The effects of the COVID housing crisis will be felt in the rental industry for years to come. While new legislation protected tenants from unpaid rent evictions, landlords with non-paying tenants found little relief or sympathy for their own financial wellbeing. As current orders are set to expire, the day of reckoning is coming. So, […]
Category Archives: Property Management in Baltimore
21
May
May
Part of being a successful landlord is preparing for all necessary and unexpected rental property expenses. However, for new landlords or investors, this is easier said than done. When it comes to determining income and profits, there are plenty of helpful online ROI calculators. That said, estimating expenses involves many variables that landlords can easily […]
22
Apr
Apr
Apart from the lease, a rental application is the most important document in the rental process. For tenants, having the required documents at the ready will help you jump on great listings in a competitive market. After all, having your first choice property swept out from under you is an awful experience. So, to boost […]
22
Mar
Mar
As more and more Baltimore residents receive the COVID-19 vaccine, the hope is that life may soon return to normal. That said, anyone involved in the rental industry will likely feel the pandemic’s effects long after it is gone. Many tenants in Baltimore City have lost hours or employment altogether, making it difficult to make […]
16
Feb
Feb
Disputes over a tenant’s security deposit can cause stress and even court battles for property owners. That said, handling a security deposit is not as simple as collecting the amount you want and keeping it to cover any repairs at the end of the lease. Instead, careful preparation, a legal lease, and knowledge of the […]
22
Dec
Dec
Choosing a bank that has the right services for your rental property business needs involves careful consideration. After all, you do not want to entrust your money to a bank led by someone such as William R. Beamon. Beamon swindled more than $20,000 in rent payments and security deposits from unknowing tenants. To top it all […]
11
Dec
Dec
Maryland is full of quaint towns, bustling cities, and the suburban countryside that attract renters to everything the Old Line State has to offer. The growing trend towards single-family homes provides investors a great opportunity to take advantage of low-interest rates and high demand. So, join us below as we track down the state’s best […]
30
Nov
Nov
Landlords have many questions about their rights surrounding Section 8 requirements and restrictions. Can landlords refuse to rent to a voucher holder? No. In Baltimore City, landlords cannot refuse a tenant based on them having a housing voucher. Additionally, Fair Housing Law protects Baltimore City residents from discrimination based on the source of income, which […]
04
Nov
Nov
Can a landlord limit the number of tenants in their rental? It is a question on many landlords’ minds—some worry about mitigating overcrowding, noise, utility usage, and potential wear and tear. In short, yes, there are limits to the number of occupants allowed in rental properties and it’s important to have a clear occupancy policy. […]
16
Oct
Oct
Vacancy; a costly and scary word for landlords everywhere. While there are many steps owners can take to fill their property quickly, including effective marketing and competitive pricing, sometimes prospects need an added push. Move-in specials or incentives give landlords a competitive edge over the local competition. Moving can be expensive, and renters look […]