Many people ask, “should I sell or rent my house?” because they’re really nervous about becoming a landlord. Becoming a landlord can be a very scary undertaking, and there’s a lot involved, but an investment property can reap great profits down the road. Continue reading
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What options are available for tenants who are paying rent?
Monthly Invoices
At Peace of Mind, we’ve taken many steps to make it as easy as possible for our tenants to remember to pay their rent on time, consistently each month. Every month they receive their invoice prior to the first of the month, so they know how much is due and when. Continue reading
Do you pay referral fees to other realtors?
Valuing Our Realtor Partners
At Peace of Mind, we’re very fortunate to have many great realtor partners who refer their clients to us for tenant placement and property management. Continue reading
Are we obligated to work with you if we decide to sell the property?
No Obligations
Many of our landlords wonder if they’re obligated to work with us if they decide to sell their property. No, we do not require our landlords to list their rental properties with us. Continue reading
Why do you charge a retainer?
What the Retainer Covers
The retainer ensures that we have funds available to cover the setup of your property, if it’s not already being used as a rental. This retainer covers the costs of the county or city inspection, the related registration fee, the lead inspection, your annual MDE registration, your setup fee, and any minor repairs needed to pass the inspections. Continue reading
Do you offer a leasing guarantee?
What if the tenant leaves?
A common fear with most new landlords is what happens if the tenant doesn’t stay. We all know that tenant placement and turnover can be a very expensive profit killer for landlords. We feel very strongly about our ability to find quality tenants for our properties. So, we offer a six-month leasing guarantee. Continue reading
What is included in the management fee?
Property Management Fee
The monthly management fee covers everything that Peace of Mind does for every property every month. The typical charges outside of the monthly fee are property repairs, court appearances, and any walkthroughs that you request beyond the semi-annual walkthroughs.
How do you prepare property and place tenants?
At Peace of Mind Property Management, we offer new landlords the service of tenant placement.
Preparing the Property
The first step in this process is to prepare the property. We walk through the property and ensure that it’s going to pass any applicable state, county, or city rental inspections, including the lead inspection for properties built before 1978. Continue reading
Melissa Hargreaves Gets Real
This article by Molly Lauryssens was originally published in the September 2021 issue of the Baltimore Real Producers magazine.
“Why aren’t we talking more about this?” Melissa Hargreaves asks exacerbated. It’s been a hard road for her 11-year-old daughter, Isabelle, who recently attempted to take her own life. “This was the first time she got close to succeeding and really got hurt. She’s done little things like scratching at her arms or threatening to jump out of a window—things that wouldn’t actually kill her.” This was not her first attempt, Melissa says, but as Isabelle gets older, the worse it seems to get.