All Forum Posts by: Ken Wang

@Kyle Quaranta and @Joseph Abad appreciate your suggestion, wonder have you guys had experience with the rooming or boarding house? How should I start?

Dear BP members,

  I am thinking to do per room rental to maximize profit, although there will more works. I am interested in properties in baltimore county. However, the county law states that only 2 unrelated people are allowed to stay in single unit. I only can rent at most 2 people per unit. Am I correct? any way to get around it?  

Thanks,

Ken

 Russ, I always like your very straightforwrd advice :) 

yeah that's also true

@Russell Brazil , North Laurel is not a bad area to invest if one is looking into high value, stable appreciation property, and low maintenance tenant. I own 2 in this particular area.

Hi Heather, I didn't know you reply my message until now. I guess you may want to use 

@Heather Canoles <-- this function, so it will notify the person interested in your post. 

Today, I successfully rent out my basement with the rental license and 1st-month rent in hand.  I actually don't have kitchen and laundry in the unit at all, because it's difficult to legally put kitchen with either gas or electric cooktop/range. However, I allow tenant to use electric burner, microwave, and small refrigerator with standard 120 volts. In this case, I don't need to ask an electrician to modify anything in my basement.  Of course, my rent is lower than the one with "kitchen", (but my rent includes all the utilities and internet). It is good in a sense, I less worry about fire safety and it saved me about $8000-10000 to add full equipped kitchen and laundry on site.

I have 1 bedroom in my basement, and for the entire basement, I have an independent entrance and a stair goes to upstairs. Inspector basically asked me take the door out of the bedroom so the "whole" basement is considered 1 big room with the above-mentioned 2 exists. 

Another suggestion from the inspector is to add smoke/carbon detector in the basement because I have gas water heater in the basement. Hope these help! How does your basement rental go? 

Dear All,

  I am looking for an investor-friendly agent who I can partner for long-term relationship. I am especially interested in Baltimore city and surrounding area such as Howard and PG county. I am a buy and hold investor, and would prefer the agent with similar experience. If you know any good one, please message me.

Sincerely,

Ken

Thank you @Russell Brazil :) I just made contact with his firm today.

Thank you @Scott Culver , appreciate your info!