All Forum Posts by: Jeremy Hamel

Cap Rate isn't the only way to evaluate a property. What is your Cash on Cash return and with the current rents what is you % of cashflow and then do the same for proforma rents.

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In CT, a reliable handy person is one of the hardest thing to find. If you are hiring a PM they might have someone they use

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Originally posted by @Alex Corbishley:

We are not in Conn, but here is what I did to get a tenant to pay / move. We provided the tenants with 3 options; 1 - get on a payment plan - we absorb late fees and they pay a portion by Friday, 2 - be named in a lawsuit in small claims court for all of the rent owed plus late fees and served them when discussing options, 3 - move out in 2 weeks and we forgive the outstanding rent. They chose option 3, it is a variant of cash for keys. We tried working with them (5 adults in a 4br SFR) for two months to no avail, they simply chose not to pay. Also note that there is a moratorium on evictions where we operate.

This really good stuff. Thanks for sharing! I will try some of these.

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Originally posted by @Steven Foster Wilson:

Originally posted by @Jeremy Hamel:

Originally posted by @Steven Foster Wilson:

Originally posted by @Jeremy Hamel:

I have one tenant refusing to pay and isn't being very helpful. I purposed cash for keys but still waiting for her decision, if she stays what can I do?

Have you asked her why she is refusing to pay rent? You can always go through with an eviction, depending on what area of the country you are in.

She's in tough spot and her boyfriend moved out and she can't afford it. I'm in Connecticut and we have a freeze on evictions until October

Now youre in the tough spot. Try to see if she can pay Oct rent. If not, how much can she afford, if nothing at all then you may need to follow through with the eviction in October, but see if she can afford even just a little for the time being.

So I tried to working something out with her, she can't afford even 100 dollars. Her last check was for 300 dollars and she cant even pay her bills fully. I'm trying to let her know that she just digging into a bigger whole and needs to look to downsize. The apartment is to big for her and her daughter any ways.

This week her fridge went bad, so I replaced it in less the 24/hours and wants me to pay her 75 for lost food. So it's very frustrating to me

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Originally posted by @Steven Foster Wilson:

Originally posted by @Jeremy Hamel:

I have one tenant refusing to pay and isn't being very helpful. I purposed cash for keys but still waiting for her decision, if she stays what can I do?

Have you asked her why she is refusing to pay rent? You can always go through with an eviction, depending on what area of the country you are in.

She's in tough spot and her boyfriend moved out and she can't afford it. I'm in Connecticut and we have a freeze on evictions until October

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I have one tenant refusing to pay and isn't being very helpful. I purposed cash for keys but still waiting for her decision, if she stays what can I do?

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I don't have any property in hartford, but know the area well. The closer to west hartford the better, south of the 84 highway is good, south hartford near wethersfield best bang for you buck, north gets a little scarier.

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Hi Bud,

I recently been investing there. @Michael Doherty has been a huge help and knows the area well. Let me know if you have any questions.

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All Forum Posts by: Jeremy Hamel

Jeremy Hamel has started 1 posts and replied 8 times.

Post: Thompsonville, Enfield Cap Rate

Post: Looking for CT Handyman/Contractor

Post: Tenant Isn't Paying - What can we do

Post: Tenant Isn't Paying - What can we do

Post: Tenant Isn't Paying - What can we do

Post: Tenant Isn't Paying - What can we do

Post: Investing in the city of hartford.

Post: Looking to Connect with New Britain CT, Investors.