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Updated over 4 years ago on . Most recent reply

User Stats

186
Posts
125
Votes
Stephen Kehoe
  • Property Manager
  • Maryland
125
Votes |
186
Posts

Hidden Costs of Investment Property in Baltimore Maryland

Stephen Kehoe
  • Property Manager
  • Maryland
Posted

I am putting together a packet for my out of state owners regarding specific Baltimore costs. I am trying to illustrate how it is more important to make tenants responsible for utilities in Baltimore than elsewhere. I made the below table using the internet and one of my own rentals in north east Ohio (similar cash flow market). Am I missing any Baltimore specific costs? 

Most Popular Reply

User Stats

65
Posts
28
Votes
WAYNE G.
  • COCKEYSVILLE, MD
28
Votes |
65
Posts
WAYNE G.
  • COCKEYSVILLE, MD
Replied

Baltimore city water is $2.26/ccf, and sewer is $6.160/ccf. Storm water is a flat fee of ?$2/mo.
It looks like your amounts are off for those costs in the city. (Sewage should be ~3*water).
How do you heat a property in NE Ohio? Electric is cheaper, and no other fuel listed.
Don't forget all the code enforcement fees that the City throws around. 

Then there is the cost of the city sucking the joy out of life anytime you try to improve your property.

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