Record-breaking trends encourage real estate investors to move away from DIY property management, and to opt for managed-service providers
BALTIMORE, MD, January 19, 2022 /24-7PressRelease/ — MH Properties, a leading provider of property management in Baltimore MD, reiterated its strong commitment to continued high-quality rental property management to its extensive client base, including Bay area property owners. The assurance comes as Maryland continues to see a residential property boom, unlike any in recent history.
In a video call, hosted for existing clients and prospective real estate investors, company Founder and CEO, Allan Meseroll, drew attention to recent record-breaking trends across Maryland, including in the Bay region:
“Bay property owners, and prospective investors in rental property in that area, are looking at median property values at historical 10-year highs. Yet, counter-intuitively, days-on-the-market are at an all-time low.”
As the most populous city in Maryland, Baltimore is home to a relatively younger demographic, with individuals in the 20-to-59 age group accounting for 52% of the population. As a firm specializing in end-to-end Bay property management in Baltimore, MH Properties understands what’s driving the building boom, and the company is well-positioned to assist its clients.
In a high-demand environment like this, Mr. Meseroll highlighted the need for investors to be extra diligent in the services they offer to tenants and renters:
“The trend is largely driven by millennials looking for rental homes. These are prospective renters who are very discerning about how they want service delivered, including how they interact with their landlords. With so much demand for rental units in the Bay area, Baltimore investors are looking for professional property managers who understand how to interact with this generation of renters.”
In a related presentation to the audience, the company’s Finance Director, Ms. Emilie Meseroll highlighted the need for better marketing of rental properties:
“With 59% of Baltimore’s population potentially open for renting – as opposed to owning – their homes, experienced companies providing property management in Baltimore MD can help rental property investors quickly tap into that market.”
Ms. Meseroll cautioned, however, that only a full-service property manager can unlock that potential for rental property owners. In concluding the session, Mr. Doe encouraged participants to connect with his team if they wish to work with a Bay property manager with a proven track record of adding value to rental property.
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