Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Landlords are required to follow rules while handling the money of their tenants. One of them relates to the security deposits that they collect when someone first moves in. Tenants are supposed to earn interest on their deposits at a rate defined by the state. For many years (since 2002) the state held the required security deposit interest rate at 1.5%. This page on the CT Department of Banking site shows the historical interest rates
On Thursday, October 29th, the West End Civic Association (WECA) Planning & Zoning Committee met to begin a conversation about many of the zoning-related issues that the neighborhood found contentious during the past year. The agenda listed density as the main topic, with specific mention of converting existing properties to include more approved units, new condo and multi-unit developments, fairness issues around illegal rentals, accessory dwelling units, the financial impact of zoning decisions on homeowners,
A little over two years ago, Kyle and I thought it would be a good idea to become investment property owners. My career was in real estate and we wanted to talk knowledgeably to clients about being landlords, in addition to diversifying our investment portfolio. Our property search began and we identified a tiny condo in West Hartford that appeared to be a cash flow positive investment and took the plunge. Today, as of 11:30am,
Should the threat of rising sea levels factor into the real estate decisions of home buyer or home owners? We hear frequent debate about whether the globe is warming, and if so, whether or not our civilizations and lifestyles are the cause. We also hear about large chunks of ice that break off into the ocean. But we do not hear much about specific consequences of rising sea levels in the news. Satellite images show
I had some downtime last night, so I decided to look through the MLS to see how the multi family markets are holding up in the current environment. Although multi family properties can be found throughout the region, they make up a small fraction of the overall residential market in most towns. I started by identifying the towns in which they represent a meaningful portion of the housing stock, which makes the data more interesting