KNOW YOUR NEIGHBORHOOD
Wednesday, December 14
As with most of my rants, they come from real life situations. Recently we were asked to manage or sell properties for an out of town investor who purchased 5 rental properties in Baltimore. The idea was to purchase the properties, the properties were to be renovated by the seller, then rent th...
DO YOUR DUE DILLIGENCE BEFORE YOU AGREE TO PURCHASE A PROPERTY!!!
Thursday, July 14
Recently I was reminded of the importance of doing your due diligence when purchasing an investment property. We were asked to manage a portfolio of 2 and 3 unit buildings for a new client. As we always do when taking on new properties, we vetted the properties. This means we check for correct...
How to handle a tenant that has filed a rent escrow action!!!
Wednesday, December 09
Sometimes, not always, a tenant will file a rent escrow action in order to delay paying their rent. I have seen a lot of landlords get caught up in this web. The idea behind a rent escrow action was to keep everyone honest. The tenant would not be able to use it as a delay tactic and the landl...