Connecticut Real Estate provides full-service property management, which includes:
- Rent – Leasing
- Repairs & Maintenance
- Landlord -Tenant Law
- Budget & Records
Working with Connecticut Real Estate means you don’t have to worry about marketing, tenant screening, leasing, collecting rents, handling maintenance and 24-hour emergencies, tenant complaints and evictions.
We provide both client portal and landlord portal. Client portal gives the tenant access to paying online. Landlord portal gives you access to see all your transactions.
Connecticut Real Estate provides move in and move out inspections. Quick turn over to
provide loss of income.
Contact us today so we can do a full evaluation of your rental property whether it is one unit or many so we can maximize your income.
Ann Deneutte is a Certified Occupancy Specialist, Tax Credit Sspecialist and I maintain a Fair Housing Certificate. I work full time in the Property Management field.
Kim Smith In addition to being a REALTOR, Kim works in property management as a Compliance Coordinator and has earned the Certified Occupancy Specialist and Fair Housing Specialist designations.
About our owner/broker Steve Schappert who owns Connecticut Real Estate Brokerage LLC & BIOS Building Technologies has written and published 5 books on real
estate and home improvement. Steve is a renovation contractor and marketing expert. The Connecticut Broker was featured as a speaker/teacher in Las Vegas in 2007 at the National Association of Exclusive Buyer Agent giving a 3-hour presentation.
Dealing with rent issues is one of the most common responsibilities of Connecticut Real Estate. This includes:
- Setting Rent: Connecticut Real Estate is responsible for setting the right rent level to attract tenants to your property. They understand the market where the property is located and have looked at comparable properties in the area.
- Collecting Rent: They ensure optimal cash flow by setting a date to collect rent each month and strictly enforcing late fees.
- Adjusting Rent: Connecticut Real Estate can increase the rent by a fixed percentage each year, according to individual state and/or municipal law. They can also decrease the rent if they feel it is necessary.
Managing tenants is another core responsibility of a property manager. They are involved in all areas, including:
- Finding Tenants: Property managers are responsible for filling vacancies. They know where to advertise the rental and what to include in their ads. They also understand what attracts tenants, so they can offer tips to help makeover the property.
- Screening Tenants: Property managers should have a consistent screening process, including running credit checks and criminal background checks, which can decrease your chances of being accused of discrimination. Experienced property managers have seen hundreds, even thousands, of tenants, so they have a better idea of how to select the right tenants; those who will pay their rent on time, have a longer tenancy and create fewer problems.
- Handling Leases: This can include setting the lease term and making sure it has all the necessary clauses to protect the owner. This includes determining the amount of security deposit required.
- Handling Complaints/Emergencies: They are paid to deal with maintenance requests, noise complaints and they have the necessary contacts to handle emergency situations.
- Handling Move Outs: When a tenant moves out, the manager is responsible for inspecting the unit, checking for damages and determining what portion of the security deposit will be returned to the tenant. After move out, they are responsible for cleaning the unit, repairing any damages and finding a new tenant.
- Dealing With Evictions: When a tenant does not pay rent or otherwise breaches the terms of a lease, the property manager understands the proper way to file and move forward with an eviction.
3. Maintenance and Repairs
Connecticut Real Estate will keep the property in a safe and habitable condition. Connecticut Real Estate is responsible for the physical management of the property, including regular maintenance and emergency repairs.
- Property Maintenance: This includes performing preventative property maintenance to keep the property functioning in top condition. For example, they are personally in charge of or must hire someone to, exterminate, check for leaks, landscape, shovel snow and remove the trash. This maintenance aims to keep current tenants happy and attract new tenants.
- Repairs: When there is an issue, Connecticut Real Estate must fix the problem or hire someone else to do it. They often have a large network of reliable plumbers, electricians, carpenters, and other contractors.
4. Knowledge of Landlord-Tenant Law
Connecticut Real Estate has an in-depth knowledge of statewide and national laws regarding the proper ways to:
- Screen a Tenant
- Handle Security Deposits
- Terminate a Lease
- Evict a Tenant
- Comply With Property Safety Standards
- Other Employees: If there are other employees in the property, such as a concierge or security personnel, Connecticut Real Estate is responsible for making sure they are doing their job. The property manager can set their salaries and even fire them.
- Vacant Properties: Connecticut Real Estate can look after vacant properties to make sure there has been no vandalism and to perform routine maintenance. They also make sure contractors and other repairmen are completing their work in a timely manner.
6. Managing the Budget/Maintaining Records
Connecticut Real Estate can manage the budget for the building and maintain all important records.
- Managing Budget: Connecticut Real Estate must operate within the set budget for the building. In certain emergency situations when the occupants (tenants) or physical structure (investment property) are in danger, they may use their judgment to order repairs or likewise without concern for the budget.
- Maintaining Records: Connecticut Real Estate will keep thorough records regarding the property. This should include all income and expenses; list of all inspections, signed leases, maintenance requests, any complaints, records of repairs, costs of repairs, maintenance costs, record of rent collection and insurance costs.
7. Responsible for Taxes
- Connecticut Real Estate can assist the property owner with understanding how to file taxes for the investment property.
- Connecticut Real Estate can also assist with filing taxes for the property.
“Property management is the operation, control, and oversight of real estate management indicates a need to be cared for, monitored and accountability is given for its useful life and condition. This is much akin to the role of management in any business.
Property management is also the management of personal property, equipment, tooling, and physical capital assets that are acquired and used to build, repair, and maintain end item deliverables. Property management involves the processes, systems, and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.
For example, the owner of a single family may engage the services of a property management company. The company will then advertise the rental property, handle tenant inquiries, screen applicants, select suitable candidates, draw up a lease agreement, conduct a move in inspection, move the tenant(s) into the property and collect rental income. The company will then coordinate any maintenance issues, supply the owner(s) with financial statements and any relevant information regarding the property, etc.” –Wikipedia