Effective July 1, 2025, state law requires landlords to provide the Maryland Tenants’ Bill of Rights in all lease agreements. Here’s what you need to know.
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Tax Tips for Landlords
It’s that time of year again—tax season.
To help those of you who are landlords with your tax filing, review these helpful tax tips for landlords from our CPA, Kate Shamis, founder of Peak Performance Accounting.
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Benefits of Renting Instead of Selling
Should I keep my house as a rental or sell it?
Deciding whether to sell your house or retain it as a rental property is a significant financial decision that homeowners often face. While selling a home may seem like the more straightforward choice, there are several compelling reasons to consider keeping your house as a rental property.
Let’s explore the strategic benefits of renting out your property, becoming a landlord, and retaining ownership of your property.
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Testing the Market to Sell or Rent Simultaneously
If you own a property that is no longer your primary residence, what should you do with it? Sell or rent? We understand how stressful that significant decision can be.
In a previous blog post called “Should I sell or rent out my house?” we discussed some important factors to consider. For example, what are your long-term financial goals? How is the current market? What are the potential risks?
For some property owners, it’s a clear decision whether they should sell or rent out their house. However, for others, either option would be a win for them. Perhaps they don’t have a strong preference either way, or they want to test the market. In that case, we at Peace of Mind Property Management offer a special solution: we can list the property both for sale and for rent at the same time.
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Baltimore City Provides Rental Assistance
Housing instability has long been an issue in Baltimore City. But COVID-19 made the situation even worse. In March 2020, 1 out of 10 city tenants was behind on rent. By June 2020, it was 1 out of 3. It was clear that Baltimore City tenants needed rental assistance. Continue reading
Howard County Rental License
If you’re planning to rent out your residential property in Howard County, Maryland, then one of the first things to take care of is the rental license. Continue reading
Barbecue Safety
With barbecue season already here, homeowners should heed the following safety precautions in order to keep their families and property safe. Continue reading
Spring Home Maintenance Checklist
Incorporate these simple steps into your home maintenance routine as we transition from winter to spring. Continue reading
Maryland Lead Inspections
A Maryland lead inspection can play a crucial role in ensuring your property is safe for renters. Lead paint was commonly used in houses until the late 1950s. Even after that, people tended to keep it stored it in their basements because lead paint was the most durable paint you could get, as long as it was maintained.
The major concern with lead paint is that it can cause health problems for children. Lead dust tends to accumulate in places like the windowsills or on the floor, where children are often playing. It is easy for children to unknowingly ingest lead paint dust because they often put their fingers or their toys in their mouths, and those fingers or toys could have become contaminated with lead. Continue reading
Howard County Inspections
If your rental property is located in Howard County, then you are required to have it inspected by a Howard County inspector. Howard County does not allow independent inspectors to perform the inspections.
Peace of Mind Property Management helps arrange this inspection for you as part of our landlord services. Here is some basic information to help you prepare your property for Howard County inspections. Continue reading