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Updated over 10 years ago on . Most recent reply

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120
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Steve Candor
  • New York, NY
10
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120
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How is Landlording Connecticut? Landlord friendly?

Steve Candor
  • New York, NY
Posted

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?

Most Popular Reply

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George Paiva
  • Investor
  • Milford, CT
285
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592
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George Paiva
  • Investor
  • Milford, CT
Replied

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.

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