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Ned Carey's Comments on Real Estate Investing, Business and Finance

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Entries Tagged as 'Law and Regulations'

Anti Landlord Bill Proposed

August 21st, 2017 · No Comments

Tweet What are They Thinking? The Baltimore City Council has proposed a bill that will be very costly to Landlords. (Baltimore City Council BILL 17-0113) Basically the bill calls for the following. Essentially delay all evictions 10 days, (Currently already takes about 2 months) Require YOU the landlord to pay for mediation before you can […]

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Tags: Law and Regulations

Rent Control Is Coming To Maryland

February 18th, 2013 · 8 Comments

Tweet Update The rent control bills Below did not pass. Rent Control in Maryland/Rent Control In Baltimore I occasionally get asked f there is rent control in Maryland or in Baltimore.   Currently neither Maryland nor Baltimore have rent control.   Often I talk to people who believe there is rent control in Maryland.  In some ways […]

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Tags: Landlording · Law and Regulations · real estate

Landlord Tenant Handbook

July 30th, 2011 · No Comments

Tweet Tenant Landlord Handbook Baltimore Neighborhoods inc has released their 2011 version of their Guide to Local, State and Federal Laws, Governing Tenant-Landlord Relations.  This is an indispensable guide if you are a landlord in Maryland. Their guides summarize and explain in simple terms, Maryland and local tenant landlord regulations.  A PDF flyer and order […]

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Tags: Books · Landlording · Law and Regulations · real estate

What was that Sound?

August 5th, 2010 · 2 Comments

Tweet Baltimore Real Estate investors You Just Dodged a Bullet. That’s right, the whistling sound you just hear rushing by was the bullet you just dodged.  This bullet was in the form of a new regulation for fire sprinklers.  In it’s original proposal the city council wanted any house needing renovation affecting more than 30% […]

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Tags: Law and Regulations · real estate

Tougher Lead Laws Coming?

March 16th, 2010 · 1 Comment

Tweet Maryland’s Groundbreaking Lead Law Marylanders can be proud that we introduced a ground breaking lead paint law in the 1990’s.  This was politics at it’s best creating a law that was a win – win for both tenants and landlords.  If landlords registered their properties and took steps to prevent lead paint hazards they […]

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Tags: Law and Regulations · real estate

Gobbledygook

March 8th, 2010 · No Comments

Tweet I recently wrote about the SAFE Mortgage Licensing Act.  Here is some of the actual wording from the proposed regulations regarding the SAFE Act. As noted earlier, the SAFE Act encourages CSBS and AARMR to establish and maintain the NMLSR, and  these organizations have development of the NMLSR under way.   In addition to […]

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Tags: Humor · Law and Regulations

Owner Financing? – Not Unless You Are Licensed!

March 7th, 2010 · 4 Comments

Tweet HUD has proposed new mortgage licensing regulations that would affect how investors do owner financing.  Unless you are selling your own personal residence you would have to be a licensed mortgage loan originator in order to offer owner financing.  I felt this is an unreasonable and unnecessary requirement and submitted a comment saying so […]

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Tags: Law and Regulations · real estate

What is a Receiver?

April 9th, 2008 · 5 Comments

Tweet In the fight against blight, former Baltimore Mayor Martin O’Malley instituted project 5000, where the goal was to acquire 5000 houses and sell them to investors and home owners. Most of these properties were acquired through tax foreclosures. These houses were sometimes sold as packages to developers or as SCOPE properties (Selling City Owned Properties […]

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Tags: Advanced tips · Law and Regulations · real estate