All Forum Posts by: Anne Cullen

Hi everyone,

I bought a duplex last year in the hartford area with the intention of living in it for one year while fixing it up and then moving out and renting.  We've reached the renting part.

There's a number of qualified tenants, but some that have better credit/references would like to use section 8 vouchers, which inherently I have no problem with.  Does anyone have any experience as a landlord with section 8 in Connecticut?

Specifically how intense are the annual inspections? And are tenants able to make up a difference between the CT "fair market rent" and the true market average?  The CT voucher program says that the applications are closed but I imagine that is for the tenants?  Additionally, how long does it take to get approved as a landlord?

I.e. we have a 3 bedroom 1 bath on either side of the duplex.  FY 2022 Fair market Hud rate is $1610; Most comparable properties are currently renting for $1800.  Would the tenant be able to make that difference or is it that the cap for what you can get for rent?

Any insight would be appreciated! 

thanks!

 Thanks so much Allan,

Manchester seemed like a great option to us too.  Good to know we're on the right track.  I think our next steps are to take a drive through the area and get a feel for the neighborhoods.  Will definitely send you a message if questions come up! Thanks!

Hi Filipe!

Thanks so much for your information!  From what I can tell it looks as though some areas to sort of target/look for deals would be between north of 384 and south of 44, specifically west of 83 and then Around i84.  I took a look at crime rates/local food spots etc. in the area and those two geographical locations seem to be nicer parts of the city. I think our next step is going to be to take a drive through Manchester, get a boots on the ground feel.  Thanks for the feedback!!

Hi Y'all,

I am 29 and married.  My husband and I both have regular W2 jobs.  I work as a Nurse Practitioner, he works as a manager of sustainability for a large company.  We've grew up in southeastern CT and recently moved back. My new job will be in Manchester, CT/Greater Hartford area.  We're looking to house hack into our first rental unit by buying a 2-4 unit property as an owner occupant. We've looked at Manchester, it has quite a few multi-units coming available, the city has 6.5% growth and the median family home price is not exorbitant.  We're looking to stay between $180k-300K.  We both have excellent credit and are living rent free with family due to a medical emergency (not for either of us). Only debt is ~ 16k on a car loan. We've got about $30K saved as a downpayment outside of an emergency fund.  Does anyone have any experience with the area or thoughts on Manchester as a potential spot?  Anyone see any concerns with the fact that I've been seeing a lot of duplexes pop up for sale but can't find a lot of available rental units? Is this just seasonality? Or is there an exodus of landlords in the area?

Thanks in advance!