I statred where I could afford. Which was in SFR's in a C neighborhood. After the school of hard knocks finally have a handle on tenants. My biggest problem the last 2yrs has been Baltimore City government.
In Baltimore city you have to deal with the city in the following ways.
1. Real Estate Taxes-The tax rate is the highest in Maryland almost double Baltimore County
2. Water bill highest in the state
-Has increased the past 2 yrs. Minimum Amt. is $136 every 3 months supposed to increase the next two years
3. Baltimore Housing- Do not inform you of all the fees and registrations you need unless you know exactly what to ask. Basically can change without notice.
4. Landlord/Tenant laws are some of the worst in the country.
-Takes 2 months to evict
-Tenants can say property needs repair without evidence or paying rent owed. Which delays eviction process until city inpector inspects the property on avg. delays 6wks.
Was fined $500 for not registering one of my properties. The properties are already registered and must be paid for yearly. A bill is mailed yearly with penalties and fees stated at the bottom for late payment. The payment is due on Sept.1st. No $500 fine is mentioned for late payment. Inspector told me the powers that be decided to put this fine in effect and immediatley fine. I have paid my fees late according to the late schedule at the bottom of the bill before.
Trying to do right. No good deed go unpunished. Considering quitting. Sacarficed alot of time and work for a tiny reward. Not equal to the work.
