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BALTIMORE, MD, December 15, 2021 /24-7PressRelease/ -- MH Properties, a premier provider of rental property management in Baltimore, presented its findings on the real estate market in Baltimore and surrounding areas. The event, part of an ongoing series of investor updates, highlights investment opportunities for new investors in the real estate space, as well as to existing property owners looking to expand their portfolios in the Baltimore region.
Speaking to an invite-only audience via Zoom, The president of the company: Allan Meseroll, summarized the state of the market in the following words:
"Most Baltimore area housing indices indicate a slightly moderate buyer interest in October – which is good news for anyone looking to add to an existing portfolio of rental properties, or start a position here in Baltimore. Lower buyer interest typically translates to lower prices…and savvy rental property investors must take advantage of this opportunity."
Allan Meseroll, however, cautioned that real estate investors, especially those new to the business and the Baltimore region, shouldn't start bidding on properties without consulting local partners who are intimately familiar with the market. Teaming-up with an established Baltimore rental property management firm is the best way to ensure investors receive value for money. That's because buying just any property, without knowing how to manage it, might not realize the full income-generation potential of the investment.
In his slide presentation on this period's Baltimore area housing data, Financial Director: Emelie Meseroll noted that, year-over-year comparison shows that Baltimore City had lowest decline in sales activity (-5%), but Harford County saw activity decline by 17.2%. He also cautioned that buyer interest didn't dampen across all property segments of the market:
"While buyers were less enthusiastic, generally, about townhouses and condos, the demand for more expensive properties, both condos and single-family homes, still trended higher. This underlines the fact that investors must be even more discerning when bidding on properties, because there's so much at stake."
In her closing remarks, Allan Meseroll reiterated the critical role that rental property management in Baltimore plays in adding value to real estate portfolios. Not only will better managed properties command higher rents, but they'll benefit from higher value appreciation over time.
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