5 Business Skills You Need as a Landlord

Posted on by Bay Management Group
Many Americans have the dream of starting their own business. In fact, freedom from the corporate world, being your own boss, and making a lot of money, are the thoughts that dominate your mind when you’re feeling that entrepreneurial spirit. But running a business is a lot of work. Launching a rental property business and … Read More

The Landlord’s Guide to Rent Increases

Posted on by Bay Management Group
Raising the rent on your Severn rental property is a normal part of the rental property business − your tenants surely expect it to happen at one point or another. And, unless your specific area has rent control policies in place, you are free to increase the rent on your property as you see fit. … Read More

How to Boost Tenant Retention by Addressing Maintenance Concerns

Posted on by Bay Management Group
Addressing tenant maintenance concerns in a timely manner is often more important to your Aberdeen tenants that anything else you or your property management company can do. Yes, even more important than reasonable rent rates, amenity packed rental homes, or move-in incentives that include cash, discounts, or other generous gifts. With that in mind, it … Read More

5 Mistakes You Could Be Making With Your Lease Agreement

Posted on by Bay Management Group
Becoming a successful investment property owner in Chevy Chase, MD takes a lot of real estate expertise. You must be familiar with how to: Finance and purchase rental properties Place high quality tenants and collect timely rent payments Maintain and repair your property whenever an issue arises Keep your tenants satisfied so they will want … Read More

How to Recognize and Handle Landlord Stress

Posted on by Bay Management Group
Being a property owner comes with a lot of stress. In addition to managing your rental property, as a property owner you must balance your work with everything else in your life. This includes family and friend obligations, other work commitments, and free time. Not to mention, property related tasks such as rent collections, routine … Read More

How to Protect the Carpets in Your Rental Home

Posted on by Bay Management Group
Anyone that has a Baltimore County rental home with carpeting knows what a beating the floors can take after a lease term has come and gone. And, while sometimes it may be your tenant’s fault (e.g. not removing shoes upon entering the rental), so long as the damage does not exceed normal wear and tear, … Read More

How Often Should You Paint Your Rental Property?

Posted on by Bay Management Group
The visual appeal of your Edgewood rental property’s interior is what makes your tenants feel at home in their place of temporary residence. A nice-looking rental also helps yield high rent rates and top-notch tenants that pay on time. As a property owner, you will no doubt have to deal with painting your rental property … Read More

Should You Offer Move-In Specials to Entice Tenants?

Posted on by Bay Management Group
Staying ahead of the competition is tough when you are a property owner in Annapolis. As the capital of Maryland, and home to the United States Naval Academy, there are plenty of tenants looking for a great place to live here. And other property owners know it. If you are wondering how to stand out … Read More

7 Ways to Prevent Mold in Your Rental Property

Posted on by Bay Management Group
There is no way to avoid the fact that mold spores are floating around your Montgomery County rental property at any given moment.  It’s natural for mold spores, among many other contaminants, to be present in the air we breathe. However, when the humid Maryland weather hits and the climate begins to dampen, these mold … Read More

How to Handle Long-Term Guests in Your Rental Property

Posted on by Bay Management Group
There is a thin line separating who should be considered a guest in your Pikesville rental property and who constitutes an actual residing tenant.  And, if you are not careful, guests that overstay their welcome in your rental property can quickly turn into serious liabilities if they become more tenant-like than guest-like. In order to … Read More