Magnumst
Ultimate Member
- Mar 26, 2013
- 1,253
That's not my problem. Not my place. I was just putting it out there if someone was looking.
I wrote a lengthy reply, essentially saying "You're crazy".
But then, I remembered that I do in fact have an Urban Geography degree, and was trained in GIS.
I took a look at comparable properties in the area, and there are none. That means supply is low. Low supply can drive higher prices depending if any meaningful demand exists. From AGC, Columbia MD is not that far, just down Marriottsville Road to 70. Heck I commute to Columbia and I am on the Sykesville/Marriotsville boarder. Owings Mills is not that far and Eldersburg isn't out of the commuting question either. It is not inconceivable that some demand could exist for this property. I think it still has to be the right person, as it is attached to another dwelling, and basically out in the middle of nowhere.
My guess is, given enough time or the right person, that price isn't out of the question, especially with utilities included.
That's not my problem. Not my place. I was just putting it out there if someone was looking.
But it can be a huge problem for the owner and I was hoping one of the legal eagles would chime in with proceedings............ (that's how it works here)
A squatter isn't a hard thing to get rid of. It is the renters that know how to play the game that might take 3+ months to get rid of. If somebody does not pay the rent the first month, you can file a Complaint in District Court to regain entry onto the premises. After you obtain that, you schedule an eviction with the Sheriff's department. Now, the tenant has the right to "redeem" the premises by paying the rent in certified funds or money order, up to the day of the eviction. The tenant can "redeem" the property twice within a 12 month period. Now, on the 3rd failure to pay rent, the landlord has the option to not accept redemption and to follow through with the eviction.
Squatters are only a problem when the landlord does not know what to do or have the funds for an attorney.
Of course, tenants that do not pay rent suck and reduce the ROI on the investment property, but that is another ball of wax entirely.
Thank you Fabulous Fabs, that's what I wanted to know. Seems like a LOT of horror stories.
But it can be a huge problem for the owner and I was hoping one of the legal eagles would chime in with proceedings............ (that's how it works here)
That's not a bad deal, especially if you like some solitude. If it was 200-300 more sf myself and others I know would have been int. No taxes, repairs or utilities would be nice. Guess I should ask if it has W/D in case I run into anyone int.