Im really surprised how difficult it is to find a rental home in the northern Calvert county area.We have come across more pushy homeowners wanting outrageous rental prices because they are desperately behind in their mortgage payments than I ever imagined. I think I could write a humorous novel using some of the correspondence I've had with these guys/gals. Flawless credit, secure jobs, and cash on hand, yet it's proving to be a freaking miracle trying to find a decent landlord, good neighborhood, and suitable home. I feel like I'm stuck in bizarro world. LoL

Im really surprised how difficult it is to find a rental home in the northern Calvert county area.We have come across more pushy homeowners wanting outrageous rental prices because they are desperately behind in their mortgage payments. I think I could write a humorous book using some of the correspondence I've had with home owners. Flawless credit, secure jobs, and cash on hand yet it's proving to be a freaking miracle trying to find a decent landlord, good neighborhood, and suitable home. I feel like I'm stuck in bizarro world. LoL


In some ways you are.

Im really surprised how difficult it is to find a rental home in the northern Calvert county area.We have come across more pushy homeowners wanting outrageous rental prices because they are desperately behind in their mortgage payments. I think I could write a humorous book using some of the correspondence I've had with home owners. Flawless credit, secure jobs, and cash on hand yet it's proving to be a freaking miracle trying to find a decent landlord, good neighborhood, and suitable home. I feel like I'm stuck in bizarro world. LoL

How much are people asking per month and what location?

How much are people asking per month and what location?

Hank, everywhere from Dunkirk to North Beach. One owner in the Chesapeake Beach area wanted over $5k cash up front to move in to one of his 3 bedroom 2 bath homes in an average area, I almost crapped myself when he gave us that number. The house was hardly spectacular and parts of it were unfinished. Call me crazy but I'm a bit hesitant on handing over $5k for any house I'm less than impressed with. Rent was like $1800. I'm told Maryland has some kind of law that says a landlord can only ask 2x the rent for a security deposit so I don't know how he got the extra $1400 tacked on, regardless it's not my first rodeo so I wasn't about bite...

parts of it were unfinished

stay away

Hank, everywhere from Dunkirk to North Beach. One owner in the Chesapeake Beach area wanted over $5k cash up front to move in to one of his 3 bedroom 2 bath homes in an average area, I almost crapped myself when he gave us that number. The house was hardly spectacular and parts of it were unfinished. Call me crazy but I'm a bit hesitant on handing over $5k for any house I'm less than impressed with. Rent was like $1800. I'm told Maryland has some kind of law that says a landlord can only ask 2x the rent for a security deposit so I don't know how he got the extra $1400 tacked on, regardless it's not my first rodeo so I wasn't about bite...

No way would I hand over that kind of a deposit.

I don't understand how people can have rentals that they can't afford to cover the mortgage on? If your so far behind on the mortgage, let it go? short sale it? move back in? I'm not trying to be a smart azz. I just wouldn't put myself in that predicament. I wouldn't of bought my second house and put the old one up for rent unless I could pay both mortgages. When I was in the military I would of never thought of buying a house if I knew there was a chance of moving.

Asking $5k up front and being being a pushy owner/landlord would make me run as a perspective tenant. If they're that far behind on the note, what happens if it gets forclosed on while a tenant is living there?

I don't understand how people can have rentals that they can't afford to cover the mortgage on? If your so far behind on the mortgage, let it go? short sale it? move back in? I'm not trying to be a smart azz. I just wouldn't put myself in that predicament. I wouldn't of bought my second house and put the old one up for rent unless I could pay both mortgages. When I was in the military I would of never thought of buying a house if I knew there was a chance of moving.

Asking $5k up front and being being a pushy owner/landlord would make me run as a perspective tenant. If they're that far behind on the note, what happens if it gets forclosed on while a tenant is living there?

Yep.

I don't understand how people can have rentals that they can't afford to cover the mortgage on? If your so far behind on the mortgage, let it go? short sale it? move back in? I'm not trying to be a smart azz. I just wouldn't put myself in that predicament. I wouldn't of bought my second house and put the old one up for rent unless I could pay both mortgages. When I was in the military I would of never thought of buying a house if I knew there was a chance of moving.

Asking $5k up front and being being a pushy owner/landlord would make me run as a perspective tenant. If they're that far behind on the note, what happens if it gets forclosed on while a tenant is living there?

You'd be surprised at the number of people who got into the investment property game a few years ago when prices were going up 20 or 30 percent/year. But the thing many/most of them ignored was that rents weren't going up at that rate. Then BANG, the market crashed and they're upside down on properties that they can't pay off using market rents, which in some cases are 1/2 what their mortgage payment is.

I mentioned that they were exposing themselves to some of them when the whole run up was going on and was laughed at because, as I was told, "you just don't know the real estate business". I guess I'm the one laughing now.

I don't understand how people can have rentals that they can't afford to cover the mortgage on? If your so far behind on the mortgage, let it go? short sale it? move back in? I'm not trying to be a smart azz. I just wouldn't put myself in that predicament. I wouldn't of bought my second house and put the old one up for rent unless I could pay both mortgages. When I was in the military I would of never thought of buying a house if I knew there was a chance of moving.

Asking $5k up front and being being a pushy owner/landlord would make me run as a perspective tenant. If they're that far behind on the note, what happens if it gets forclosed on while a tenant is living there?

The tenant is SOL.

That happened to a few families in another town that I lived in. Even worse, the "owner" was not using the rent to pay the mortgage.

I know this will sound stupid but,
with interest rates around the 4% mark right now, and cash in hand, why dont you try and buy a house.
Lower payments, no BS from a landlord, and you build equity.

Not of the housing market drops. In a way I wish I had not bought my house 3 years ago.

I know this will sound stupid but,
with interest rates around the 4% mark right now, and cash in hand, why dont you try and buy a house.
Lower payments, no BS from a landlord, and you build equity.
The winner!

Not of the housing market drops. In a way I wish I had not bought my house 3 years ago.

We're underwater on our house. Not by a lot, but we bought very conservatively, way less house than we could afford, so the market doesn't have to move up very far for us to break even, but still, it's "ours." Air quotes meaning it's really the bank's, but most people don't think that way. We're paying less in mortgage than most people are in rent and we're not listening to the neighbors upstairs tromp around or playing loud music.

I know this will sound stupid but,
with interest rates around the 4% mark right now, and cash in hand, why dont you try and buy a house.
Lower payments, no BS from a landlord, and you build equity.

I thought about that but to be honest Southern Maryland isn't my cup of tea. The people are nice and the area is beautiful but I'm more of a hustle and bustle city guy who moved here for a job. If I were to buy a home I'd then have to do the same thing some of these silly landlords do when I move (rent to pay the mortgage) and I don't want to be caught in that nightmare. But great tip!! Thanks!

I thought about that but to be honest Southern Maryland isn't my cup of tea. The people are nice and the area is beautiful but I'm more of a hustle and bustle city guy who moved here for a job. If I were to buy a home I'd then have to do the same thing some of these silly landlords do when I move (rent to pay the mortgage) and I don't want to be caught in that nightmare. But great tip!! Thanks!

Okay, fair enough. Try Century 21 or one of the others. They handle rentals and leases.

I thought about that but to be honest Southern Maryland isn't my cup of tea. The people are nice and the area is beautiful but I'm more of a hustle and bustle city guy who moved here for a job. If I were to buy a home I'd then have to do the same thing some of these silly landlords do when I move (rent to pay the mortgage) and I don't want to be caught in that nightmare. But great tip!! Thanks!

As someone who rented out my aunts house after she died until I could sell it (due to all the bs with will) I have to say it's not worth it. People don't respect your property and its too hard to kick them out even if they dont pay the rent.

The tenant is SOL.

That happened to a few families in another town that I lived in. Even worse, the "owner" was not using the rent to pay the mortgage.

i know of a couple, and who rents two properties to section 8. word is they aren't making mortgage payments, and are pocketing the HUD money. friggin morons.

We rented our house for five months before finding out that the owners were not paying the mortgage with our rent money.

It happens, especially when homeowners are desperate and don't care a lick about keeping their home.

That's another thing, SECTION 8. I was also surprised how many people are willing to accept SECTION 8 vouchers. I know it sounds terrible but in no way shape or form do I even want to live close to a section 8 area let alone rent a house from someone desperate enough to accept it. *cringes*

That's another thing, SECTION 8. I was also surprised how many people are willing to accept SECTION 8 vouchers. I know it sounds terrible but in no way shape or form do I even want to live close to a section 8 area let alone rent a house from someone desperate enough to accept it. *cringes*

Guaranteed rent.

A lot of landlords are now just renting to military. BAH and the ability to notify a delinquent renter through his superior.

That's another thing, SECTION 8. I was also surprised how many people are willing to accept SECTION 8 vouchers. I know it sounds terrible but in no way shape or form do I even want to live close to a section 8 area let alone rent a house from someone desperate enough to accept it. *cringes*

I was asked if I would rent to section 8, I said hell no, I wouldn't do it to my old nieghbors and I didn't want my house trashed.

My first tenant was a Cavert County school teacher and the house got trashed, it was distustingly dirty inside. Now I rent to military only. Current tenants from Andrews take care of the place, the old nieghbors love them too.

I was asked if I would rent to section 8, I said hell no, I wouldn't do it to my old nieghbors and I didn't want my house trashed.

My first tenant was a Cavert County school teacher and the house got trashed, it was distustingly dirty inside. Now I rent to military only. Current tenants from Andrews take care of the place, the old nieghbors love them too.

Is that only so you can go to their command if you have a problem? Sad to hear renters getting a bad rap. I'd like to think working in federal law enforcement I'd get the benefit of the doubt lol. Then again I do have 10 years of landlord references to vouche for me under my security clearance so hopefully not all renters are as stringent as you are. *fingers crossed*