Fort Meade, Maryland, offers residents the best of both worlds. It has a small town suburban feel with direct access to downtown Baltimore and Washington D.C.
Since it is also home to vibrant industries, including the National Security Agency and Defense Information Systems Agency, Fort Meade will always be relevant on a national scale.
As a result, owning real estate in the area can provide an excellent opportunity for personal financial growth.
4 Reasons Benefits of Owning an Investment Property
How diverse is your financial portfolio? If it’s like most people, your assets are tied up in savings accounts, retirement funds, stocks, and bonds.
While there is nothing wrong with these safe investments, you can’t begin to compare them with the return rates of investment properties.
In the Fort Meade area, specifically, investment properties offer massive returns and a long list of benefits. Here are a few:
- Monthly Cash Flow.
Depending on the type of property you invest in, you can realistically expect a positive monthly cash flow from your investment. In some cases, this can be as much as a few hundred or thousand dollars each month. How’s that for a high ROI?
- Safe Diversification.
Investing in real estate is one of the safest portfolio diversification decisions you can make. It will not only compliment your existing investments, but real estate has a proven long-term track record of consistent growth.
- Financial Write-Offs.
Regardless of whether you earn a positive monthly cash flow from your investment properties, the tax write-off opportunities can make this decision worthwhile. Most property owners are entitled to massive deductions by writing off mortgages, property taxes, insurance, legal fees, maintenance repairs, and even travel expenses.
- Prime Location.
As previously mentioned, there are few locations in Maryland that are better than the Fort Meade area. With location being the primary factor in an investment’s valuation, Fort Meade simply makes sense.
Property Management in Fort Meade: Choose the Professionals
After choosing to invest in real estate, the next most important decision is whether or not you will use a property management company.
While it can be tempting to handle everything on your own, it’s crucial that you learn how to relinquish control and allow the professionals to handle your property management in Fort Meade.
A professional property management company works alongside you to develop a strategic plan for attracting and retaining tenants while reducing costs and increasing cash flow.
This is done through careful tenant screening, effective management of repairs, carefully drafting legal contracts and forms, and reducing turnover rates.
In addition to handling tenants, a property management company can assist with taxes, collection processes, marketing, and advertising. This allows you to focus on your overall financial portfolio, as opposed to wasting time with the small details of each investment property.Start Maximizing Your Rental ROI Today
Why Choose Bay Management Group?
Because real estate is a popular form of investing, there are dozens of local property management companies in the area. However, Bay Management Group stands apart from the rest for a number of reasons.From the dedicated client-focused approach to our commitment to keeping properties rented and lowering turnover rates, we are consistently ranked as one of the premier companies in the industry.In addition to handling day-to-day tasks, we also offer residential marketing, legal assistance, and ongoing guidance to ensure you are getting the most out of your investment.