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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

It was fast and easy and Gregory Rice helped me through the way and signed the next day! Thank you, now my family and I get to move next month! Hassle free and fast service what more can you ask for, best combination.

05 May 2016

After months of defeat searching on Craigslist, I decided to go to Nexus. I was greeted openly and welcomingly by Mikalai. Finally, I had found someone who seemed eager to help! When I arrived I was very discouraged having had zero luck in the previous 5 months. His confidence and reassurance that he would find a perfect fit for my son and I gave me my hope back. From the beginning, he never made me feel like I was a hassle or an inconvenience. He immediately started going through listings with me on the computer and had me viewing apartments. I had spoken with many realtors and their responses, or lack thereof, were very delayed and not very helpful. Mikalai made me feel like a priority with his prompt responses and motivation to get me into the right apartment quickly. After just DAYS of looking Mikalai was able to get me into the perfect place for us. He has just been fantastic to work with and has been such a huge help!! Thank you Mikalai and Nexus!

31 Jul 2018

Nexus has been such a breeze to rent from ! Easy to communicate any resolvable issues or to contact maintenance with any help . I highly recommend nexus for anyone looking to rent commercial or residential.

11 Apr 2019