CT Real Estate Today - February 2024 Edition

In This Month’s Edition Pg. 08 - What Are the News Landlords Laws in CT: A Guide to Recent and Upcoming Landlord Laws

Pg. 10 - Is Connecticut a Landlord-Friendly State?

Buckle Up, It’s a Bumpy Ride

Pg. 20 - Defend Your Property: Join the PODL PAC at Serenity Woods!

Pg. 30 - What Are Considered Red Flags in Screening a Tenant?

February 2024

Published by:

Table of Contents Publisher’s Message A Message From Bob DeCosmo, President Of CTPOA

News And Views From The Capitol What Are the News Landlords Laws in CT: A Guide to Recent and Upcoming Landlord Laws

Realtor Report Is Connecticut a Landlord-Friendly State? Buckle Up, It’s a Bumpy Ride

Vendor Spotlight Law Offices of Michael H. Clinton

Insurance Insights 10 Things NOT To Do When Filing an Insurance Claim!

Helping Property Owners Since 1994

Published by: CTPOA

Property Management Tips & Tricks

CTPOA’s Mission:

Defend Your Property: Join the PODL PAC at Serenity Woods!

Educate our members on the Best Practices.

Financially Speaking

Increase profitability.

What is the 2% Rule for Investment Property?

Provide access to Core Services.

Get Energy Efficient

Advocate for Property Owner Rights.

Winter Safety Tips for Your Home Meet Our Team:

The Legal Corner Legal Tips for First Time Landlords

Tenant Screening Tips & Tricks What Are Considered Red Flags in Screening a Tenant?

Bob DeCosmo Carmine DeCosmo Melissa DeCosmo Paul Jenney

Chelsea Sayegh

PO Box 4795 Waterbury, CT 06704 800-369-6153 info@ctpoa.com

By Bob DeCosmo Advocate For Property Owner Rights As I write this message the Housing Committee is hosting a public hearing to decide if a landlord has a right to terminate a lease when it expires. The process is called a “Lapse of Time Eviction” and is an essential fail safe for dealing with tenants that might be paying their rent but raising a ruckus in the building and disturbing other residents, such as drug dealing, loud music at night or even prostitution.

Here is a copy of what I submitted for the hearing.

Honorable Members of the Housing Committee, please consider my testimony submitted for the February 20, 2024 Public Hearing, I oppose S.B. 143 My name is Bob De Cosmo and I manage the CT Property Owners Alliance, a housing advocacy organization and communicate on a regular basis with nearly

3,200 CT Property Owners and Real Estate professionals.

While some call it “No Fault Evictions,” every eviction is for some reason.

Property owners evict as a last resort and do so at tremendous expense. It costs thousands to refit an apartment for a new tenant so the thought of evicting someone because we can is incorrect.

04 / Publisher’s Message

The Lapse of Time Evictions is the only tool a landlord has at their disposal to

remove a non-compliant and disruptive renter that receives a 100% rental subsidy from an agency that is paying their rent.

Proving a tenant is a nuisance is nearly impossible since Connecticut passed the Police Accountability Act as now police usually say, “it’s a civil matter and we’re not getting involved.” The other problem proving a nuisance is getting a good tenant to go to court to testify against an unruly tenant they live with. The risk is a physical altercation will (and has) occurred leading to an increase in tenant-on-tenant violence.

This proposal will also increase homelessness! The reality is landlords must mitigate risk when renting apartments, it takes a long, long time to evict a tenant in Connecticut. If the applicant has marginal credit or blemished on their consumer report, owners will often give them an opportunity to rent on a month -to-month oral lease. Eliminating Lapse of Time Evictions turns this into an endless lease and if the tenant causes problems, there would be no way to terminate that tenancy. The result is owners will now deny access to their units for marginal renters if this Bill passes and increase the risk of homelessness.

Owners must protect their tenants and Lapse of Time Evictions are needed. I do want to remind the Committee again that a landlord just doesn’t evict tenants for no reason, that’s just not reality. Tenants and owners need each other, and owners must protect their good tenants from non-compliant and unruly occupants. Lapse of Time is an essential tool that must remain for owners to maintain their property and protect their good tenants.

Respectfully submitted, Bob De Cosmo President CT Property Owners Alliance

05 / Publisher’s Message

YOU’RE INVITED TO A FUNDRAISER It's time to step up and make sure our elected officials know we care about how they vote. Election outcomes matter and we're jumping in

this year to support legislators who help us and will oppose those that don't.

Private Property Ownership is under attack and we need to fight back!

•

Since 2018, proposed Landlord / Tenant laws have shifted decidedly in favor of tenants.

•

Private Property Rights are being gradually eroded in Connecticut on an annual basis.

•

An effort to help elect pro-property owner legislators needs to happen.

•

Tenant Unions, backed by the Democratic Socialist of America have launched a housing campaign that wants to replace private ownership of rental housing with government operated and non-profit owned units. Let's Make Sure It Doesn't Succeed!

What Are the New Landlord Laws in CT: A Guide to Recent and Upcoming Landlord Laws By: CTPOA For Connecticut landlords, staying up-to-date with •

Faster Security Deposit Returns: Tenants

evolving legislation is crucial. 2023 saw several

deserve their money back promptly.The new

significant changes affecting landlord-tenant

law mandates returning deposits (with accrued

relationships, and some potential modifications

interest) within 21 days of lease termination, or

are on the horizon for 2024. Navigating these new

15 days after receiving a forwarding address,

laws and proposals can feel like tackling a tangled

whichever comes later (Public Act 23-73).

legal maze, but fear not! This guide sheds light on the key updates you need to know.

•

celebrating a new beginning or saying

October 2023: •

goodbye, tenants shouldn't face additional financial burdens. Move-in and move-out fees

Application Fees Limited: Gone are the days

are now prohibited statewide (Public Act 23-

of charging prospective tenants large

73).

application fees. Landlords can still require deposits for security, first month's rent, or

Move-In/Move-Out Fee Ban: Whether

•

Goodbye Housing Discrimination: Fair

specific equipment, but application fees are

housing is a right, not a privilege. The

now limited to the actual cost of the

exemption for small owner-occupied landlords

background check and the landlord must

(owning four or fewer units) from

supply the applicant with a receipt from the

discrimination based on sexual orientation has

company that conducted the background

been removed. All landlords must uphold fair

check.officially off the table (Public Act 23-73).

housing practices (Public Act 23-140).

08 / News & Views From The Capitol

•

Walkthroughs are Suggested: Before

7. Aa Appropriating Funds For The Security

handing over the keys, both landlord and

Deposit Guaranty Program

tenant should conduct a joint walkthrough of the unit. This allows for documenting any existing issues and avoiding future disputes and the CT Department of Housing has

Recommendations For Technical Revisions To Statutes Concerning Housing

created a form for such inspections that can

9. Aac The Housing Sustainability Fund

be found on their website(Public Act 23-73).

10. Aac Notices Of Rent Increases

July 2024: •

8. Aac The Legislative Commissioners’

11. Aac Fees For Residential Rental Dwelling

Sealing Eviction Records: While not yet

Units

enacted, a bill proposes sealing eviction

12. Aac A Property Tax Abatement For Certain

records in cases where the eviction was

First-Time Homebuyers

withdrawn, dismissed or resulted in a judgment in favor of the tenant. (Senate Bill No. 340).

Here’s what the Housing Committee Agenda for their February 8th meeting is looking at for this

13. Aa Appropriating Funds For Emergency Rental Assistance 14. Aac Renters In Common Interest Ownership Communities

session. Here is a list of concepts they may

15. Aa Establishing A Task Force To Study The

raise for a public hearing.

Implementation Of Rental Savings Accounts

1. Aa Requiring Condominium Reserve Fund

16. Aac The Standardized Valuation Of

Allocations

Affordable Rental Housing

2. Aa Establishing A Housing Authority Resident

Iv. Announcement Of Time And Date Of Next

Quality Of Life Improvement Grant Program And Meeting A Housing Choice Voucher Task Force 3. Aac Evictions For Cause 4. Aac The Rental Assistance Program 5. Aac Workforce Housing Opportunity Development Projects 6. Aac Housing Authority Jurisdiction

V. Adjournment

Remember: These are just concepts at this point, Bills will be created soon. Staying up-todate with all nuances is crucial. Consult the Connecticut Judicial Branch website (https:// jud.ct.gov/lawlib/law/landlord.htm) and consider seeking legal advice for deeper understanding.

09 / News & Views From The Capitol

Is Connecticut a Landlord-Friendly State? Buckle Up, It’s a Bumpy Ride By: CTPOA Connecticut: land of charming towns,

•

Fairly Quick Eviction Process:

vibrant cities, and...a complex landscape

Compared to some tenant-heavy

for landlords. Whether you're a seasoned

states, evicting non-paying tenants can

investor or a first-time renter, navigating

be faster in CT.

the state's tenant-landlord laws can feel like driving on a winding road with potholes and detours. So, buckle up,

The Not-So-Good News: •

Strong Tenant Protections:

because the answer to "Is CT landlord-

Connecticut leans towards protecting

friendly?" isn't a simple yes or no.

tenants, with strict laws regarding:

The Good News: •

High Rents: Connecticut boasts some of the highest rents in the country, offering potential for strong cash flow.

•

No Rent Control: Unlike some states, landlords have more freedom in setting rental prices.

10 / Realtor Report

•

Security Deposits: Landlords

must return deposits within 30 days of lease termination, minus deductions for documented damages beyond normal wear and tear.

•

Repairs: Landlords are responsible for making prompt repairs to essential systems like heating, plumbing, and electrical.

•

Habitability: The property must be safe and healthy

for human habitation,meeting specific standards for space, cleanliness, and sanitation.

•

Fair Rent Commissions are now mandated in most cities and have great power to roll

•

relationships with tenants can still thrive in Connecticut.

Here's how: •

Know the Law: Ignorance is not an

back rent increases, hold

excuse. Familiarize yourself with

hearings, inspect units and

state and local tenant-landlord laws

more.

to avoid costly mistakes. Useful

Local Regulations: Municipalities have the power to enact their own tenant-landlord laws, adding another

resources include the Connecticut Judicial Branch website and legal aid organizations like CTLawHelp.org.

layer of complexity. Some towns, like • Screen Tenants Thoroughly: Hartford and New Haven, have

Invest in thorough tenant screening

stricter regulations than the state, so

through TenantTracks to minimize

be sure to check locally.

the risk of non-paying or problematic

So, is it a dead-end for landlords? Not necessarily. Responsible landlords who follow the law and build positive

residents. Check credit history, verify employment and income, and obtain references.

11 / Realtor Report

•

Maintain the Property: Prompt

high-profit strategy, you might find the

repairs and adherence to habitability

regulations restrictive. But for

standards are crucial to avoid tenant

responsible landlords willing to invest

disputes and potential legal trouble.

time, effort, and knowledge, Connecticut

Keep detailed records of

can offer a rewarding and stable

maintenance requests and completed investment environment.

repairs.

•

Communicate Effectively: Open

Remember: This is just a starting point.

Before diving in, consult with a lawyer

and clear communication with tenants specializing in landlord-tenant law to get can prevent misunderstandings and

personalized guidance based on your

foster a positive relationship. Provide

specific situation and goals.

written notices for rent increases, repairs, and lease violations.

Respond promptly to tenant requests and concerns.

Ultimately, whether Connecticut is "landlord-friendly" depends on your approach. If you prioritize a hands-off,

12 / Realtor Report

Disclaimer: This blog article is for informational purposes only and should not be construed as legal advice. Please consult with an attorney for legal matters.

Register at CTPOA.com/events

Attorney Michael H. Clinton has been practicing law since 1988. Originally in a partnership with Brady, Willard & Alexander in East Hartford, Attorney Clinton became the principal litigation partner for numerous housing authorities, including the East Hartford Housing Authority. After 6 years with BWA, attorney Clinton opened his own practice in the early fall of 1991 in his hometown of Glastonbury. Over the next few years, attorney Clinton continued to hone his litigation skills in the housing courts throughout Connecticut while building an active commercial and residential real estate practice.

Now, 35 years after passing the bar, attorney Clinton has processed over Twenty Thousand Evictions, participated in thousands of closings and become recognized as an authority in housing law.

In addition to his active law practice, attorney Clinton is actively involved with the Citizens Advisory Committee on Housing Matters and the Working Group to Advise on Matters Affecting the Right to Counsel Program in order to further the rights of landlords throughout Connecticut.

Attorney Clinton is an avid baseball fan and still sits on the boards of the Glastonbury Little League and Glastonbury Amateur Baseball.

14 / Vendor Spotlight

10 Things NOT To Do When Filing an Insurance Claim!

By: Ranciato Public Adjusters Group

1. DON’T delay filing a claim.

There are many factors that can affect your claim; delaying the filing of your claim is one. If you delay filing an insurance claim, the

typically know what is covered in their policy by either denying or underpaying your claims. If you have questions about what is covered ask your agent, attorney or public adjuster.

insurance company may not get a chance to

3. DON’T fail to prevent further damage to

see the real damage caused. You also risk the

your property.

damage worsening during the time you wait which can make a frustrating resolution and repair time.

2. DON’T forget to read your policy.

Understanding what your policy covers is extremely important during the claims process.

Read through your policy to understand your responsibility, coverage limits, perils insured against, endorsements and exclusions. If you fail to know and act on your responsibilities as the insured, this could cause your claim to be denied. Insurance company representatives do take advantage of the fact that insured’s don’t

16 / Insurance Insights

A major responsibility of yours as the insured is to prevent further damage. This includes stopping leaking water, tarping a roof, mitigating any water damage, boarding up windows and more. If you fail to comply with this part of the policy, portions of your claim

could be denied. Do not wait for your insurance representatives to come review damages or send a preferred vendor out. Do what you can to prevent further damage when the loss occurs and keep all receipts for reimbursement and parts for investigation purposes.

4. DON’T fail to document the damage.

Take photos and videos. Keep all invoices and receipts. Document as much as possible to ensure you are capturing all the damage caused. Your insurance company won’t see every little thing. You are the only person there to document from the beginning to end.

Even when your insurance company says they will compile a report with all damages, they may miss something that you know is there. Be sure to continuously document the damage and correspondence during the claim This includes presenting building damage reports, personal property reports, and repair process. This will also help if you must hire your own professional or end up in

remediation reports, additional living expense

court with your insurance company.

reports and more. Relying on any

5. DON’T be rushed into a settlement

professionals sent by the insurance company is a mistake. These professionals are

If your insurance company is offering you a

reviewing the damages with the insurance

check on the spot, be cautious. Take time to

companies’ financial interests in mind. Your

review all documents and damages. Don’t feel insurance company will hire any and all compelled to take the first offer, they typically

professionals they can to deny or underpay a

like to lowball and see where they can get

claim. We see engineers, construction

away with underpaying claims. If you are

consultants, electronics consultants etc.

unsure, ask a professional for consultation.

brought in on claims just to find a way to

Ranciato Public Adjuster’s provide free

underpay or deny a claim.

consultations and review of all documents.

7. DON’T start permanent repairs until

6. DON’T rely on their adjuster or any

your insurance company has agreed to all

other professionals they bring in to do the

damages.

right thing.

If you start making permanent repairs to your

Remember the adjuster sent to your home is

property, you no longer can justify the

there on behalf of the insurance company.

damage. If the insurance company doesn't

Your policy clearly states it is your duty to

agree on a portion of the damages and you

present your claim to the insurance company.

have already repaired the damage, even if

17 / Insurance Insights

you have photos, there is no guarantee they

no means to

will agree to repair or replace the damage.

guarantee you are

8. DON’T file too many claims You may think it is a good idea to file a claim,

satisfied and paying based on work performed. Our

but it is not always the best choice. If your claim suggestion is to get is under the deductible, you won’t collect a more than 1 quote payment and it will go against your “insurance score”. Yes, an insurance score is a real thing and filing too many claims will increase your premiums. Be sure what you are filing a claim for is worth the impact on your score.

9. DON’T be inclined to think you HAVE to use the insurance company’s preferred vendor.

from vendors.

10. DON’T be afraid to ask for professional help.

Navigating an insurance claim is complex.

Between your insurance policy, your duties as a policy holder, documenting damage, creating reports, reviewing reports and the repair process there is a lot to know and understand.

These are professionals brought in by your

Don’t be afraid to ask for help from a Public

insurance company. They are a preferred

Adjuster, we are the adjusters that handle the

vendor because they save the insurance

claim on your side. Ranciato Public Adjuster’s

company money by cutting corners and not

is 3 generations of adjusters who have been on

properly completing work. Most of the time they both sides of the insurance claim fields. Our require you to sign your claim funds over to adjusters are trained in all aspects of handling them before they even start work. This means

an insurance claim. We provide free

they will get paid whether they do the work

consultations to ensure your claim is handled in

correctly or don’t do the work at all. You have

your best interest.

18 / Insurance Insights

For More Information Visit Our Website: landlordcollections.net Give Us A Call: (800)-369-6153

Defend Your Property: Join the PODL PAC at Serenity Woods!

By: CTPOA Are you concerned about the future of

Protect your investment: Learn how current

property rights in Connecticut? Join the

and proposed policies could affect your

Property Owner Defense League PAC (PODL property rights and how you can take action.

PAC) for an evening of networking, education, and action at the beautiful Serenity Woods in New Hartford!

Here's what you can expect:

Network with like-minded individuals: Connect

with others who share your concerns and build a community of support.

Support pro-property rights candidates:

Social Hour & Networking: Mingle with real

Ensure your voice is heard and elect officials

estate professionals, property managers, and

who will champion your interests.

fellow advocates for property rights.

Join us on March 7th from 5:30 PM to 8:00

Legislative Insights: Hear directly from

PM at Serenity Woods (150 Gillette Rd, New

legislators about the current housing policy

Hartford). Hors d'oeuvres and drinks are

debate and its implications for property

included in the $125 ticket price. Space is

owners.

limited, so reserve your spot today by

Election Impact: Understand how the PODL PAC can influence election outcomes and

contributing online at podl.net. Questions?

Email chelseasayegh@gmail.com

secure a future where property rights are

Don't wait! Defend your property rights and

respected and protected.

secure a brighter future for yourself and fellow

Why attend?

owners. Together, we can make a difference!

20 / Property Management Tips & Tricks

What is the 2% Rule for Investment Property By: CTPOA The 2% rule in real estate investing is a rule of thumb that states the monthly gross rental income from an investment property should be at

least 2% of the purchase price. In other words, if you buy a property for $200,000, the monthly rent should be at least $4,000 (2% x $200,000 = $4,000).

Here are some key points to remember about the 2% rule: •

It's a simplified guideline, not a strict rule. It doesn't account for other crucial factors like expenses, vacancies, and potential appreciation.

22 / Financially Speaking

•

It's more conservative than the 1% rule. While the 1% rule suggests rent covering only the

mortgage payment, the 2% rule aims for additional income to account for maintenance, taxes, and potential profit.

•

Its applicability varies

•

Luxury properties: These often

depending on location and

command higher rents than

market conditions. In

standard properties,potentially

competitive markets with high

exceeding the 2% mark.

property values, achieving 2% rent might be difficult.

Conversely, in areas with lower purchase prices and higher potential rents, the rule might be more attainable.

Ultimately, the decision of whether or not to follow the 2% rule depends

on your individual investment goals and risk tolerance. It's crucial to thoroughly analyze each property, considering not just the rent but also

Here are some situations where

the overall potential return on

the 2% rule might be less

investment. Remember, consulting

relevant:

with financial professionals and

•

Fixer-upper properties: If you plan to renovate the property, initial rent might be lower until the

conducting thorough due diligence are essential steps before making any investment decisions.

value increases.

•

Short-term rentals: Rental income on platforms like Airbnb

could be higher than traditional leases, exceeding the 2% threshold.

23 / Financially Speaking

Winter Safety Tips for Your Home From: portal.ct.gov Indoor heat is an absolute necessity for the colder months in Connecticut.

However there are simple ways to enjoy a warmer winter without spending

excessively. Here are various different tips, information and recommendations to consider. Learn more about Winter Weather Awareness in Connecticut from

1. Replace your furnace filter If you use a forced air heating system, installing a clean filter can do wonders. A clogged or dirty filter may cause your heating system to do more work, which requires more energy. So, be sure to replace your filter every few months.

the Department of Emergency

2. Seal your windows

Management and Homeland Security

Tiny openings and spaces between your

(DEMHS)

window and wall frame may be allowing

Home Improvement Energy Efficiency heat to escape. They could also bring in more cold air. To be sure, light an Hacks Small adjustments can go a long way to improve the energy efficiency of your home. Here are several easy fixes to cut down on your energy usage.

24 / Get Energy Efficient

incense stick by your windows and see where the smoke goes. Or get a temperature sensor to check for cold spots around the frame.

Use spray foam insulation to seal and

6. Switch the direction of your

insulate your windows. Once applied,

ceiling fan

this substance expands to fill in small crevices perfectly.

3. Use window insulation film Window insulation film reflects heat towards the room instead of allowing it to escape outside. It also creates another layer of insulation, almost like adding another window pane.

In the winter, adjust your ceiling fan rotate in a clockwise

direction to circulate warm air. In the summer, have it turn counterclockwise

4. Add heavy drapes to your

to circulate cooler air. To change the

windows

direction of the blades, flip a switch on

Heavy fabric will further insulate your

the side of your fan.

windows and indoor living spaces. This Winter Safety For Your Home will help keep cold drafts out, while 1. Do NOT use gas or charcoal keeping heat inside. powered grills indoors.

5. Use a thermostat Grills generate carbon monoxide which A thermostat is a temperature

is dangerous for your health.

regulating device that senses the

2. Use electric space heaters with

temperature of your home. It makes

caution.

adjustments to maintain at a desired

Small space heaters should not be

temperature setpoint. You can also

placed near curtains or flammable

program your thermostat so that it

materials. At night, when you go to bed,

properly heats your home at specific

be sure to turn them off.

times of the day.

.

25 / Get Energy Efficient

3. Keep the water in your pipes from freezing.

Frozen pipes can cause property damage and require repair. Turn on your faucets at a slight drip so that the water stays running. Also, you may want to put in the extra effort to insulate your pipes. If the water in your pipes do end up frozen, do not use a flame to

keep a supply of dry wood that is

thaw the ice. Use a hair dryer instead, or seasoned. You can then generate heat rags soaked in hot water as safer

using a wood-burning stove or your

sources of heat.

fireplace.

4. Learn how to shut off your water

6. Prepare for storms.

valves.

Trim or cut large tree branches (and

In case a pipe in your house bursts, you

other structures) that could fall on your

will be able to shut off your water.

house. Also make sure to clear your rain

5. Have an emergency supply of wood

gutters and fix any roof leaks.

for heat.

Learn more about Extreme Cold

Never say never. Emergencies can

Weather Storm Tips for a safer winter

happen. If your fuel supply is cut off,

season.

26 / Get Energy Efficient

Register at CTPOA.com/events

Legal Tips for First Time Landlords By: rocketlawyer.com Becoming a first-time landlord can be a lot of

gives you legal rights that would be more

work, but there’s also the promise of a lucrative

difficult to prove without documentation. It also

business (and regular rent checks). When

makes it clear that both parties have agreed to

you’re first starting out, beyond the basics of

specific terms that you can both reference later

getting the property purchased and ready to

if there is a dispute.

rent out, remember that setting yourself up for success also means having the proper legal

Get a security deposit.

protections in place—and being proactive with

Collecting a security deposit communicates to

legal issues could save you from big legal bills

the new tenant that you care about the condition

and hassles down the road. Here are some

in which the tenant keeps your property. It also

guidelines to help protect yourself when you’re

gives the tenant motivation to keep the property

starting out as a new landlord.

in the same condition in which it was first rented. If the tenant doesn’t keep the property in

Put it in writing.

good condition or damages it, you may be able

It seems simple but putting everything in writing

to keep a portion or all of the deposit to pay for

can be the smartest thing you ever do as a

repairs or additional cleaning. Make sure you

landlord.

have the tenant fill out a Renter’s Inspection

The most important item to put in writing is the Lease Agreement between you and the tenant. If you ever have problems with the tenant, the Lease Agreement protects you and

28 / The Legal Corner

Worksheet when the tenant first moves in to reduce disputes about the initial condition of the apartment.

Know the tenant financially.

Understand

It’s your responsibility to vet your potential

your rights

tenants. Start by having them complete

as a

a Rental Application, which will help you collect landlord. the information you need to screen your

Although the

potential tenants. Next, take the time to verify

renter has

their good credit and their employment, which

rights, so

will help you determine their ability to pay the

does the

rent. Keep in mind that it’s much easier to find

landlord. For

another potential tenant than it would be to

example, you should be able to enter the

evict a tenant who can’t pay the rent. Of

property when necessary for maintenance with

course, you also need to follow any laws that

the appropriate amount of notice given to the

protect tenants against housing discrimination, tenant. You also have the right to evict a but the inability to pay the rent generally can

tenant if they are not upholding their end of the

be used to disqualify a potential tenant. You

lease. You can use an Eviction Worksheet in

may also use a Letter to Request a Credit

this case, but before you get in this situation,

Reference to verify the prospective tenant's

it’s smart to understand the legal process for

good credit, and/or ask the tenant's employer

evicting a tenant in your city and state, since it

for a Salary Verification Letter.

varies by locality.

Understand key lease terms, like rent,

Understand the Tenant's rights, and your

maintenance, utilities, etc.

obligations to protect them.

Make sure you know and follow the terms of

Familiarize yourself with your state’s laws that

the lease you’ve signed. If you create a

protect the tenant’s rights, and any applicable

document and then flaunt the terms, your

city or county laws that might affect

tenant could take you to small claims court and you. Consult the Hud.gov Tenant Rights you could be found liable. You could also get

resources by state to find out more about the

in trouble with local housing authorities. In

laws in your area.

addition, if you don’t follow the lease terms (by not maintaining the property, for example), it makes it harder to enforce regulations of the lease that you do want the tenant to follow— like paying the rent on time.

This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

29 / The Legal Corner

What Are Considered Red Flags in Screening a Tenant?

By: CTPOA Finding the perfect tenant can feel like striking gold. But before you hand over the keys, it's crucial to thoroughly screen

instability.

•

blemishes might be overlooked,

potential residents. While obvious red

extensive debt, late payments, or

flags like evictions and bad credit jump

collections raise concerns about

out, subtler clues can also signal trouble.

responsible financial management.

Let's explore some key red flags to watch for when screening tenants: Financial Fitness: •

Rental History: •

or adhering to lease terms.

typically be no more than 30-35% of a

•

Evictions: A prior eviction is a major red flag, indicating difficulty paying rent

Insufficient Income: Rent should

tenant's gross income. Verifying

Negative Credit Report: While minor

•

Negative References: Reach out to

income through pay stubs or tax

previous landlords to learn about

returns is essential.

payment history, property care, and

Inconsistent Employment History:

overall behavior.

Frequent job changes or gaps in employment could indicate financial

30 / Tenant Screening Tips & Tricks

•

Frequent Moves: Frequent

•

relocations without clear reasons could suggest problems with previous landlords or unstable living habits.

Communication and Behavior: •

•

street. Ask relevant questions, clarify throughout the process. By carefully

information or inconsistencies raise

vetting potential tenants and heeding

red flags about transparency and

these red flags, you can increase your

attention to detail.

chances of finding responsible

Unverifiable Information: Be wary

residents who will respect your property and become long-term tenants.

Investing in a reliable tenant screening

Pushy or Disrespectful Demeanor:

Rudeness, impatience, or attempts to pressure you into skipping procedures are warning signs of potential conflict.

service like TenantTracks is an investment in your peace of mind. By gaining comprehensive insights and streamlining your process, you can confidently select responsible tenants who respect your property and

Additional Pointers:

•

Remember, screening is a two-way

Incomplete Application: Missing

unverifiable information.

•

something feels off, don't ignore it.

expectations, and be professional

of applicants who provide unclear or

•

Gut Feeling: Trust your instincts. If

contribute to a positive rental

Criminal Background Check:

experience for everyone involved.

While not mandatory, it can reveal

Remember, a little upfront effort

relevant convictions that could

translates to long-term benefits for your

impact safety or property security.

investment properties.

Pet Policy: Clearly communicate your pet policy and verify any pets meet breed and size restrictions.

31 / Tenant Screening Tips & Tricks

What’s Happening Near You? The Statewide Events and Meetings calendar is a resource for local landlords and property owners to meet up, network and grow your real estate opportunities.

Get Involved, Stay Informed.

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Events & Meetings & Networking

Connecticut Real Estate Investors Association (CTREIA)

Connecticut Real Connecticut R Estate Investors Estate Association Professiona (CTREIA) (CTRE Pros

Next Meeting: Feb. 19th

Next Meeting: Feb. 20th

Next Meeting: Feb. 2

Time: 5:45 PM - 9:00 PM

Time: 6:30 PM - 9:00 PM

Time: 6:00 PM

Where: Sheraton Rocky Hill Where: Courtyard Marriot 100 Capital Blvd.

780 Bridgeport Ave Rocky Hill, CT 06067 Shelton, CT 06484

Where: Red Fox 218 Smith Street Middletown, CT 06457

Contact: (860) 265-4414

Contact: (860) 538-36

Contact: (860) 265-4414

About: The most successful About: The About: Come ready fo investors are out there most successful investors evening of fun, and watching the market, making are out there watching the excitement! The CTRE key strategic decisions, and market, making key PROs community was investing without limits using strategic decisions, and created for those to essential creative dealinvesting without limits continuously maintain making strategies. using essential creative deal or build their immediat Maria Giordano used this -making strategies. book of business to exact blueprint to quit her Maria Giordano used this generate healthy and job in less than 6 months. exact blueprint to quit her sustainable long term These strategies job in less than 6 months. business relationships work for Airbnb, buy and These strategies real estate industry. Yo hold, wholesaling, fix and work for Airbnb, buy and meet your future busin flip, and more. hold, wholesaling, fix and partner! flip, and more.

Register here!

Register here!

Register here!

Real

als s)

21st

7

672

or an

Connecticut Property Owners Alliance (CTPOA)

The NEI Real Estate Investor Meetup (NEI)

Connecticut Property Owners Alliance (CTPOA)

Next Meeting: Feb. 22nd

Next Meeting: Feb. 22nd

Next Meeting: Feb. 28th

Time: 1:00 PM

Time: 6:00 PM - 9:00 PM

Time: 6:00 PM - 8:00 PM

Where: Zoom

Where: Back Nine Tavern 245 Hartford Road New Britain, CT 06053

Where: Tiano Smokehouse 1388 E Main St Meriden, CT 06450

Contact: (203) 915-3803

Contact: (800) 369-6153

Contact: (800) 369-6153 About: Financing solutions for a range of projects, including bridge loans for 1-4 Family Investment Properties, MultiFamily, Mixed Use, Groundup New Construction, Fix & Flip, Fix to Perm and Bridge to Stabilization.

About: Join us at the About: Dive deep into the February 2024 NEI Real latest on evictions and local E Estate Investor Meetup with legislation with renowned s guest speaker, financial attorney Mike Clinton! advisor Zach Czaplicki. n and Discover the importance of Join us for an evening of networking, dinner and a te incorporating financial captivating presentation. planning into your longSpeaker: Joseph V. Scorese, term real estate strategy as Register here!

Senior Relationship Manager Zach shares practical s in the at Bayport Funding strategies to strengthen ou will your financial foundation in Register here! ness the dynamic world of real estate investing.

Register here!

Name

Contact

Service

BestWay Mortgage, Brandon Parenti

Phone: (203) 441-4059

Mortgages & Loans

Website: Click here!

(Professional Services)

Pro Property Management

Phone: (203) 909-6333

Property Management Services

Website: Click here!

(Professional Services) The Law Office of Yona Gregory

Phone: (860) 443-9662

Attorney / Evictions

Website: Click here!

(Professional Services)

The Brodrick Law Firm

Phone: (203) 758-8822

Attorney / R.E. Closings

Website: Click here!

(Professional Services)

Phone: (888) 610-4710

Tenant Screening

Website: Click here!

(Professional Services)

Tammy Enquist Canfield: Comparion Insurance Agency

Phone: (203) 695-3893

Insurance

Website: Click here!

(Professional Services)

ServiceMaster Restore

by Recovery Solution

Phone: (860) 735-4704

Restoration

Website: Click here!

(Maintenance & Tradesmen)

Eversource Energy

Phone: (800) 592-2000 Website: Click here!

Energy Efficiency Provider (Suppliers & Wholesalers)

Phone: (720) 706-8902

Rental Insurance

Website: Click here!

(Professional Services)

TenantTracks

The Guarantors

Premier Real Estate Investment Group

Phone: (860) 335-0681

Cesar L. Sousa, Real Estate Attorney

Phone: (203) 583-8299

Real Estate Multi-Family

(Professional Services)

Website: Click here!

Attorney / Personal Injury (Professional Services)

PosiGen

Phone: (866) 767-4436 Website: Click here!

Solar Panels/Green Energy (Maintenance & Tradesmen)

Pet Screening

Website: Click here!

Tenant Screening (Professional Services)

Nick Minicucci: New England Residential Finance, LLC

Phone: (203) 509-2717

Mortgages & Loans

Website: Click here!

(Professional Services)

Landlord Collection Agency

Phone: (800) 369-6153

Collection Agency

Website: Click here!

(Professional Services)

Junk Bear

Phone: (860) 378-2801

Rubbish & Hauling

Website: Click here!

(Maintenance & Tradesmen)

First World Mortgage: Jesus A. Carrero

Phone: (203) 715-0961

Mortgages & Loans

Website: Click here!

(Professional Services)

The Miranda Team Home Inspections

Phone: (203) 490-7855

Home Inspections

Website: Click here!

(Professional Services)

Name

Contact

Service

Marion Szarzynski, HomeBridge Mortgage Loan Originator

Phone: (203) 768-5098

Mortgages & Loans

Website: Click here!

(Professional Services)

Brenda Tate, Photographer

Phone: (860) 631-7622

Real Estate Photography

Website: Click here!

(Professional Services)

Jeff Zappone, Loan Officer at CrossCountry Mortgage

Phone: (203) 592-3602

Mortgages & Loans

Website: Click here!

(Professional Services)

Dawn Cabral, Broker/ Owner, GRI, SRES at West View Properties LLC

Phone: (203) 228-7564

Real Estate Residential

Website: Click here!

(Professional Services)

Dana M Guiliano

Phone: (203) 419-5857

Attorney / Evictions

(Professional Services)

Venoal M. Fountain, Jr., Partner at Hirsch, Levy & Fountain, LLC

Phone: (203) 336-3144

Attorney / Evictions

Website: Click here!

(Professional Services)

Attorney Emanuele A. Mangiafico

Phone: (860) 827-8064

Attorney / R.E. Closings

Website: Click here!

(Professional Services)

Reckmeyer & Reckmeyer, Law

Phone: (860) 333-5677

Attorney / Evictions

Website: Click here!

(Professional Services)

Ranciato Public Adjusters Group, LLC

Phone: (888) 298-9014

Public Adjuster

Website: Click here!

(Professional Services)

Name

Contact

Service

Joseph V Scorese: Nationwide Direct Private Lender

Phone: (215) 290-5108

Mortgages & Loans

Website: Click here!

(Professional Services)

Ironclad Property Management

Phone: (860) 956-6825

Property Management Services

Website: Click here!

(Professional Services)

About the CTPOA Vendor Program Let the Connecticut Property Owners Alliance help promote your business to the Real Estate and Property Owner community through our Vendor Affiliate Member Program!

Your company will be listed in our priority vendor database for all CTPOA members. Our events will allow you to display your promotional materials on our vendor tables, interaction with prospective customers and grow your presence on social media. CTPOA makes it easy for you to gain more customers without spending valuable time searching for them.

To sign up to be a CTPOA Vendor, click here!

P. (800)369-6153

F. (888)900-9773

E. info@ctpoa.com

www.ctpoa.com

CT Real Estate Today allows you to hit your target audience for all things real estate.

Contact us at info@ctpoa.com

ADVERTISE WITH US!

Becom

V

The Conne composed o REALTORS improve the bu

Follo

me a CTPOA Member!

Visit: https://ctpoa.com/

ecticut Property Owners Alliance is of experienced property managers, S and landlords working together to usiness conditions for rental property owners.

ow CTPOA: https://www.facebook.com/CTPOA/

About Us Advocates For Property Owners The Connecticut Property Owners Alliance is composed of experienced property managers, realtors and landlords working together to improve the business conditions for rental property owners. The Alliance saves its members money on essential real estate services, reviews and testifies on pending legislation & law changes and offers its members workshops and meetings on topics that impact landlords.

Why The Property Owners Alliance Was Formed The Alliance strives to ensure your success in real estate by: •

Saving you money on essential real estate services

•

Informing you of law changes impacting your business

•

Providing workshops and meetings to help you become a better educated and prosperous rental property owner.