The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]
Category Archives: Property Management in Maryland
14
Sep
Sep
Operating a rental business requires owners to establish many different processes to remain organized and efficient. Of these, one of the most vital is financial record keeping. That said, failing to maintain organized data as your portfolio grows can quickly become overwhelming and spell disaster. For landlords, choosing the right bank for your business is […]
08
Sep
Sep
Confusion, frustration, and fear are all words that could easily describe the ever-changing COVID-19 eviction moratorium. As the months’ tick by, both landlords and tenants face uphill battles of a different kind. Plus, navigating the laws and relief program requirements can prove daunting. As the Federal Eviction Moratorium issued by the CDC expired, states and […]
27
Aug
Aug
Being a landlord is no easy task. While it definitely has its benefits, sometimes the negatives outweigh the positives. Managing the day-to-day rental properties can be a demanding, time-consuming job that can take over your life. If managing your investment has started to feel like a burden, you may already be looking for a solution. […]
10
Aug
Aug
The benefits of a working smoke detector are not hard to imagine. During a five-year period in the US alone, departments responded to over 350,000 residential fires. Whether accidental or intentional, dwelling fires are a significant risk to the safety of occupants, neighbors, and emergency services. In Maryland, new state laws several years ago aimed […]
05
Aug
Aug
In a competitive rental market, landlords have to make every effort to gain the attention of prospective tenants. With capturing the market share as a goal, evaluating employment rates, neighborhood growth, along with rental supply and demand are all key factors to an investor’s success. Today we take a look at a few essentials to […]
20
Jul
Jul
Upwards of 70% of today’s renters own a pet, yet finding accommodating housing can prove challenging. For landlords, accepting pets comes with some inherent risk, yet not accepting them severely limits the pool of prospects. That said, allowing pets requires landlords to create strict policies and require extra fees to help protect your valuable investment […]
19
Jul
Jul
For many reasons, living close to your rental investment property may not be possible. While living close by does make things easier, being a long-distance landlord can work if you are prepared. Modern technology and services allow investors to purchase property anywhere to get the most out of their portfolios. Join us below as we […]
13
Jul
Jul
Facilitating property tours for prospective tenants is an essential part of being a landlord. In fact, this step in the process is just as crucial as marketing to and screening potential renters. Most landlords realize that showing their property in the best possible light is crucial. Sometimes a deep clean, staging furniture, or boosting […]
24
Jun
Jun
The goal of any rental property business is to generate sustainable income and profit. However, even as the profits begin to roll in, it is important to plan for every contingency. Most rental markets experience some ebb and flow throughout the year. So, careful financial planning will ensure you save exactly what you need to […]