Mandy Picks Up 10 Houses For $2.2M

So, the exodus of home owners and small landlords to absentee, foreign investors continues, now encouraged not only by the Housing Court and NHLAA, but Lamont and Elicker. Soon, Elicker will get the city of impoverished, dependent renters he wants.

Sad!!! They are slumlords AND the world know it!!!

I noticed 135 Cliff St. sold at $161,950 which seems a bit low for that exclusive area of the city. It's a 9 room home with 5 bedrooms, 5 bathrooms and 3 fireplaces. The city has it assessed at $69,370. Sounds like a good deal to me. http://gis.vgsi.com/newhavenct/Parcel.aspx?pid=14286

Is there any way for the City to regulate the posting of those unsightly MANDY MANAGEMENT signs on all their properties across New Haven. These signs, usually large, looking more like real estate billboards, are an eyesore to the public.
They have no aesthetic value. They detract from neighborhood beauty. The only serve the purpose of announcing to the public that these are Mandy properties.
People have a right to own property, by there must be some rule or law that allows the city to regulate signs, their size, or even the right to post them on residential property in residential neighborhoods.

Just Curious: The city has it appraised at $170K, $100 for the land and $70 for the building. It has a flat roof, was built in 1925, last sold in 1968, and is rated 10% good. My guess is it is a Grey Gardens type of place, in need of a lot of work, pretty much gut rehab with complete replacement of plumbing and electrical. Heck, it could have knob and tube, and likely rotting cast iron soil drains and copper supply lines.

Thomas Alfred Paine: Most towns have regulations on signs in their zoning codes.

300 West Elm is curious. It is listed as single family, in a neighborhood of upscale homes.
https://gis.vgsi.com/newhavenct/Parcel.aspx?Pid=25250
Does Mandy intend to carve it up?

Wow, reading what JustCurious wrote.. I would love to know that as well. The zillow estimate is $1,025,000. How is it appraised and assessed so low?

1644- Sadly, you are exactly right. Absentee landlords don't have exclusive rights to be slumlords but many sure have done a really good job of helping create/spread slum housing. Pair that with mega-banks owned by international banking cartels, local family businesses buried by big box corporate Goliaths, and the sale of private homes to carpetbagging out-of-staters who couldn't care less about what happens beyond their property line and you have the makings of a neo-feudal or ( dare I say it), plantation society. A slipping middle class is crushed under high costs and high taxes. The poor are equally crushed . Those who can escape are bailing. The rest are assuming their inherited position of peasants and maybe someday serfs.
A poor, dependent, crushed working class, dependent on handouts and public charity, are the perfect servile population for elite and powerful. This has been the true situation of most of humankind. The post- WWII era was an aberration. BTW--- Happy VE DAY! Anyone know what that is anymore??

Mandy Management is quite possibly the worst management company in New Haven. They are slumlords and knowingly rent to drug dealers. When you call the management company they ignore the fact that you tell them that they have drug dealers in their apartments, "Call the police that's not our problem." Their staff at the office on Whalley are very rude and unprofessional, "We do not own the properties, we manage them. Call the police". How they can legal monopolize the housing market in New Haven is very interesting, when it is a known fact they are slumlords. " In good times and bad, we reaffirm our commitment to New Haven every time we purchase a property. " The only "commitment" they have is to themselves and lining their pockets. Most of them likely do not live in New Haven, don't know the residents, don't care about them, due to cultural differences. They need to be investigated. I'm asking that Mayor Elicker investigate this conglomerate and stop the monopoly that they have on the housing market in New Haven. Homeownership for lifelong residents has become extremely difficult when you have one management company who controls a good portion of properties in New Haven. They have circumvented monopoly laws by having properties under numerous holding companies which are all managed by their management company. They are shrewd businessmen but they must be stopped. Toni Harp didn't stop them, she was terrible. I hope Elicker does what he can to put an end to Mandy Management and all of the owners they represent.

While on the topic of appraisals, if you look at the sale prices of large commercial size apartment buildings over the last five years, almost all of them have sold far above the appraised value. These large apartment buildings are being appraised at a much smaller percent of their actual sales price when compared to single to 3-family homes. There should be an adjustment to even this out. If the large apartment building appraisals are adjusted up to more closely reflect sales prices, then either average homeowners taxes could go down or many of the budget problems would be reduced or disappear.

Note to above discussion about Cliff Street: that property is mostly in Hamden. Pays taxes in both jurisdictions. Sorry to dampen conspiracy theories.

135 Cliff Street is one of several properties along the border of New Haven and Hamden that are actually split between the two towns. Part of the property is in New Haven, but most of it is in Hamden. Here is the property card for Hamden, which appraises the property at over $500K:
http://gis.vgsi.com/hamdenct/Parcel.aspx?Pid=4

Found it amusing to go through the list of 10 houses picked up by the Mandy group. I owned 2 of them in the early 1980s and dated the occupant of another in 1970.
Connections to 30%
New Haven is a small town

Ex-HVN: No doubt, the blue plaque status those properties have due to your residence has enhanced their desirability!

Paul Bass: Darn it Paul, why do you have to spoil our fun. Don't you know your commentariat, me included, loves a good conspiracy theory?

@1644
I owned, not resided in two of them. When I lived in New Haven I invested in New Haven property. When I left New Haven, I sold all my property, I would not be an out of town landlord leaving control to a management company.

@1644
300 West Elm is a tiny single family house built in the 1700s on the corner of Forest Rd. It does have a tennis court that had originally belonged to the house above t on Forest (I was close friends with the owners in the 1970s and was there often). I believe one of the Greers/Hack bought it and may have intended to move in before they quit town and it became part of their rental portfolio.

I have to agree with CityYankee, I'm afraid that Yale soon will be overtaken by Mandy and Pike and the other mega landlords buying up property all over town and having a monopoly on real estate in New Haven and Hamden. The aging and shrinking middle classes can't afford the property taxes and property insurance and upkeep. The working class will be forced to pay whatever rents these mega landlords charge, for properties that are not being taken care and rented to whoever can afford the rent, regardless of the anti-social behavior and quality of life issues they may have. We are heading into serf/lord territory where a very few rich enjoy the profits from the suffering and expanding poor and working class.

I am heartened by the bitter, nasty tone of these comments. It's a first sign that things are beginning to return to normal.

You guys realize that Mandy isn't an out of town landlord, and neither is Pike. They are both based in new Haven and the owners live in new Haven as well.

C Boomer. The reason you have to call the police is because Connecticut law is so restrictive on landlords that the only way for them to deal with your issues is to try to evict the tenant which take thousands of dollars, and several months at least, if they're even successful which is unlikely without extensive evidence. And even if they finally get them to court, legal aid or Yale law students are ready to drag the process on for months longer.

Manofthepeople

Not a fitting name for you at all. Mandy Management is on Whalley Ave most of the holding companies' owners do not live in New Haven, look them up. As for the eviction process it is NOT as lengthy as you would like to make it sound. Yes, there is more recourse for tenants is this state with the laws that favor the tenants over the owners but when the eviction process is followed accordingly tenants are removed in a reasonable time frame, although it may not be fast enough for some landlords. It also depends on the judge on the bench at the time of the hearing. Now Mandy May have a much lengthier process seeing as the properties they manage are not well kept. But that was a pretty good defense for Mandy, if you were speaking to someone that didn't know the process. Perhaps you're an owner of one or more of the properties Mandy Manages.

Paul Bass and New Haven Urbanism, thanks for clarifying re. Cliff St. Glad to hear there's a valid explanation. I don't think questioning what appeared to be a very strange tax situation makes someone a conspiracy theorist.

The ownership of Mandy managed properties is opaque, with shell companies within shell companies. My understanding is they are mostly out-of-state and foreign, particularly New Yorkers and Israelis. For Real Estate Group XV, the managing principal has a Brooklyn address.
https://www.concord-sots.ct.gov/CONCORD/online?sn=PublicInquiry&eid=9740

Note, NETZ USA , principal of Real Estate Group XV, has a Tel Aviv address.
https://www.concord-sots.ct.gov/CONCORD/online?sn=PublicInquiry&eid=9740

These people are Slum lords. They buy everything they can and only make the property less valuable. The worst of the worst.

C Boomer thanks for the accusation, I guess the conspiracy theorists really are active here!

My point was specifically in regards to trying to evict people for drug use/dealing drugs never works for a landlord, and takes many months. Normal evictions tend to take 90-120 days. Whether or not that is too long for a regular eviction is a different story.

C Boomer: How do you know there is drug dealing going on? What non-hearsay evidence can the landlord present? Would you be willing to spend a day in court to testify, if you have admissible evidence? As it is, a large part of New Haven's population believes all drugs should be legal. Yale Medical School was advising people to prepare for quarantine by stocking up on illegal drugs because lock-downs might be getting to regular dealers difficult. Drug dealing is considered a non-violent crime, so we would not want to arrest drug dealers. After all, an arrest would be a black mark for them, the harm reduction model embraced by New Haven and Connecticut is all about reducing harm to those who do not conform to society's laws, not protecting the public. Heck, NHPD lately announced how proud it was that it was making fewer domestic violence arrests, even though teh number of domestic violence calls is pretty flat.

NEO-FEUDALISM

https://en.wikipedia.org/wiki/Neo-feudalism