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For many of us, pets are not just animals - they're cherished family members. Our pets turn a house into a home, bringing us comfort and unconditional love, as we struggle with busy schedules and life’s challenges. Whether it’s a wagging tail greeting us at the door or a soft purr curled beside us as we unwind, pets bring joy and companionship into everyday life. That's why it's so important for prospective renters to know exactly what a landlord's pet policy entails—before bringing their fur baby into a new home. Maryland recently passed a new…

The Maryland General Assembly recently met, and several proposed bills could significantly impact landlords across the state. Whether you're a seasoned property owner or just getting started, it's important to stay ahead of legislative changes that could affect how you manage your rentals. In this post, we’ll break down four key bills on the table—SB 46, HB 1152, SB 856, and HB 767—and explore whether they shift the balance in favor of landlords or tenants. From squatter removal and pet policy disclosures to mold notifications and updated evict…

Big changes have come to Maryland’s rental housing landscape—and if you’re a property owner, now’s the time to decide if you hand in the keys or buy more doors. The Renters’ Rights and Stabilization Act (RRSA) went into effect October 1, 2024, directly affecting landlords and tenants. Whether you’re considering selling or expanding your portfolio, these new regulations could tip the scales. Here’s what you need to know: 1. Higher Eviction Filing Fees Maryland had the lowest eviction filing fees in the nation. The RRSA raised those fees to bette…

Owning a rental property can be a lucrative investment, but managing it yourself? That’s where things can get trying—sometimes even terrifying. From nightmare tenants to shocking discoveries, self-managing landlords often encounter unexpected situations. If you’re still on the fence about hiring a professional property management company, these horror stories are real--and just might give you a fright. The House of Horrors One of the worst rental situations we’ve heard about from another company started like any other. The tenants seemed respon…

Owning a rental property can be an excellent investment, offering a steady stream of income and long-term equity growth. However, many landlords quickly discover that renting comes with its fair share of challenges and financial risks. While most property owners plan for routine maintenance and occasional vacancies, fewer are prepared for the bigger, more costly issues that can arise with tenants. The Costly Risks Landlords Face The unfortunate reality is that even the most responsible landlords can encounter problems with tenants that lead to …

When property owners acquire their first property, they tend to think there isn’t much to managing it. Clean it up and get a tenant in there. But, over time, and as they grow their portfolio, they realize the time and headache it takes to manage a property well. When a landlord or property owner comes to that realization, they begin to call and research professional full-service property managers. So, what exactly is a full-service property manager and what do they do? Property managers offer numerous services, beginning with marketing and ad…

Tenants often expect immediate repairs for any inconvenience, but not every issue qualifies as an emergency. As a property manager, you know what it’s like to get a call about things that aren’t working properly. A leaky faucet or a squeaky door can irritate a tenant and make them insist you come at once to fix the irritation. Yet, not all repair requests qualify as an emergency. As a property owner, it’s crucial to prioritize true maintenance emergencies—issues that threaten tenant safety, cause significant property damage, or make the home un…

As a self-managing property investor, the start of a new year is the perfect time to get your financial house in order. Maintaining clear and accurate records is crucial for long-term success, whether you own a single unit, a fourplex, or several properties. By organizing and tracking expenses from day one, you’ll set the stage for easier tax filings, better cash flow management, and reduced stress. Start by categorizing your expenses: mortgage payments, repairs, maintenance, property taxes, insurance, and utilities. If this isn’t something you…

As a landlord, you want your rental property to be appealing to potential tenants. One term you'll likely encounter is "rent-ready," which signifies a unit that's prepared for immediate occupancy. But what exactly does this mean? The Importance of a Rent-Ready Property Imagine touring a potential apartment: lights flicker, blinds are missing, and there are leftover paint cans in the corner. Not exactly move-in ready, right? A rent-ready property creates a positive first impression for potential tenants. It shows you take pride in your property …

Recent legislative developments in Maryland have introduced significant changes for property owners. Below are 8 changes effective October 1, 2024, that may impact how landlords manage their rentals and their risk. Security deposit capped to one month's rent This impacts the landlord’s ability to collect any type of additional deposit including pet security deposits. Landlords may be more selective in choosing tenants, potentially making it harder for some individuals with pets or a history of damage, to find housing. Landlords may increase …