All Forum Posts by: Ken Goodman

As I said, steer clear of Baltimore City and you're fine.  (Baltimore County is OK.)

Hi Anthony, we've had good luck in Maryland.  Best public schools in the country, lowest insurance rates (because Maryland has low risk for blizzards/hurricanes/earthquakes/tornadoes)) and lots of military bases and permanent federal installations like NASA, NIH, FDA, Census, SS Administration, etc. that make it recession resistant.  Steer clear of Baltimore City and the rest of the state has great cash flow.

Selling investment portfolio, NINE outstanding rental properties in MD. Great locations, all excellent condition, leased, great tenants and cash flow. This is a perfect opportunity for the right buyer. 

Two properties in Columbia (21044)

Two properties in Owings Mills (21117)

Three properties in Towson  (21286)

One property in Laurel  (20724)

One property in Severn  (21144)

I can send pro forma. Serious inquiries only, please.  THANK YOU.

Hello Kahleah, I have some "tried and true" experience with raccoons.  I used to live behind a real forest.  Try ammonia, they HATE the smell.  Put some old towels or rags in a big pot and fill it with AMMONIA and stick it up in the attic or crawl space or wherever they are.  Be real careful not to confront them, because they are wild and dangerous.  The fumes will fill up the area they are in, and they will evacuate.  It's a kind of biological warfare.  Once you have "violated" their nest with a bad smell, they won't be back.  Ammonia is really cheap, about $2.00 a bottle, that's less than what that company wants to charge.  GOOD LUCK!   -Kenny

Yes we do inspections.  This damage was reported by the tenant when it got so bad that the water began to leak through to the ceiling below.  I believe that the insurance will deny this claim because it is not sudden/storm related.  It happened over a long period of time.

My tenant is responsible for damaging the bathroom floor and dining room ceiling below through long term negligence. This will cost thousands of $$$ to repair properly.  I have only one month's rent security deposit, not nearly enough to cover the damage, and insurance won't cover this.  He is disputing his responsibility, but the lease is clear, he's responsible for interior repairs and negligence.  What is the best way to collect the money?

Hi Meredith, I agree with the comments above.  We have two Sect8 houses in Baltimore.  Once you have gotten past the initial overwhelming paperwork, the monthly payments are like clockwork, and there are good advantages to staying with the program.  Housing vouchers are better than Treasury Bonds; I think the government will never stop funding them.  We've had good luck with this program, but as with any rental, the key is SCREEN SCREEN SCREEN your tenants in advance.

I'm looking for an AGGRESSIVE, PROACTIVE, real estate CPA to help me get to the next level. Can anyone help?

Private landlord w/nine units on the east coast.  100% rent collected through June.

I agree with what has been said above.  People hold onto their "stuff." No investment is recession "proof" but some are "resistant." We have a percentage stake in a portfolio of self-storage units in the Midwest/central states and management just reported steady occupancy and cash flow.