Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

Free Property Management, Especially Valuable for People Stuck with Double Mortgage Payments

In today’s real estate market, more and more “accidental landlords” are emerging, as people end up with vacant homes that they can’t sell for the prices they want. Sometimes people try for months and months to get the homes sold, leaving them vacant and often with insurance lapsing, and other times they choose to rent them out.

Always looking to learn more about property management, and also looking for books to recommend to friends and clients, I just picked up a copy of The ABC’s of Property Management, by Ken McElroy.

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If there were ever a book to convince you not to try to manage an extra home yourself, this is it! Full of stories of things that happen to people when they haven’t mastered the business of property management.

I discovered long ago that property management works fine if you treat it like the business that it is, but not so well if you treat it like a hobby or an afterthought. (Yes, I learned that the hard way.) Here are some handy references for those who choose to do it themselves.

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And if you do it yourself, be sure to learn the Maryland state laws, as well as those of the county and city where your property is located.

Of course, it often pays to bring on a specialist. For those who’d like to team up with a professional property manager, I can make some recommendations in the Annapolis area. You need to be prepared to compensate them somehow, typically by paying a percentage of the rent.  Sometimes you can negotiate a guaranteed rental payment, regardless of vacancy.

Oh, you want to know how to get it free? Some will do it for a portion of the future increase in your property’s value. Let me know if you’d like further details.

P.S.  Call me today for all your Annapolis real estate needs.

“Stop My Double Mortgage Payments, and Get This House Sold Now!” Say Annapolis Real Estate Owners with Vacant Homes

Vacant House in Annapolis

Vacant House in Annapolis

One mortgage payment is bad enough, but two is sometimes just too much to bear. And vacant homes cause all kinds of problems.

Insurance coverage may lapse after thirty days.
Little problems may turn into big problems, because no one was around to notice.  A small trickle becomes toxic mold.
Lawn mowing, leaf blowing, gutter cleaning, snow shoveling – enough to deal with when you live in a home, and a real hassle when you live elsewhere.
Neighbors get mad when the home and yard deteriorates.
The city issues fines for code violations.
Realtors recommend low sales prices, or say they can’t help.

What’s the alternative, renting the home out and risking bad tenants who might trash it?

For those who have had enough, and are determined to stop the double mortgage payments and other ongoing expenses and hassles, other options are available.  Our growing network of Annapolis real estate professionals includes people who create custom solutions, with a little flexibility on everyone’s part.

Professional rehabbers who renovate homes for resale, “hard money” lenders who fund rehabbers, landlords who like to have property and tenants to manage, investors who subsidize mortgage payments for a portion of the equity, note buyers who convert seller financing to cash, insurance experts who provide policies for vacant homes, Realtors who bring home buyers and renters, people who want to “rent to own” or buy with a “lease-purchase.”

If you’d like to participate in these ways or others, please get in touch, and let’s see how we can work together to get more of these vacant homes occupied!

P.S. Call me today for all your Annapolis real estate needs.

Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
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