All Forum Posts by: Ken Tsui

I've read about new rental property licensing in Baltimore City.  I'm wondering a couple things before I dip my toe in:

1. What has changed?  It says requirements are for 1 and 2 family rental properties - is that limited to single family and duplex?  Does that mean registration was already required for 3 and 4 plexes in the past?  I'm trying to identify which properties I look at would fall under this new requirement.  It could change my goal of buying something prior to 2019!

2. Will whether a property is currently registered appear on the MLS or would that be something to be disclosed later?

3. I read on the forums there's a registration fee of $30 a year.  Am I right to assume that meant the registration fee related to this new requirement?

4. Does it seem like landlords would be selling to avoid this new requirement?  The requirements seem reasonable.  If you're a landlord, what is your perspective about the new regulation?  Would this compel you to drop property and own outside of the city?

what would be the pros and cons of signing?  The realtor said as of 10/16 a law went into effect noting he would have to represent the best interests of the seller if he customers do not sign. He said he only works with customers who sign this agreement.  Husband only lasts 3 and after you decide To terminate the relationship 

are these agreements necessary and required in Maryland and or Baltimore?

There are a lot of questions about how to start out with little to no money relative to the market you’re in. What about someone with a good chunk of money without a lot of connections in the area?  I think signing up for the reia is a great choice, but are there any tips on finding development companies, or those guys that are trying to perform the Zero money down projects?  If you’re able to link up with these people, what do you do to get comfortable with the projects they pitch and that they won’t run with your money?  I hear on the podcast that people read tons of P&Ls. I’m assuming these are businesses or individuals giving p&ls to potential investors As support for their success. Any tips as to what to look for in that p&l or other support to find comfort and trust?  I’m sure bigger pockets tools can help you understand if the p&l looks financially interesting/lucrative.

Thanks!