7 Ways to Ensure Your Potential Tenant’s References are Real

Posted on by Bay Management Group
Any responsible Baltimore City property owner knows the importance of tenant screening when it comes to placing tenants in their property. You want to make sure the tenant you are considering has no criminal background, has verifiable income that can cover the monthly rent expenses, and has a good credit score. Since most rental applications … Read More

What Fees to Expect When Financing a Rental

Posted on by Bay Management Group
You may look at the price of a potential Gaithersburg investment property, and think you’ve got a fairly good deal. However, do not be fooled – more lies beneath the surface. Besides the price tag of a rental property, there are numerous miscellaneous fees you can expect to pay when financing a rental. But do … Read More

How Important Are Move-In Inspections in Baltimore County?

Posted on by Bay Management Group
No matter how thoroughly you screen your Dundalk tenants, having your property management company follow a strict move-in process is a must. In fact, the success of your rental property business relies on a comprehensive move-in, successful rent collection, correct handling of maintenance issues, and proper eviction processes. In order to avoid unnecessary disputes both … Read More

How to Minimize Firework Risks at Your Rental This Fourth of July

Posted on by Bay Management Group
It’s that time of year again; that time when Americans all over the country get together with their family and friends to celebrate the freedom they enjoy each and every day. While the Fourth of July is often a time of excitement, good food, and of course, fireworks, property owners often cringe at the thought … Read More

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