All Forum Posts by: Account Closed

Has anyone experienced longer than usual approval times for new section 8 tenants? Caseworkers were rarely responsive in my state before.

If you haven't found a property manager yet @Amanda Bozzi I recommend Pervard Property Management

@Jeremy D. I definitely agree that you should find a home in a competitive area that has a strong rental market where rents are constantly going up. Me and my husband also had the question as to whether we should buy and then rent out while we live there as we like our privacy and it'd be our first home. I personally don't see an issue with getting a property to rent out. You can even purchase properties that already have renters and assume the leases getting you started faster. I'd recommend PG since light renos can increase the values quickly.

@Bianca Nunes Hey I'm a property manager in Maryland. Are you open to a home that needs some renovations? It may be a good way to get a good price. Or are you looking more move-in ready? Do you only want properties that are near the DC, VA border?

Does anyone know of any investor friendly Title companies open in Maryland? I was told Gemini Title , which I'm happy to go with, but I'm open to back ups. 

Hey,

I run a successful property management business, but I've been thinking of getting my Real Estate License. My only issue is since my property management company is already established I wanted to know what to look out for when choosing a brokerage. For instance, a realtor told me that when she does leasing her checks go to her broker and then they pay her. I plan on doing any management services under my LLC and not really as a REA under the brokerage. Basically how can I do both without having the brokerage get a cut from my management business?

I had one brokerage tell me they didn't care if I did management as long as the branding was separate, but then I received their contract and it clearly had a clause stating all realtors under their brokerage shouldn't engage in "other real estate activities" in writing which conflicts with what the rep said. 

I even notice some brokerages have separate property management departments and when I try to contact them they never respond. *sigh

I've had a lot of the landlords I work with panic over the massive job losses here in Maryland. A lot of them are afraid to get new tenants since we know we can't evict them, but some just can't afford have multiple vacant homes with no revenue. As their property manager I've suggested that they eliminate some of their biases against section 8 tenants. It's consistent payment and I believe if you treat people with respect most of the time they'll reciprocate. Funny enough right after I had this conversation I got an email from Bigger Pockets advising more landlords and property managers to do the same. What do you think? For those who may have been against section 8 tenants does the thought that you know the rent will be paid influence your decision on how to market your properties?

 I posted my newer properties on GoSection8 last week and I have a lot of inquiries. It took some time to get my clients to get on board, but I'm feeling good about our vacancy rate now. 

It's always hard to find good contractors. I've started tapping into my network more often and asking for more referrals. Yelp reviews just don't do it anymore. 

@Ilya Z. If you're still looking for a manager for rentals in Frostburg or MD I recommend Pervard Property Management. They are pretty fast at getting back to you.