CT Real Estate Today - May 2024 Edition

Page 1

In This Month’s Edition

Pg. 04 - Connecticut Legislative Session: A Look Back and Strategies for Landlords Moving Forward

Pg. 20 - Navigating Evictions in Connecticut: A Webinar for Landlords

Pg. 12 - Spring Spruce Up: Boosting Curb Appeal and Tenant Satisfaction in Your Connecticut Rentals

Pg. 24 - Eviction Landscape in Connecticut: Why Tenant Screening Matters More Than Ever

May 2024 Published by:

Table of Contents

News And Views From The Capitol

Connecticut Legislative Session: A Look Back and Strategies for Landlords Moving Forward

Realtor Report

Trends in the Spring Real Estate Market

Insurance Insights

Report: CT homeowners could see another hike in insurance rates in 2024

Property Management Tips & Tricks

Spring Spruce Up: Boosting Curb Appeal and Tenant Satisfaction in Your Connecticut Rentals

Helping Property Owners Since 1994
CTPOA’s Mission: Educate our members on the Best Practices. Increase profitability. Provide access to Core Services. Advocate for Property Owner Rights. Meet Our Team: Bob DeCosmo Carmine DeCosmo Melissa DeCosmo Paul Jenney Chelsea Sayegh PO Box 4795 Waterbury, CT 06704 800-369-6153 info@ctpoa.com Published by: CTPOA Financially Speaking A Guide to Painting Your Connecticut Rentals for Maximum ROI Get Energy Efficient Spring and Summer EnergySaving Tips The Legal Corner Navigating Evictions in Connecticut: A Webinar for Landlords Vendor Spotlight Let Us Bear Your Junk! Tenant Screening Tips & Tricks Eviction Landscape in Connecticut: Why Tenant Screening Matters More Than Ever

Connecticut Legislative Session: A Look Back and Strategies for Landlords Moving Forward

The Connecticut legislature recently wrapped up its session, and renters and landlords alike watched proposals that could have significantly impacted their rights. While some measures aimed to strengthen tenant protections, others focused on maintaining landlords' flexibility. Let's delve into the key bills that caught the attention of both parties.

Several Proposals Aimed at Balancing Tenant Rights and Landlord Flexibility

Several proposals introduced during the Connecticut legislative session aimed to strike a balance between tenant rights and landlord flexibility. One of the most debated issues was "just cause

eviction," which would have required landlords to have a legitimate reason to evict tenants at the end of their lease. Let's explore the details of these proposals and their fates, according to reliable sources.

• Just Cause Eviction: This bill aimed to restrict landlords' ability to evict tenants when their lease expired, requiring a legitimate reason for eviction ("just cause"). It passed the Housing Committee but never reached the floor for a vote due to lack of support.

04 / News & Views From The Capitol

• Notice of Rent Increase: Landlords faced some success. A bill requiring them to provide advanced notice of rent increases did pass.

• Tenant Screening: Another proposal that died in committee sought to limit landlords from considering a prospective tenant's criminal background during the screening process.

• Fair Housing Protections: Landlords also defeated a bill that would have banned discrimination based on sexual orientation for smaller landlords (those who own a limited number of properties).

We credit CT Mirror and CT Insider for providing some of this content.

Outcomes Varied for Tenant Protections and Landlord Concerns

The outcome of the legislative session presented mixed results for both renters and landlords. While some proposals for stricter tenant protections, like "just cause eviction," failed to gain traction, landlords faced some success with measures requiring advanced notice for rent increases.

Overall, the session highlighted the ongoing conversation about balancing the needs of both parties in Connecticut's housing market. It's important to remember that many of these bills will likely be back on the table next year. Instead of just reacting each year and fighting the bills, real estate professionals in Connecticut can work together to prevent them in the first place. One way to achieve this is by supporting organizations like the Property Owners Defense League Political Action Committee (PODL PAC). The PODL PAC advocates for the rights and interests of property owners in Connecticut, and by getting involved, landlords can have a say in shaping future legislation.

05 / News & Views From The Capitol

Trends in the Spring Real Estate Market

Article From: wtnh.com

Connecticut’s real estate market is buzzing with excitement as lower interest rates offer a golden opportunity for homeowners looking to sell. Connecticut’s Morning Buzz Host Natasha Lubczenko welcomed former President of CT Realtors® Joanne Breen, who shared insights on the spring home buying and selling season, along with housing market trends.

Despite the current weather not fully reflecting Spring, Breen highlighted the increasing activity in the real estate market, as the season progresses, emphasizing the need for more inventory to meet the demand of prospective buyers.

Breen reassured viewers that mortgage rates, though not dropping as much as many had hoped, should not significantly hinder the market, citing historical averages. She encouraged potential buyers not to delay their plans.

For homeowners contemplating renovations or selling their properties, Breen stressed the importance of consulting with a realtor first, to weigh the financial implications, and assess whether renovations align with the neighborhood’s aesthetic and the homeowner’s preferences.

Breen discussed the recent trend of Connecticut homeowners renovating their “Summer homes” on the Shoreline, and turning them into yearround properties, which has contributed to freeing up inventory in the inland areas. Again, she underscored the value of working with a realtor for expert guidance and strategic planning when making significant housing decisions.

Watch the full interview above, to learn more about the Spring Real Estate Market, and to discover the advantages to using a REALTOR®, visit the CT Realtors® website.

06 / Realtor Report
Register at CTPOA.com/events

Report: CT homeowners could see another hike in insurance rates in 2024

With U.S. insurance claims escalating amid extreme weather and wildfires, Connecticut homeowners rates could rise by 9 percent on average this year according to a new report one of the dozen biggest increases in the nation on the heels of four straight years of increasing property and casualty insurance claims by Connecticut policyholders.

Insurify estimates Connecticut homeowners will see an average increase of $163 on renewal, pushing the average premium past $1,925 for 2024.

Andrew Mais, Connecticut's insurance commissioner, addressed the topic of insurance affordability at a March meeting of the National Association of Insurance Commissioners, in his role as NAIC president. Mais said the industry needs to close a "protection gap," as people

find they can no longer afford the insurance policies they need.

"On paper, the idea is pretty basic you want to ensure that as many people as possible have access to as many relevant products as possible without any unnecessary barriers," Mais said. "The data on gaps represents more than numbers. Each statistic is an individual facing some of life’s greatest risks."

In 2022, Connecticut property and casualty insurance claims totaled close to $6.4 billion, according to the National Association of Insurance Commissioners. That was up for a fourth consecutive year, from $5.9 billion in 2021 which had been the previous high on record. The 2022 total was also 51 percent more than average annual claims volumes over the prior 14 years.

08 / Insurance Insights

In Louisiana where home insurance premiums are the second highest in the United States, Insurify is projecting a 23 percent hike in homeowners insurance premiums, to just over $7,800. In Florida, homeowners are paying nearly $11,000 annually on average, with Insurify predicting a 7 percent increase for renewals this year of about $760.

Walloped in recent years by a succession of hurricanes, Florida has been driving a sharp increase in property and casualty insurance claims in the United States. Hurricane Ian in 2022 triggered more than $66 billion in property and casualty insurance claims in Florida, according to the most recent data from the National Association of Insurance Commissioners. That equates to 185 percent of Florida's average annual claims tally over the preceding 14 years. By comparison, U.S. claims in 2022 were up by half from the annual average over the same stretch.

Despite improved returns last year in the investment markets, many insurers have been struggling as claims costs have barreled past what they had charged historically for premiums. The U.S. property and casualty insurance industry absorbed a $21.2 billion net underwriting loss in 2023, according to credit agency A.M. Best, compared to a $24.9 billion loss the prior year.

Last year, Connecticut homeowner's insurance carriers requested an 11.1 percent increase in premiums on average, up from 6.1

percent in 2022 according to the Connecticut Insurance Department's annual review of property and casualty insurance rates released in January. The insurance department approved rates that averaged to a 9.6 percent increase across the more than 130 homeowners insurance carriers it oversees.

Unlike the health insurance market in Connecticut where a small handful of carriers dominate the market, the three largest homeowner's insurance underwriters had less than 15 percent of all coverage in force as of 2022. Traveler's led the market that year with more than 5 percent market share, according to the Connecticut Insurance Department, followed by Allstate and Liberty Mutual.

The Connecticut Insurance Department reported no change in homeowners insurance rates for Travelers largest book of business in Connecticut last year, with a smaller book of policies seeing an 8 percent hike on average. Allstate rates were up 11 percent on average in Connecticut, and Liberty Mutual up 5 percent.

"We feel pretty good about the trends we're seeing in physical damage severity coming down on the homeowners side," said Liberty Mutual CEO Tim Sweeney, referencing the company's overall book of business during a conference call in early March.

09 / Insurance Insights
Register at CTPOA.com/events
Register at CTPOA.com/events

Spring Spruce Up: Boosting Curb Appeal and Tenant Satisfaction in Your Connecticut Rentals

Now is the perfect time to revitalize your rental properties' outdoor spaces. A wellmaintained yard not only enhances curb appeal but also contributes to a more enjoyable living experience for your tenants, potentially leading to higher retention rates. Let's explore ways to utilize the spring season to elevate your Connecticut rentals' yards for maximum impact.

Planning for Success: Prioritizing LowMaintenance Beauty

While tenant involvement in yard maintenance is ideal, prioritizing lowmaintenance plants and design choices is crucial for rental properties. Here's where to begin:

• Skip the Extensive Landscaping: Avoid elaborate landscaping designs that require significant upkeep. Opt for simple yet

appealing layouts with minimal flower beds and easy-to-care-for plants.

• Focus on Native Beauty: Embrace the beauty of Connecticut by incorporating native plants. These require less maintenance, are naturally adapted to the local climate, and often attract beneficial pollinators. Consider:

 Eastern Redbud: A stunning flowering tree with vibrant pink blooms in spring.

 New England Aster: Provides late-season color with beautiful purple flowers.

 Purple Coneflower: Showy and resilient, attracting butterflies with its vibrant purple petals.

12 / Property Management Tips & Tricks

 Winterberry: Offers year-round interest with bright red berries throughout winter.

 Ferns: Thrive in shady areas and require minimal watering, providing a lush, green groundcover.

• Durable Groundcover: For larger areas, consider low-maintenance groundcover options like creeping phlox or pachysandra. These offer year-round visual appeal while suppressing weeds.

Ongoing Maintenance: Setting

Expectations and Creating a Partnership

While prioritizing low-maintenance plants, it's important to establish clear expectations with tenants about yard care. Consider including clauses in the lease agreement outlining basic responsibilities such as:

• Watering Newly Planted Areas: Clearly state that tenants are responsible for watering newly planted flowers, shrubs, or trees until they are established.

TrashRemoval: Specify that tenants are responsible for disposing of any yard waste generated by their activities, such as trimming or weeding.

Communication is Key:

Open communication with your tenants is

crucial. Encourage them to report any issues they might observe, such as dead plants or overgrown areas. This allows you to address potential problems quickly and maintain the yard's overall appearance.

Spring Spruce Up Projects:

While extensive landscaping might not be ideal, consider some budget-friendly spring projects to enhance the yard:

• Fresh Mulch: Apply a new layer of mulch around trees and shrubs. This suppresses weeds, retains moisture, and adds a polished touch.

• Patio Refresh: Spruce up a patio area with fresh paint or power washing existing furniture. Add a few potted plants for a touch of color.

Seating for Enjoyment: Provide a simple outdoor seating area, like a bistro set, for tenants to relax and enjoy the fresh air.

Investing in Curb Appeal Pays Off

A well-maintained yard not only improves tenant satisfaction but also creates a positive first impression for potential renters. By prioritizing low-maintenance beauty, establishing clear expectations, and implementing some simple spring spruce-up projects, you can ensure your Connecticut rental properties' yards contribute to a positive and profitable rental experience.

13 / Property Management Tips & Tricks

A Guide to Painting Your Connecticut Rentals for Maximum ROI

Spring has sprung in Connecticut, and with the arrival of warmer weather comes the ideal time for landlords and property managers to refresh their rental properties. A fresh coat of paint can breathe new life into a tired space, attract highquality tenants, and ultimately boost your return on investment (ROI). This guide delves into the benefits of spring painting for Connecticut rentals, offers practical tips for selecting colors, navigating regulations, and choosing the right contractor, and explores strategies to maximize the value of your investment.

Why Paint in the Spring?

Connecticut's spring season boasts several advantages for painting rental properties:

• Pleasant weather: Spring offers comfortable temperatures for both painters and tenants. This allows for efficient work without compromising comfort levels.

• Improved light: Longer daylight hours during spring provide better natural light conditions for painters to achieve a flawless finish.

• Tenant turnover: Spring often coincides with lease end dates, making it a prime opportunity to paint vacant units before new tenants arrive.

• Curb appeal: A fresh coat of paint enhances the interior and exterior of your property, making it stand out in the spring rental market.

Choosing the Right Colors for Your Connecticut Rentals

Selecting paint colors for your rental properties requires a balance between aesthetics and practicality. Here are some tips for Connecticut landlords:

• Neutral Palette: Opting for neutral colors like beige, light gray, or white creates a clean

14 / Financially Speaking

• and spacious feel that appeals to a wider range of tenants.

• Consider Local Trends: While neutral is a safe bet, research popular color schemes in your Connecticut neighborhood. Subtle nods to local trends can add a touch of personality without being overwhelming.

• Durability and Maintenance: Choose paints formulated for high traffic areas, especially in kitchens, bathrooms, and hallways. Opt for paints with a washable finish for easier cleaning and maintenance by tenants.

• Compliance with Lead Paint Regulations: Connecticut has strict regulations regarding lead paint in pre-1978 housing. Be sure to test paint for lead content before painting and hire a certified lead abatement contractor if necessary (CT Department of Public Health).

Understanding Lead Paint Regulations in Connecticut

Landlords in Connecticut have a legal responsibility regarding lead paint in rental properties built before 1978. Here's a breakdown of key regulations:

• Disclosure Requirements: Landlords must provide tenants with an EPA-approved lead paint disclosure form before entering into a lease agreement.

• Lead Paint Testing: If a tenant requests testing for lead paint, landlords must comply within a reasonable timeframe.

• LeadAbatement: If lead paint hazards are identified, landlords must take steps to address them using a certified lead abatement contractor.

Navigating Tenant Communication and Unit Access

Clear communication with your tenants is crucial when planning a painting project. Here are some best practices:

• Provide Advance Notice: Inform tenants well in advance about the painting schedule, potential disruptions, and access requirements.

• Offer Alternative Arrangements: If possible, consider offering temporary accommodation for tenants who may be significantly impacted by the painting project.

• BeRespectfulandAccommodating: Maintain open communication with tenants throughout the process and address any concerns they may have.

Do I have to wait until the tenant leaves to paint?

In most cases, you don't necessarily have to wait for the tenant to leave before painting a Connecticut rental property.However, there are some key considerations for ensuring a smooth process and respecting tenant rights:

• Lease Agreement: Review your lease agreement with the tenant. Some leases may have specific clauses regarding access for maintenance and repairs, including painting.

15 / Financially Speaking

• Notice Requirements: Connecticut law generally requires landlords to provide tenants with reasonable notice (often 24-48 hours) before entering the unit for non-emergency repairs or maintenance. This includes painting.

• Tenant Disruption: Painting can be disruptive for tenants. Be mindful of the scope of the project and try to schedule it at a convenient time, minimizing disruption to their daily routines.

• Alternative Arrangements: For extensive painting projects that might significantly inconvenience tenants,consider offering alternative arrangements. This could involve allowing them temporary use of another vacant unit or providing a rent reduction for the duration of the inconvenience.

Finding the Right Painting Contractor for Your Connecticut Rentals

Selecting a reputable and qualified contractor is essential for a successful painting project. Here are some tips:

• Get Multiple Quotes: Obtain quotes from at least three licensed and insured painting contractors in your area.

• Check References: Contact past clients and ask about their experience with the contractor's work ethic, quality, and communication.

• Review the Contract: Ensure the contract clearly outlines the scope of work, materials to be used, cost breakdown, warranty information, and payment schedule.

• Lead Certification: If your property was built before 1978, verify that the contractor has the required lead abatement certification.

Maximizing ROI with Strategic Painting for Connecticut Rentals

Investing in quality paint and professional painters can significantly impact the value of your rental property. Here are some strategies to maximize your ROI:

• Focus on High-Impact Areas: Prioritize painting high-visibility areas like the front door, living room, and kitchen for the most

16 / Financially Speaking

significant visual impact.

• Consider Curb Appeal: A fresh coat of paint on the exterior significantly enhances the property's street presence, attracting potential tenants. A fresh coat inside will help close the sale!

• Maintain Professional Finish: A wellpainted unit sets the tone for a wellmaintained property, allowing you to potentially command higher rents.

Reduce Maintenance Costs: High-quality paint lasts longer and is easier to clean, minimizing future maintenance needs for minor scuffs and marks.

Conclusion: Spring Painting - A Wise Investment for Connecticut Landlords

By taking advantage of the spring season and following these tips, Connecticut landlords and property managers can transform their rental properties into attractive and well-maintained spaces. This not only improves tenant satisfaction and reduces vacancy rates but also translates to a higher return on investment. Remember, a fresh coat of paint is a spring investment that keeps on giving throughout the year.

Here are some additional points to consider:

• Factor in Local Market Trends: Research rental prices in your area to understand the

potential impact of painting on rental income. A well-painted unit may justify a slight rent increase.

• Document the Work: Take high-quality photos of the freshly painted unit to showcase it in online listings and attract high-quality tenants.

Maintain a Regular Painting Schedule:

Establish a regular painting schedule for your rental properties, perhaps every 2-3 years, to maintain a fresh and inviting atmosphere.

17 / Financially Speaking

Spring and Summer Energy-Saving Tips

Article From: energy.gov

Here you'll find strategies to help you save energy and keep costs down during the spring and summer when the weather is warm and you are trying to keep your home cool. Some of the tips below are free and can be used on a daily basis to increase your savings; others are simple and inexpensive actions you can take to keep energy affordable through the spring and summer.

If you haven't already, conduct an energy assessment to find out where you can save the most.

USE YOUR WINDOWS TO KEEP OUT HEAT

• Install window coverings to prevent heat gain through your windows during the day.

OPERATE YOUR THERMOSTAT

EFFICIENTLY

• Set your thermostat at a temperature you find comfortable and that provides humidity control, if needed. The smaller the difference between the indoor and outdoor temperatures, the lower your overall cooling bill will be.

• Keep your house warmer than normal when you are away, and lower the thermostat setting when you return home and need cooling. A programmable thermostat allows you to do this automatically and without sacrificing comfort.

• Avoid setting your thermostat at a colder setting than normal when you first turn on your air conditioner. It will not cool your home any faster and could result in excessive cooling and unnecessary expense.

18 / Get Energy Efficient

USE FANS AND VENTILATION STRATEGIES TO COOL YOUR HOME

• Turn off ceiling fans when you leave the room. Remember that fans cool people, not rooms, by creating a wind chill effect.

• When you shower or take a bath, use the bathroom fan to remove heat and humidity from your home. Your laundry room might also benefit from spot ventilation. Make sure bathroom and kitchen fans are vented to the outside (not just to the attic).

KEEP YOUR COOLING SYSTEM RUNNING EFFICIENTLY

• For maximum energy affordability, schedule regular maintenance for your cooling equipment.

• Avoid placing lamps or TV sets near your room air-conditioning thermostat. The thermostat senses heat from these appliances, which can cause the air conditioner to run longer than necessary.

• Vacuum your air intake vents regularly to remove any dust buildup. Ensure that furniture and other objects are not blocking the airflow through your registers.

CONSIDER A RANGE OF APPLIANCES AND LIGHTING OPTIONS

• Consider lighting options that operate at cooler temperatures.

• If convenient, take advantage of daylight instead of artificial lighting, but avoid direct sunlight.

Wash full loads of dishes and clothes for better efficiency.

KEEP HOT AIR FROM LEAKING INTO YOUR HOME

• Seal cracks and openings to prevent warm air from leaking into your home.

• Add caulk or weatherstripping to seal air leaks around doors and windows.

LOWER YOUR WATER HEATING COSTS

Water heating accounts for about 18% of the energy consumed in your home.

• The Consumer Product Safety Commission recommends setting your water heater at no more than 120 degrees Fahrenheit to prevent scalding. The lower setting will also conserve energy and save money.

19 / Get Energy Efficient

Navigating Evictions in Connecticut: A Webinar for Landlords

The eviction process in Connecticut can be complex and stressful for landlords. Whether you're dealing with nonpayment of rent, lease violations, or other issues, it's crucial to understand your rights and responsibilities to ensure a smooth and legal outcome.

CTPOA is hosting a free webinar specifically designed to equip Connecticut landlords with the knowledge and tools needed to navigate the eviction process effectively. This informative session will be led by Venoal M. Fountain, Jr., a partner at HIRSCH, LEVY & FOUNTAIN, LLC, who exclusively handles summary

process eviction cases across Connecticut.

Here's what you can expect to learn during the webinar:

• An update on tenant screening practices that can help you select highquality tenants from the outset.

• The initial steps of initiating an eviction, including the notice to quit requirement.

• A breakdown of the different grounds for eviction in Connecticut.

• The pros and cons of settlements versus going to trial.

20 / The Legal Corner

• The benefits of stipulated agreements in eviction proceedings.

• What to do if a tenant refuses to leave after a court order.

• A clear timeline for regaining control of your rental property.

An opportunity to ask questions and get expert advice directly from the speaker.

This webinar is a valuable resource for any Connecticut landlord who wants to:

• Gain a deeper understanding of the eviction process.

• Learn strategies to minimize the risk of evictions.

• Protect their rental property investment.

• Navigate the legal aspects of evictions with confidence.

Date: May 30th, 2024

Time: 1:00 PM EST

REGISTER: https://ctpoa.com/ events/

Cost: Free for CTPOA Members, $10 for Non-Members

Don't miss this chance to gain valuable insights and guidance from a legal professional specializing in eviction cases. Register today!

In addition to the webinar, the CT Property Owners Alliance offers a variety of resources and benefits for Connecticut landlords, including:

• Educational & social meet-ups and webinars

• Discounts on real estate vendors

• Advocacy on legislative issues impacting landlords

By joining the CTPOA, you can stay informed, connected, and protected as a landlord in Connecticut.

21 / The Legal Corner

Let Us Bear Your Junk!

From: Rob Paradis, Owner of Junk Bear

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Website: www.junk-bear.com

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Services we offer: Junk removal/hauling

Dumpster area clean ups

Property clean-outs/ Estate cleanouts

Eviction clean ups

Lot clean ups

Appliance removal

Old furniture removal

Hot tub removal

Light demolition and more!

Have a tenant that has left a place trashed? Or left a large item next to the dumpster that waste management won’t take? Need a reliable service?

22 / Vendor Spotlight

Eviction Landscape in Connecticut: Why Tenant Screening Matters More Than Ever

The housing market in Connecticut, like many parts of the country, faces a complex challenge. Rising rents and a growing population put pressure on available units, while eviction rates have climbed in recent years. This creates a crucial need for landlords to find responsible tenants who will pay rent on time and maintain the property. Here, we'll delve into the current eviction landscape in Connecticut, highlighting the importance of comprehensive tenant screening in mitigating risks and securing stable tenants.

A Rise in Evictions: Understanding the Numbers

Data from the Eviction Lab paints a concerning picture. Connecticut saw a significant increase in eviction filings following the expiration of the federal eviction moratorium in August 2021. From December 2022 through November 2023, the state witnessed over 20,625 eviction filings, impacting roughly 3% of all renter households

(CT Insider). This translates to a concerning number of families potentially facing displacement and the associated social and economic hardships.

Understanding the reasons behind these evictions is crucial. While non-payment of rent is a significant factor, other issues like lease violations or property damage can also contribute. Unfortunately, the eviction landscape in Connecticut is about to become even less transparent.

A Data Gap: The Departure of a Major Eviction Data Provider

A major provider of eviction data recently announced its withdrawal from providing eviction data in Connecticut to screening providers. This means readily available, historical eviction data on a state-wide level may become scarce.

For landlords, this creates a significant knowledge gap. Without access to

24 / Tenant Screening Tips & Tricks

comprehensive eviction data, it becomes more challenging to assess potential risks associated with a particular neighborhood or tenant pool.

Tenant Screening: Mitigating Risk and Finding Responsible Tenants

In this evolving landscape, robust tenant screening becomes more important than ever. Tenant screening services offer a suite of tools to help landlords make informed decisions about potential renters. These tools typically include:

• Credit History Checks: A credit report provides insights into a tenant's financial responsibility and ability to manage rent payments.

• Eviction History Reports: These reports reveal past eviction filings, allowing landlords to identify applicants with a history of non-payment or lease violations. (Only TenantTracks continues to offer this crucial data in Connecticut)

• Background Checks: Background checks can uncover criminal records or other red flags that may indicate potential risks to the property or other tenants.

• Verification of Employment and Income: Verifying income ensures a tenant has the financial means to comfortably afford the rent.

Beyond the Basics: Comprehensive Tenant Screening

TenantTracks goes the extra mile to cross reference MULTIPLE data providers, which is

how they maintain the title for the most accurate tenant screening company in New England. This leading company ensures the landlords, property managers and REALTORS using their platform have as much available information about prospective tenants as possible and can enjoy peace of mind.

Unlike competitors, TenantTracks will continue to provide eviction data to customers. You can rely on this company as your go-to tenant screening platform, as rest assured, eviction data WILL continue to be available through TenantTracks. This data empowers landlords to make informed decisions and potentially avoid tenants who may pose a higher risk of eviction.

Investing in a Strong Screening Process

While tenant screening may require a small upfront investment, the long-term benefits outweigh the cost. Reduced vacancies, lower turnover rates, and fewer evictions ultimately translate to increased profitability and a more stress-free rental management experience.

Conclusion: Navigating a Challenging Landscape

The eviction landscape in Connecticut is evolving, and landlords face a knowledge gap with the recent departure of a major data provider. However, robust tenant screening empowers informed decision-making. By utilizing comprehensive screening tools like TenantTracks reports, landlords can mitigate risk, find responsible tenants, and promote a stable rental environment for everyone involved.

25 / 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.

May 2024

Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 CTREIA 21 CTREIA 22 23 CTPOA 24 25 26 27 28 CTPOA 29 CTPOA 30 CTPOA 31

Events & Meetings & Networking

CT Real Estate Investor Association

(CTREIA)

Next Meeting: May 20th

Time: 5:45 PM - 9:00 PM

Where: Sheraton Hartford

100 Capital Blvd. Rocky Hill, CT 06107

Contact: (860) 265-4414

About: Connecticut's Housing Challenge with Former Hartford Mayor Luke Bronin Register here!

CT Real Estate Investor Association (CTREIA)

Next Meeting: May 21st

Time: 6:00 PM - 8:00 PM

Where: CTREIA

415 Silas Dean, Suite 304A Wethersfield, CT 06109

Contact: (860) 265-4414

About: Opportunity is everywhere across the real estate market here in CT. Stop dreaming and ACT! Attend this CTREIA Workshop to begin your journey.

Register here!

Next Meeting: May 23rd

Time: 6:00 PM - 8:00

Where: Bad Dog Brewing

117 Water Street

Torrington, CT 06790

Contact: (800) 369-6153

About: This month we thrilled to have special guests joining us from Susan B. Anthony Project talk about their Domestic Violence Rapid Re-Housing Program. Program Director: Laura Mancini & Program Manager: Megan Smart go in depth on how the program operates.

Register here!

Connecticut Property Owners Alliance (CTPOA)

23rd PM Brewing 6153

we are special from The Project to Domestic Housing Director: Program Smart will the

Connecticut Property Owners Alliance (CTPOA)

Next Meeting: May 28th

Time: 6:00 PM - 8:00 PM

Where: Back Nine Tavern

245 Hartford Road

New Britain, CT 06053

Contact: (800) 369-6153

About: Commercial Energy Efficiency Programs

Tired of rising energy costs? Dive deep into smart solutions at our exclusive event on energy efficiency for commercial buildings.

Networking & Dinner

Master Energy: Understand resources & their impact & much more.

Register here!

Connecticut Property Owners Alliance (CTPOA)

Next Meeting: May 29th

Time: 6:00 PM - 8:00 PM

Where: Tiano Smokehouse

1388 E Main St

Meriden, CT 06450

Contact: (800) 369-6153

About: The Secrets to Creating 3 Pay Days Per Deal Without Cash Credit or Banks

Interest rates are rising with no ceiling in sight, competition is out of control, and banks are making it difficult for buyers to purchase traditionally. This event is FREE.

Register here!

Connecticut Property Owners Alliance (CTPOA)

Next Meeting: May 30th

Time: 1:00 PM - 2:00 PM

Where: Zoom Webinar

Contact: (800) 369-6153

About: The Ins and Outs of an Eviction

This webinar equips you with the knowledge and tools to navigate a smooth and efficient eviction process, minimizing downtime and protecting your rental property investment.

This webinar tackles evictions for landlords:

A Screening Update that can Affect the Quality of Your Tenants

Starting an Eviction & much more!

Register here!

Connecticut Owners

Name Contact Service

BestWay Mortgage, Brandon Parenti

Pro Property Management

The Law Office of Yona Gregory

Phone: (203) 441-4059

Website: Click here! Mortgages & Loans (Professional Services)

Phone: (203) 909-6333

Website: Click here! Property Management Services (Professional Services)

Phone: (860) 443-9662

Website: Click here!

The Brodrick Law Firm

Phone: (203) 758-8822

Website: Click here!

Attorney / Evictions (Professional Services)

Attorney / R.E. Closings (Professional Services)

TenantTracks

Phone: (888) 610-4710

Website: Click here!

Tenant Screening (Professional Services)

Tammy Enquist Canfield: Comparion Insurance Agency

ServiceMaster Restore by Recovery Solution

Eversource Energy

The Guarantors

Phone: (203) 695-3893

Website: Click here! Insurance (Professional Services)

Phone: (860) 735-4704

Website: Click here! Restoration (Maintenance & Tradesmen)

Phone: (800) 592-2000

Website: Click here! Energy Efficiency Provider (Suppliers & Wholesalers)

Phone: (720) 706-8902

Website: Click here! Rental Insurance (Professional Services)

Premier Real Estate Investment Group

Cesar L. Sousa, Real Estate Attorney

PosiGen

Pet Screening

Nick Minicucci: New England Residential Finance, LLC

Landlord Collection Agency

Junk Bear

First World Mortgage: Jesus A. Carrero

Phone: (860) 335-0681

The Miranda Team Home Inspections

Phone: (203) 583-8299

Real Estate Multi-Family (Professional Services)

Website: Click here! Attorney / Personal Injury (Professional Services)

Phone: (866) 767-4436

Website: Click here! Solar Panels/Green Energy (Maintenance & Tradesmen)

Website: Click here! Tenant Screening (Professional Services)

Phone: (203) 509-2717

Website: Click here! Mortgages & Loans (Professional Services)

Phone: (800) 369-6153

Website: Click here! Collection Agency (Professional Services)

Phone: (860) 378-2801

Website: Click here! Rubbish & Hauling (Maintenance & Tradesmen)

Phone: (203) 715-0961

Website: Click here!

Mortgages & Loans (Professional Services)

Phone: (203) 490-7855

Website: Click here! Home Inspections (Professional Services)

Name Contact Service

Marion Szarzynski, HomeBridge Mortgage Loan Originator

Circa Rent Collection

Jeff Zappone, Loan Officer at CrossCountry Mortgage

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

Dana M Guiliano

Phone: (203) 768-5098

Website: Click here!

Mortgages & Loans (Professional Services)

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

Attorney Emanuele A. Mangiafico

Reckmeyer & Reckmeyer, Law

Ranciato Public Adjusters Group, LLC

Website: Click here! Rent Collection (Professional Services)

Phone: (203) 592-3602

Website: Click here!

Phone: (203) 228-7564

Website: Click here!

Phone: (203) 419-5857

Mortgages & Loans (Professional Services)

Real Estate Residential (Professional Services)

Attorney / Evictions (Professional Services)

Phone: (203) 336-3144

Website: Click here! Attorney / Evictions (Professional Services)

Phone: (860) 827-8064

Website: Click here!

Phone: (860) 333-5677

Website: Click here!

Phone: (888) 298-9014

Attorney / R.E. Closings (Professional Services)

Attorney / Evictions (Professional Services)

Website: Click here! Public Adjuster (Professional Services)

Name Contact Service

Joseph V Scorese: Nationwide Direct Private Lender

Ironclad Property Management

Phone: (215) 290-5108

Website: Click here! Mortgages & Loans (Professional Services)

Phone: (860) 956-6825

Website: Click here! Property Management Services (Professional Services)

About the CTPOAVendor 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 Follow ADVERTISE WITH US! Become Visit: The Connecticut composed of REALTORS improve the business

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is of experienced property managers, REALTORS
working together to business conditions for rental property owners.
Visit:
Connecticut Property Owners Alliance
and landlords

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.

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