Rental owners & investors
Selling a rental or buying your next one in Baltimore
I've run a property management company since 2014.
A rental sells on its numbers: the rents, the leases, the repair history and what the next owner will pay for the income. I look at your property the way an owner does, because I am one and I manage them every day.
Two ways I help
Whether you're cashing out a rental or adding one, the same owner's-side experience applies.
Selling a rental
The right plan depends on your lease, your tenant and who's most likely to buy.
- Sell with the tenant in place to an investor, or wait for the lease to end and sell vacant to an owner-occupant
- Price it on the income for investors, or on comparable sales for owner-occupants, and see which nets you more
- Showings scheduled around your tenant, with proper notice
- Leases, deposits and rental records organized so a buyer's due diligence goes smoothly
More in my guide to selling a rental property in Baltimore.
Buying a rental
Know the real numbers before you make an offer, not after.
- Rent estimates based on what similar homes actually lease for
- Repair and turnover budgets from what I pay contractors, not guesses
- Baltimore City rental licensing and lead paint rules flagged before you commit
- Management options after closing, including my own company if you want it
What I look at on every rental
These are the numbers that decide what a rental is worth and how it should be sold.
Rent vs. market
Is the current rent below, at or above what the home would lease for today?
Lease terms
When the lease ends, what it allows, and how it affects showings and closing.
Condition and repairs
What's been done, what's coming due, and what a buyer will price in.
Licensing and compliance
Rental license and lead paint paperwork, which buyers and lenders will ask about.
The buyer pool
Investor or owner-occupant: who pays more for this property, and on what terms.
Your net
What you keep after payoff, fees and Maryland transfer and recordation taxes.
Have a rental in mind?
Tell me about the property, whether it's one you own or one you're eyeing. I'll walk through the numbers with you and tell you honestly what I'd do.