So what are your options?  Here they are:

1.  Traditional Sale at a loss – you bring money to the table.

2.  Short sale – you need to qualify for a hardship.

3.  Rent out your home until the market comes back.

4.  Stay and don’t make a move.

We can  help you decide what is best for you.  Give us a call.

It all starts with trust.  You need to feel good about who is making these decisions.  We pride ourselves on having very high standards compared to other companies.  We have been in business for over 15 years, are locally owned, and only hire the best.

Meet Juli Stein, our Chesapeake Property Managment property manager.  Juli is the best and you can trust her with all of your repair and maintenance decisions.  Contact Juli at Jstein@chesapeakePropertymanagement.com.

Here is a video that explains a bit more:

For your specific circumstances, call me at 410-902-1100 x 107.  I want to make sure that I understand all of the details regarding your situation before I give advice.

Thanks and have a great day!

Most of our clients here in Baltimore are NOT behind on their mortgage payments.  But they ARE underwater on their mortgage.  With recent depreciation of home values, many of our clients owe more than market value and this home is holding them back from moving on with their life.  They can’t sell, they can’t buy a new home, they are concerned about relocating and they  just feel stuck.

Maybe a short sale is the answer?  What is a short sale?

We are CDPE certified, Certified Distressed Property Experts, and can walk you through the short sale process.   It is not right for everyone but it may be right for you.   Since each situation is unique, please contact me to review your circumstances.  We are  here to help.

Have a great day!

Here are some statistics for the Baltimore Metro Region.  This video is from February 2013; I am waiting on March and will post asap.

Usually the first or second question that potential customers ask me is “How much does property management cost?”  There are really 2 separate services involved in property management.

Marketing the Home

The first, marketing and renting out the home, runs through our real estate company, Yaffe Real Estate.  Most companies charge one month’s rent to market a home.  This fee pays both the Landlord’s agent and the Tenant’s agent for bringing together a qualified landlord and a qualified tenant.

Day to day Management

At this point, most Landlords go over to our property management company, Chesapeake Property Management, Inc. “CPM”.  CPM handles the day to day management of the properties.  The landlord and the tenant will NEVER communicate with each other; we handle all day to day issues – repairs, rent issues, HOA/condo violations, neighbor complaints, pool passes, maintenance, etc.  We are staffed 5 days per week to handle the Landlord/Tenant relationship so that you don’t have to!  We are also staffed on nights and weekends for emergencies.  Most fees are 10% of the monthly rent.

At CPM, there are NO OTHER HIDDEN fees!  Other companies mark up invoices and charge for various services.  That is not the way we want to do business.  For more information, contect me directly at LYAFFE@yaffeteam.com.

We have our CIAS designation and we are ready to help you.  We have been landlords ourselves for 15 years and know what to look for in an investment property.  Contact me at lyaffe@yaffeteam.com.