Unlocking the Secrets of Effective Property Management in Baltimore: Expert Insights and Tips

3 Crucial Guidelines for New Accidental Landlords in Baltimore, MD

National rental vacancy rates in the second quarter of 2024 reached 6.6% (via the financial editorial site Bankrate). Neglecting the right tips for first-time landlords could leave your rental vacant for months. During that time, you could miss out on thousands of dollars in pote...

Property Marketing Tips to Attract Tenants in a Tough Baltimore, MD Market

With Maryland's apartment rental market hitting a staggering $9.1 billion in size (IBISWorld), competition for tenants has never been fiercer. Landlords across Baltimore are feeling the pressure as vacancy rates climb and tenants have more options than ever before.But there&#...

How Do You Calculate Prorated Rent? A Guide for Baltimore, MD Property Managers

It's the middle of the month, and you've just landed a new tenant for your Baltimore property. Great news, right? But wait - how do you handle the rent for those odd days before the next full month begins?Enter prorated rent: the property manager's secret weapon for f...

Top 4 Tips for Streamlining Rental Property Accounting in Baltimore, MD

Rental businesses that commit tax-related errors can be subject to hefty IRS penalties. Depending on the error, the penalty can be as much as 20% of the underpaid tax!That said, one of the most crucial tax tips for landlords is to conduct proper rental property accounting. As a B...

Key Steps for Effective Rental Property Inspections in Baltimore, MD

On average, U.S. homeowners spend nearly $6,000 on property maintenance and repairs yearly. Many even report spending more than their planned budget!As a Baltimore landlord, you could face the same issues if you fail to conduct rental property inspections correctly.To avoid those...

Managing Pets in a Rental Property: A Landlord's Ultimate Guide

Many people consider their pets part of the family. According to a survey from the American Pet Products Association, an impressive 66 percent of U.S. households (or 86.9 million households) own a pet.If you're a landlord in the Baltimore, Maryland area, you might wonder how ...

4 Key Considerations for Lease Renewals Success in Baltimore, MD

Compared to 6.3% of homes nationally, Baltimore has a 12.8% rental vacancy rate. Your vacant properties could cost you thousands in potential earnings each month. Before that happens, learn how to encourage a rental agreement renewal.With these four tips, you can generate more le...

Is Outsourcing Tenant Screening in Baltimore a Good Idea?

Were you aware that over half of Baltimore residents are renters?Outsourcing tenant screening can be a smart move for landlords in Baltimore. This process involves hiring tenant screening services to check potential renters.Why is this a solid move for Baltimore landlords? Read o...

Difference Between Service, Emotional Support Animals and Pets: A Guide for Baltimore Landlords

Were you aware that there could be over half a million service dogs in America?This means that landlords everywhere will run into renters who could have animals that aren't classified as pets. Knowing the difference between pets and working animals is imperative.What should B...