Torn Mind
Lifer
- Nov 25, 2012
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It's a mosaic. You can be in Bolton Hill, which has high property values, and just a few miles away, the prices drop rapidly. The areas close to Hopkins attract a well-behaved crowd for obvious reasons. Some places are lawyer-central.Baltimore isn't that bad. You need to know exactly where you are though, and you need to keep your eyes open. Neighborhoods change fast. It doesn't take much of a walk to go from perfectly fine to "You really need to gtfo now".
A real estate acquaintance of my mom actually bought a rowhouse for $17,500 in the Rosemont neighborhood(a pretty bad one as reflected in the property value) because it was super cheap and tried renting it. That person still own it and the acquaintance does not tell about how business is going, but she experienced some of that "tenant savvy" you get in Baltimore. One bad incident was apparently some tenant that said they moved out but then made representation to police that they were illegally locked out. The cops were more than happy to kick down the door.
The other involved my mother and I being directly involed for a brief moment, because the acquaintance was out of the country and needed someone to be present for the sheriff for an eviction. Acquaintance filed for eviction but filled out the form wrong by not putting a room number/letter in the proper address field of the failure to pay rent form(she put it below). So, the sheriff called off the eviction and we had to drive to the courthouse to help refile the paperwork for acquaintance. Acquaintance did repay the fees but what a waste of time.
As an aside, this acquaintance did make an appeal to the Court of Special Appeals regarding what happened during a eminent domain/condemnation matter for a different property she owned in Baltimore, with her prevailing over the city. This of course means that it is forever preserved until the paperwork is returned to nature and you can see the decision on the likes of Casetext.
Unlike the acquaintance, neither my mom nor I have any interest in doing that kind of investment property business....got spooked out of that city.