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 […]
Category Archives: Tips for New Landlords
07
Oct
Oct
If you have ever leased an apartment or home, you will likely be familiar with the lease agreement that was signed by both you and the landlord. Yet, have you ever thought about the actual components that make up a lease agreement? If you have not, and are thinking about using your Harford County home […]
06
Oct
Oct
Once your Bethesda property management company has found a suitable tenant for your rental home, and you have agreed on the terms and conditions of the lease, it is time to place those terms on paper in the form of a legally binding contract.This contract, also known as the lease agreement, is a formality that […]
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 – […]
01
Sep
Sep
When a new tenant moves into your property, it’s time to start generating income from your investment. And not just from the first month’s rent – you have two other instant revenue options as well: the last month’s rent and the security deposit. Both of these are excellent ways to test a tenant’s financial stability […]
05
Aug
Aug
Becoming a Prince George’s County landlord is simple. Buy a property, place some tenants, collect rent, and call yourself a landlord. Right? Wrong. Though at its core being a landlord is exactly that, the truth is there is much more to being a PG County landlord, especially if you want to be successful. You must […]
01
Aug
Aug
Determining the amount you want to charge for your Baltimore County rental property can be a delicate balancing act. Charge too much and you will surely experience high vacancy rates. Charge too little and your rental property business will suffer in the form of negative cash flow. So, how do you go about deciding the […]
21
Jul
Jul
One of the most important parts of the tenant screening process is to make sure the prospective tenant has verifiable employment and income. This tenant screening process is important for two reasons: It helps you ensure that the applicant has the income to pay rent regularly and on time. It helps you ensure that the […]
01
Jul
Jul
At first, renting out your Baltimore County property to your friends and family might sound like a great idea. You know more about them than your other tenants, and you know that they’re good people. You think that if a problem were to arise, you’d be able to handle it swiftly and without hassle because […]