Category: Tenant Placement

Have you been thinking about renting your property to a Section 8 Voucher Tenant? If you answered Yes, you probably know that there are many different types of tenants with different sources of income. Most people are employed and work for a living. However, there are people who due to circumstances may have a different source of income such as, Section 8 vouchers, BHRP Vouchers, SSI (Supplemental Security Insurance), and SSDI (Social Security Disability Insurance), just to name a few.

Today, I’m going to give you 3 great reasons to rent your home to a Section 8 voucher tenant also known as a Section 8 voucher holder. Fortunately, you can apply these reasons to all permanent housing voucher programs.

Guaranteed Rent Each Month

The biggest risk associated with property rentals are non-paying tenants. Landlords can lose thousands of dollars trying to evict a tenant from a rental property. Consequently, once the tenant is out of the home, the landlord loses again because the property must be cleaned and repaired. That will cost more money, and ultimately leads to more losses. Therefore, the hugest benefit that a Section 8 voucher holder can guarantee is cold hard cash in your bank account each month. And the great thing about government checks is that the money always arrives on time, and the check always clears.

Minimize Financial Risk/Loss

The easiest way to minimize your financial risk and any potential financial loss is to rent your property to a Section 8 tenant. The Section 8 voucher will cover most of the rent. The voucher holder is responsible for a small portion of the rent. The tenant’s portion is based on their income, specifically 30% of their income. So, if the Section 8 voucher holder receives $1,000 per month in household income, the tenant’s rent is $300 per month.

Therefore, there is some risk involved. However, it’s greatly minimized when you can depend on the housing department and local government to pay the largest portion of the rent.

Peace of Mind

Managing and owning rental properties can be stressful. And anyone who has ever had a non-paying tenant can attest to that. It can cause great stress in your life and can even strain your personal and business relationships. Therefore, it is no small matter.

That is why, peace of mind is listed last, but not its value is not least. In fact, its invaluable. Renting to a Section 8 tenant can help you move towards peace of mind. At least concerning rent collections and property management. Just keep in mind, renting to a Section 8 tenant is in no way different than renting to a tenant who is employed and does not have a voucher. However, you have an added benefit of knowing without a doubt each month that you will receive a check from your local government’s housing department.

Finding paying tenants is the hardest part of property management and owning rental properties. However, renting your home to a section 8 voucher holder can greatly affect your finances, and your state of mind. If you are interested in renting your property in Baltimore to a Section 8 tenant, we can help you. Contact us at The Baltimore Tenant today at 410-994-6159.

New tenants, first-time tenants, life-long tenants, all tenants want to find a rental home that has a good landlord. However, much like a Landlord trying to find good tenant, tenants can have a hard time finding good Landlords. Landlords in Baltimore come in all shapes and sizes, and consequently that means that Landlords are not all created equally. In this article we will explain to renters in Baltimore who are seeking Renter Placement Services that there are two things that a good landlord will always have.

Clean House

As a real estate agent in Baltimore working primarily in Renter Placement Services, I’ve had the privilege and fortune to tour many homes. I’ve toured mansions, and investment properties. But the properties that I have toured the most have been rental properties in and around Baltimore, Maryland. One major indication that you have a good Landlord is a thoroughly cleaned home.

Landlords who take the time and money to have a home cleaned show and prove that they are willing to invest money to maintain the upkeep of the home. When you move into a home and it is spic and span clean, you as a tenant are responsible for leaving the home in the same condition you found it in. Therefore, a clean home is a good indicator that the Landlord is willing to invest time and money to keep the home in good condition.

Rental License

Rental licenses are new in Baltimore, Maryland. Every Landlord in Baltimore that has a rental property must now have a rental license. Rental licenses are great for Tenants, because it says that the Landlord has passed a state inspection proving that the home is safe and habitable. Some of the things that Landlords have to prove in order to receive a rental license are cleanliness, working appliances, home void of rodents, home void of water damage and mold, amongst many other things. However, the presence and the proof of your Landlords’ rental license can assure you that the home is in good rental shape, and that you may have a pretty good Landlord in your corner.

Landlords like everyone and everything else, can be really good, and they can also be really bad. However, these two tips will help you steer clear of the bad Landlords and the straight-up Slum Lords. And please remember, The Baltimore Tenant provides Renter Placement Services to Tenants FREE of charge (MLS ONLY). Find out how today when you give us a call at 443-803-8086.

The most difficult part about Tenant Placement is determining whether an application for tenancy accurately identifies whether a person will be a good tenant or a bad tenant. Newly renovated properties that are priced properly receive a lot of inquiries. Primarily from potential tenants hoping to tour the home and eventually submit an application for tenancy. However, when you have over 200 leads, 80 showings, and 10 people who want to apply for the home it can be difficult to figure out whose the good tenant and whose the bad tenant. Therefore, if you are a Landlord who owns rental property in Baltimore, and are in need of Tenant Placement Services this article is for you. We will explain to you two good things that all good tenants have.

Verifiable Income

Need I say more? Money makes the world go ‘round, and I’ve never seen a good tenant that could not verify their income. Many people work, most people work, but not all people have verifiable income. Verifiable income can be proven with documentation. The most common way to verify income is to ask the potential tenant for their most recent pay stubs.

Pay stubs contain a lot of information such as employee name, employer name, salary or wage, payroll company, address, and more importantly gross and net income. The most significant information is the net income, because the net income is what the tenant actually earns after taxes. After verifying their income using pay stubs, call their employer to further verify their income with the Human Resources Department. If the tenant works for a small company ask to speak to the business owner or supervisor to obtain the information you need to verify their income.

Stable Work History

Work history is just as important as income. This is because you generally don’t get one without the other. You need to work to earn an income; therefore any good tenant will have both. When a Baltimore Landlord seeks Tenant Placement Services, it’s usually for a lease period of 12 to 24 months. Therefore, you should look for any tenant to have a work history, that is as long or longer than the lease period.

The best way to learn more about your potential tenants work history is through the initial application for tenancy. Tenants who have worked at their current place of employment for at least 18 months are considered to have a stable work history. However, tenants are people and not bots. So, if you have concerns about a potential tenants work history, ask them to provide you with a letter of explanation. In the letter, have the tenant explain to you why their work history has not been stable. Stable tenants are good tenants. Therefore, it is really imperative that any tenant you choose has a stable work history, and an admirable work ethic.

As, you can see Baltimore Landlords may need help when Tenant Placement becomes a hassle and a burden. And that is why The Baltimore Tenant is the one stop shop for Landlords and Tenants. We are owned by a real estate agent. We have been trained by the #1 Real Estate Company in America, Keller Williams. Therefore, if you are a Landlord in Baltimore and in need of Tenant Placement Services, please don’t hesitate to call us now at 443-803-8086.

Are you a landlord or a property manager? Are you in need of Tenant Placement Services? If the answer is yes, you have come to the right place. The Baltimore Tenant offers Tenant Placement Services to Landlords, Property Managers, and Investors. In this article we will give you two reasons Landlords and Property Managers should consider Tenant Placement Services.

“I Just Don’t Have The Time Anymore”

My motto is “If you don’t have the time you need the money, if you don’t have the money then you need the time.” And, unfortunately many of us just don’t have enough time to do everything. If there were 48 hours in a day instead of 24, I would be right on schedule. But we don’t have 48 hours in a day, and we aren’t naturally born with 10 hands and the ability to be in two places at one time. So when the “time” approaches, Landlords must ask for help. And then Landlords must seek help from a reputable Tenant Placement Service or a Licensed Real Estate Agent.

Tenant Placement Services and licensed real estate agents experienced in tenant placement are trained to perform at a high level. And remember, only real estate agents are educated and trained to find suitable tenants based on the Landlords needs, and fair housing laws.

“I Want More Time With My Family”

You work hard for your family, and because you spend so much time working for your family, you never seem to spend time with your family. When a Landlord like you, makes the decision to hire a tenant placement service, not only are you increasing your personal free time, you’re also increasing the time you can spend with your family. I mean, at the end of the day, most of us are working our butts off so that we, along with our family can enjoy the fruits of our labor, but most importantly time together. And there is no better feeling than knowing you can spend your evenings and weekends with your family because you have hired a reputable company to provide you with tenant placement services or full property management services.

Time and family, I would say are two of the most important things in life. When “time and family”, becomes “time with family” the investments you make in your business and more importantly your family, will return to you one hundred fold. If, you are in need of Tenant Placement Services I encourage you to call us today. If you want to increase the time you can spend with your family, contact The Baltimore Tenant for Tenant Placement Services at 443-803-8086.

Most Tenant Placement Companies are owned and serviced by unlicensed professionals. This means that many Tenant Placement Services and Property Management Companies are owned by people untrained in real estate, and therefore not held to the same ethics, rules and laws that govern real estate agents. Real estate agents are thoroughly trained and tested regarding all things real estate, as well as, tenant placement services. This article will give you 2 reasons why Realtors are the best to hire for tenant placement services.

Access to the Local MLS

Only real estate agents have access to the Local MLS. MLS stands for multiple listing service. It is primarily a marketing and communication platform, provided by and paid for by real estate agents in Maryland. When your home or apartment is marketed on the Local MLS, it gains an instant audience of over 25,000 real estate agents, and their clients. Hundreds of aggregate websites will also pull your home listing information directly from the Local MLS. Therefore, every major property rental website such as Realtor.com, Zillow, Trulia, and Hotpads, will have an active listing of your property for the world to see.

Access to Realtor.com

Only real estate agents who have access to the MLS can get your property on Realtor.com. It is one of the most popular websites that renters use when looking for a rental home. This website may be one of many. But, it is also the most coveted rental listing website that Landlords want to list on. It also acts as an aggregate website for rental homes and apartments listed on the MLS.

Realtor.com has the most comprehensive and accurate list of homes. Therefore, you never have to worry about scam listings or fake listings. Realtor.com is popular, reputable and well respected throughout the entire United States of America. And, another great thing about Realtor.com is that you can research Realtors to make sure the person you’re doing business with is well trained and licensed.

Hopefully, we were able to convince you that Realtors come with very clear marketing advantages for Landlords looking for Tenant Placement Services. Access to the Local MLS, and access to Realtor.com will maximize your overall listing visibility and your ability to find a suitable tenant quickly. We encourage you to call today at 443-803-8086. The Baltimore Tenant is owned by a licensed real estate agent in Baltimore, Maryland and specializes in Tenant Placement Services.