All Forum Posts by: Stephanie Cabral

Help! I got a call today from a concerned neighbor telling me that the tenants leave their dogs outside, sometimes for days, without water. They bark at all hours of the night causing a nuisance and they escape and roam the neighborhood. Apparently the cops and/or dog warden have been called 4-5 times on them. I'm not sure why this is the first I'm hearing about I'd appreciate suggestions. FYI, I volunteer for a dog rescue and don't agree with how they treat the dogs, but I haven't seen the abuse first hand. Do I approach this from the abuse perspective? Disrupting the neighborhood? Or is there perhaps a standard landlord tenant law that might be helpful here?

Best,

Stephanie

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Hi all, put these important dates in your calendar and join us at the upcoming Rocky Hill/Greater Hartford REI Bigger Pockets Meetups:

• Wednesday, June 21st
• Wednesday, July 19th

As always, the format is as follows:

We meet at 7pm at the Wood N Tap in Rocky Hill, pause for introductions at 7:30, followed by more mingling.

Everyone's welcome, from newbies to the seasoned investor. To get the most out of the meeting, come prepared to share your experience, what you're looking for, and what you can contribute.

The meetings are free but I do ask that you buy a drink or some food (or both) and take care of the server so the restaurant will continue to let us reserve and use the back room for free.

I hope to see you there!

Best,

Stephanie

Thanks @Jonathan Makovsky. 

Hi @Francisco Perez - I hope you join us at the Meetup in Rocky Hill. We meet the 3rd Wednesday of every month. Our next meeting is June 21st at 7pm. Send me your email address if you want to be added to the distribution list. 

I agree, being able to estimate is crucial to getting started. While you're searching for and vetting your contractors, a good place to start would be an agent who has done a lot of investing and rehabbing themselves to help you do some ballpark estimating. 

Hope to see you on the 21st!

Join us tonight, Wednesday, May 10, for the Bigger Pockets Rocky Hill/Greater Hartford, CT REI Meetup.

We'll meet at 7pm at the Wood N Tap in Rocky Hill, pause for introductions at 7:30, followed by more mingling.

Everyone's welcome, from newbies to the seasoned investor. To get the most out of the meeting, come prepared to share your experience, what you're looking for and what you can contribute.

The meeting is free but I do ask that you buy a drink or some food (or both) and take care of the server so the restaurant will continue to let us reserve and use the back room for free.

See you tonight!

Stephanie

Hi all, put these important dates in your calendar and join us at the upcoming Rocky Hill/Greater Hartford REI Bigger Pockets Meetups:

• Wednesday, May 10 (this is next week, NOT the 3rd Wednesday due to a conflict)
• Wednesday, June 21
• Wednesday, July 19

As always, the format is as follows:

We meet at 7pm at the Wood N Tap in Rocky Hill, pause for introductions at 7:30, followed by more mingling.

Everyone's welcome, from newbies to the seasoned investor. To get the most out of the meeting, come prepared to share your experience, what you're looking for and what you can contribute.

The meetings are free but I do ask that you buy a drink or some food (or both) and take care of the server so the restaurant will continue to let us reserve and use the back room for free.

I hope to see you there!

Hi Dave, welcome! Don't forget about the meetup group I host in Rocky Hill at the Wood N Tap each month. We have newer investors as well as the more seasoned investors. Everyone's very open to sharing and takes something out of the meeting.

It's usually the 3rd Wednesday of the month but this month it's next week, May 10th. I hope you can join us.

Also, here's the connection to @Jacob Reilly, who hosts one in Manchester, and @Jonathan Makovsky, who hosts the Fairfield one. Of course, you're welcome to start your own but hopefully you come check ours out.

Best,

Stephanie

Last minute reminder that we are meeting tonight at 7pm at Wood N Tap in Rocky Hill, CT.  This meeting is appropriate for newbies and the seasoned investor. Come to make connections, learn, inspire, get inspired, and change your perspective. 

We'll pause for introductions around 7:30pm and share who we are and what we want to get out of the meeting and what we can offer others in the room.

While the meeting is free, you should purchase a food/drink/both to make sure we can keep having these meetings at no cost.

See you tonight!

Thank you @Michael Le, @Matt H., and @Vitaly Lunev. This is great info.

From what I'm hearing, this looks like a promising opportunity, as long as the market can bear higher rents than currently being charged. Without checking the comps yet, I'm inclined to believe it will since the building has had 98%+ occupancy for the recent history , similar to local occupancy rates, and the mechanicals and building envelope have all recently been updated, I believe there's some room for increases with some cosmetic updates.  Will confirm with comps. 

The rent roll shows annual leases, each for different programs, and there's been no mention of a contract on the building by the agent so I don't believe there is one and instead this would entail an annual inspection for each unit. Is my understanding correct that the annual inspections allow for greater opportunity to incrementally increase the rents?

Is the refi process on an apt building with affordable housing tenants much different than market rate?

@Matt H.What do you wish you had known when you first started in affordable housing? Or what's been your best strategic move or accidental success?

Hi all, I'm reviewing a potential MF deal and looked at the rent roll. 100% of the units are affordable housing of various programs, including Section 8. I was surprised to see that all of the rents are substantially less than the FMR that HUD would allow for this city. Is the FMR the number that all landlords to section 8 tenants could collect or is the FMR a MAXIMUM amount of rent you could collect, meaning the program would establish the rents for each individual apartment based on the condition? Also, if someone could point me towards a resource for getting a Section 8 contract for the entire building, I'd appreciate the early-stage guidance.

Best,

Stephanie

Hi all,

I've scheduled the next few meetings with Wood N Tap and am sharing the schedule now, well in advance, so you can put the meetings in your calendar.  So, on

• April 19th;
• May 10th (this is not the 3rd Wednesday but the 17th was booked);
• June 21;
• July 19;

join us for the March Bigger Pockets Rocky Hill/Greater Hartford, CT REI Meetup at Wood N Tap in Rocky Hill. We'll meet at 7pm, pause for introductions at 7:30, followed by more mingling. Everyone's welcome, from newbies to the seasoned investor. To get the most out of the meeting, come prepared to share what you're looking for and what you can contribute. The meeting is free but I do ask that you buy a drink or some food (or both) and take good care of our server so we can continue to get the room for free.

Hope to see you all there.

Best,

Stephanie