At Bay Property Management Group, we are property management professionals focused on customer service. Furthermore, our goal is to make property ownership both a pleasurable and profitable experience for our clients. We know that our success is due to our awesome team members and how they each contribute something special to our property management company. […]
03
Feb
Feb
Real estate crowdfunding is a unique way to diversify your financial portfolio. Crowdfunding allows you to pool your money with others to purchase real estate. The idea is that many people are willing to invest a small amount, adding up to a large sum of money. As such, crowdfunding allows investors to become shareholders in […]
01
Feb
Feb
While being a landlord is rewarding and stressful, finding responsible tenants is only one of the hardships you have to go through. If you want your undertaking to succeed, you must be prepared for various emergency situations that may occur on your property. A slow or inadequate response during an emergency can cost you time, […]
31
Jan
Jan
Maintenance and property upkeep can be a nightmare for many owners in and around Richmond. For instance, unexpected appliance breakdowns, forgotten routine maintenance, and unusually harsh weather can all lead to maintenance problems that eat into profit. Fortunately, there are proactive ways to reduce costs over time, including scheduling routine upkeep, investing in quality supplies […]
30
Jan
Jan
Investing in 2023 may look different for investors than in previous years. Inflation and mortgage rates are high, leaving many investors wondering when the market will correct. However, that doesn’t exclude the opportunity to invest in real estate this year. Read along as we go over the best long-term and short-term markets for investing in […]
28
Jan
Jan
When you own a rental property, you’re responsible for finding tenants, maintaining the home, and much more. While managing one rental may be feasible, it can quickly become overwhelming with several properties. If you’re looking for ways to manage stress and avoid burnout as a landlord, read along while we go over some helpful tips. […]
27
Jan
Jan
Discovering that an unauthorized person is living in your rental property is a very stressful situation. As a landlord, it is your duty to protect the property and ensure that only authorized and vetted individuals live in the unit. Unfortunately, despite having a rock-solid lease agreement, there may be times when a tenant’s guest(s) overstay […]
26
Jan
Jan
Investing in rental properties seems like an excellent idea–until it becomes a full-time job. Then, do you find yourself spending too much time maintaining properties and communicating with tenants? Hiring property management can be highly beneficial if you’re just starting in the rental business or have too many properties to keep up with. Read along […]
25
Jan
Jan
The past few years have been hectic for real estate investors and property managers throughout the United States. With high-interest rates, inflated home prices, and navigating through Covid-19 procedures, it’s been a learning curve for everyone involved. As we enter a new year, more changes are on the way. Read along as we discuss property […]
23
Jan
Jan
Over the past few years, we’ve seen a lot of ups and downs in the real estate market. However, after two years of continual price increases, housing affordability may finally be in sight. A housing market correction in 2023 may indicate some benefits and challenges for investors. Here’s what you need to know about a […]