Most people are aware of market crashes, how they happen, and their effects on consumers. However, reverse market crashes aren’t as commonly discussed, although they are important to understand. In the video below, we’ll go over what causes a reverse market crash, similar scenarios that have happened in the past, and whether or not there’s […]
Monthly Archives: January 2024
16
Jan
Jan
When thinking about your dream tenant, have you ever considered a travel nurse? Many traveling healthcare professionals need short-term accommodations for their ever-changing job placements. So, if you own rental properties, you may consider marketing and advertising to travel nurses or other healthcare professionals. If this interests you, read along as we review some of […]
15
Jan
Jan
There are plenty of ways to offer flexibility to your tenants, whether you offer a shorter lease term, extra amenities, or a discounted rental rate. One of the most common ways to cater to a tenant’s renting needs while also benefiting yourself is by offering a month-to-month lease. Month-to-month leases are great for traveling tenants […]
12
Jan
Jan
You may think there’s not much difference between an HOA manager vs. a property manager. While the roles are similar in some aspects, there are several differences between these two jobs. Today, we’ll review some of the tasks and responsibilities of each job role, the fees each manager charges, and the essential certifications each manager […]
11
Jan
Jan
Addressing tenant maintenance concerns in a timely manner is often more important to your tenants than anything else you or your property management company can do. In fact, it can be more critical than reasonable rental rates, amenities, or move-in incentives like cash or discounts. As such, it’s important to keep your tenants happy by providing […]
10
Jan
Jan
Most tenants want to find a safe and secure rental home to treat as their own and will happily pay the monthly rate to do so. However, there’s always that small set of people who aim to mistreat the property or purposely refuse to pay rent. Today, we’ll review some characteristics of prospective “nightmare tenants” […]
09
Jan
Jan
Buying a rental property takes careful consideration and a lot of research. It’s also a significant investment, meaning you must have the right capital or financing plan to purchase it. With such a large investment, it’s important to know what to look for in a rental property and ensure you’re following the right steps to […]
08
Jan
Jan
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 Baltimore property management […]
05
Jan
Jan
Managing homeowners’ associations takes a lot of work from the board of directors, HOA managers, and community members. It takes a village to ensure a harmonious community, and HOA managers play a large part in keeping things running smoothly. Today, we’ll go over what an HOA manager does, the essential skills they need, and how […]
04
Jan
Jan
Lease agreements are legally binding contracts between landlords and tenants, typically lasting anywhere from six to twelve months, depending on the agreed-upon terms. This means a tenant is legally responsible for living in and caring for their rental property for the entire lease duration. However, that’s not realistic for all tenants. Sometimes, situations arise where […]