Canton, Baltimore, MD
Canton is a Southeast Baltimore hotspot for young professionals and families alike. Located along the water, Canton offers unique dining and shopping experiences along with historic Baltimore charm and the modern luxury of renovated rowhomes and newly constructed apartment buildings.
Offering easy access to multiple public parks, residents can enjoy outdoor concerts and heritage festivals plus a multitude of fitness opportunities in the parks or along the waterfront promenade.
Benefits of Owning a Rental Property in Canton
Investors looking for a high-yield know that rental properties are the way to start. Investment properties serve as a source of supplemental income as well as a great long-term investment. Here are a few additional benefits of investment properties in Canton:
- Desirable Location
Renters flock to this high-rent neighborhood in Baltimore city that offers historic charm and modern luxury as well as convenient access to I95 for commuters. - Tax Deductions
Real estate investors can deduct money spent on repairs or mileage driven to buy materials and visit housing. The numerous tax deductions also includes mortgage interest paid.
- Building Equity
Tenants will be paying your rent. As you build a stable business with filled apartments and homes, you will be receiving monthly payments in addition to a diminishing mortgage principal and value appreciation.
Self-Management vs. Professional Property Management
There are many benefits to hiring a Baltimore property management company. The company is meant to be a screen between you and your tenants. From marketing and lease signing to rent collection and eviction services, your Baltimore property manager can take the hassle out of the day to day management responsibilities.
Property management companies are kept up-to-date on landlord/tenant laws and can prevent a landowner from getting into trouble.
They can also advise owners on how to make the most of their tax deductions or how to seize the best available investment opportunities.
Property management companies can be counted on to deal with the legal and financial issues related to having tenants. They will act as your accountant and rent collector. They will begin eviction proceedings if tenants don’t pay rent and take problem renters to court.
Do you have the time to screen new tenants, conducting background and criminal checks, calling references to find the right tenants? Do you have the staff to deal with two complaints at once?
When landlords have an issue, property management companies have a structured response with contractors and other professionals in reserve, ready to act in a coordinated effort to solve tenants’ problems.
Why Choose Bay Property Management Group?
Bay Property Management Group is a top-notch property management company that understands the Canton rental market. Offering 24 hour emergency maintenance and customer service, with some of the lowest fees among Baltimore rental management companies. BMG has a robust advertising campaign to get new listings on the market to fill rental units fast. They also provide a thorough tenant screening process to include credit, rental and criminal history as well as income and employment verification. This approach guarantees strong market exposure to the best potential tenants for your property.