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.
Image via towncharts.com
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:
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.
- 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
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.