Landlord/Tenant Tips

Chesapeake Property Management is the Property Management side of Yaffe Real Estate.  We provide the highest level of property management to our clients and the highest level of customer service to our tenants. 

At Chesapeake Property Management we manage our client’s homes as if they are our homes, thus ensuring the utmost professional care.  In addition, we understand that the home is the most important place for everyone, and our goal is to make the home the most enjoyable and worry free place for our tenants.

Chesapeake Property Management provides quality property management services throughout the Baltimore Metro area.

Are you looking to rent out your home?  Contact Us  today to discuss your options!

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Watch Juli & Kristin help a new Chesapeake Property Management tenant – we love our job!

Thinking about hiring a property management company for your Baltimore Metro home?

Check out Chesapeake Property Management, Inc. – our sister company.  Juli Stein is our full time property manager and Kristin Karukas is our office manager.  Both Baltimore natives, Juli and Kristin can answer any tenant question and can help the tenants get situated quickly so that everyone is happy.  Listen in… and contact us today with your property management questions.

Wayne and Linda Yaffe attend the NARPM convention in Dallas, Texas

Wayne and Linda attended the NARPM convention in Dallas, Texas last week.

WOW!  It was great!  NARPM stands for National Association of Residential Property Managers.  So much information, so much to learn and so many great people to learn from.

Are you thinking about hiring a property manager for your Baltimore Metro home?

Is your property manager a member of NARPM?  If not, DON’T HIRE THEM!  I will be blogging in coming days/weeks about NARPM and what it all means to you.  If you want to read more now, go to the NARPM website and read on.

We at  Chesapeake Property Management, Inc. want to offer you the absolute best service possible.  We want to protect your investment and ease your worry so that you can move on with your life.  We are honest, trustworthy, experienced and caring.  We know what we are doing; your home is in good hands with us.  Read more about us HERE.

Are you an accidental Landlord? Let us help you manage your Baltimore area home

Time to call Chesapeake Property Management!

Here is a great article on the stresses associated with being an accidental Landlord.

Can we help relieve your stress?

Contact us today at 410-902-1100 or go to www.ChesapeakePropMgmt.com for more information.

Why hire Chesapeake Property Management to manage your Baltimore Metro rental property? Another happy tenant…

Listen below to another happy tenant and contact us if we can be of service to you.

The Baltimore rental market is HOT and we are always looking for additional rental properties to manage.   Enjoy your week!

It finally stopped raining in Baltimore! Have you checked your basement today?

The rain has stopped!  Hooray!

Have you checked your basement and downspouts today?

If not, go downstairs, take a walk outside, and just make sure everything is ok.

We have been inundated with calls about roof leaks and basement water.  As a property manager for over 85 individually owned homes, it is our job to stay on top of repairs and issues.  If you are not using Chesapeake Property Management, have you heard from your property manager today?  Better make sure they are on the job or contact us for more information.

Call us at 443 – 588 – 5600 or just send me an email.  Have a great day!

Credit scores are really confusing!

Credit scores are really confusing!   We should know.  We review hundreds of applicants’ credit scores a year and we know that sometimes these scores don’t make sense.  People will call us and tell us their score is one number and, when we pull it, the numbers are totally different.   Or debts come up that are so old, it is crazy.  Now, finally, an article that explains some of the mystery behind the scores.

http://money.cnn.com/2011/07/19/news/economy/credit_score/index.htm

Are you thinking of renting a home?  Call us and let’s discuss your credit before you spend any more money submitting applications.  Contact us today.

Why hire Chesapeake Property Management for your Baltimore property management needs?

Watch and listen as a happy Landlord discusses why she chose Chesapeake Property Management for her Baltimore property management needs.  She thought about doing it herself but then, moving across the country, she wanted to know that her home was in good hands.  Here it is:

Are you thinking about renting out your home?  Not sure who to talk to or who you can trust?  Contact us.  We will give you the pros and cons.  No fluff, just straight talk.  So that you can make the best decision for your family.  Contact Linda today.

Juli answers the question – “How do I reset my dishwasher?”

Juli answers the question, “How do I reset my dishwasher?”  You know, it is funny, since our property management business has expanded, we have learned all kinds of new things.  Some helpful, some interesting, and some…well, put it this way, we know some of our people way too well:).

However, this is one tip that we thought you might want to know.  One of those random things that pops up every now and then.

Tenant Applicants in Baltimore – please check your credit BEFORE you call us!

Hello Prospective Tenants,

Please, please, please…check your credit somehow BEFORE you call us.  Most of our Landlords require credit scores of approximately 625 or above for every adult over the age of 18 that will be living in the home.   Some exceptions do apply.  However, we hate spending your credit application money only to tell you that you don’t qualify.  We think the application fees are expensive and we don’t want you to waste your money.

So, what should you do?  Get pre-qualified for a rental just as you would a purchase.  Go to www.freecreditreport.com or some other website and at least have an idea of your credit scores.  If you are less than 625 and you have a valid reason, write a letter or note to me.  Explain the situation.  Provide me with some documentation.

There are two types of people with low scores – one type are people who just don’t pay their bills no matter how much money they make.  The other group are people who pay but just had a blip, a reason for falling behind (loss of job, medical situation, etc.).  We can often work with the second group.  We just need as much information as possible to forward to the Landlord.

So, do a bit of preparation before you call us.  It will help make everything easier for you.  Go to www.Chesapeakepropertymanagement.com for more landlord/tenant information or contact us directly.

New Tax Laws that Affect Baltimore Landlords

Do you own rental properties?

Be Aware that some laws have changed.  Starting in 2011, all landlords must comply with the 1099 reporting rules for your independent contractors you hire for rental-related work.

This would be your gardener, your HVAC contractor, your handyman, etc.  Wow…this could become a lot of work for you busy landlords out there!

There are some exceptions and you should definitely contact your tax professional. You don’t have to file the 1099s until 2012 but you do need to start keeping track of payments now.

Or…you could just hire Chesapeake Property Management, Inc. for you and we will handle this task for you while you go back to the golf course and have fun!

Contact Us today to discuss our property management services and find out how we can make your life easier!

Disclaimer: We are not tax professionals.  Please contact your tax professional for additional information.