Deciding to start your own Montgomery County rental property business is an exciting time. There is so much that goes into investing in your first property, placing your first tenants, and of course, managing your first rental property. And, if you choose the hands-on approach and decide to manage your own property, you get to […]
Category Archives: Owning a Rental Property in Maryland
21
Nov
Nov
Speed vs. Quality: Interviews and Screening Tenants Most landlords dream of filling a vacancy almost immediately. But, when trying to put someone into their empty properties as quickly as possible, they often ignore proper screening processes. If you don’t go through the proper screening and interview process, the tenant may end up violating the terms […]
16
Nov
Nov
First-time landlords in Montgomery County make up a unique group of people. Some are homeowners looking to upsize or downsize and thus want to lease their home; some are investors seeking ways to fund their retirement or quit their corporate jobs; while others are accidental landlords, who for one reason or another, must turn their […]
10
Nov
Nov
Homeowners associations in America don’t have the best reputation. They have a history of complaints of abuse, mismanagement, and wasted finances, and things don’t seem to be changing. However, there are some benefits to investing in a home that is part of an HOA. The best thing to do is, before you invest in a […]
02
Nov
Nov
Homeowners associations (HOAs) are gaining popularity all across the state of Maryland and property owners are flocking to purchase property that is part of an HOA. Take a look at this list to get an idea of just how many HOAs there are in existence right now, with additions consistently being made. So why […]
20
Oct
Oct
Rental fraud: What is it and how can Maryland landlords avoid it? For those of you who have yet to experience the horror of rental fraud, we are here to explain to you exactly what it is. Rental fraud is when someone who is not you or your Maryland rental management company claims to own […]
19
Oct
Oct
Property management companies in the Harford County area are a specialized section of the rental property business. Offering property owners years of experience and specialized knowledge in managing multiple rentals, property management companies have the potential to add real value to your rental homes as well as boost your positive cash flow. Unfortunately, not all […]
15
Sep
Sep
If you’re interested in becoming a property owner in Maryland, I have some exciting news for you: Now is a great time make it happen. More and more people are opting to rent rather than own due to the high costs of home ownership, the desire to change location frequently, and various other reasons. On […]
09
Sep
Sep
Collecting rent is one of the most important tasks you’ll handle as a landlord. If you can’t collect rent consistently, your rental property business won’t earn you the income you need to pay the bills. And for some landlords, collecting rent can be a serious challenge. Even with a solid lease agreement in place – […]
21
Jul
Jul
If you own a rental property in a prime vacation spot, you have probably questioned whether it is better to lease your home to as a short-term rental to those on traditional vacations or on more of a long-term basis. Independent property owners and property management groups looking to lease out rental properties for varied […]