Top City Searches in Connecticut
Connecticut: The Constitution State
Connecticut has an estimated population of 3,605,944 residents. Hartford serves as its capital city, though Bridgeport is its largest. Connecticut is known for its thriving economy, high per capita personal income, and expensive real estate. It is also home to several prestigious colleges and universities such as
Yale University, the
University of Connecticut, and
Trinity College.
Arts and culture also thrive in Connecticut. The state is home to performing arts companies such as the
Connecticut Repertory Theatre, the
Yale Repertory Theatre, the
Connecticut Ballet, and the
Connecticut Lyric Opera. There are also several museums and galleries in Connecticut, including the
Mystic Seaport Museum, the
Yale University Art Gallery, the
Mark Twain House & Museum, the
Wadsworth Atheneum Museum of Art, the
New Britain Museum of American Art, the
Yale Peabody Museum of Natural History, and the
Florence Griswold Museum.
Other attractions include
Connecticut's Beardsley Zoo, Gillette Castle State Park, the
Connecticut Science Center, Hammonasset Beach State Park, the
Maritime Aquarium at Norwalk, Kent Falls State Park, and the
Stamford Museum & Nature Center.
The State of Connecticut's Rental Market
Connecticut has long been known for its real estate market. Even with the pandemic, the Constitution State saw
a price increase in homes in the second quarter of 2021. The
median sale price in the state is $312,000, which signifies a 4% year-over-year change. This is perhaps why one-third of the population are renters. In fact, 33.9% of Connecticut's residents rent their homes.
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Aside from a decent pool of tenants, Connecticut is a good place to invest in rental property because of its high rental rates. Here, landlords charge a median monthly rent of $1,180, which is a little more expensive than the national median.
Image via deptofnumbers.com
Though, it is worth noting that Connecticut has a high vacancy rate compared to some states. In 2019, the state had a vacancy rate of 6.37%, whereas the national vacancy rate at the time was 5.97%.
How a Connecticut Property Management Company Can Help
While imperfect, Connecticut's rental market has attractive qualities. This is precisely why many investors are looking to buy rental properties in the Constitution State. However, managing rental property in Connecticut is not as easy as it looks, especially if you have no background in rental management. Landlords also normally have inadequate time to concentrate on managing their rentals. With a 9-to-5 job and personal responsibilities, this comes as no surprise.
This is where a Connecticut rental management company comes in.
With a professional service, landlords can rest easy knowing their investments are in capable hands. A property management company can shoulder all of the duties and responsibilities that landlords normally perform. These duties include but are not necessarily limited to:
- Property listings and marketing
- Tenant screening
- Property showings
- Rental rate setting
- Lease agreement preparation
- Property inspections (during the moving process and routine)
- Rent collection
- Lease terms enforcement
- Maintenance and repairs management
Furthermore, a property management company can assist you with budgeting and financial management as well as tax preparation. Should you ever need it, a company can also help you process evictions. Property management in Connecticut does not need to be hard. With experienced professionals by your side, you can just sit back and wait for the checks to come in.
Search for the Best Property Management in Connecticut
Rental Choice boasts an inclusive
online directory of rental property management companies in Connecticut. Our easy-to-use layout means you never have to waste time searching for a local property manager. Just enter your state, city, or zip to search for and contact professional rental management companies in your area. Because of our open-source format, we allow you to directly contact any of the Connecticut property management companies in our directory.
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