaetano Ciambriello how do you recommend getting visibility with student housing? I have a client that just closed on a 3 family in Danbury and has an incredible 2 bed 2 full bath for rent. I saw Western is right down the St. I'm also trying to see if I can get them on a mobile nurse list, another great demographic that's short term and will pay a premium. Thanks in advance!

Hi @Mario B.! Have them visit campus and talk to Res Life, ask them for help. Check out websites such as Jump Off Campus.

My man! Thank you, I will!

0 Votes

Quote from @Alex Rivera Jr.:

Anyone invest in CT and know which markets in CT to look into and which to avoid? Any kind of help is much appreciated.

CT is huge! It really comes down to your level of risk, how much you want to spend, how knowledgeable you are with the area, and if you want to be hands on or hire a property manager. For example, I just closed on a turn key 3 family in Danbury last week. Demographic is a bit more challenging for rents, but there is cash flow to be made. You go somewhere like Stamford, Norwalk, Fairfield county, etc. you will pay more/less cash flow but higher rents with higher income professionals being so close to NYC. Happy to jump on a call if you want to talk more.

0 Votes

All Forum Posts by: Mario B.

Mario B. has started 4 posts and replied 155 times.

Post: Looking to Connect with PMs in Yonkers area

Post: Looking to Connect with PMs in Yonkers area

Post: CRM Software for Property Managers

Post: New to CT Investing

Post: Buying property in Stamford Connecticut

Post: How's the rental market in Stamford,CT?

Post: Buying property in Stamford Connecticut

Post: Condo market in Stamford, CT

Post: Student Housing PROs and CONs

Post: Best & Worst Markets in CT