Over the past several years, short-term rentals have gained significant popularity among renters and landlords. But is it a bright idea for your next investment venture? It ultimately depends on many factors, like how much time you can commit and how secure you expect your investment to be. That said, the short-term rental market isn’t […]
Monthly Archives: April 2022
26
Apr
Apr
All landlords have a goal to rent to tenants that will pay in full and on time. One way to widen your prospective tenant pool is to accept Section 8 tenants. While it may seem worrisome for some landlords, there are several benefits to accepting tenants with a Housing Choice Voucher. After all, in a […]
25
Apr
Apr
When you’re moving to a new area, it can be difficult to get adjusted right away. If you don’t research the city or surrounding neighborhoods, you might not know what to expect. Additionally, if you’re looking to purchase a rental home in Philadelphia, you’ll likely want to do so in a suitable location where people […]
19
Apr
Apr
Choosing the perfect tenant for your rental property is just one of the many decisions landlords must make before the move in. Most property owners are familiar with charging new tenants the first month’s rent and a security deposit. However, the question remains – should you collect last month’s rent as well? This is something […]
18
Apr
Apr
The COVID-19 pandemic has changed and shaped everyone’s lives in one way or another–including renters, landlords, and property managers. In fact, the pandemic has changed several aspects of the rental market throughout the past few years. For example, renters are looking for certain amenities and landlords need to keep up with the changing wants and […]
15
Apr
Apr
Setting the right price for your rental property is a massive part of running a successful rental business. However, it’s not as easy as it sounds. Pricing a rental property fairly takes time, research, and resources. After all, you don’t want to miss out on profits by either setting your rent too low or too […]
14
Apr
Apr
Owning a rental property with a pool can pose several perks for landlords and tenants. Pools can add value to your rental home, attract higher-paying tenants, and create a fun environment for families. On the other hand, renting with a pool requires extra maintenance and can increase the chances of liabilities. If you’re considering renting […]
13
Apr
Apr
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 incredible team members and how they each contribute something special to our property management company. […]
12
Apr
Apr
Are you a frustrated tenant or landlord wondering what government officials can do to help the ongoing housing crisis? Luckily, some officials are stepping up and making changes. Recently, Baltimore Mayor Brandon M. Scott has announced that he’s directing $100 million towards neighborhood revitalization, tenant protections, and affordable housing in Baltimore. However, where is this […]
12
Apr
Apr
Nothing brings Summer fun to a halt faster than a broken-down HVAC system. For tenants, this is an uncomfortable hassle, but for landlords, it is a potentially costly repair. Industry experts agree that the best way to prevent an unfortunate HVAC breakdown is through proper maintenance and care. However, some of that responsibility falls on […]
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