The Best Property Managers in Baltimore County MD Are the Ones Proven Safe To Hire
Property managers in Baltimore County MD bearing The Prime Buyer's Report TOP 10 symbol are those property management companies proven by our independent research to have passed the TOP 10 requirements for reliability and value, that have liability insurance as protection for you the client, who use only employees legal to work in the U.S., and for whom our staff has called previous clients to verify high satisfaction with them for property management in Baltimore County MD, including vacation rentals, apartment buildings, rental homes, and commercial property management such as for office building managment, malls and other retail properties.
Updated November 04, 2016
The Best Property Managers in Baltimore County MD Are the Ones Proven Safe To Hire
The state of Maryland doesn't require any state license of companies doing property management in Baltimore County MD so there's no state standard for competency. Because property management services do renting, leasing, collecting rent, and finding tenants in their management of apartments or other rental properties such as office buildings and malls, many states require property management companies to have a state brokers license. Maryland is not one of those, and so no state license is legally required of companies doing property management in Baltimore County MD.
Without a license requirement, there is also no mechanism requiring them to first show the state proof of liability insurance and workers' comp insurance before engaging in property management services in in Baltimore County MD. Both are critical to you since you could be on the hook for any accidental damage done to your property, or for the injury of one of their employees on your property.
This makes it significant that all property managers in Baltimore County MD who bear The Prime Buyer's Report-TOP 10 symbol have been cleared by our research staff as passing all the requirements for Prime Buyer's Report-TOP 10 status such as survey phone calls to previous clients to verify high satisfaction, good complaint record, verified liability and workers' comp insurance for your protection, using only employees legal to work in the U.S., and more.
Property Management Companies in Baltimore County MD
Whether you need good residential property managers, commercial property managers or property management companies for retail property management in Baltimore County MD, the best property managers know how to maximize your income by minimizing vacancies and finding tenants. Good property management companies in Baltimore County MD also oversee maintenance to retain the value of your buildings.
Some property management firms in Baltimore County MD have particular expertise in either residential or commercial property management and other properties including marinas, retail buildings, and mobile home parks. The kind of property you own will determine the experience and size of the property management companies you consider.
Responsibilities of Residential Property Managers in Baltimore County MD
Residential property management companies in Baltimore County MD deal with tenants and are responsible for coordinating repair, maintenance, and tenant improvements. They often also collect rent, and remit taxes and make other payments.
The core responsibility of rental property managers (also called apartment property managers) is to serve as the conduit between the tenants and the property owner. This can include dealing with overdue rent and tenant evictions. Some residential property managers are also responsible for renting out units, rental showings and tenant contracts. They lessen the burden on the building owners by taking over tasks including maintenance appointments and overseeing tenant improvements. Good rental property managers will send monthly reports to the property owners to keep them up to date on financial and property details.
Responsibilities of Commercial Property Managers in Baltimore County MD
Commercial property managers do many of the same tasks that rental property managers do, but they must also have experience managing multiple tenants, property management software and accounting systems, building security and management issues that are unique to commercial and retail spaces. The best commercial property management companies in Baltimore County MD also pay the utility bills and expenses.
Commercial and retail property managers take care of the day-to-day up keep of the property and often advertise vacant properties and screen the potential tenants. Their expertise might also include minimizing vacancies and increasing the income the property generates. Experienced property management services can even increase profit by advising property owners on the price of available units based on comparable units in nearby areas.
Some Property Management Companies in Baltimore County MD Are Better Than Others
The cheapest property managers in Baltimore County MD usually aren't the best ones. Cutting corners and lack of full oversight lead to bigger expenses later on that could have been avoided.
The Prime Buyer's Report lists these Property Management Companies in Baltimore County MD: Bay Management Group Baltimore MD, American Property Management Lutherville MD, Tidewater Property Management Owings Mills MD, Skyline Property Management Baltimore MD, Lees Property Management Co Baltimore MD, Attman Property Management Baltimore MD, Star Property Management LLC Baltimore MD. Other property managers in Baltimore County MD that might still be in business include: .
Questions To Ask Property Managers in Baltimore County MD
To be sure you're getting the best property managers in Baltimore County MD for your particular needs, follow these guidelines below.
Step 1: Describe Your Requirements to the Property Management Companies in Baltimore County MD
Prepare a list of all the tasks you want a property management service to take care of. Then have ready a full description of the property, income and expense information. Share the same list of tasks and property description with all of the property management companies you're considering so their proposals to you are for the same services so that you can make a fair comparison.
Step 2: Use the Following Questions to Evaluate Property Managers
You'll learn a lot about the residential property management companies or commercial property managers in Baltimore County by conducting a short interview. You're likely to find the best property management company for you by choosing the one who can answer your questions to the best of your satisfaction.
The following questions will get you started:
• Are the property managers in Baltimore County available full-time or part time?
• What are their hours of operation? Will they also take care of your property on weekends and holidays?
• How much are the fees, how are they structured, and are there potential extras?
• How many other properties do the property managers manage?
• How strong is their knowledge of your particular local market?
• Do they outsource their duties to other individuals? Or will they be directly involved in all of the property management services?
• Can they prove to you that all their employees are legally allowed to work in the U.S.? (All property management companies in Baltimore County MD bearing The Prime Buyer's Report-TOP 10 symbol have already signed an agreement to only hire documented workers.)
• What are the contract terms?
• Do the employees at the property management companies know how to collect rent?
• Will the property managers provide names of clients you can call to verify their satisfaction? (All property managers in Baltimore County MD bearing The Prime Buyer's Report TOP 10 symbol have already had their clients called by our research staff so you don't have to.)
• Do the property management companies in Baltimore County charge extra fees for property showings, evictions or any extra services?
• How do they advertise the rental units?
• Will they show you copies of their liability insurance and workers' compensation insurance? (All property managers in Baltimore County MD bearing the Prime Buyer's Report-TOP 10 symbol have already had proof of insurance verified by our research staff so you don't have to.)
• What is the average time and cost for them to prepare rental units?
• What has been the average length of time it's taken each of the property management companies to fill vacancies?
• What screening methods do the property managers use when filling apartment vacancies?
Once you've chosen the best property managers in Baltimore County MD for your particular needs, make sure they have a good complaint record, especially since the state of Maryland doesn't regulate the property management industry and doesn't require any state license of property managers. (All property managers in Baltimore County MD bearing the Prime Buyer's Report-TOP 10 symbol have already had their good complaint record verified by our research staff so you don't have to.)
Resources About Property Managers in Baltimore County MD
Regulatory Agencies & Trade Associations Related to Property Management in Baltimore County MD
BOMI Building Owners & Managers Institute International www.bomi.org
IREM Institute of Real Estate Management www.irem.org
NAA National Apartment Association www.naahq.org
NARPM National Association of Residential Property Managerswww.narpm.org
Property Management Association pma-dc.org
MMHA Maryland Multi-Housing Association www.mmhaonline.org
Media Regarding Property Managers in Baltimore County Maryland
Commercial Property News Magazine
Property Management Magazine
Commercial Property Management Magazine
The Journal of Property Management
Rental Property Reporter
International Journal of Strategic Property Management
The Prime Buyer's Report provides information for the TOP 10 Property Managers in Baltimore County MD within the following zip codes:
21094, 21139, 21201, 21209, 21217, 21225-2, 21235, 21284, 21093, 21136, 21163-2, 21208, 21216, 21224, 21234, 21282, 21087, 21133, 21162, 21207, 21215, 21223, 21231, 21252, 21082, 21131, 21161, 21206, 21214, 21222, 21230, 21251, 21128, 21156, 21205, 21213, 21221, 21229, 21244, 21120, 21155, 21204, 21212, 21220, 21228, 21239, 21290, 21117, 21153, 21203, 21211, 21219, 21227, 21237, 21287, 21111, 21152, 21202, 21210, 21218, 21226-2, 21236, 21286, 21071, 21030, 21023, 21022, 21020, 21013, 21057, 21053 and 21031
The Prime Buyer's Report provides information for the TOP 10 Property Managers in Baltimore County Maryland within the following cities:
Arbutus, Baltimore Highlands, Bowleys Quarters, Carney, Catonsville, Cockeysville, Dundalk, Edgemere, Essex, Garrison, Hampton, Kingsville, Lansdowne, Lochearn, Lutherville, Mays Chapel, Middle River, Milford Mill, Overlea, Owings Mills, Parkville, Perry Hall, Pikesville, Randallstown, Reisterstown, Rosedale, Rossville, Timonium, Towson, White Marsh, Woodlawn, Monkton, Sparks and Baltimore