All Forum Posts by: Craig Bellot

If you invest in Trenton ensure you have a great Property management company or be prepared to visit often. 

A few investors have reached out to us in Connecticut who invested in Trenton deals that looked great on paper but their investment partner failed to service the tenants properly. 

Now they can’t collect rent.

If you signed one lease, they need to figure out who gets bought out of the lease between them.

Whoever stays commits to the full terms of the lease and pays full rent on time.

We had this situation in East Windsor, Connecticut.  Let them know that you will not be returning the security deposit if they break the lease early. They usually figure out what to do.

@Marek Narewski  What's the cost of conversion with drywall?  Most times it will make sense both from a rental and refinance standpoint to add another bedroom.  Additional rent will be at least $200 extra per month in Plainville Connecticut.

Try Larry Garfinkel.  He's based in Torrington Connecticut but will work with anyone in the state.

@Aesjah Eubanks is this for an investment property closing?

Time for a new property manager ASAP.  

Communication is the #1 attribute of a good manager.   Here in Connecticut we send out weekly reports of showings, inquiries and applications for vacancies.  

I'm sure you realize every day it sits vacant is costing you.  Cut your losses now @Mark Tabah

@Nicole Brodie You're welcome.

The strategy there as in all CT towns is to do the market research on the town, which companies are moving in?  Look at population trends.  Are more people moving in than out?

Subscribe to the business journal in that area to keep abreast of local business developments.