What happens when someone has decided to call your vacant rental property 'home'—without your knowledge and permission? Unfortunately, it happens more often than you might expect as a property owner in the Baltimore area. It's nothing new: the homeless often conduct stakeouts on vacant buildings, hoping to find a place to rest their heads for a while.
According to Baltimore property management professionals, it’s quite common for self-managing property investors to set the rent too low. This is usually because the property is not monitored or maintained as much as it should. Sometimes, property owners might even allow the rent to stay low to discourage extra maintenance requests and save money by letting renters make their own repairs. But low rents add up over time. If you are charging $1500 per month when you should charge $1800, that extra $300 adds up fast. You may think about it when the roof has a leak or when it’s time to change out the air conditioner. If you had collected a little more rent, you’d have been able to pay for it.
We made it to another year—and that means it's time for another year of profitable real estate investments in the tri-state area! There's plenty of potential in 2021 to make the right choices that will set you up for success with your rental homes. That said, there's also plenty of potential to completely mess up your portfolio with a DIY-approach that's riddled with mistakes. Seasoned investors are seasoned for a reason: they've either already experienced some of these painful failures firsthand and learned from them brilliantly, or they were spared the pain of a misstep by their tri-state property management team.
Your success as a real estate investor and the ability to grow your portfolio can depend on more than your tri-state property management partner: you also have to successfully qualify for loans. What might have been an easier task for you before COVID-19 could now be a challenge as the real estate and lending industries recover from the impacts of economic shutdowns and unemployment. In our recent webinar, we heard from Eric Light, Senior Vice President at WSFS Bank. He walked through the current state of lending and the impact of COVID-19 on loans for real estate investments. If you haven't yet watched the webinar, here is a light overview of his insights.
It's the new year—and that means new opportunities to invest in real estate in the tri-state area! Investors really need to push strong into 2021 in order to gain the momentum they may have lost during the pandemic spiral of 2020. To do so, you'll need to be on the top of your game when it comes to our current real estate and rental market conditions. Consider this your moment to shift your mentality from a 'survival' focus into one dedicated to one that meets your financial goals in the new year.
Updated January 2, 2023. There’s nothing more exciting than investing in a rental property and knowing that your investment will yield massive returns in the future. That's just one of the many benefits that comes from choosing the City of Brotherly Love! However, as you welcome your renters to your single-family homes, duplexes, condos, or apartments, there is a considerable amount of stress that lingers in the air.
Updated December 7, 2022. You’ll find that the real estate industry is like a game of chess; it’s all about timing. You have to wait until the right time to invest in lucrative real estate, and you have to time property updates carefully to avoid wasting money on your Delaware rental homes. Whether you own and operate single-family homes, condos, duplexes, or apartments, here are some helpful pointers from your Wilmington property management pros on how to time property maintenance and updates just right.
Updated October 31, 2022. Real estate investors almost always end up asking themselves: 'What properties are the right ones for me if my ultimate goal as an epic investor is trying to see genuinely-profitable growth from my real estate investments?' This question is at the heart of so many people's concerns about their work in the world of rental property and real estate. After all, your personal taste in what seems like a great place to live may—or may not—actually yield a competitive rate in the Pittsburgh rental market.
Updated September 30, 2022. That moment when rental property owners realize they are in over their heads on an investment isn't a pleasant one. It rarely happens slowly—but rather, is a function of a few obligations all smashing into you at the same time. Be it the demands of your kiddo's sports pursuits, the expectations of your day job, or the work of keeping your property well-maintained and it's residents happy, when all of these obligations combine their powers, they don't form Captain Planet—they form a ball of stress (usually right where your lymph nodes are).
Updated August 5, 2022. Even experienced investment property owners often experience challenges when it comes to finding great people to rent their properties. Not only is marketing essential to connect with applicants, but it also makes sure that your property is visible enough to command a competitive rate for rent. Luckily, you don’t have to learn all about property marketing by yourself—a time-consuming effort. Instead, partnering with Baltimore property management helps you launch your property in the Baltimore rental market with strong and appealing advertisements that bring in a variety of great applicants.
Philadelphia:
301 E Baltimore Ave
Clifton Heights, PA 19018
Pittsburgh:
438 S Main St, 3rd Floor
Pittsburgh, PA 15220
West Chester:
26 S Church St Suite 2B
West Chester, PA 19382
Subscribe to receive real estate investing best practices and news.
Rentwell is committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI’s Web Content Accessibility Guidelines 2.0, Level A conformance. Any issues should be reported to [email protected]
No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All categories exclude text messaging original opt-in data and consent; this information will not be shared with any third parties.
© 2026 Rentwell LLC. All Rights Reserved.
