Owning a rental property can be stressful, especially during tax time. A rental owner’s countless tasks and responsibilities near tax time can get extremely overwhelming. That said, many rental homeowners prefer to hire a professional accountant rather than file taxes themselves. However, it’s still good for investors to evaluate finances and plan for tax season. […]
Category Archives: Owning a Rental Property in Maryland
Handling lease agreements is one of the most important aspects of any rental business. Without a solid lease agreement, property owners can get damages beyond their budget. In addition, lease agreements are helpful to determine the rights and responsibilities of both the tenant and landlord. That said, sometimes circumstances pop up, and a lease may […]
Can Landlords Evict Tenants in Maryland? If you’re not a landlord or you’ve never lived in a rental property before, perhaps you don’t know what an eviction is. An eviction is the removal process of a tenant from a rental property. Evictions are legal processes filed by landlords and can occur for various reasons. So […]
What are Low-Income Housing Investments? While most real estate investors look for “nice” properties to invest in, some opt for low-income housing investments instead. As a result, investors can purchase affordable housing properties and create living solutions for families while also making a generous profit. If you are curious about affordable housing investments and how […]
For rental property owners, maximizing your investment is the goal. Sometimes, this involves remodeling, upgrades, or even home additions. For example, one common question investors have – “is it worth it to add a finished basement to a rental?” While this is one upgrade with excellent ROI potential, the cost can sometimes be out of […]
When you are a rental property owner, it’s essential to keep updated with your tax responsibilities. Real estate investors are expected to report their total rental revenue on their tax returns at the end of each year. During this time, investors must declare all payments they receive from tenants as rental revenue. From there, property […]
Although real estate is known for being a stable and overall profitable market in the United States, the past few years have been unusual due to the Covid-19 pandemic. Because of this, we saw some significant changes in inventory and property prices across the country. However, now that we are approaching a new year, investors […]
When renting an apartment or home, many things require you to work with your landlord—for example, paying rent each month, submitting maintenance requests, and taking care of emergency issues that arise within your rental. Unfortunately, if you are dealing with a bad landlord, it can make these things extremely difficult to do. That said, if […]
Rental property owners have many compliance items to attend to before renting their home. One of which is the rental license. In most areas across the country, landlords must obtain a rental license before advertising the property to tenants. That said, the process of getting this license may vary but generally includes an application, inspection, […]
Although communities throughout Maryland have faced a shortage of affordable housing for some time, the COVID pandemic only exacerbated the situation. In response, Montgomery County Council members Evan Glass and Sidney Katz introduced the Housing Justice Act. Thus, creating more opportunities to combat housing discrimination and open doorways for individuals and families alike. For landlords, […]