A question frequently asked by both tenants and landlords is what constitutes normal wear and tear on a rental property. Both parties of a rental agreement often have their own definitions of what “normal wear and tear” means, leaving much room for conflict at the end of a lease agreement. The term “normal wear […]
19
Jun
Jun
There are nearly 110,000,000 renters in the United States in 2015. That’s a lot of renting responsibility. With 32.6% of Maryland residents renting there is a definite need for property management groups to exist. Unfortunately, a lot of Maryland property management groups do exist making it difficult for landlords to decide which company to employ. […]
17
Jun
Jun
Whether saving for college, retirement, or just some rainy day spending money, many Marylanders are looking for ways to build an investment portfolio. Being a landlord seems like the perfect way to start making some easy, passive income. All you really have to do is find tenants, collect monthly checks, and occasionally call in a […]
16
Jun
Jun
Renting out your Baltimore County home can be a very lucrative business move. Increased cash flow, potential tax benefits, appreciation over time, and even the flexibility to sell later on are just some of the reasons to consider renting your home. There are many steps you can take to prepare your home as a rental. […]
10
Jun
Jun
Whether you have a small operation with a single property manager handling your rentals in Maryland, you do it alone, or you use a property management group, there may come a time when you need to change your management approach. Maybe you don’t have enough free time to keep up with the responsibilities, or […]
08
Jun
Jun
How useful are tenant references & which ones should you request from prospective renters? Whether you are managing properties in Anne Arundel County, Baltimore County, or anywhere else in Maryland, screening potential tenants can be a time-intensive process. Nonetheless, it is absolutely necessary. Requiring references on rental applications allows you to verify information and […]
05
Jun
Jun
Probably the most common question for most new landlords in Maryland is “How much should I charge for rent? While this is a good question, there are a number of additional considerations property owners must first address in order to arrive at a rental fee. What are the neighbors like? What does the property […]
14
May
May
Taking Advantage of Property Management Services in Maryland Trying to decide whether you should work with a property management company or handle the properties on your own? Many Maryland investment property owners are unsure which management method would work best for their situation. Whether you have rental properties in Prince George’s County, Montgomery County, […]
08
May
May
Maintenance and property upkeep can be a nightmare for many property owners in and around Baltimore. Unexpected appliance breakdowns, skipped routine maintenance, and unusually harsh weather can all lead to maintenance problems that eat into profit. Fortunately, there are proactive ways to reduce costs over time, including scheduling routine upkeep, investing in quality supplies and […]
01
May
May
Depending on your tenants, collecting rent is either your favorite time of the month, or your worst nightmare. When you have reliable, high value tenants, your investment in rental property truly pays off, but when tenants repeatedly pay late – or not at all – it can take the joy out of owning real estate. […]