6,000Units Under Management
Less Than 1% Eviction Rate
Avg. Time Rental Is on Market 23 Days

Monthly Archives: June 2024

Going Green: Reducing Your Rental Property’s Impact 

Going Green: Reducing Your Rental Property’s Impact 

Going green is not just a real estate fad these days. As the times change, people want to adapt to them. Homeowners, rental tenants, landlords, and even property management groups have adopted the practice of being environmentally friendly. Many tenants now prioritize landlords who are climate-friendly, so it has become a way to stand out […]

When to Do Home Maintenance Yourself or Trust the Professionals

Updated 6/26/24 by Bay Property Management Group When property maintenance is necessary, many landlords are tempted to do all the home repairs themselves. However, sometimes this can defeat the intended purpose of economic efficiency. Surprisingly, it can be more expensive to do the home repairs yourself than simply hiring a professional to complete the work.  […]

HOA vs. POA: Understanding The Difference For Homeowners

HOA vs. POA

Are you considering your next property investment but confused about terms like ‘HOA’ and ‘POA’? Let’s clear that up together! HOA stands for Homeowners Association, and POA stands for Property Owners Association. While they might sound similar, there are key differences that can impact your experience and responsibilities as a property owner.  In this article, […]

What is Rental Verification? +20 Questions to Ask Tenants! 

As a renter, you’ve probably heard the phrase “rental verification” either from your landlord or your property manager. As Northern Virginia property managers, checking rental histories is a big part of what we do to make sure we’re placing qualified tenants in a rental property. In this guide, we will discuss what rental verification means – […]

Your At-Home Office Setup: 8 Best Home Office Ideas 

When you’re working at home, home office setups are a must. However, there are so many ways you could go about furnishing its layout. It can feel impossible to sift through all your choices. Well, look no further because the property managers in Washington DC have sorted through the best of the best to give you […]

What are the Hidden Costs of Being a Landlord?

Being a landlord seems easy from the outside looking in. All you have to do is buy properties and find tenants to live in them, right? Unfortunately, no. Much more goes into it, including time, money, management skills, and more. Landlords have several expenses to consider aside from the price of buying investment properties. Today, […]

How Much is a Security Deposit for an Apartment on Average 

How Much is a Security Deposit for an Apartment on Average

On average, the security deposit for an apartment is equal to one month’s rent. This is the standard across the industry, but in some states, landlords can charge tenants up to three months’ rent! But regardless of location, there are rules landlords must follow. In this article, we explain what a security deposit is and […]

Is Buying a Rental Property Still Worth It in 2024?

Is Buying a Rental Property Still Worth It

Are you a property owner, or a potential investor and thinking about investing in real estate by buying a rental property? If you’re wondering if it’s still a smart move for property owners like you, you’re in the right article to find out!  By the end of this guide, you’ll gain a clearer understanding of […]

How Long Does an Apartment Application Take to Be Approved?

How Long Does It Take to Get Approved for an Apartment? 

Now that you’ve successfully submitted your apartment application, the waiting game for approval begins. But, how long does an apartment application take to get approved? This guide will explain how long it typically takes to get approved for an apartment, what factors are involved, and what you can do to speed up the process.  —————————————————————————————- […]

Benefits of Offering Month-to-Month Leases

Benefits of Offering Month-to-Month Leases

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 […]