As part of the rental property process, landlords must complete several different types of inspections. Although these take place at different times and for different reasons, the ultimate goal is to protect you, the tenant, and the property. In addition, detailed inspections help landlords discover maintenance issues before they become emergency repairs and ensure that […]
Monthly Archives: May 2022
27
May
May
Finding housing in a competitive rental market is no easy task, as most renters know. After all, with more demand and fewer homes available, all the good rental properties go off the market within seconds. But, what makes a competitive rental market after all? And how can tenants secure a lease when competition is high? […]
25
May
May
Using property management software is a great way to streamline your rental property management business. However, with all the applications available today, it’s crucial for landlords to find one that suits their business needs. If you’re wondering what property management software will benefit your business best, read along as we go over some of the […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Northern Virginia, Property Management in Richmond, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Landlord Mistakes for New Rental Investors to Avoid
24
May
May
Some people may assume that being a landlord is a simple job. However, a lot more goes into the position than you may think. That said, when investors first begin their career as landlords, they’re bound to make at least a few minor mistakes. After all, nobody is perfect. But still, the goal is to […]
23
May
May
Accommodating all tenants is an essential part of running a successful rental business. After all, landlords involved in discrimination claims can face significant legal or financial penalties. That said, navigating pet laws in your rental can be tricky. For example, what’s the difference between a service animal and an emotional support animal? How can rental […]
20
May
May
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. […]
19
May
May
Many investors want to know what makes a rental investment worth it when investing in real estate–appreciation or cash flow? While both have several benefits, there are a few critical points for investors to focus on. For example, it’s important to create regular cash flow while also looking at appreciation. Luckily, there are several ways […]
18
May
May
Every landlord must follow certain rental property laws, and they differ depending on which state and city they’re in. As you can imagine, rental property compliance is essential in running a successful rental business. However, it all depends on the location of your rental property and local ordinances in that area. So, if you’re wondering […]
17
May
May
Rental security deposits are important for owning and managing a rental business. If you are a first-time renter and don’t have experience with security deposits, you may not understand why they are necessary and how they work. Some renters assume that they are entitled to their full security deposit when they move out. However, in […]
13
May
May
When you own a rental property business, there are several expenses you must account for. Some of the most common rental property costs include insurance, taxes, and maintenance. However, sometimes landlords encounter unexpected rental property costs that negatively affect profits. So how can you avoid running into hidden rental property costs? Here’s what you need […]
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