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All Forum Posts by: Mario Bellavia

Mario Bellavia has started 4 posts and replied 152 times.

Post: I want to help other Cleveland investors

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Nicholas L.:

@Sagar R. Parekh

just curious, where in CT do you invest?  I have 1 property in Stamford and looking to do more in CT within the next few years.


 I'm also in Stamford, 2 properties, would love to connect with you and learn about your experience to date in the area.  I'm also looking at Stamford for my next purchase or other areas, but I usually lean more towards class A/B.

Post: AI Broker and Team Leader! Thoughts?

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Rob Bergeron:
Quote from @Mario Bellavia:
Quote from @Rob Bergeron:

Brokers and Team Leaders: If there was an affordable and accurate Broker AI available that could help answer questions for you that would typically occupy your time. Would you be interested in purchasing? If so what would that be worth to you monthly? Imagine agents being able to take action much quicker with less need for your help. The AI would answer, if you wanted to add clarity to it you can and the next time someone were to ask the same question it would come back with your answer. Cool or nah?


 I see luxury apartment complexes starting to use AI chat boxes on their website.  I think for simple questions like office hours, address, pricing, etc. they're fine, but as a realtor I want to speak with my clients.    


 I see what you're saying. Imagine you're on the phone serving one, while others are needing to be served as well and quickly! Now, you can see the questions coming inbound, see the AI response. Can then as soon as you feel necessary, you can chime in with your own opinion or specific response. Guess what? You add that response to the FAQs and then it will respond the way you want every time after. It's truly incredible. Rolling it out! at our big meeting in February with a bunch of value add propositions. 


 Agreed, I think if I had full control of the responses I would be more opt to use it.  I was at the mercy of a 3rd party company that put in the responses based off what my company thought was best.

Post: Direct Mail Service companies?

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Omayra C.:

Hello,

I am looking for a direct mail service company that will print postcards with a handwritten font. Most of the ones I have looked at provide templates which is fine,  but I would like to edit the text. Which companies are investors  using for direct mail campaigns? I will be sending these postcards to multifamily owners. Thanks in advance.


 Try https://www.ballpointmarketing.com/real-estate-investor-dire... my broker has used them in the past. 

Hi Jay.  What is your current method for finding new tenants and marketing your rentals? 

Post: AI Broker and Team Leader! Thoughts?

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Rob Bergeron:

Brokers and Team Leaders: If there was an affordable and accurate Broker AI available that could help answer questions for you that would typically occupy your time. Would you be interested in purchasing? If so what would that be worth to you monthly? Imagine agents being able to take action much quicker with less need for your help. The AI would answer, if you wanted to add clarity to it you can and the next time someone were to ask the same question it would come back with your answer. Cool or nah?


 I see luxury apartment complexes starting to use AI chat boxes on their website.  I think for simple questions like office hours, address, pricing, etc. they're fine, but as a realtor I want to speak with my clients.    

Post: Cleaning the property between tenants

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Sunny Rajvansh:

Hello,

I have been thinking about this a lot. When a tenant moves out, they usually clean as per what they think is clean. There is always some things left behind. things like inside stove, refrigerator, inside the Owen, corners, some cabinet shelves, window frames some residue on the walls etc. I always find lot of things that could be cleaned better. And I always end up calling professional cleaning service to get a deep cleaning to ensure the tenant moving in does not complain about the property being not clean.

I am wondering is it really landlord who need to bare the cleaning expenses between the tenants? I have tried to deduct some amount from deposit to cover the cleaning fees, but some tenants were bitter about that. They say, they already spend so much time cleaning the place and now they don’t want to lose the cleaning fees from deposit. But again, its never in a condition that a moving in tenant would be ok. How do you tackle this situation? I am now thinking to include in my lease that the property has been professionally cleaning before the lease, so I recommend to have a professional clean the property before moving out. I am not enforcing to get professionally cleaned but I am only recommending. Your input and suggestions are greatly appreciated.


 One thing my property mgmt. company recently implemented was something we market as a concierge service.  We say something like, "if you would like to skip the cleaning of your home at move out, as we know you are very busy, we offer a cleaning service to help reduce the stress of moving out, it's $150.00 and includes all the cleaning, so long as the home is free of any over sized items."  This is exactly what are cleaners charge us.  If a couch is left behind, we need to have a company discard it, that would be a fee billed back to the tenant.  In CT you can't make money off a move out, you have to provide a detailed breakdown of charges when returning the deposit.  If your cleaner charges you $250, you can charge that back to the tenant, but you can't bill them back $350 and make $100, it's just to cover your cost.  Take a look at your lease, typically the home is to be returned as provided "broom swept".  If your cleaners however need to spend extra time on the stove, fridge, tub, etc. and they charge you back for additionally cleaning time beyond normal wear and tear, those are also charges you can bill back.

Be sure to return the security deposit within 30 days of move out.  

Here is a great info link on CT deposits https://portal.ct.gov/-/media/DOB/consumer_help_nonHTML/Rent...

Quote from @Lateefah Mathews:

@Steve T.

As a native of New Jersey currently residing in Georgia, I highly recommend considering Georgia. It's just a short flight away from both JFK and LaGuardia airports. Cities like Atlanta and Savannah, stand out for their stable market growth, making it an ideal option for the goals you mentioned.

Below, I've listed a few cities in Georgia that align with your criteria. These areas have considerably warmer climates than Connecticut during the winter, coupled with stable economies and strong rental potential. 

    1. Savannah 

    2. Tybee Island

    3. Jekyl Island

    4. Blue Ridge

    5. Atlanta

    Feel free to DM me for further discussion with the additional questions you have! 


 Blue Ridge looks attractive based off my search and pricing there.  What types of rentals do you suggest there?  What are some attractors that may increase the market there over time? 

Post: Certified Public Accountant recommendations

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Florencio Nayve:

Hello,

Anybody who could recommend a CPA who specializes in real estate investing in New Haven county, Connecticut? Thank you!

Florencio


 Hey Florence, welcome to BP!  Here is my CPA info 

Jeremy Kessler

203-515-8240

Steel Breeze Accounting & Tax, LLC
PO Box 1140 zip: 06856
42 5th Street
Norwalk, Connecticut 06855

Post: Pros and Cons of Partnership

Mario BellaviaPosted
  • Real Estate Agent
  • CT
  • Posts 160
  • Votes 72
Quote from @Sebastian Bennett:

Are there books or good literature on how to structure partnerships or how to select best partnerships to invest with?


 Here's a BP book on partnerships https://store.biggerpockets.com/products/real-estate-partner...