Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Local Real Estate Networking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

30
Posts
10
Votes
Robert Bodmer
Pro Member
  • Rental Property Investor
  • Westminster, MD
10
Votes |
30
Posts

Where do I go from here?

Robert Bodmer
Pro Member
  • Rental Property Investor
  • Westminster, MD
Posted

Hi BP, I need some help deciding where I go from here. 

A little background: I am about to finish my first house hack in Baltimore City (Pending refi) and really enjoyed the process of screening tenants and handling the nuances of being the property manager. Sure, it's still early and only one tenant but I feel as if I would be good at being a PM because I am overly organized and highly systemized with what I do. (Already have standard operating procedures book even though I just have 1 tenant) 

The struggle is where I go from here. I wouldn't mind being a PM, but I'm also not enticed to stay in the area. Baltimore City makes it difficult for being a landlord and the city does not have good overall statistics when I look at trends. That being said, there are numerous deals, cash flow is good, and I already have a decent network. Also, wanting to be a PM means I should stay around where I live. 

When looking at data, it appears that the best area around me for the price point I want to work with and the general market is Lancaster, PA. This area isn't too far (Hour and a half) but would still make being a PM significantly more difficult. On top of traveling for showings, I would need to rebuild my network there, learn all the tenant/landlord laws and deals don't seem to be as prevalent as in Baltimore. But Lancaster does have significantly less strict landlord laws than Baltimore. 

Looking for some advice on where to go. Stay in the area I know and be a PM or follow the data and attempt to be a PM at a distance?

  • Robert Bodmer
  • Loading replies...