How the Fed’s 50 BPS Rate Cut Impacts Property Management and Real Estate Investments
How the Fed’s 50 BPS Rate Cut Impacts Property Management and Real Estate Investments The Federal Reserve’s recent decision to cut interest rates by 50 basis points (bps) is making waves across industries. For property management companies, real estate investors, and renters, this move will influence financial decisions for months, if not years, to come.…
Read MoreCity of Hagerstown – Up to $50K Main Street Start-up Grants Available
The City of Hagerstown has developed an incentive program to revitalize vacant storefronts within the designated Main Street District, which is part of the City’s Sustainable Communities Area, and lower the barriers that may prevent entrepreneurs from opening a small business to increase their chances of success in the early stages of operation, and assist…
Read MoreNAR Settlement 2024: End of Buyer Agent Commission?
In March 2024, the NAR and major national brokerages entered into a billion-dollar settlement with the Sitzer/Burnett plaintiffs. The settlement went into effect on August 17, 2024. Buyer agent commissions are now negotiable. According to Redfin, the typical buyer agent commission has already started declining – down from 2.61% in March to 2.55% in July.…
Read MoreHow Landlords Can Leverage AI to Improve Property Management?
How Landlords Can Leverage AI to Improve Property Management The world of property management is rapidly evolving, and artificial intelligence (AI) is at the forefront of this transformation. As a landlord, incorporating AI into your property management strategy can streamline operations, enhance tenant satisfaction, and boost your bottom line. Here’s how AI can revolutionize the…
Read MoreWhat is the Renters’ Rights and Stabilization Act of 2024?
What is the Renters’ Rights and Stabilization Act of 2024? House Bill 693 made several important changes to existing Maryland landlord-tenant law: Nonpayment of Rent Complaints The cost for a landlord to file a Failure to Pay Rent Complaint has increased from $8 to $43 per case (plus an additional $10 in Baltimore City), in…
Read MoreProperty Management / Real Estate Terms
We often get asked to explain in simple terms, what certain real estate / property management terms mean?! Well here they are!! Abandonment:Tenant vacating a property before lease expiration. Abatement: Reduction or suspension of rent due to issues in the property. Accelerated Depreciation: Quicker property value decrease for tax benefits. Amortization: Gradual repayment of a…
Read MoreRental License – Frederick, MD
Renting out a property in Frederick, Maryland requires obtaining a rental license from the city. This license ensures that the property meets certain safety and habitability standards, and allows the city to regulate the rental market. Effective January 1,2024, regarding Rental Licensing Ordinance in the City of Frederick, MD. Details below! Apply or Search for…
Read MoreDemystifying Rent Increase Laws in Maryland
Demystifying Rent Increase Laws in Maryland In an ever-evolving real estate market, rising rents have become a national concern. While some states have implemented rent control measures to protect tenants, what’s the situation in Maryland? Join us as we unravel the intricate tapestry of Maryland’s rent increase laws, shedding light on the rights and responsibilities…
Read MoreCity of Frederick, MD – Rental Licensing Ordinance – January 1, 2024
Just wanted to remind everyone about the upcoming changes effective January 1,2024, regarding Rental Licensing Ordinance in the City of Frederick, MD. Details below! Apply or Search for your Residential Rental License: Apply Here: https://frederickmd.portal.opengov.com/categories/1087/record-types/6526 Search for Existing Rental License Here: https://frederickmd.portal.opengov.com/search The link above will take you to the City of Frederick Online application…
Read MoreVacancy Minimization Strategies: Smart Approaches to Reduce Rental Property Downtime
Hello, savvy property owners and real estate enthusiasts! In the competitive world of property management, minimizing vacancy periods is a key strategy to maximize profitability and maintain a steady cash flow. In this comprehensive guide, we’ll explore effective vacancy minimization strategies, offering insights, tips, and actionable steps to keep your rental properties occupied and thriving.…
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