--- title: "Dominion Cove Point Lusby | Real Property Management Gold" description: "The Dominion Cove Point gas exporting project in Lusby is underway with 3000 new jobs. But what does it mean for us, the people of Lusby and Calvert County?" url: https://realpmgold.multisites.ai/dominion-cove-point-lusby publisher: Real Property Management Gold phone: +1-301-392-2172 assessment: https://realpmgold.multisites.ai/contact-us#assessment --- # Dominion Cove Point Lusby LocalPublished February 7, 2015Updated April 18, 20222 min read The Dominion Cove Point gas exporting project in [Lusby](https://realpmgold.multisites.ai/areas-we-serve/calvert-county/lusby) is underway. Many of us have read newspaper articles about the protests and arguments for and against the project. We can all see the temporary pier under the [Thomas Johnson bridge](http://en.wikipedia.org/wiki/Governor_Thomas_Johnson_Bridge). Awareness that something is going on in our community is high but what does it mean for us, the people of [Lusby](https://realpmgold.multisites.ai/areas-we-serve/calvert-county/lusby), Solomons, and [Calvert County](https://realpmgold.multisites.ai/areas-we-serve/calvert-county)? According to Lyle Kendrick of the Capital News service “The peak of the export facility’s construction will be this year or in 2016 and the project will create up to 3,000 jobs, said Brent Booker, secretary-treasurer of North America’s Building Trades Unions. “This means 3,000 people will pull their car up into the parking lot and get bussed down to the project,” he said. According to Dominion, the project will use both Calvert County residents and workers from across Maryland. Starting this year through 2017 approximately 3,000 people will be bused or moved into Lusby. The current population of the Lusby/Solomons area is roughly around 25,000. Adding 3,000 jobs is going to have a significant impact on the local economy and rental properties are going to be one of the hottest commodities. What this means is rents in Lusby and the surrounding areas are going to rise, at least for the next several years. If you own a home the time is now to start considering whether it may be worth renting your home to take advantage of the higher rents. Here are some things to consider in deciding whether renting your Lusby home is worth it. 1. Check the market rental rate. Contact Real Property Management Gold for a FREE market Rent Evaluation of your Property. We will show you exactly how much your rental property is worth. 2. Contact an insurance company for a landlord insurance quote on your property. Although you do not have to insure the home’s contents, tenants pose a higher risk for insurance companies. In some cases, your insurance rates may actually increase. Fortunately, insurance premiums are a tax deduction for landlords. Real Property Management can also ensure the tenants are insured and provide this coverage if needed. 3. Estimate the taxes you will pay on rental income. Receiving $1,000 a month adds an extra $12,000 to your taxable income. The extra income could bump you up to a higher tax bracket depending on your current income. There are several tax deductions associated with rental properties, such as mortgage interest, repairs, depreciation, employee or contractor fees, and long-distance travel costs. Real Property Management will handle the accounting on your rental property and ensure that a 1099 form is filled out for ease of tax filing. 4. Review the pros and cons. If you rent the home, you maintain ownership and the ability to sell when the market is booming. The tenant covers your mortgage, while your property appreciates in value over time. On the other hand, cons include the responsibility of managing a property, tenants damaging the home, and tax gains when you decide to sell. However, hiring a professional Property Management company such as Real Property Management Gold greatly lowers the risks and provides you with peace of mind that your property is always being taken care of. If you have any questions about renting your home in Lusby or Solomons call Real Property Management Gold at our Southern Maryland office 301-392-2172. ## Terms on this page - [Landlord insurance](https://realpmgold.multisites.ai/glossary/landlord-insurance) - [Market rent](https://realpmgold.multisites.ai/glossary/market-rent) First published by Real Property Management Gold on February 7, 2015. Details may have changed since then; current rules are in the [Landlord Center](https://realpmgold.multisites.ai/landlord-center). ## Keep reading - [Indian Head Rail Trail: What the 13-Mile Trail ConnectsThe Indian Head Rail Trail is a paved trail of about 13 miles that links the Town of Indian Head with the White Plains area of Charles County. It follows a former railroad corridor through the Mattawoman Creek stream valley. Owners can cite it in a listing as a fact, with the official name and a measured distance.](https://realpmgold.multisites.ai/indian-head-rail-trail) - [Calvert Cliffs Fossils: What Maryland DNR Says About the ParkMaryland DNR states that fossils of over 600 species have been found along Calvert Cliffs. Calvert Cliffs State Park sits at 10540 H. G. Trueman Road in Lusby. DNR also warns that climbing on or walking beneath the cliffs is prohibited because of landslides, and that collecting fossils beneath the cliffs is illegal.](https://realpmgold.multisites.ai/calvert-cliffs-fossils-lusby) - [Thomas Stone National Historic Site: A Port Tobacco LandmarkThe National Park Service lists Thomas Stone as a Maryland signer of the Declaration of Independence, born in 1743 and tied to Port Tobacco in Charles County. He is buried at Thomas Stone National Historic Site, which has a mailing address of 6655 Rose Hill Road, Port Tobacco. Check the park's page for hours and tours.](https://realpmgold.multisites.ai/thomas-stone-historic-site-port-tobacco) ## Ask what your home could rent for. Free. A free rental assessment from our offices in Lexington Park and Waldorf. No cost, no contract, no pressure. [Request a free assessment](https://realpmgold.multisites.ai/contact-us#assessment)[(301) 392-2172](tel:+13013922172)