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Baltimore Maryland - The Perfect Storm For Real Estate Investment And Property Management.

Seeds Of Success For A Nexus Office Have Been Planted In Baltimore. Who Will Be The Franchisee To Reap The Rewards?

 

Starting a property management business can take advantage of the many positive factors Baltimore has to offer as far as unit count, density, rent rates and more.  Opening a Nexus Property Management office may just be the best way to achieve success as an entrepreneur in this area. We feel that buying a Nexus Franchise is a great business to start in Baltimore Maryland at this time!

Baltimore, Maryland is one of the cradles of United States’ history and civilization. A fun fact about the City is that it is the home to the writing of our National Anthem. At that time writer Francis Scott Key dubbed it “The Defence of Fort M’Henryin 1812. It was published in newspapers and quickly gained popularity. It has since been changed to “The Star-Spangled Banner”, and become the country’s official theme song in 1931.

Baltimore and its surrounding area are extremely developed and integral to the State’s operations. The largest employer in the area is Fort George Meade, and it employs over 50,000 workers! Closely behind that is the famed Johns Hopkins University. This school employs just under 45,000 workers. Also to mention, the University System of Maryland, MedStar Health, United States Social Security Administration, Aberdeen, and 2 area casinos round out the largest outfits in the metro area.

On top of this, Baltimore has recently shifted from Owner-occupied to renter-occupied dominated. What this means is that there is a larger percentage of renters in Baltimore Metro compared to those who owner-occupy. This is incredible when it comes to investing and managing property! According to the Baltimore Sun, “52.5 percent of Baltimoreans — 310,945 people — lived in rented property in 2016, up from 45.5 percent a decade earlier in 2006. Meanwhile, the home ownership population fell to 281,290. https://www.baltimoresun.com/business/bs-bz-renter-swing-20180130-story.html.

 

What’s important to note about this statistic is that it is a solid indicator as to how strong a specific market is doing. Take for example the fact that other cities that have high rentership vs ownership are Boston, Los Angeles, Miami, New York, and Newark. For Baltimore to be included amongst these heavy hitter metropolises it shows that the rental market is in demand and equally plentiful!

When asked about his visits to Baltimore, Nexus Property Management VP/GM Gregory J. Rice said “Every time I go to Baltimore I fall in love in so many ways; with the real estate landscape that is. It is a sea of multi-family properties in the Downtown, suburban single-family rentals in areas like Columbia, Elkridge, and Laurel, and also a bustling artsy/hipster community in places like Federal Hill. It’s the perfect combination for a Nexus Property Management Franchise location. Not too mention, it is home to professional sports teams like the Orioles and Ravens, and also host to some of the country’s largest outdoor music shows at the Merriweather Post Pavillion . Also, don’t forget Domino Sugar is there too. This place is jam packed with action.”

 

 

Another great feature of the Baltimore area market is the affordability and practicality. As a Nexus Property Management Franchisee, you are also able to assist investors locate and purchase cash flowing rental properties. This is an additional income stream as you are adding more units to your management portfolio, and you are also further strengthening the relationship you have with the client. Total win-win!

 

Nexus Franchise How We Do It

 

Here is an example of a current property that is for sale. It is a 3 family and certainly needs some TLC, BUT, it is habitable; that is the key! You want to help folks find properties that need cosmetic repair, not structural repair. This is a perfect example:

https://www.realtor.com/realestateandhomes-detail/3033-Windsor Ave_Baltimore_MD_21216_M63348-88412?view=qv   

According to the Comprehensive Housing Market Analysis for Baltimore-Columbia-Towson, Maryland report issued by HUD the average rental amount is about $1,200 per unit. Conservatively, if you rented 3 units out for $1000 a month that is a healthy rent roll that will cover all property expenses and leave your client room for profit! Feel free to use our real estate investment calculator to determine what potential ROI’s would be on prospective properties:

 

Nexus Franchise Technology Provided

 

The bottom line with Baltimore is that it has just under 1 million people within it’s district, and as you learned before, the city has a large influx of renters compared to homeowners for the first time in its history! It has a steady, consistent employment base, high rents compared to nationwide averages, affordable properties for purchase, commercial draw, and MOST IMPORTANTLY no brokers license requirement to open your Nexus Property Management office! This is the perfect storm, and someone will be landing on a bed of roses. Will that be you?

https://www.newswire.com/news/rhode-island-based-property-management-franchise-plans-office-opening-21034540?fbclid=IwAR2vuZmP8RDy12V_MVpiNp3kNpPJFY1UrnhlroHw0USCnuFJ6V8FXf1OHr0

 

Gregory Rice is the Vice President of franchise sales for Nexus Property Management™.  

Nexus Property Management™ is a National Property Management Franchise that manages all types of rental property from single family homes or condos to large apartment buildings and complexes.

 

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Property Management Franchise Opportunity

 

 

You Could Own A Nexus Property Management™ Office For Less Than You Think!

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Nexus Feedback

Before I chose Nexus to manage my properties, I had a few units that I took care of myself. I was weary about hiring a property management company for the first time, but after meeting with Nick & Greg, I was put at great ease. Since then, I have placed 20+ more units under their management. I credit them for allowing me to grow my real estate portfolio, knowing that my properties are in great hands. Nexus Property Management provides strong communication with tenant and landlord, organization and speediness in responding to maintenance requests. I am happy to have partnered with the best!

04 Nov 2016
Property managed a home I own. Attleboro, MA

We just recently hired on Nexus to manage 6 of our apartments. I am greatly satisfied with their service and management skills. The team is wonderful to communicate with, and they are prompt and efficient ...

04 Nov 2013

Nexus Property Management is one of the best management companies we have had the pleasure of doing evictions for. We are RI State Constable Service one of the biggest constable services in RI and we highly recommend you let them manage your property. They do an excellent job and we are happy to be associated with them going on close to 4 years now. Most management companies try to tell us how to do our job this is one of a very few companies that understand we all have a job to do and we know they are experts in theirs and they respect our instructions from the court and usually with them evictions flow easily as they set the ground work properly and protect the landlords quickly and move fast to get your property rented. They return calls, texts, and emails quickly and respond even when most companies would not. They also have e-payments set up with their vendors and their tenants which makes it easy to get paid for you and for us. We have met most of the staff of the company and they are all very respectful and professional and care about your needs as a landlord. If you would require further reference please contact us and we would be happy to answer any questions. We have over 100 landlords/management companies that we provide our service for and they are among the TOP Mike and Deb Clemente RI State Constable Service

23 Nov 2015