Investor · Lithia, FL · Member since 2016 · 18 posts · 5 votes
I have a property in Baltimore that tenant has not paid in over 12 months. My property management company, Propertymanagementpros has been working the case for 12 months but as of today nothing has happened. Can't really get any update from them. Is there anyone who could work this case, evict the tenant and sell the property?
Developer · . · Member since 2014 · 520 posts · 162 votes
6y
If you have a lease you should be able to evict between 4 and 6 months. Property Management Pros sounds like some franchisey setup. Baltimore is not unique in that you need a good property manager on the ground. Ask for all the paperwork property management pros has filed on your behalf. Fire them and get a new property manager. Send me a PM and I will give you a name. Good luck!
@Dennis Santa Paula Your property manager should have sorted this out by now. Take up the offer by the other person who is a PM or hire an eviction attorney AND fire your current PM.
Investor · Lithia, FL · Member since 2016 · 18 posts · 5 votes
6y
Thank you all! Clearly property management pro only has pro on their name. I’ve been struggling with this property since i bought it. It’s located at 3227 Belmont avenue. If any investor interested to buy i would not mind taking a hit. Just want to get rid of this property/market. Thanks
Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
6y
@Dennis Santa Paula
It should not take more than 3-4 months to evict a tenant and that is even considering sheriff's office is buys.
I did one recently and it took me less than 3 months.
You should find out if they did file a failure to
pay rent, or not , if you have a case number or not
If none of it is available you can file online ( there is web site that does it for you) and start the process yourself or find somebody who can on your behalf.
12 months is ridiculous , I would fire current prop manager immediately.
Wholesaler · Durham, NC · Member since 2018 · 157 posts · 50 votes
6y
Sorry to hear your woes! I appreciate everyone's advice. It emphasizes the importance of vetting property managers-especially connecting with past and current clients to see how their experience with the pm has been
Rental Property Investor · Baltimore, MD · Member since 2014 · 247 posts · 321 votes
6y
What I want to know is who told you to buy a place on Belmont Ave? not a great area to invest in my opinion Eviction takes roughly about 80 days start to finish as of this past month(oct) when I scheduled my last eviction in Baltimore City, MD. You PM should have filed for eviction after the 5th of the first month they didn't pay. You can use clicknotices.com and evict yourself for about 100 bucks and literally do nothing except for pay someone to be there when the sheriff shows up so they can hand the sheriff the paperwork necessary. Good luck
Investor · Fort Washington, MD · Member since 2014 · 1k+ posts · 1k+ votes
6y
I recently had a squatter saying I had to file on him which could have taken me to Feb. I considered multiple strategies but karma intervened. He went out in an ambulance and is in ICU due to health issues.
What I want to know is who told you to buy a place on Belmont Ave? not a great area to invest in my opinion
Ian - I would love to understand why you think this. I am interested in Baltimore and can see why the buyer felt this might be a good opportunity - albeit via some quick research on various property sites.
As an OOS investor, I would be interested in your thoughts on it.
Baltimore, MD · Member since 2019 · 47 posts · 22 votes
6y
I'm not sure if links are allowed as i'm still new to the site. I happen to know this area myself so while i strongly agree with Ian, i just did a quick search on Zillow and Trulia to see if i could substantiate the claims and i think Trulia's crime map for the neighborhood would give you pause. Zillow's Zestimates for all properties on that block hover around 29k.
Thanks the address comes up as low crime, but there is a lot of crime to the right hand side and below this street. Interesting - what doe thi mean for the trustability of Trulia crime maps, or as an investor even if Trulia says low crim e- try and still choose places which have a larger low crime space around them?
I's also good you're form the area - can you suggest any spots in Baltimore that could be good for investment research?
Rental Property Investor · Baltimore, MD · Member since 2013 · 281 posts · 257 votes
6y
@Dennis Santa Paula I recently owned a property a few blocks from there. Someone broke in and stole all the radiators after I evicted my tenant, but apart from that, it was great! :) It is a so-so neighborhood...not terrible and not great. The crime situation is ok -- not an open air drug market. But the thieves that stole my radiators did so in broad daylight. Neighbors watched them and did not call the police.
I can see one reason your PM had trouble getting the tenants out in 2018. The property was not registered as a rental with the city. Can't take the tenants to rent court without that. Your PM didn't register it until mid-2019.
Rental Property Investor · Baltimore, MD · Member since 2013 · 281 posts · 257 votes
6y
@Dennis Santa Paula I recommend hiring a realtor to run comps -- really depends on quality of the reno. The values will be pretty low because it is rare to find retail sales in this neighborhood. And few banks lend to investors there (due to the low loan amount...the juice is not worth the squeeze for them). Most investors are financing these low-end rentals as a portfolio or with private lenders. All these factors result in lower comps.