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One of the worst fears Maryland landlords have is thinking that their tenants will leave before their fixed term is over. However, at times, tenants may choose to continue staying even after their lease has ended. In most cases, it's a landlord's mistake to let said tenant stay without renewing their lease. A holdover tenant is one that has stayed beyond their lease term. If you continue accepting rent, the tenancy will continue and will automatically become month-to-month. The tenant will continue renting your property at the same terms and co…

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Winter is a magical time of year in Maryland, with cozy nights by the fire, hot cocoa, and snowy landscapes. However, for landlords and tenants alike, winter can also be a challenging time. Preparing your rental property for winter can help ensure that it remains safe, comfortable, and in good condition throughout the colder months. From protecting pipes from freezing to ensuring adequate heating and insulation, there are several important steps that landlords and tenants can take to prepare for winter. So, if you want to keep your rental prop…

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As landlords, ensuring the safety and well-being of your tenants and their pets is important. While you may not be responsible for the health of your tenants' pets, allowing pets on your property can come with certain risks and liabilities. Pet screening can help mitigate these risks by identifying potential health or behavioral issues that could threaten other tenants or the property. Additionally, by requiring pet screening as a part of your rental agreement, you can demonstrate your commitment to maintaining a safe and healthy living envir…

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A 1031 Exchange allows an investor to exchange one property for another and have it be tax free. It gets its name from Section 1031 of the U.S Internal Revenue Code, which spells out the rules that an investor must abide by when exchanging an investment property for a replacement property. If you follow the exchange process correctly, you may be able to defer capital gains tax payment almost an infinite number of times. Consequently, you may be able to build significant wealth over time as you exchange one rental property for another. As part …

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If you opt to be a DIY landlord, there are certain pitfalls you need to avoid. You want to avoid costly mistakes and stress from lawsuits or dealing with time-consuming evictions. Review these common mistakes DIY landlords often commit: 1. Failing to have a written lease or rental agreement Rental agreements serve to protect the interest of the landlords and set the terms and conditions properly. Foregoing a written leasing agreement can lead to potential issues when problems crop up. If you don’t have an on-hand lease for reference, it’s a…

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