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Who Pays For Rental Property Improvements? What You Need To Know

Posted on February 22, 2018March 13, 2018 by Bay Management Group

As an owner of a residential rental property, you already know that you are responsible for paying the property taxes and maintenance costs, but what if your tenant requests upgrades and improvements? What if they want a new refrigerator, a different style of carpet, or upgrades to the bathroom? While landlords are always free to … Read More

10 Questions to Ask When Hiring a Property Manager

Posted on January 26, 2018February 5, 2018 by Bay Management Group

Having a qualified and professional property manager to operate your residential and commercial structures is absolutely vital. There’s a lot that goes into taking care of a rental property, from physically maintaining it, to filling it with renters, and much more. For this reason, you need to ensure that you’re hiring somebody worth their salt. How … Read More

Bay Management Group’s Top Property Management Tips of 2017

Posted on December 23, 2017December 20, 2017 by Bay Management Group

Becoming a successful landlord takes time, money, and patience. But most of all, it takes knowledge and experience to build a successful Maryland rental property business. Here at Bay Management Group, we have what it takes to make it in the rental property industry – years of experience and a knowledgeable staff, complete with Maryland … Read More

5 Ways a Property Management Company Saves You Time And Money

Posted on December 22, 2017December 22, 2017 by Bay Management Group

Self-managing your Laurel rental property may sound like a good idea initially. However, what you may not realize when you get into the rental property business is how much work is involved, and how much money needs to go into properly managing every aspect of your tenant’s stay in your investment property. Not understanding the … Read More

4 Renovations To Keep Your Tenants Happy & Complaint-Free

Posted on December 21, 2017December 21, 2017 by Bay Management Group

Keeping your tenants happy is the best way to continue collecting a consistent stream of rental income, prevent an unnecessary vacancy, and of course, build your Owings Mills rental property business into one that is reputable and successful. That said, how you keep your tenants happy can be challenging at times. There are so many … Read More

Top 4 Reasons Why Detailed Move-In Inspections Are Essential

Posted on December 14, 2017December 14, 2017 by Bay Management Group

Any time you place a new tenant into your Bel Air rental property, you must conduct a thorough move-in inspection – even if you think that your rental is in tip-top shape. But you and your property management company tirelessly prepared your rental for new tenants, made sure that everything was clean, in good working … Read More

Top 7 Ways to Guarantee Success in Your First Investment Property

Posted on December 8, 2017December 8, 2017 by Bay Management Group

Investing in rental property is a great way to boost supplemental income, or even replace your traditional 9-5 day job. In fact, getting into the rental property business can be extremely lucrative, if approached the right way. However, it’s important to note that many first-time investors can mistakenly get caught up in the excitement of … Read More

The Top 5 Pro Tips For Long-Term Essex Resident Retention

Posted on December 5, 2017December 5, 2017 by Bay Management Group

Learning how to retain your Essex tenants, and encourage them to sign lease renewals at the end of their lease terms, is something all successful property owners do at some point during their career. In fact, learning this skill early on will save you the time and money it takes to advertise a vacant property, … Read More

Top 5 Renovations To Improve Your Income Property’s ROI

Posted on November 30, 2017November 30, 2017 by Bay Management Group

Part of becoming a successful landlord in Annapolis is making your rental property more valuable through renovations and upgrades. This will not only help you justify asking for higher monthly rent rates, but allow your property management company to place higher quality tenants in your property. Adding to that, renovations are known to increase your … Read More

3 Ways to Help Your Tenants Calculate Renters Insurance Coverage

Posted on November 27, 2017November 23, 2017 by Bay Management Group

Requiring your tenants to have renters insurance is one of the best ways to protect yourself, your Abingdon rental property, and your tenants. Unfortunately, many tenants feel that having renters insurance is not necessary. In fact, a 2016 Insurance Information Institute poll reports that only 41% of renters have renters insurance, compared to 95% of … Read More

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