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“Source of Income” Legislation in Baltimore City

Click here  to read my Op-Ed published in the January 14th edition of The Baltimore Sun where I share information and perspective from the point of view of a Baltimore City resident and a rental housing provider on the important issue of using “Source of Income” legislation to force all Baltimore City landlords to accept […]

4 Ways to Earn Money on Rental Properties in Baltimore

Investing in real estate is an excellent way to build wealthy and expand one’s income, especially in a vibrant city like Baltimore, Maryland. Every year, young professionals and families flock to Baltimore for opportunities at John Hopkins, Under Armour, T. Rowe Price and beyond. If you are comparing stock market and other investments to owning […]

Baltimore City License Law: Important Update September 11, 2018

The new inspection criteria has been published!  Version 3 is dated August 30, 2018, though it was released just yesterday.  Download the New Inspection Checklist NOTE REGARDING BUILDINGS WITH 3 or MORE DWELLINGS:  Only Single Family Houses and 2-Unit properties must be inspected by December 31, 2018.  Multi-Family Buildings (defined as two-dwelling units plus another use – […]

Smoke Alarms in Baltimore City Rental Property

Baltimore City released its 4th version of the Inspection Checklist (dated 10/29). This update includes a couple of nuances, such as stating that the property “appears” to be free of leaks in water lines and drain lines, the major change is adding the word “appears”. item I.2 is new, requiring an entry door with a […]

Income Tax Savings: Take Advantage of Bonus Depreciation

The new tax law allows Bonus Depreciation on used equipment and equipment affiliated with residential rental real estate providing significant tax benefits for investors who purchase or place-in-service buildings and building components after September 27, 2017, according to  Tom Wheelwright, CPA (https://wealthability.com/tom/). Investment real estate has 4 components: Land –  not depreciable, Building  –  depreciated […]

Baltimore City Rental Property License and Registration – How to Register

Baltimore City implemented a new registration system for registering rent property, vacant property, and vacant lots.  In the past, forms and payment could be submitted by mail or by hand delivering the paper work to the One-Stop Permit Office on Fayette Street.  This year, all registration is required to be done on-line and all payments […]