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Updated over 4 years ago on . Most recent reply
Soon-to-be Landlord concerned about No-Eviction Policy
I'm in Central, CT. My wife and I are saving for a first multi-family property.
I have two questions --
1. Should the "no-eviction" law prevent me from buying a 2 or 3 family rental in the next 3-6mos?
I am interested in foreclosures/short sales but the laws in CT greatly favor Renters already... and now with the new "no-eviction" laws, I am concerned that renters will intentionally not pay rent. Is that a realistic concern? I have been educating myself on real-estate investment for about a year and still have a lot to learn. I found BP through The Book on Rental Property Investing and I look forward to learning more!
2. What is the best way to find foreclosures in my area?
Thanks in advance for your help!!
Most Popular Reply

I am in an experienced property manager in a landlord friendly state and I am nervous about tenants intentionally not paying. It is definitely a concern. I have an email into my attorney to discuss other options for this. That being said, it's not stopping me from looking for more investments at this time. I would make sure you screen your tenants well and do as much due diligence as possible into the type of tenant you will be renting to.