Baltimore City Property Management

Baltimore City Property Management is large and additional navigating is required to find the best investment properties.  First, the market in the city changes rapidly, and property value is not easy to recognize.  Second, You will find streets that have distressed properties that you need to avoid.  Furthermore, this same street will also have properties that we can rent for a solid return on your investment.  As this is normal for Baltimore City it is important to recognize the rental market, the different areas within the city as well as to determine the safety of your investment.  Finally, prices in Baltimore City are affordable, and the rental market remains strong, but be cautious.  Many investors will start with Baltimore City properties because of the price, and then branch out to the counties as their portfolios grow.

A few things to note in regard to Baltimore City Property Management:
  • Property taxes are higher than any of the Maryland counties
  • Transfer and Recordation tax is the highest in the state
  • The water bills are considerably higher than Baltimore County
  • The properties are generally much older
  • The concern for lead paint is greater (though mitigation is available)
  • Some properties have additional historic restrictions
  • City restrictions frequently limit uses
  • Parking can be a problem

Because of the many pitfalls in Baltimore City you will need a Property Manager.  Furthermore, you will need to have a rental inspection every two years.  In addition to residential properties Baltimore City is a great place to find mixed use residential/commercial buildings that will provide the investor with a number of tax saving options including a 1031 tax deferred exchange.  For Example:  https://scheerpartners.com/4863-2/

Popular areas to invest in include: