Corey Brown, President of C. Brown Property Management & Investment, LLC in Baltimore City explains why Source of Income legislation in Baltimore City will be detrimental to housing providers. Watch the shorter edit of the interview: Watch the full interview below:
Corey D. Brown, President of C. Brown Property Management & Investments, LLC, discusses being a property manager in Baltimore City.
This was just posted by the National Association of Realtors Legislative Affairs office: Eligibility of rental income If you generate rental property income, that income can also qualify for the new deduction, as long as you can show that your rental operation is part of a trade or business. The IRS has released proposed guidelines […]
Click here to read my Op-Ed published in the January 14th edition of The Baltimore Sun where I share information and perspective from the point of view of a Baltimore City resident and a rental housing provider on the important issue of using “Source of Income” legislation to force all Baltimore City landlords to accept […]
Baltimore City released its 4th version of the Inspection Checklist (dated 10/29). This update includes a couple of nuances, such as stating that the property “appears” to be free of leaks in water lines and drain lines, the major change is adding the word “appears”. Item I.2 is new, requiring an entry door with a […]
Baltimore City implemented a new registration system for registering rent property, vacant property, and vacant lots. In the past, forms and payment could be submitted by mail or by hand delivering the paper work to the One-Stop Permit Office on Fayette Street. This year, all registration is required to be done on-line and all payments […]
A couple of new laws of interest to landlords in Baltimore City as a result of the 2018 Maryland Legislative Session: Water Bills In single-family houses and 2-unit properties, a requirement for the tenant to pay all or a portion of the water bill must be stated in a written lease agreement. If the tenant […]
Every single-family and 2-unit rental property in Baltimore City will have to be inspected by a private third-party home inspector before December 31, 2018 under legislation set to be voted on April 16. Buildings with more than 2 units used to be inspected annually by Baltimore City Housing Inspectors at no cost to the landlord. […]
Congress and the President gave the country a huge Christmas present with the signing of the “Tax Cuts and Jobs Act” on December 22, 2017. We have all heard varying accounts about this new tax law; but what is the impact for rental property, apartment property, and commercial-investment real estate owners and managers? Our models […]
Landlords must pay 2.6% interest on residential security deposits for calendar year 2019. Interest is computed monthly. The rate is mandated by Maryland Law to be the greater of 1.5% or the US Treasury Yield Curve Rate for 1-year on the first business day of each year. Click here: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield On January 2, 2019, […]