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
27
Apr
Apr
All landlords aim to keep high-quality tenants in their rentals to minimize vacancies. However, you won’t always find the perfect tenants to stay in your properties long-term. That said, one of the most expensive parts of owning a rental business is tenant turnover. Therefore, landlords work hard to increase their tenant retention rate. If you’re […]
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 […]
21
Apr
Apr
Collecting rent from tenants on time each month is the key to a successful rental business. When you have reliable, high-value tenants, your investment in rental property truly pays off. However, when tenants repeatedly pay late – or not at all – it can create frustration and misunderstandings between landlords and tenants. Either way, it […]
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. […]
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