Frequently Asked Questions
Frequently Asked Questions
Parker Property Management, LLC has been in business since 2011. Throughout our experience, we’ve received plenty of questions regarding our property management services in Upper Marlboro, Maryland. Read our FAQs to learn more about the services we provide.
Q: Do I need a rental license to rent my property?
Q: Do I need a rental license to rent my property?
A: Yes. If you ever have to evict a tenant, when you go to court, the first thing the judge will ask you or your representative is, “ Do you have a rental license “? If you do not have one, the case against the tenant will be dismissed.
Q: Should I rent my rental property to family or friends?
Q: Should I rent my rental property to family or friends?
A: We usually advise against it but if you must, make sure there is a management company in place. You are now running a business. You must conduct things as such. Things will and do go wrong. You should have a buffer (management) to communicate effectively to your friend or family member to preserve the relationship as much as possible.
Q: Should I make moderate to upscale upgrades to my rental property or just basic inexpensive ones?
Q: Should I make moderate to upscale upgrades to my rental property or just basic inexpensive ones?
A: It depends. If you are going to keep the property for at least 5 years or more, it pays to invest in better upgrades now for greater benefits in the future. In addition to that, it reduces the chances of tenant complaints from constant repairs. Choose wood floors over carpet. Granite countertops or Quartz over laminate. Stainless steel appliances over white or almond. When it’s time to sell the property, you won’t have much to do.