Located on the very northern tip of Anne Arundel County, Glen Burnie – also known as the Chrome City – is home to rich history, beautiful landscapes, and a promising future of continued growth.
As one of the primary suburbs of Baltimore and a short one hour drive to downtown Washington D.C., Glen Burnie real estate is highly valuable and much coveted.
However, plenty of opportunities still exist for those looking to purchase local real estate.
4 Reasons Why You Should Own Investment Property
While plenty of opportunities exist on Wall Street or through retirement accounts and 401(k)’s, high-growth investments are few and far between. While investment income is not promised, investing in real estate is about as close as you can get to achieve this goal. If you don’t own investment property, now may be the time to reconsider – especially in the Glen Burnie area. Here are a few reasons why you should own a Glen Burnie investment property as a part of your portfolio:
INFLUX OF PEOPLE: According to the most recent population numbers, Glen Burnie is growing faster than the average American suburb. Combine that with the fact that jobs are constantly being introduced into Baltimore and D.C., and it’s readily apparent that Glen Burnie will continue to expand over the next decade.
DIVERSIFICATION: As previously mentioned, most people rarely venture beyond savings accounts, stocks, and bonds. Investing in real estate provides an incredible opportunity for diversification, which is a much needed aspect of healthy investing.
STEADY CASH FLOW: For many people, an investment property serves as a steady cash flow – or even a supplemental income. Depending on the type of property you invest in and a number of other factors, your Glen Burnie investment property could yield anywhere between a few hundred to a few thousand dollars per month in rent.
TAX BENEFITS: Even if you don’t get a healthy monthly cash flow, the tax benefits can make your investment worth it. You may be able to write off your mortgage, property taxes, insurance, maintenance expenses, legal fees, and more.Start Maximizing Your Rental ROI Today
Benefits of Hiring a Professional Property Management Company
After choosing to invest in real estate, the next big decision you will be forced to make is whether you will handle the property management duties on your own or hire a professional company to take on the responsibilities for you.
While it can be difficult to relinquish control, using the professionals is beneficial for a multitude of reasons.
For starters, hiring property management professionals in Glen Burnie can keep you from taking on too many responsibilities. A professional company will handle aspects such as:
- Tenant screening
- Scheduling maintenance repairs
- Collecting rent
- Drafting legal contracts and forms
- Lowering tenant turnover
- And more
Property Management in Glen Burnie: Choose Bay Management Group
While there are a number of choices for professional property management in Glen Burnie, Bay Management Group is preferred for a number of reasons.
In addition to offering full-service management, we also have residential marketing experts, access to market-specific information, and years of local experience that set us apart from the competition.
As one of the leading companies in the industry, we have found success in putting our clients’ best interests first – every time. Regardless of whether you are working with your first investment property or have an entire portfolio, we take your account seriously and put in the time, energy, and effort to ensure your investment is maximized every step of the way.