All Forum Posts by: Samuel Eddinger

Good luck in Hartford proper.  Unless the property is big and/or you are only going to source Section 8 tenants, I think it is unlikely that you will get $1,700 to $1,900 per unit.  I also hope that you are adding a big bad debt and vacancy number to your underwriting.

Welcome @Damien Davis!  Experienced flipper, investor and property management company owner here.  Happy to have a conversation.  DM if interested.

Hey Kevin.  I do run a PM company in CT, but not in Willington or Hartford.  I'd be happy to have a conversation with you.  DM me if interested.

Welcome.  Happy to connect.  DM if interested in speaking.

@Yitzchak Khaimov - I'd be happy to have a conversation with you.  DM if interested.

Quote from @Byram Heights:

https://www.zillow.com/homedetails/444-Bedford-St-APT-4P-Sta...

Thoughts? I think it is fairly priced. Heat, and Hot water is included in the rent.

If it is on the market for that long with decent marketing as you have, it is overpriced.  I'd start slowly lowering it to drum up attention.  

Think about it this way.  In our crazy market if a property is on the market for that long when everything is coming off so quick, I'd be asking the question, what's wrong with that property?  I think a lot of people think like me.

Unfortunately it means that you are most likely mispriced or for some reason, people are not finding your marketing.  I'd check to see that your marketing is good first.  A lot of the sites will push you again to the top when you do a price drop so maybe drop the price like $25 or $50 every week or so until you get it rented.  The lost opportunity is worth a lot so lower your rents like every week or so.

Quote from @Mathius Gazi:

 Would you recommend using Tenant Tracks? I need to figure out how to go about this myself for a property in New Haven. Thanks!

I would absolutely recommend using Tenant Tracks.  I would also recommend understanding the new CT law so you stay in compliance.  I'd be happy to talk about it.  DM me if interested.

@Nicholas Frugale - CT just changed the law and their are very specific requirements about screening tenants and providing them a receipt which shows the amount paid for the screening report.  

I only know of one screening company, Tenant Tracks, that complies with all the CT laws surrounding this.  I'd highly suggest learning the CT laws and making sure the company you use is completely compliant.  As tenants get more savvy about these new laws, they are more likely to call legal aid if you do not follow those requirements to a T.  DM me if you want to discuss this more.

@Devin Peterson - Thanks.  @Wendy Thurst - happy to connect to introduce you to some of the main people that run events in the state.  We have a small but energized group here in the state.  DM me if you want to discuss more.