Barkan Management Company
Barkan’s substantial experience and a focus on total quality assure your complete satisfaction when you engage us as your full service rental property manager.
With an estimated 585,708 residents, Baltimore is Maryland’s most populous city. It is also the largest independent city in the country. Known for its rich history, Baltimore was the site of several important events during the American Revolution. Today, the city attracts many tourists because of its architectural displays, historic neighborhoods, and significant landmarks. In fact, almost a third of the buildings in Baltimore are recognized as historic in the National Register.
Additionally, Baltimore is famous for its thriving arts and culture scene. The city is home to three arts and entertainment districts — the Bromo Arts & Entertainment District, the Highlandtown Arts District, and the Station North Arts and Entertainment District. The city also hosts countless events throughout the year, including Artscape, Baltimore Book Festival, and major holiday events.
Speaking of culture, it is hard to talk about the culture of Baltimore without mentioning sports. The city has a strong baseball and football following. In fact, it is also known as the birthplace of baseball legend Babe Ruth. Educational institutions located in the city include Johns Hopkins University, the University of Baltimore, and the University of Maryland, Baltimore.
Property investors flock to Baltimore for affordable real estate. The median listing price for a home in this city is $181,800, which is 20% lower than the national median. Baltimore also has a large renter population, with 52.5% of residents here renting their homes.
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The rental market in Baltimore is definitely lucrative. Along with affordable homes and a wide pool of renters, the city also boasts a high rental rate. The average rent in this city is $1,432 — more expensive than the national average. This also represents a 9% year-over-year change.
Furthermore, most of the apartments in Baltimore have rental rates between the $1,001 to $1,500 range. Only about 20% are below $1,000 and a collective 33% command rent above $1,501.
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Due to its many attractive qualities, Baltimore has seen a rise in property investors. Buying property, though, is vastly different from renting it out. You only really need capital and a good real estate agent to close a sale. On the other hand, being a landlord comes with a number of responsibilities. You need to find a tenant, collect rent, and oversee maintenance — all while making sure you stay within the law.
For many landlords, it simply makes more sense to hire a Baltimore rental management company. With a management company, you can outsource a majority of your duties to an experienced professional. What can a property manager do for you?
Baltimore has an abundance of rental management companies. Finding the one that matches your exact needs and budget can be troublesome if you don’t know where to begin. Use Rental Choice’s comprehensive online directory today. We list reliable property management companies that you can filter by city or state.