Property Management Blog

Friday, April 22, 2022

Avoiding Fair Housing Claims and why a Property Management Company is so important
To summarize this long post, it is a fair housing violation for landlords to actually be conscious of the source of income type when making a decision to rent a property but once it is rented, we better recognize immediately that the tenant is disabled so we can make a reasonable accommodation to let him/her break the lease with zero noti...

Monday, March 21, 2022

The Psychology of Self Managing
A friend asked me to give a real estate talk recently about tips and tricks to self-manage real estate property for owner-operators.  That’s always an interesting concept; a property management company owner trying to give advice and skills to make their audience less likely to use them.  I recognize from my experience how...

Monday, March 7, 2022

Is there a better way to evaluate real estate?
Property Management Blog
People are generally in one of two camps on real estate, it's all about CAP rates or it's all about cash flow and the cash-on-cash return. It seems that neither is exactly correct, and neither is exactly wrong. When interest rates are really low or you can buy with close to no money down, cash on cash return seems to be ho...

Thursday, January 27, 2022

What the CT housing market will look like in 2022
I get asked on a daily basis what the housing market is going to look like in 2022.  In 2020 and 2021, when COVID was in full swing, I made a very non-committal response to this question; “Buy any property you want to hold long term and sell any that you do not.”  With the market so good, selling was a great option, ...

Thursday, January 27, 2022

The future of real estate!
Did you know that our tenants are raving fans of technology? Whether it is the ability to pay rent through our tenant portal or at CVS, 7/11 or Walmart, to put in maintenance requests with photos so we can get the right vendor out the first time, our emergency maintenance line to troubleshoot and triage emergencies right away (even at 2 i...

Thursday, November 18, 2021

How much is interest rates going to affect the affordability in the housing market due to inflation?
I have heard many people say that inflation in our housing market will lead to higher interest rates which will ultimately lead to an affordability crisis and a significant drop in housing prices.  I have not seen anything to quantify this so I decided to do just this; determine for a given interest rate, what the purchase price...

Monday, November 1, 2021

UniteCT – A Blessing and A Curse
Our property management company has been able to help many tenants struggling with the financial crisis.  To date, our company has collected $245,000 to help our owners, equivalent to a full month’s rent of our portfolio.  This has been a blessing to many but now is becoming a curse for the following four reasons.1. We hav...

Tuesday, August 11, 2020

Analyzing the reason behind the credit score
Did you know that not all credit scores are created equal? I like to tell the story of my all-time favorite tenant.  My favorite tenant had a credit score when I put him into a house I own of less than 600.  While frequently anything below 650 is a definite no for most landlords renting houses, I like to analyze the reason ...

Monday, June 22, 2020

Treating the problem versus the symptom
For you to be a great owner/landlord or property manager, you must learn the difference between treating the problem versus the symptom. When a tenant informs them of mice in the property, a good property manager will first get them to lay down traps and see how many are occurring and then treat the property with a professional when deter...

Friday, May 15, 2020

Surviving the Coronavirus
My mom had some sayings which resonate with me and my brothers especially during challenging times.  One saying is that, “It is not what happens that matters, but how you respond to what happens.”  Other famous sayings from our society is, “When life gives you lemons, make lemonade.” Too often, something...

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