Note: this post should not be viewed as a substitute for legal advice.
I have to give all credit to Tiffany Dowell at Texas A&M for giving me the idea to post on this topic with her recent blog post Average Rent Prices in Texas. June is the time of month many of you will be thinking about renewing your lease. Maryland is no different than Texas in one sense, many you also like to ask me “What is a good rental rate?”. My candid response is well I’m not really an economist I just pretend to be one from time to time. But in all seriousness this is something many of you often struggle with. So how do you go about calculating a fair rental rate, regardless of if you are a landlord or a tenant?Read More