For over 100-years, Baltimore Apartment Property Owners have entrusted their assets to the care of the Frederick Family. Since 1980, Ben Frederick III, CCIM, has offered these services:
> Marketing Multi-unit apartment buildings and mixed-use commercial-investment real estate for sale; helping seller’s achieve maximum value for their assets and assisting buyers in making wise and informed investment choices.
> Consult with lenders and borrowers on the best ways to resolve delinquency and default situations.
> Assist lenders in determining the fair market value of an asset in distress. Recommend courses of action to best retain the value of the Property. In several situations, Ben Frederick Realty has been able to step-in as an interim asset manager / property manager and get the property sold to a third party in a way that retains tenants, maintains a steady cash flow, and ultimately maximizes the value of the property to minimize losses for the lender.
> Resolving rental registration and zoning problems with the City of Baltimore.
> Representing property owners in saving thousands of dollars each year in property taxes when the tax assessment office’s opinion of a property’s value is higher than what can be supported from comparable sales and/or the actual income a property is generating.
> Compliance with Maryland’s ground-breaking Lead Poisoning Prevention Program can be intimidating and overwhelming. Ben’s long history and vast experience in bringing properties into compliance will help landlord’s determine the most cost-effective method for bringing a property into compliance in addition to completing the paperwork to document registration and compliance.
> With many years experience in all phases of the real estate investment cycle, Mr. Frederick is able to consult and advise on financing and management operations to help guide an owner through a difficult time, maximize financing, minimize operating costs, and maximize revenue through effective leasing program and effective rent collection procedures.