What Are Your Responsibilities As a Landlord?
The Old Line State offers a vibrant rental market, but being a landlord in Maryland comes with a set of responsibilities you need to understand. Navigating the legal landscape and keeping your tenants happy can feel overwhelming, but fear not! This blog will equip you with the knowledge to confidently manage your Maryland rental property. 1. Providing a Habitable Dwelling: This is the cornerstone of your duties. Maryland law requires you to provide a rental unit that is clean, safe, and in good repair. This includes functioning plumbing and ele…
9 Signs It's Time to Sell Your Rental Property
As a rental property owner, you may eventually face the decision of whether or not to sell your property. Here are 9 signs that it may be time to sell your rental property: 1. Increased Maintenance Costs: If the costs of maintaining your rental property are significantly increasing, it may be a sign that it is time to sell. Are these costs eating into your profit with no end in sight or are they one and done issues? 2. Decreased Rent Income: If you are experiencing a decrease in rent income or vacancy rates, it may be time to re-evaluate your …
Maryland's New Rental Laws: What Landlords Need to Know
Being a landlord in Maryland comes with its share of responsibilities, and it's important to stay informed about the latest legislative changes that may affect your rental properties. In this blog, we'll explore three recent bills that have passed and are set to become effective on October 1, 2023. These changes address issues related to rental licensure, rent increases, and tenant rights. HB 36/SB 100 – Proof of Rental Licensure Maryland has taken steps to ensure that landlords operating in jurisdictions requiring licensure comply with local r…
9 Reasons to Hire a Property Manager
Managing a rental property takes a lot of time. Handling maintenance requests, late night calls about lost keys, managing rent payments, figuring out how to list and market your property when the tenant leaves and the headache from turning over the rental can all be avoided by delegating this to someone else. Read below to see the 9 reasons to hire a property manager. 1. Expertise: Many property managers have extensive knowledge and experience in the real estate industry, and they can provide valuable advice and guidance on issues related to yo…
A Guide to Manage Routine Property Inspections in Baltimore
Routine property inspections are an important part of managing a rental property to ensure the value of that investment is protected. They help you keep track of the condition of the property and ensure that tenants are taking proper care of it. Here is a guide to help you manage routine property inspections: Schedule Inspections Regularly: Schedule routine property inspections at regular intervals, once every 3 to 6 months. This will give you a chance to assess the condition of the property and make note of any issues that are found and to sch…
