All Forum Posts by: Matt Dabek
Matt Dabek has started 8 posts and replied 39 times.
Post: How do you collect rent?
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Ray Peslar
You need to check with them to answer all your questions.
I like it but had few problems with connecting bank accounts at the beginning. Now it’s all set and money is in my bank within couple of days. Again, it’s free for tenants and me. It doesn’t have any background check option though.
Post: Small multifamily house hack vs partnership
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Kevin Dombrowski buy it fix it (raise value) refinance and use that money to buy another one. I did that 4 times within last 3 years in new Britain. I’m currently looking at another property while still renovating last two
Post: How do you collect rent?
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Mindy Jensen
I use zibo.co after moving from cozy.co. I didn’t like apartments.com. Zibo is free for me and tenants.
Post: Splitting Utilities (HVAC & Electrical) for Duplex Conversion
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Griffin Doninger
I guess it all depends on how much you want to put into it.
I would 100% add a meter and wash my hands from having to act as a electrical company as it may cause arguments between you and tenants on many levels.
I would also rip out the radiators and replace it with central AC/heating units as you have good access to both floors (from above and below). By doing so you could forget about any maintenance for years...but again it all depends on your budget.
Post: Zoning & Permit Requirements
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
http://newbritain.mapxpress.ne...
sorry, zoning map is on GIS server. From the menu top right corner pick zoning. Good luck.
Post: Zoning & Permit Requirements
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Griffin Doninger first of all I would start with zoning and which zone your property is. If it’s in 2 family zone I think you’re not gonna get far. Interactive map is on NB town website
Post: New Britain CT Market for Buy and Hold
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Michael Doherty no issues really... I just find them very outdated and I wasn’t sure if it’s easy to rent them out. I own properties built after 1950 and felt like it’s different kind of animal. But I guess it’s not. I did get few feedbacks that I should not worry about the age of the house but more of if it’s cleanliness and if it’s updated inside.
Thank you for your answer. It does help to hear your opinion.
Post: New Britain CT Market for Buy and Hold
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
Originally posted by @Michael Doherty:
@Ishmael Carter hey Ishmael, I own a few properties in New Britain. I think it’s a great area to invest for cash flow but you really have to know the area well. The good and bad areas really vary street by street. I’d be happy to answer any questions you have about the area and also any recommendations on investor friendly agents.
@Michael Doherty do you own any properties from 1920's? Is it easy to rent them in NB?
Post: Invest in single family house in New Britain, CT
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
Originally posted by @Filipe Pereira:
@Huy Pham is the house unique, weird, has a lack of parking, is in a bad area, or have small rooms?
If any of those answers are "yes" dig deeper. If not, I'd say you're probably in safe territory. I've found through our property management company - CT Property Management - that the best way to not get a unit rented is through a combination of the above factors!
Do you have any single family properties in NB in your portfolio?
Post: Investing in multifamily from 1900-1920
- Contractor
- Kensington, CT
- Posts 39
- Votes 16
@Steve Morris that makes perfect sense