If you own rental properties, you know that sometimes there are periods of vacancy between tenants. While it’s not ideal to have an empty rental property, property turnover is a significant responsibility for rental business owners. As a property owner or manager, there are steps you can take to ensure minimal vacancy. Read along as […]
Monthly Archives: March 2022
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 […]
Ensuring your property is well-maintained and looking good from the outside is important all year long. However, it’s especially necessary during the leasing season. Although the inside of your rental is what prospective tenants really want to see, the outdoor curb appeal is the first thing they notice. That said, follow along as we go […]
Frequently, a homebuyer’s worst nightmare is a real estate bidding war. For investors, getting the best deal on a property is essential to achieve a healthy profit. Unfortunately, sometimes it’s unavoidable that more than one person is interested in the same property. However, there are a few ways you can avoid a real estate bidding […]
Finding quality tenants for your rental properties is crucial in running a successful rental business. However, conducting showings, following up on leads, and facilitating applications can be a time-consuming process. For landlords without professional property management in Washington DC, running to showings for applicants who are unqualified or not truly interested wastes valuable time. To […]
Buying and selling real estate is a large financial decision for investors, landlords, and homeowners alike. With any investment comes tax situations, payments, and legal requirements. That said, when you invest in rental properties, there are clever and legal ways you can reduce your tax burden. Today we go over some rental property tax loopholes […]
Most property management companies in Baltimore do everything they can to find good tenants and protect their rental properties. That said, becoming a landlord undeniably poses both risks and benefits. One landlord-tenant scenario that has pros and cons is subletting for Airbnb. Sometimes, tenants go out of town or need to end a lease early, […]
Investing in real estate is a great way to earn income and create long-term wealth. However, it’s crucial to understand the key factors of analyzing an investment property to maximize your investment’s potential. After all, investing in real estate is a significant financial decision, and you must be wise to be successful. Today we will […]
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. […]
Replacing your windows is not something you likely think about often. However, it’s pretty important–especially in a rental home. Like most things in a rental property, windows become worn, damaged, or dated relatively quickly. Continue reading as we go over some warning signs to look for along with the benefits of replacement windows in a […]
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