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 […]
Monthly Archives: August 2023
16
Aug
Aug
It’s no secret that the housing market has changed drastically over the past few years. Right now, we’re witnessing a housing shortage in 2023. However, it’s nothing new. Fewer available homes and increasing prices have become serious problems for buyers and renters all over the U.S. That said, it’s important to understand what causes a […]
15
Aug
Aug
There are several types of rental lease agreements to choose from. Most of the time, it depends on your level of commitment and what kind of rental home you’re looking for. For instance, if you’re temporarily relocating for work or going on an extended vacation, you may look for a short-term rental home. On the […]
14
Aug
Aug
When you move into a new rental home, you’ll sign a lease agreement stating the lease duration, rental rate, and essential information about the rental contract. Most lease agreements last 12 months, sometimes giving tenants a chance to renew at the end. On the other hand, if your move is temporary, you may look for […]
11
Aug
Aug
Investing in rental properties is a great way to sustain a steady money flow and provide supplemental income. However, being a landlord is not as easy as it seems– and it’s sure enough not for everyone. When choosing whether or not to pass control over to a property manager (Bay Management Group is here at […]
10
Aug
Aug
For many individuals, pets are just as much a part of their family as any blood relative. Whether or not your rental allows pets could significantly affect your qualified tenant pool in today’s rental industry. As a landlord, accepting pets is a big decision, and there are plenty of things to consider. Today our focus is […]
09
Aug
Aug
TikTok has become a popular platform for content creators from various backgrounds, including real estate. Additionally, it’s become a place for new or up-and-coming landlords to gain popularity and talk about their experiences. However, these “TikTok landlords” are starting to get some hate from individuals who don’t understand or align with their business strategies. But, […]
08
Aug
Aug
Since the start of the pandemic, more and more people have started working out at home instead of in a gym. Not only is it more sanitary, but it’s much more convenient, especially for tenants with busy schedules. That said, you don’t need expensive equipment to get a good workout in. In fact, using items […]
07
Aug
Aug
Did you know that August is Back to School Month? You may think that this has no significance in the real estate world, but it could be an important factor for landlords and property managers to consider. With higher rental demand in the summer, it’s clear that many people move at the start of […]
05
Aug
Aug
As a Philly rental property owner, you know one of the most commonly asked questions from potential tenants is, “Do you allow pets on the property?” Despite the horror stories you may have heard from other property owners, adjusting your rental property pet policy to allow for some animals comes with a number of benefits. […]