Why Not Rent Your Property?

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Why Not Rent Your Property?

By Patricia Cleary

So, you are ready to move out of your condo or townhouse and into a single-family home. Or maybe you are thinking about downsizing or purchasing a second home on the Eastern shore. If you are considering renting out your current property, or purchasing a vacation rental on the Eastern shore, our team wants you to consider the following:
While renting your property can be a great investment opportunity for many people, consider having the right team on your side so you don’t waste money hiring a management company that may not be needed. When you decide to rent your home instead of selling it outright, schedule a consultation with one of our experienced attorneys and we can provide the protections you need to make your property rental a success. This also applies to purchasing a vacation property which you intend to use for weekly rentals. Our attorneys at Byrd & Byrd are experienced in the distinctions of renting vacation properties in Ocean City and surrounding communities in Maryland.
We ensure that all of our clients are fully informed about the specific landlord-tenant laws and local regulations. For example, were you aware that in 2018, Maryland enacted a new smoke alarm law? Do you know if your local neighborhood will require that you have a rental license before searching for a tenant?
Byrd & Byrd also stands at your side when tenants are living in your property. We ensure that you have all of the protections you need in place, whether it is providing you with a lease agreement, providing counsel to you if you experience difficulties with your tenant, or assisting you end the tenancy when there is a breach of the lease. We are always available to answer your questions or concerns.
Our attorneys have many years of experience in all aspects of real estate and landlord-tenant law. We have former builders, general contractors and real estate brokers on our team to meet your needs and to assist you… because ensuring that you have a positive relationship with your new tenants will determine the success of this venture.

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