## Best practices and considerations for selling a rental property

 

**1.** How much would it sell for as a primary residence vs. turnkey rental? Rental investors are not likely to pay what a primary residence buyer would pay.

 

**2.** Can you sell AS IS and not conduct expensive pre-sale repairs? How might that affect your net proceeds in a sale to either a rental investor or a primary residence buyer?

 

**3.** What are the carrying costs of your vacant property? Would it make more sense to have tenants in place on a month-to-month lease or would this make it too difficult to coordinate showings (especially with COVID related health and safety concerns)?

 

**4.** Do you need to sell now or can you continue to rent (i.e. short term lease) while addressing deferred maintenance?

 

This is a lot of food for thought and everyone has a different situation when selling a rental property. We would be happy to run the numbers for you to help you figure out the best strategy for selling your rental properties.

 

## Sell with OfferMarket

 

The easiest and most cost-effective way to sell your rental property is with OfferMarket. Whether your rental property is vacant or tenant-occupied, we have handled it all and we look forward to facilitating your Here's how it works:

 

**1. Get Offers** 

 

Take 30 seconds to fill out our [Get Offers](https://www.offermarket.us/sell) request. We'll send you our no obligation marketing contract and collect property details.

 

**2. Review Offers** 

 

Compare multiple competitive AS IS, commission-free offers from qualified buyers in our network.

 

**3. Close on your timeline** 

 

Select the best offer that aligns with your timeline. Whether you need to sell in under 30 days or you have time, our rental property sales platform is designed to meet your specific requirements. Let us handle the paperwork, titlework, and coordinate closing.

 

## What our sellers are saying

 

"When I decided to sell my rental properties in Baltimore, as an out-of-state seller, I was looking for something quick and easy but I did not want to have any regrets about selling for too low a price. At first I tried working with an agent on the MLS, that turned out to take forever because we had to wait for lease expiration and multiple FHA loans fell through. Then a friend told me about OfferMarket. I only with I found them sooner! They ran a competitive campaign, brought in a mix of rental property investors and retail homebuyers, and delivered net proceeds beyond my expectations. I avoided over $100,000 in commissions. I never would have thought I'd be able to sell my rental properties so fast, as-is, with so little effort. If you're selling a rental property, use OfferMarket."

 

*Jordan R., FL*

Selling a rental property can be tricky depending on the property's condition, occupancy and your timeline. Learn our best practices for selling a rental property.

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Selling A Rental Property - OfferMarket Blog

Selling A Rental Property

A hard money lender is a type of lender who provides short-term loans to business entities that are secured by real estate. Unlike traditional banks, hard money lenders focus on the value of the property being used as collateral and the quality of the deal rather than the income of the borrower.

 

## Hard Money Lender - Overview

 

Hard money loans are typically used by full time real estate investors and landlords who need access to funding to purchase or renovate properties because they don't have a W-2 income typically required to work with a bank or already have extensively leveraged portfolio and their traditional lender has tapped out. The interest rates on hard money loans are higher than traditional loans, often in the double digits, and the loan terms are typically much shorter, ranging from a few months to a few years in order to compensate the lender for higher risk associated with typical deal used to fund by these loans.

 

While hard money loans can be expensive on relative basis, they can be a useful tool for real estate investors and landlords who need real estate funding to pounce on a deal or who may not qualify for traditional financing due to poor credit, existing leverage, or lack of income documentation. Hard money lenders can be individuals or companies, and they typically have their own specific criteria, a 'credit box', for approving loans.

 

## What is a hard money lender?

 

A hard money lender is a type of lender that offers short-term and long-term business purpose, non-owner occupied loans that are secured by real estate. These loans are typically used by real estate investors, landlords and developers who need access to funding to purchase or renovate real estate. Unlike banks and traditional lenders, hard money lenders are less concerned with the borrower's job income and more focused on the value of the property being used as collateral, quality of the deal and borrowers operational track record.

 

Hard money loans are generally more expensive than traditional bank loans, with higher interest rates and fees. However, they can be a useful tool for real estate investors who need to move quickly on a deal or who may not qualify for traditional financing due to poor credit or lack of income documentation. Hard money lenders may also work with borrowers who need bridge financing, which is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing property.

 

While hard money loans can be a good option for real estate investors, borrowers should be aware of the risks involved. If the borrower defaults on the loan, the hard money lender can foreclose on the property and take possession. Therefore, it's important for borrowers to carefully consider their ability to repay the loan and to work with a reputable hard money lender who is experienced in the industry.

 

### Benefits of working with a hard money lender

 

#### Easier to qualify for a loan

 

A hard money lender is more likely to approve loans for borrowers who may not qualify for loans with traditional banks. This is because a hard money lender is not subject to the same strict lending standards as traditional banks. A hard money lender typically focuses on the value of the collateral being used to secure the loan, rather than the borrower's income. However, its a common misconception that hard money lenders don't consider borrowers credit worthiness. If a borrower lacks track record, conventional measures of creditworthiness such as a credit score or financial history is the only thing left for a hard money lender to make decision on. This makes it easier for borrowers with no W-2 income to qualify for a loan, such as any self-employed professional such as real estate investors, contractors, real estate agents or landlords. 

 

Main reasons why it is easier to qualify for a loan from a hard money lender are:

 

- Hard money lenders are not subject to the same strict lending standards as traditional banks. This means that they are more likely to approve loans for borrowers without W-2 income. However this doesn't mean that the borrower can have bad credit, since credit score is still an important metric used for loan underwriting
- Hard money lenders typically focus on the value of the collateral being used to secure the loan. This is another reason why W-2 income plays a smaller role when it comes to borrower qualification
- Hard money lenders are more flexible with their offering. Unlike banks that have very rigid, product specific, lending criteria, a hard money lender may have their own pull of capital meaning that they are more flexible with products that they can offer from the perspective of loan duration, rate, collateral class and any other metric used to quantify a loan. 

 

#### Faster timeline to closing

 

Banks and private money lenders have different lending processes and requirements that can affect the speed of the lending process. Here are some factors that can hold up banks' lending process compared to private money lenders:

- Strict Underwriting Process. Banks typically have a more rigorous underwriting process compared to private money lenders. They often require more documentation and verification of the borrower's financial information, such as tax returns, credit reports, and employment history. This can take longer to collect and process, leading to a slower lending process.
- Income Verification. Banks typically require a higher credit score and income verification to approve a loan. They may also have stricter debt-to-income ratio requirements. These additional requirements can delay the lending process as the bank spends more time assessing the borrower's financial background.
- Regulatory Compliance. Banks are subject to a wide range of regulations designed to protect consumers and ensure the safety and soundness of the financial system. These regulations can be time-consuming to comply with, which can slow down the lending process. Private money lenders may not be subject to the same level of regulation, which can make the lending process faster.

In contrast, a hard money lender can often offer faster loan approval and funding times due to their streamlined processes and flexible underwriting criteria. However, due to these factors and higher risk faced by investors in this lending space, a hard money lender may charge higher interest rates and fees compared to banks to protect themselves from increased likelihood of not getting repaid. 

 

### Risks of working with a hard money lender

 

Borrowers must carefully weigh the risks and rewards of working with a private money lender and ensure that they have a clear and viable plan for repaying the loan before entering into any loan agreement. It's important to do your due diligence and research potential lenders, as well as seek advice from trusted advisors such as other real estate investors, developers or landlords. 

 

- Higher Overall Risk. Hard money lenders generally operate in a higher risk environment than traditional lenders such as banks. As a result, the terms of the loan may be less favorable to the borrower, including higher interest rates and fees, shorter repayment periods, and lower loan-to-value ratios. Borrowers must carefully consider the risk versus reward of taking out a hard money loan, and ensure that they have a clear and viable plan for repaying the loan.
- Personal Guarantees. Private money lenders may require borrowers to provide personal guarantees for the loan, which means that the borrower is personally liable for the loan if they default. This can put the borrower's personal assets at risk, such as their home, cars, or savings. Borrowers must carefully consider the potential consequences of a default and ensure that they have the means to repay the loan before taking out a hard money loan.
- Higher Monthly Payments. Hard money loans typically have shorter repayment terms, usually between 12 to 24 months. This can result in higher monthly payments than traditional loans, which can increase the risk to the borrower if they experience unexpected expenses or a drop in rental income produced by the property. Borrowers must ensure that they have the cash flow to cover the monthly payments throughout the loan term.
- Prepayment Penalties: Some hard money loans may come with prepayment penalties, which can make it difficult for the borrower to refinance the loan if interest rates fall. This can leave the borrower with limited options if they need to exit the loan before the end of the term. Borrowers must carefully review the loan agreement and ensure that they understand the terms of the loan, including any prepayment penalties, before signing on the dotted line. However, this is a much lower risk since most hard money loans are short term in nature. 

 

### What questions should I ask a hard money lender?

 

When you are considering a hard money loan, it is important to ask the lender a number of questions to make sure that the loan is right for you. These questions include:

 

1. What are the fees associated with the loan? 
2. What is the interest rate on the loan?
3. Do I need to provide a personal guarantee?
4. Do you require a business entity as a the borrowing entity?
5. Do I need to pledge shares?
6. What is the term of the loan?
7. Are there any prepayment penalties?
8. What is the collateral for the loan?
9. What is the lender's experience in real estate lending?
10. What are the appraisal fees?
11. What is the optimal Loan to Value (LTV) on this loan to get the best interest rate?
12. Can I buy down the interest rate?
13. How many points do you charge?
14. Why should I go with you versus other hard money lender if your rates and fees are the same? 
15. What is the loan application process like? 

 

When you are choosing a hard money lender, it is important to compare different lenders and their terms to find the best loan for your needs. You should also make sure that the lender is licensed and insured.

 

## How does hard money lender work?

 

A hard money lender typically act as intermediaries between borrowers and capital providers, underwriting the loans and managing the loan servicing process. The capital providers may be a network of individual or institutional investors who compete for borrowers' loans. The hard money lending supply chain may vary depending on the lender, with some lenders using their own capital to fund loans and others relying on a network of investors.

 

1. Borrower Requests Loan: A borrower seeking a hard money loan submits a loan application to a hard money lender, usually including details of the property being purchased or refinanced, the borrower's credit history, and the proposed loan terms.
2. Lender Evaluates Loan: The hard money lender evaluates the loan application, including the borrower's creditworthiness and the value of the collateral property. They may also request additional information or documentation to help evaluate the loan.
3. Loan Underwriting: The hard money lender underwrites the loan, determining the loan amount, interest rate, and other terms. Unlike traditional lenders such as banks, hard money lenders typically focus more on the value of the collateral property than the borrower's credit history.
4. Loan Approval: If the hard money lender approves the loan, they provide the borrower with a loan commitment letter outlining the terms of the loan, including the interest rate, repayment period, and any fees or prepayment penalties.
5. Capital Providers: Hard money lenders may be intermediaries who connect borrowers with a network of individual or institutional investors who provide the capital for the loans. Alternatively, they may use their own capital to fund loans.
6. Loan Servicing: After the loan is funded, the hard money lender services the loan, collecting monthly payments from the borrower and managing the loan account.
7. Loan Repayment: At the end of the loan term, the borrower repays the loan in full, including any interest and fees. If the borrower fails to repay the loan, the hard money lender may foreclose on the collateral property to recover their investment.

 

## How to find a hard money lender?

 

Finding a hard money lender can be a daunting task, but there are several resources available online that can help you identify potential lenders. Here are some tips on how to find a hard money lender and what to look for.

 

The most effective way to find a hard money lender online is to use search engines and variety of key word terms such as: 

 

1. "Hard money lender"
2. "Private money lender"
3. "Hard money loans"
4. "Private money loans"
5. "DSCR loans"
6. "Fix and flip loans"

 

These are just some of the key words that you can use. Once you search a handful of these, on the first page of the results you will see some repeating company names. Visit those sites and build a list of potential lenders you want to reach out to to start your evaluation process. 

 

## How to pick a hard money lender?

When evaluating potential hard money lenders, consider the following criteria:

- Experience: Look for lenders who have a proven track record of successful lending in the real estate industry.
- Reputation: Research the lender's reputation in the industry, including reviews from other borrowers and industry professionals.
- Loan Terms: Consider the loan terms, including interest rate, loan-to-value ratio, and repayment period.
- Fees: Check for any upfront fees, such as application fees or appraisal fees, and ensure that they are reasonable.
- Communication: Look for a lender who is responsive and communicates clearly throughout the loan process.
- Warning Signs: Be wary of lenders who require large upfront fees, make promises that seem too good to be true, or pressure you to make a quick decision.
- Positive Signs: A high-quality hard money lender will have a reputation for transparency and honesty, and will be willing to answer your questions and provide references from other borrowers.
- Don't Overlook the Details: Review all loan documents carefully and ensure that you understand all of the terms and conditions of the loan. Don't be afraid to ask questions or seek advice from trusted professionals such as attorneys or financial advisors.

In summary, finding a hard money lender requires research and due diligence, including evaluating their experience, reputation, loan terms, fees, and communication. Look for warning signs such as large upfront fees or unrealistic promises, and seek out positive signs such as transparency and honesty. Don't overlook the details of the loan documents and seek advice from trusted professionals as needed.

A hard money lender is a type of private lender who provides short-term loans that are secured by real estate. Unlike traditional banks, hard money lenders focus on the value of the property being used as collateral

Hard Money Lender - Loans secured by real estate

<img load="lazy" src="https://upload.wikimedia.org/wikipedia/commons/3/36/2019-05-20_17_17_15_View_north_along_Maryland_State_Route_851_%28Main_Street%29_at_A_Road_in_Sykesville%2C_Carroll_County%2C_Maryland.jpg" alt="Image of townhomes in Carroll County Maryland MD">

 

## Carroll county property management companies
 

Below you will find a list of top rated property management companies Carroll county. This list present the most dependable property managers in Carroll county, but make sure to do your own research and interview each potential property manager. Over time, things change, key managers switch jobs and managers reputations evolve, thus it's imperative to inteview each manager to make sure their reviews and other data posted on the internet is not stale and in line with their current performance. This process is paramount in identifying the best firm that will address all of your landlord needs and justify their monthly fees while keeping your tenants happy. 

 

## UTZ Property Management - Carroll county property management company
<img load="lazy" src="https://www.utzpm.com/images/logo.png" alt="UTZ Property Management Logo">

<iframe width="560" height="315" src="https://www.youtube.com/embed/mCFjYuhc7mc" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

 

Description: WHY CHOOSE UTZ? Don't let just anyone manage your rental property. We're experts in Maryland landlord-tenant laws, and work to keep your property compliant. Say goodbye to the risks and let our team take control. Some property managers still do everything the old way, but we do things a little differently. We provide online account access to owners and tenants alike and work quickly to keep your property performing optimally. So, you own a Maryland rental property—you need local experts to get the most out of your home! We've helped countless homeowners to maximize their profits and we know what it takes to get great results. At UTZ Property Management, we work diligently to provide the best property management in Baltimore and Greater Baltimore. Our talented staff of real estate pros pays close attention to the local market and we do our utmost to keep your home performing optimally. Whether you own a single residential home or a large portfolio, we're ideally positioned to help you succeed. Serving Baltimore County, Carroll County, Howard County, Anne Arundel and Frederick County 

Website: [https://www.utzpm.com/](https://www.utzpm.com/) 

Google Rating: [4.5](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c83876ab3bdeeb:0x1db0b6fed7885ab,1,,,&rlfi=hd:;si:133713189290935723,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0jkxNzc5YCAgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Google Reviews: [89](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c83876ab3bdeeb:0x1db0b6fed7885ab,1,,,&rlfi=hd:;si:133713189290935723,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0jkxNzc5YCAgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Phone: (410) 332-4432 

Address: 101 W Main St, Westminster, MD 21157 

Property Management Monthly Fee: [Contact to find out](https://www.utzpm.com/baltimore-property-management) 

Leasing fee: [Contact to find out](https://www.utzpm.com/baltimore-property-management) 

Lease renewal fee: [Contact to find out](https://www.utzpm.com/baltimore-property-management) 

 

## Westminster Property Management - Carroll county property management company
<img load="lazy" src="https://westminsterpropertymanagement.com/wp-content/uploads/2017/06/FINALGreenCircleYellow.png" alt="Westminster Property Management Logo">

Description: Family-owned and operated, Westminster Property Management is a full-service property management company that exclusively serves Westminster, Maryland. Our goal is to create a plan that best suits your needs. When you choose Westminster Property Management, you don't just hire a property manager; you’ll gain a team that treats every property like their own. We reside in Westminster so we are able to deliver quality service quickly. 

Website: [https://westminsterpropertymanagement.com/](https://westminsterpropertymanagement.com/) 

Google Rating: [4.5](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c8380d10dbd4a9:0xf47f3e4ec326a5b4,1,,,&rlfi=hd:;si:17617868775299130804,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iBg73Voq6AgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Google Reviews: [22](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c8380d10dbd4a9:0xf47f3e4ec326a5b4,1,,,&rlfi=hd:;si:17617868775299130804,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iBg73Voq6AgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Phone: (410) 848-7045﻿ 

Address: 265 E Green St, Westminster, MD 21157 

Property Management Monthly Fee: [Contact to find out](https://westminsterpropertymanagement.com/) 

Leasing fee: [Contact to find out](https://westminsterpropertymanagement.com/) 

Lease renewal fee: [Contact to find out](https://westminsterpropertymanagement.com/) 

 

## LMS Property Management, LLC - Carroll county property management company
<img load="lazy" src="https://lmspropertymanagement.com/wp-content/uploads/2020/11/LMS-property_header-maryland.jpg" alt="LMS Property Management, LLC Logo">

 

Description: LMS Property Management, Maryland – residential and commercial properties in Westminster, Carroll County and the greater Baltimore, Maryland area (Baltimore County, Howard Co, Frederick). LMS Property Management Carroll County, MdMS Property Management, a full service company, provides top quality commercial, residential and community management service. We can custom tailor your property management and maintenance program to fit your budget. Let us help you with all the day-to-day details of managing, maintaining, and marketing your rental properties. We are a full-service Property Management company for Baltimore, Carroll & Howard County and Frederick, Md 

Website: [https://lmspropertymanagement.com/](https://lmspropertymanagement.com/) 

Google Rating:: [4.3](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c838257f7fda11:0xc219802618e5f76c,1,,,&rlfi=hd:;si:13986351018890622828,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iPwdrrlquAgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Google Reviews: [12](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c838257f7fda11:0xc219802618e5f76c,1,,,&rlfi=hd:;si:13986351018890622828,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iPwdrrlquAgAhaQxADEAQQBRgCGAMYBBgFIi9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Phone: (443) 605-7611 

Address: 345 Woodward Rd, Westminster, MD 21157 

Property Management Monthly Fee: [Contact to find out](https://lmspropertymanagement.com/residential/) 

Leasing fee: [Contact to find out](https://lmspropertymanagement.com/residential/) 

Lease renewal fee: [Contact to find out](https://lmspropertymanagement.com/residential/) 

 

## BMC Property Management - Carroll county property management company
<img load="lazy" src="https://bmcpropmgmt.com/wp-content/uploads/2019/04/BMC-Property-Management-LLC-logo.jpg" alt="BMC Property Management Logo">

 

Description: BMC Property Management, LLC is exclusively dedicated to managing residential real estate in the Howard County & Carroll County area. We are 100 percent focused on marketing your property, securing qualified tenants, and maximizing your rental income. BMC will take care of every detail to make sure your investment remains in top condition, from improvements to maintenance and emergency repairs with no add-on fees. Our property management group takes a proactive, hands-on approach to property management, we are proud to be family owned and locally operated. 

Website: [https://bmcpropmgmt.com/](https://bmcpropmgmt.com/) 

Google Rating: [5.0](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c825c9580c6ce3:0x8c4a317775075890,1,,,&rlfi=hd:;si:10108946702720784528,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iv4uWng6-AgAhaRxADEAQQBRgAGAEYAhgDGAQYBSIvY2Fycm9sbCBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMqAggDeg5DYXJyb2xsIENvdW50eZIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueaoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Google Reviews: [4](https://www.google.com/search?q=carroll+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=FRKLYeDiFfnSytMPsOO16As&oq=carroll+county+md+property+management+companies&gs_l=psy-ab.3..0i8i30k1.2006344.2008022.0.2008320.7.7.0.0.0.0.92.464.6.6.0....0...1c.1.64.psy-ab..1.6.464...0i8i7i30k1.0.CH-HyNHPKDM#lrd=0x89c825c9580c6ce3:0x8c4a317775075890,1,,,&rlfi=hd:;si:10108946702720784528,l,Ci9jYXJyb2xsIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllc0iv4uWng6-AgAhaRxADEAQQBRgAGAEYAhgDGAQYBSIvY2Fycm9sbCBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMqAggDeg5DYXJyb2xsIENvdW50eZIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueaoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[39.665378600000004,-76.577542],[39.2459103,-77.1969933]]) 

Phone: (410) 935-6098 

Address: 45370 Alton Ln Suite 102, California, MD 20619 

Property Management Monthly Fee: [Contact to find out](https://bmcpropmgmt.com/contact-us/) 

Leasing fee: [Contact to find out](https://bmcpropmgmt.com/contact-us/) 

Lease renewal fee: [Contact to find out](https://bmcpropmgmt.com/contact-us/) 

 

## Important factors to consider when hiring Carroll county property management companies

 

When evaluating a property manager there are several important factors that you need to consider other than their monthly fees to make a good decision. While monthly fees are important, renewal fees and leasing fees are a key consideration, sometimes other services property managers provide might be well worth above average fees. Consider reviews and what others have to say about about their experience with each property manager before moving forward and signing a contract. Do your research!

 

Here are additional factors that you should take into the account:

 

- Staff on call and available 24/7 in Carroll county
- How quickly they address maintenance issues
- Do they have an extensive list of contractors in Carroll county
- Do they have a large team of professionals in Carroll country to server as back ups
- How many years of experience do they have in Carroll county, managing rental in different locations sometimes calls for additional skills
- Do they have a competitive rate for Carroll county? If their rate is higher what justifies that? If its lower, is it because they lost clients and need to discount their service?
- Are they locally operated in Carroll county? Proximity to your rental property is key to providing best property management service. 
- Do they collect rent in person in Carroll county or do they have more sophisticated tool to handle rent collection?
- Why tenant services do they provide?
- Are there other top property management companies Carroll county?
- Will they find tenants Carroll county?
- Will they post house listing Carroll county?
- Will they evict tenant Carroll county?
- Do they have good testimonials from other landlords Carroll county?
- Will they quickly find tenants Carroll county?
- Do they have decades of experience Carroll county?
- Do they have access to best contractors Carroll county?

- Do you feel comfortable entrusting you investment property Carroll county to this property management company Carroll county after having an interview with them?

 

## Questions to ask Carroll county property management companies

 

Below you will find a list of interview questions you must ask a potential property management firm before agreeing to hire them to manage your property. These questions will help you identify a good firm and set expectations from day one. Make sure to note their responses so you have an easy way to compare between candidate firms that you interview. Remember you are the client, they will manage and represent you to your tenant, this is a key to being a successful landlord, so no questions are off limits to help you figure which company is the right fit. If any of the responses rub you the wrong way, make sure to note that down and always go with your gut feeling. If something is wrong in this early stage, then its more than likely additional problem will follow, especially when you are not in the room and the firm engages with your tenant directly. Imagine loosing a long term tenant because property management firm didn't do a good job maintaining your property, this is a scenario these questions will help you avoid. Best property management companies Carroll county should have easy time giving you solid answers for below questions. 

 

1. What is your monthly property management fee?

2. What is the leasing fee?

3. What is lease renewal fee?

4. Do you have a point of contact who is available 24/7?

5. Do you have a back-up contact in case the first contact is not available?

6. Do you provide any warranties, such as tenant durations warranties? 

7. Do you provide any warranties on how quickly you can find a tenant for my rental?

8. Do you handle all types of rental maintenance issues? 

9. How many rentals do you manage in Carroll county? 

10. What have I not asked you that I should know about? (this is a great open ended question that might reveal more about the company that you didn't anticipate)

11. Why should I choose you over other best property management companies Carroll county? (this is another great open ended question that might reveal more about the company that you didn't anticipate)

 

## Can landlords sell properties with tenants in place? 

 

Landlords often believe that they have to vacate their property and stage it to get top dollar for their portfolio rental. OfferMarket exists to dispels this notion. Everyday tired landlords or busy landlords post their rental properties with tenants in place on our free and open real estate marketplace to see if another rental investor would give them an offer for their rental. 

 

OfferMarket specializes in augmentation of rental portfolios, ether through disposition of outlier properties or through acquisition of attractive rental with tenants already in place. If you want to test the market and see if you get offers on your rental with tenants in place, [create a free listing](https://www.offermarket.us/sell) and see if other landlords would offer you an even higher price than the market since you already have tenants in place and they would have to do less work to make it cashflowing. On the other hand, if you are looking for cash flowing properties, [checkout our map](https://www.offermarket.us/listings) to see if there are any rental properties that might catch your eye, feel free to talk directly to the seller, schedule a tour or submit an offer, completely free and without any obligations. OfferMarket exists to help Maryland landlords buy and sell properties, commissions free, with ease and expediency. 

 

Checkout our [listings on our map](https://www.offermarket.us/listings) or [create a free listing to test the market](https://www.offermarket.us)

Dependable property management company is what every busy landlord needs. This list present the most dependable Carroll county property management companies.

Best Carroll County Property Management Companies

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Dependable Carroll County Property Management Companies - OfferMarket

Dependable Carroll County Property Management Companies

Grow your real estate investing business with the most competitive and transparent private lender for bridge loans (hard money, fix & flip, rehab, ground up construction), DSCR rental loans.

Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

## The question: Deal or no deal?

 

We provided the following information:

 

- Purchase price: $50,000
- Current rent: $650
- Market rent (as is): $750
- Tenants: current, in property for 4+ years
- Location: 602 Archbald St L83, Scranton, PA 18504
- Condition (1 - 5): 3.5

 

## How would you vote?

 

Take a moment to decide... deal or no deal?

 

## The results

 

- Yes: 150 votes (83.33%)
- No: 10 votes (5.55%)
- Not enough details: 20 votes (11.11%)

 

## Additional insights

 

Several of the investors we polled offered helpful insights and considerations that every rental property investor should be including in their due diligence.
​
 

- Does it need repairs?
- Have the tenants been paying?
- Are current tenants willing to pay market rent?
- What are the property taxes?
- Do you plan to own several SFR in the same area?
- Will you be using a property manager or self manage?
- Is the population in Scranton growing or declining?

 

Answers to these questions and more are included in the [full deal overview](https://dbxjzbrgne13e.cloudfront.net/listings/602-Archbald-St-Scranton-PA-18504-USA?ref=blog-deal-or-no-deal).

 

**Update:** An offer of $46,000 has been accepted and the Seller and Buyer are expected to close in January 2021. Browse active listings for turnkey rental properties by clicking 'Listings' above.

Deal or no deal? We asked 180 rental property investors if they would do this deal. Rental investment property in Scranton, PA.

Deal Or No Deal? Crowd Sourcing Rental Property Investing Decisions

The question: Deal or no deal?

How would you vote?

The results

Additional insights