All Forum Posts by: Mike Fintel

Hi, I'm currently looking for a PM to handle two properties for me - a SFH in 21222 and a duplex with 2 1BR apartments on Wilkens in 21223. Very different homes, very different neighborhoods, but I want one company to manage both, and I haven't had any luck yet.

The company listed in the title says they can manage both and their google reviews are quite good, but I'm not sure how much I trust those reviews, honestly.

Can anyone give me first-hand information about them?

Thanks,

Mike

Sorry, I meant for that first line to say, "Hi @Tarik Larue"!

Hi Tarik,

Thanks for getting back to me.  Things are (finally) progressing a bit on the property I was hoping to get rented and I wondered if you are still with the Mount Washington Group.  Everything still going as expected with them?

Thanks,

Mike

@Ned Carey Thanks, I actually that post right after I had sent the previous reply. One other question, though - if you have a chance, could I pick your brains a bit about REI in Baltimore some time? I live outside the US, but I'm happy to give you a call if you have some free time. I'll also be back in Baltimore the first week of December so maybe I could invite you out for a bite to eat or a coffee if you're available.

Thanks,

Mike

@Ned CareyHi Ned, would you mind send the PM information to me?  Thanks.

@Account ClosedI realize this post was a 1.5 years ago, but if you are still doing PM, send me a message.  Thanks.

@Tarik Larue  Hi Tarik - Did you decide on a PM?  If so, how has the experience been?

Thanks,

Mike

@Andrew Grieb Can I ask who you use now?  I have used Bay Management and like them quite  a bit, but they don't manage where I am looking to purchase  (East Baltimore).

Thanks,

Mike

@Logan Hicks Right now my tax home is still MD, so I can't think of a reason not to get an MD LLC. The way I read things I'll have to pay the $300 yearly filing fee for doing business in MD regardless of where the LLC is based. That said, do you know of a benefit to registering in another state? I have connections to DE, too

@Russell Brazil Thanks. So if I understand correctly, you have some properties under your name and some under an LLC - since I'm new to all this, can you explain why and how you've done that (or just give me a few more details)? I'd appreciate it.

Thanks,

M

Thanks to everyone who weighed in.

@Russell Brazil and @Brad Chandler right now I'm working on both a cash sale and a financed sale, and I'm wondering how you guys get around the "due on sale" clause in a mortgage, or do you buy everything in cash?  

From what I've read, LLC seems to be the way to go, but I can't get my head around how to do it if I don't pay cash for all my properties.

@Ned Carey Thanks for the tip on NOLO. I actually had the mouse hovering over the "buy" button for their LLC book, but then decided to find out if I really wanted to do it. I also checked out your website and I appreciate you putting information up there for people; you'll see my name come through for you mailing list, too.

Mike

Hi,

I'm new to BP and to REI in general, even though I've had my home rented out for the last 4 years while living abroad. I'm looking to purchase a property or two in the Baltimore area, and was wondering if anyone had experience with LLC's.

Specifically, I just want to know if it makes sense.  I've read what I can find about them and their $300 yearly filing fee, as well as posts from other states, but if anyone has any personal advice about whether they make good sense in Maryland (or general advice, really), I'd appreciate it.

Thanks,

Mike