Screening prospective tenants is a tedious but necessary part of being a successful landlord. Nationally, the average eviction rate is around 3%. However, according to the Aspen Institute Financial Security Program, post-COVID eviction rates could jump as high as 20% in the coming year. As job and income loss heavily weigh on renters’ minds, landlords […]
Monthly Archives: January 2021
28
Jan
Jan
The question for the day is, what will 2021 hold for the US rental market? No matter what the economic outlook post-COVID-19, individuals will always need a place to call home. That said, investors can count on a large portion of those individuals being renters. However, while the pandemic’s effects are still playing out, the […]
27
Jan
Jan
In a competitive rental market, every lead is vital. After all, a high tenant turnover rate can wreak havoc on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more […]
26
Jan
Jan
The COVID-19 pandemic hit landlords hard in 2020. Therefore, with 2021 in full swing, many property owners wonder what the rental market has in store. As regulations tighten and many industries still struggle on the road to recovery, proactively planning for your rental is essential. How much should I charge for rent? Will I be […]
25
Jan
Jan
Renting an apartment is a costly and emotional process. As a tenant, you want to do everything you can to ensure a confident decision. So, how do you know landlords have been upfront with all the details that are important to you? The answer is to ask the right questions! While the rental ad may […]
22
Jan
Jan
The goal of every real estate investor is to make money! That said, tracking and evaluating that investment is critical to success. Property management firms and landlords alike turn to rent rolls as a means to do just that. So, what is a rent roll, and how will it help property owners drill down into […]
21
Jan
Jan
The landlord-tenant relationship can, at times, be a trying one. That said, in many cases, these issues are easily resolved with professional communication and a little understanding. However, when situations escalate, property owners may find themselves accused of landlord harassment. Also, a dreaded landlord harassment lawsuit can deplete profits, not to mention valuable time. So, […]
20
Jan
Jan
How many of us have ever had to deal with an incessantly noisy neighbor or other disruptive circumstances? It happens, and when it does, it creates a sometimes hostile but always unenjoyable experience. For landlords, handling complaints from tenants may bring up the phrase “covenant of quiet enjoyment.” Although it may sound obscure, this legal […]
19
Jan
Jan
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. […]
18
Jan
Jan
Investing in rental property can prove to be an excellent and lucrative addition to a diverse portfolio. However, being a landlord extends well beyond buying the property. As a matter of fact, managing a rental property is a full-time job that not every investor is prepared for or wants. So, what is a landlord to […]
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