In general, property managers do not pay for repairs. Instead, they facilitate and oversee the rental property repair process on behalf of the property owner. Here’s how it generally works when you work with a local property management company: So, do property managers pay for repairs? The property management company takes care of everything except
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Buying your first rental property is a monumental achievement for most people and the start of building a great real estate portfolio. It’s no easy feat to be a successful landlord. To help you avoid common (and often expensive) mistakes, we’ve gathered the top things successful landlords wish they knew before buying their first rental
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Being a rental property owner in Maryland has its share of challenges and responsibilities. One of the most significant challenges can be dealing with difficult tenants, late rent payments, or the need for an eviction. In such situations, “cash for keys” is a strategy that provides an alternative to the arduous and costly eviction process.
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Entering the world of being a landlord can seem intimidating and exciting all at the same time. To be successful in your new real estate investment, there are some things new property owners need to know. Whether you’ve made the impulse decision to purchase a rental property in Maryland or have been on the hunt
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As a Maryland landlord, navigating the waters of a tenant breaking a lease can be complex and challenging. A tenant who wants to break their lease prematurely can create confusion and financial stress. This becomes an uncomfortable situation for everyone involved. To help relieve that stress, let’s delve into the practical steps you should take if
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Being a landlord in Maryland can present its fair share of challenges. As a landlord, you must balance the rights of your tenants and the rules of law. One law that landlords should be especially aware of is The Fair Housing Act (FHA). Enacted in 1968, the Fair Housing Act is crucial legislation designed to
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The 1031 exchange, a like-kind exchange, allows property owners to defer capital gains and depreciation recapture taxes when selling an investment or business property and replacing it with a “like-kind” investment. Although the process is complicated, knowing how to use this tax deferment strategy can fund more investments, making it an essential tool. What is
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The goal of every real estate investor is to maximize the ROI on their property purchases. One of the oldest and most successful ways to do this is by investing in multifamily property. A new real estate investor may shy away from a property with three or four units in it out of pure fear.
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Are you considering buying an apartment building in Montgomery County, MD? Learn about the essential factors that can make or break your investment.