Why Hire Concord?

Credentials

Concord...

We provide you with a few priceless advantages: free time and peace of mind.

If you are looking for a way to maximize your return on your Real Estate investment, we're here to help. Contact a member of our team today to see how Concord can help with your Real Estate needs. Call us at 410-668-8309. 

• Locally owned and operated.
• Collects rents from tenants.
• Provides personalized service and attention to all clients.
• Maintains good relationships with both landlords and tenants.
• Screens applicants and arranges tenant placement.
• Advertises your property on numerous websites, as well as creates picture video tours, and walk-through video tours to get your property as much exposure as possible.
• Schedules the showings of your property.
• Provides feedback to the Owner on property showings.
• Takes calls from applicants.
• Prepares the lease agreement and necessary paperwork for tenancy.
• Sends appropriate notifications to tenants for late or nonpayment of rent.
• Files the appropriate paperwork for nonpayment of rent with the District Courts.
• Takes calls from tenants.
• Performs and oversees evictions.
• Arranges for repairs to be made at your property.
• Handyman services available by licensed and experienced professionals- on staff.
• Sees that repairs are done properly to your property.
• Obtains your approval for major expenses to be completed.
• Provides detailed Maintenance logs for you to monitor expenditures.
• Provides Monthly statements to simplify your money management.
• Provides year-end statement for tax preparation ease.
• Provides clients with 24/7 online access to property account information.
• Provides accredited Lead Inspectors for all Lead Compliance laws.
• Provides Licensed Home Inspectors for Property Registration laws.
• Provides Licensed Maryland Home Improvement Contractors on staff.
• Customizes the services provided to fit the needs of our Clients.
• Understands the needs of both the Landlord and the Tenant.
• Works along with Tenants to make sure your property is maintained.
• Takes away the worry associated with the day-to-day headaches associated with your rental property investments. 
• Strives to earn your trust and confidence everyday.
• Allows Property Owners to cancel a management agreement with a written notice according to contract specifications. 

We Strive For Success, So We Can Get The Best!

Check out some of our 5 star reviews!

"We have been using Concord Property Management for the past 5 years to manage 3 residential properties and it has been the best decision we could have made. They are extremely responsive to the tenant and contact us if there is a perceived problem with a tenant. Tonya Lurz or one of her staff will check with us regarding how we want to handle repairs and are on top of all the necessary for property rental. We receive a detailed financial report at the end of the year that is perfect for the tax accountant. I could not do this without their expert knowledge and organisational skills. " - Sarita

"First off I did not really want to be a landlord but I ended up with a property and decided after hearing many horror stories of people being their own landlord that I wanted a property manager. A friend at work recomended Concord and several years later I couldn't be happier. They take the headaches out of managing a property. They are great at screening tenants (I have had the same one for several years now with no issues). They are responsive, professional, organized and give great advice. I will continue to recommend them for anyone in the area as they make owning a rental property stress free." - Stephen

"Tonya and her team were referred to us by my husband's co-worker. I was looking to rent my townhome and with being a first time landlord, I wanted to hire a management company to take care of everything; Tonya was the just the person. She was very informative, laid out the entire process step by step and always responded when I needed her. Not only did she make me feel like my home was in good hands, she found a tenant within 2 months of listing that ended up being a perfect fit, even during the craziness of the pandemic. If anyone has a anxiety about becoming a first time landlord, I HIGHLY recommend giving Tonya a call."

-Jessica

Client Resources

• New Client Checklist

• W9 Form

• Setting up your waterbills / changing mailing address ​     

              https://publicworks.baltimorecity.gov/Water-Billing-Questions

• Maryland SDAT: Real Property Search

              https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

• MDE Lead Paint Information

          https://mde.maryland.gov/programs/LAND/LeadPoisoningPrevention/Pages/rentalowners.aspx

   https://mde.maryland.gov/programs/LAND/LeadPoisoningPrevention/Pages/LeadRegistration.aspx

          https://securemde.mde.state.md.us/_layouts/OLRR/PublicOLRRSearch.aspx

Concord is affiliated with different banking institutions, online payment options, as well as having multiple office drop-off locations to assist our clients!

DIY Landlords: Is it time to hire a Property Manager?

Click the image to find out!

Why is it beneficial to hire a property manager?

A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold.  Here are a few ways that a good property manager earns their keep:

Higher Quality Tenants: Think of tenant screening as the moat and draw bridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that:

•       Pay on time
•       Rent longer
•       Put less wear and tear on the unit
•       Generally cause less problems

An experienced property management company has seen thousands of applications and knows how to quickly dig for the real facts about candidates and analyze that information for warning signs. By allowing a management company to handle the screening, you will also be shielding yourself from rental scams directed at owners, and discrimination lawsuits resulting from an inconsistent screening process. This kind of experience takes time, and insomuch as it means avoiding bad tenants, scams and lawsuits it is arguably one of the most significant benefits a property management company will provide.

Fewer costly and time consuming legal problems: Veteran landlords know it only takes one troublesome tenant to cause significant legal and financial headaches. A good property manager is armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential law suit. Each state and municipality have their own laws, these plus federal law cover a number of areas including but not limited to:

•       Tenant screening
•       Safety and property conditions of the property
•       Evictions
•       Inspections
•       Lease addendums
•       Terminating leases
•       Handling security deposits
•       Rent collection

Avoiding a single law suit can more than pay for the property management fees, and spare you time and anguish.

Shorter vacancy cycles: A property manager will help you perform three critical tasks that affect how long it takes to fill your vacancies:

•       Improve and prepare the property for rent - A property manager will suggest and oversee cosmetic improvements that maximize revenue.
•       Determine the best rent rate - Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Determining the optimal price requires knowledge of the local market and data on recently sold comparables.
•         Effectively market your property - An experienced property management company has written hundreds of ads and understands what to say and where advertise in order to get a larger pool of candidates in a shorter period of time. Filling vacancies should be done quickly, but with caution. Additionally because of their volume they can usually negotiate cheaper advertising rates both online and offline. Lastly, they are familiar with sales and know how to close when they field calls from prospects and take them on showings.

Better tenant retention

• While it’s easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. The turnover process involves a thorough cleaning, changing the locks, painting the walls and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing , screening and settling in a new tenant. This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for.
• A good property management company will have a time-tested tenant retention policy that ensures happy tenants with lengthy stays in your properties. These kinds of programs require a consistent, systematic approach, which is where a good property management company will shine.

Tighter rent collection process

• The way you handle rent collection and late payments can be the difference between success and failure as a landlord. Collecting rent on time every month is the only way to maintain consistent cash-flow, and your tenants need to understand this is not negotiable. By hiring a property manager, you put a buffer between yourself and the tenant, and allow them to be the bad guy who has to listen to excuses, chase down rent, and when necessary, evict the person living in your property.
• If you let them, your tenants will walk all over you. They have to be trained to follow every part of the lease or deal with the consequences. Property managers have an advantage because tenants realize that they, unlike the owner, are only doing their job and are obligated to enforce the lease terms. Many property managers will tell you that it is considerably easier to manage other people's units rather than their own for this reason.
• Regarding evictions, there are strict laws concerning the eviction process, and doing it wrong, or trying to evict a “professional tenant" can be a MAJOR fiasco. A good property management firm knows the law and has a good process for obtaining the best possible outcome given the circumstances. Never having to handle another eviction can be a compelling reason to consider hiring a property management company.

Assistance with taxes

• A property management company can help you understand which deductions you can claim, as well as organize the necessary forms and documentation to make those claims. Additionally, the property management fees themselves are also tax deductible.

Lower maintenance and repair costs

• Good maintenance and repairs keep tenants happy and preserve the value of your investment which make them a very important part of land-lording. By hiring a management firm you gain access to both their in-house maintenance staff, as well as their network of contractors who have already been vetted for good pricing and quality work. This can translate into significant savings compared to going through the yellow pages and hiring a handyman yourself. Not only is the firm able to get volume discounts on the work, they also know the contractors and understand maintenance issues such that they are capable of intelligently supervising the work.

Increase the value of the investment

• Preventative maintenance is achieved through putting systems in place that catch and deal with maintenance and repair issues early on, before they grow into larger more costly problems. This requires a regular maintenance visits. The management firm can also offer you suggestions and feedback on upgrades and modifications, both how they will affect the rent you can charge, as well as their impact on maintenance and insurance.

Personal benefits for owners

•       Less stress - Avoid having to deal with middle of the night emergencies, chasing down rent, evicting people from your property, tenants who wreck your property, rental scams, lousy vendors, piles of paperwork.
•       More freedom - Live and invest wherever you want with the constraint of needing to be near your properties. Additionally you can live and travel without the requirement of always being available in the event that your tenants have a need you have to tend to. Once you have found a good management company, it does not matter if you live in the same state. Some landlords live in other countries and simply collect their check every month without ever seeing the property.
•       Free up more of your time - Time is money, and for many investors, their time can be more profitably spent in areas other than servicing their properties. When you focus on asset management you’re working ON your business, when you manage your own properties you work IN it. Additionally you have more time to spend with family or friends doing things you enjoy.