Maintaining a strong and positive relationship with borrowers involves clear and consistent communication, setting realistic expectations from the start, and being transparent about all terms and conditions.

If you want to be generous about it you could tell the tenants your operating costs are consistently going up (which is true), share the current comps with the tenant, and ask them what kind of increase they would be comfortable with.What are peoples’ thoughts on where rent’s should be set or the best way to get them up if you fall behind?

I’m currently facing a similar situation and realized that I wasn’t using the right resources or consistently marketing to a single, optimized list.

Your concerns will likely be less with the tenants and more about learning things the previous landlord didn’t handle (deferred maintenance, whether the tenants pay on time consistently, etc)all the best!

The requirement to have a realtor license, according the Maryland state statute 17-102, does not apply when (among other things)"an owner or lessor of any real estate while managing, leasing or selling the real estate, unless the primary business of the owner or lessor is providing real estate brokerage services or...a person while acting in the capacity of a personal representative" Sounds like a carve out for representing yourself to me.Which would be consistent with the NC definition of a realtor as anyone who buys, sells, leases...real estate for others for compensation.

Starting with the Community Redevelopment Act (CRA) put forth by the city; the Monaco Yacht Club Residences which were completed in 2022 consist of 39 units that start at $3.25mm.

I have a few other rentals already and have been consistently earning well between all my investments, my job and my wife's job.

My cabin has been consistently booking for the weekends since we launched a couple months ago with the average person booking 2 days in advance.

When contacting a potential tenant's previous landlord, consider asking about the tenant's payment history, whether they consistently paid rent on time, how they maintained the property, if there were any complaints from neighbors, and the reason for leaving.

Don't settle for properties that merely break even; aim for those that generate consistent income from the start.