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Tenant Thursday - Maryland Real Estate Investing Advice

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Real Estate Agent with Ellicott City Realtor, Catonsville Realtor

Maryland Real Estate Investing Advice - TenantsTenant Thursday - Maryland Real Estate Investing Advice. A Weekly Series on handling Tenant issues when investing in Real Estate in Maryland.

In my experience, many Tenants take the locks on their home for granted. For example, especially if they have had difficulties with a boyfriend/girlfriend/spouse, and especially if that significant other had keys to the property, the Tenant thinks it’s ok to just change the locks on their home without the Owner’s prior consent.

Fast forward a few days/weeks/months, and the Tenant has an unrelated issue with the plumbing or electricity or some other system inside the property. I arrange to send out a repair contractor, but the Tenant can’t be there to meet them. I provide the contractor with a key to enter the property and then get the call: the contractor can’t get in. This is my first notice that the Tenant has changed the locks.

Now I am charged a service call by the contractor, and the Tenant refuses to reimburse me, even though they’ve made the mistake of changing the locks without telling me.

If you are interested in investing in Real Estate, and being a Owner, make sure your lease includes a clause that addresses Tenant’s use of keys and locks, and what will happen in the event the Owner cannot gain access to the property.

If you'd like more information on investing in Real Estate in Maryland, feel free to contact me.

Photo credit: http://www.flickr.com/photos/umjanedoan/497345293/

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Clients always ask me: Are you on the web?
See for yourself.

 

Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor

 

 

Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.

tmcintyre@cbmove.com  410-480-3555
www.timsellshomes.com

  Ellicott City Realtor, Catonsville Realtor

Certified Distressed Property Expert

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