Expenses and repairs – two anxiety-inducing words for rental property owners. As a landlord, you have a responsibility to maintain a safe and structurally sound home for your tenants. So, how can owners manage to maintain their property without breaking the bank? While you can never truly escape the need for routine maintenance, there are […]
Monthly Archives: November 2020
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Investing in rental property as a way to generate income can prove lucrative for savvy investors. However, like any other type of investment, it does not come without risk. Mitigating this risk takes preparation, planning, and know-how. So, to get you started, we assembled the top 10 tips for successful real estate investing along with […]
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The application and move-in process for a rental property includes several essential steps. A move-in inspection is just one of the steps, but it is crucial for both landlords and tenants. Documenting the property’s condition upon move-in creates a baseline to compare with the move out inspection. Determining what is damage and normal wear and […]
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Ready or not, the holidays are upon us! However, entertaining in a rental property throughout the holiday season can present some challenges. Before friends and family descend on your rental home, we break down the dos and don’ts for both landlords and tenants. Join us below to discuss some of the top tips for a […]
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Upon hearing the word depreciation, your mind might automatically go to the negative. However, for the savvy investor, depreciation signals opportunity! Rental property owners encounter many expenses throughout the year, chipping away at their bottom line. That said, not all expenses create a tangible impact on your cash balance. Depreciation is a paper loss that […]
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Every landlord knows a thorough screening process is key for success in the rental industry. As important as that is, it does not always protect you from unauthorized occupants. These unwelcome residents threaten the wellbeing of your investment property and create a huge issue for landlords. So, how do landlords determine who is a guest […]
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Can a landlord limit the number of tenants in their rental? It is a question on many landlords’ minds—some worry about mitigating overcrowding, noise, utility usage, and potential wear and tear. In short, yes, there are limits to the number of occupants allowed in rental properties and it’s important to have a clear occupancy policy. […]
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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 contribute something special to our property management company. […]
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Appealing to a wide variety of potential renters is key to the success of landlords. When considering a remodel or design change, it is important to realize that not everything that works in your own home is ideal for a rental. In fact, modern design trends can prove either profitable or a disaster in […]
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