If you are looking to become a landlord in Maryland, there are several things you should know before jumping in. Being a landlord entails multiple responsibilities and requires much preparation beforehand. Are you ready to become a landlord? Here are the top tips for landlords in Maryland.
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There are many great reasons for choosing a rental property over purchasing a home, but it can be difficult to transform a rental property into a place that feels like home at the end of a long workday. If you are living in a rental property and trying to make it feel like it belongs to you, here are some of the easiest ways to make your rental property feel more like home. (more…)
Every landlord, whether you are new to the game or a seasoned veteran, asks themselves the same question at one point or another. “Should I hire a property management company?” It is perhaps the biggest decision you will have to make as a landlord…and it can be one of the most profitable. Hiring a local property management company can be a huge asset to your business, but only if you hire the right firm.
Property management companies deal directly with the day-to-day activities associated with managing a property – marketing, tenant screening, tenant complaints, maintenance, rent collection, evictions, etc. – allowing you to focus on the bigger picture.
Maryland Property Management Services
Clagett Management provides full service, competitively priced property management throughout Maryland, West Virginia and Virginia. We utilize the latest in management, accounting and reporting software to effectively and efficiently manage all types of properties from a 1,000+ unit homeowners association to single family and townhouse rentals. Our goal is to help you profit from your investment and to free you from the daily concerns of your property’s upkeep and operation.
Click Here to request a proposal!
Should I Hire a Property Management Firm?
If you are still on the fence (we understand, it’s a big decision), here are a few questions to help guide you on your path:
Can I afford a property management firm?
While there are several benefits to hiring a property management firm, you must ensure you have the money in your budget to do so.
Do you struggle to keep up with multiple properties?
The more rental properties you own, the harder it is to manage the day-to-day tasks. As we’ve already said, you can’t be everywhere at once. Sometimes you need some help to keep from spreading yourself too thin.
Do you live close to your rental properties?
How far away do you live from your rental properties? Is it easy and convenient to respond to maintenance requests or tenant complaints? If your rental property is located far from where you live, hiring a property management company can be invaluable.
Do you enjoy being hands-on?
If you view your rental property as an investment and want as little to do with management as possible, hiring a property management company is the right move.
Sometimes landlords need a little help, and that’s nothing to be ashamed about. You can’t be everywhere at once. A property management company can help you better manage your real estate investment.
There are more than 231,000 homeowners associations throughout the country. Each trying to overcome the same struggles as the next: inexperienced leadership and high turnover. These associations are staffed with volunteers – fellow homeowners – who are entrusted with the governance of the entire community. This is a lot of responsibility to put on a homeowner with very little experience. This is why many communities turn to Homeowners Association Management companies, like Clagett Management. We have the knowledge and expertise you need to successfully manage and operate of your association.
Homeowners Association Management Services in Maryland
Headquartered in Frederick, Maryland, Clagett Management is a member of the Community Association Institute, an organization for management professionals. This, along with our experience working with ALL the members of the association, not just the board, makes us uniquely qualified to serve your homeowners association’s needs. We will help coordinate maintenance, landscaping, and repairs and budget for such improvements. Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections. And this is just the tip of the iceberg.
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Not only will a highly qualified staff member be present at all board meetings, but our managers perform regular site inspections and include this information in monthly reports.
Benefits of Homeowners Association Management
As we mentioned, homeowners associations (HOAs) can be extremely beneficial…IF they are run properly. However, many are not. The solution: Homeowners Association Management. Hiring a homeowners association management company can mean the difference between the success and failure of your HOA, especially in larger communities.
At Clagett Management, we will help coordinate maintenance, landscaping, and repairs and budget for such improvements. Additional benefits include:
- Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections.
- Newsletter preparation.
- Small claims court collections.
- Special mailings
- Architectural enforcement.
- Development & enforcement of rules & regulations.
- And More!
Hiring a homeowners association management company to handle the day-to-day responsibilities and reporting does several things for an HOA. For starters, it makes sure that all members are following the rules and paying their dues. Secondly, it helps ensure consistency when enforcing policies. We don’t play favorites. By hiring a third party management company you ensure that emotions are set aside and every decision is made for the betterment of the HOA. Period.
If you have any questions about Homeowners Association Management in Maryland, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.
Whether you are looking at leasing a building for your business, or purchasing an investment property, you need help. This is a BIG business decision and what that should not be made lightly. At Clagett Enterprises, our commercial sales team can help you navigate Maryland’s real estate market to help you make a smart investment.
Maryland’s Commercial Sales Team
At Clagett Enterprises, our team of licensed and bonded agents have unparalleled knowledge of the buildings, units, and businesses that make up Maryland’s commercial real estate marketplace. We understand the diverse needs of our commercial clients, delivering results for property owners, business owners, investors, landlords and tenants.
Click Here to contact Clagett Enterprises today!
Benefits of Hiring a Commercial Sales Professional
Intimate Knowledge of the Local Market
Knowing the ins and outs of a potential area is important when purchasing or leasing a commercial property. You know what is best for your business, but odds are you do not have intimate knowledge of the neighborhoods where these properties are located. This is when it is beneficial to hire an agent.
Commercial agents have intimate knowledge of the local real estate market: current listings, local landlords, demographics, traffic counts, and so much more. A commercial agent will help you find a property that fits your immediate and future business needs and, most importantly, your budget.
Professional Agents Help Save Time
Commercial real estate leasing and investment can be an incredibly complicated process. If you to handle everything on your own, odds are it will take you quite a bit of time finding the perfect property. A good real estate agent will learn about your preferences and help you weed through the numerous potential commercial properties.
The art of negotiation is…well, an art form. Commercial sales agents are well-versed in the ins and outs of negotiations and will be able to get you the best possible price for your property.
If you have any questions about Commercial Sales in Maryland, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.
Managing a rental property is tough work. But no one said you had to go it alone. That is where Clagett Management comes in. We provide full service, competitively priced property management throughout Maryland, West Virginia and Virginia. Our goal is to help you profit from your investment and to free you from the daily concerns of your property’s upkeep and operation.
Click Here to request a proposal.
Avoid Tennant Complaints, Invest in a Preventive Maintenance Program
According to the San Francisco Chronicle, one of the biggest struggles for most landlords is maintenance and repairs. While it is always more cost effective to be proactive, it is difficult to keep up with the maintenance needs of your own home, let alone your rental property. And if you own more than one property, your maintenance tasks are doubled, tripled, or worse. There is just not enough time in the day. So you take a reactive approach to maintenance. Instead of performing regular inspections and preventive maintenance, you wait for things to breakdown before you address them. This leads to costly repairs and, perhaps more importantly, tenant complaints. No surprises here, but timely maintenance is one of the biggest complaints most tenants have of their rental property. Landlords are accustomed to hearing complaints about every maintenance issue, from leaky faucets to overflowing toilets. The solution: invest in a Preventive Maintenance Program.
More often than not, renters will not fill out a maintenance request until the issue has snowballed into a major and costly repair. Ca-ching! This is why it is better to be proactive when it comes to protecting your real estate investment.
Preventive Maintenance Program in Maryland
Clagett Management offers a preventive maintenance program. We periodically inspect your rental properties, allowing us to deal with repairs as they arrive, before they spiral out of control. We employ a network of the best contractors available in the area to service your property. Because we manage a large number of properties in the area, we elicit immediate response from our contractors.
If you have any questions and our Preventive Maintenance Program, please contact Clagett at (301) 695-6676 or Click Here. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.