All Forum Posts by: Peter Anderson

@Ronald Mejia yeah you’re right! I’ve been local to Norwalk and Stamford my whole life and agreed, its not what it used to be. I own and manage a few properties in Stamford.

@Ronald Mejia its a great time to own property in Stamford! You should buy again if the deal makes sense. Rents are strong and the city is growing... long hold

@Emmett Freedman yeah I dont trust Zillow. Google ‘connecticut judicial foreclosure’ and you’ll find the real list across CT by town (if you haven’t already).

Im not sure what metrics Zillow actually uses to highlight pre-foreclosures (if anyone knows please chime in), but perhaps delinquent payments of some type that hit public record. I wouldn’t be surprised if there’s an uptick in delinquency right now, but don’t forget evictions and foreclosures are largely on hold.

@Mark Leclair what do you have in Stamford?

@Emmett Freedman where are you seeing the foreclosures? Stamford market is booming with a ton of rental demand coming out of NYC.

@Geena Kooner - Welcome!

Stamford is an exciting market and a single family rental is a great place to start investing and begin sharpening skills. The large young-professional tenant population makes landlording easier than some other areas around us.

If you ever want to talk about investing feel free to shoot me a PM. I am a small investment focused broker/property manager operating in Stamford, Norwalk and Fairfield.

Good luck!

@Steven Kane i think those rents are low and representative of BPT overall. Black rock is a good area.

@Mathew Fuentes gas should be minimal if you manage leasing well. $300/year is plenty so long as a unit doesn’t sit vacant in the winter for too long.

@Mathew Fuentes if you are living there then you can work the gas bill into your personal budget. If you are going to have your tenants pay their own gas, $300/month is a lot to pay as the owner. I correlate utilities to my vacancy metric of 5%.

@Mathew Fuentes decent deal depending on how much work it requires. Are you budgeting $300/month for heat? Is it oil?