Inspections are a crucial part of owning real estate. Regardless of your property type, you’ll want to get periodic inspections to ensure everything is running smoothly. That said, there are several different types of inspections, whether you’re looking at the roof, HVAC system, plumbing, or electrical work. Each aspect is important and necessary to ensure […]
Monthly Archives: September 2024
28
Sep
Sep
Property maintenance is both the tenant’s and the landlord’s responsibility. Typically, tenants are responsible for the regular upkeep of their rental property, including changing light bulbs and keeping their yard trash-free. Landlords are usually responsible for more big-ticket maintenance, such as HVAC repairs, roof leaks, and electrical and structural issues. Keeping up with these tasks […]
27
Sep
Sep
If you have a family, you know how important their safety and well-being are. So, if you plan on moving, you’ll likely prioritize those things by finding a family-friendly neighborhood. Now, this can look different for everyone, but it typically consists of a safe area with good schools and plenty of family-friendly activities. Today, we’re […]
26
Sep
Sep
If you own a rental property, you know how crucial it is to receive on-time rent payments. However, you may get a tenant here or there that doesn’t pay on time–or at all. These situations are frustrating, but handling them the right way is important so you don’t face legal trouble as a landlord. Today, […]
25
Sep
Sep
Investing in real estate is a great way to generate money through rental income and property appreciation. That said, there are several different investment strategies to explore, whether you go after residential rental properties, commercial buildings, short-term rentals, or a fix-and-flip project. With that, each strategy required a different type of management and maintenance. Today, […]
24
Sep
Sep
Buying a rental property is a great way to earn passive income. However, knowing how to attract and keep good tenants is crucial if you want to keep your cash flow positive. One of the best ways to draw tenants in is by making periodic upgrades that keep your rental looking and feeling fresh. But […]
23
Sep
Sep
When it comes to investing money, many of us hesitate, whether talking about buying stock, starting a business, or purchasing a property. And it’s not surprising because big money and your time, effort, and sometimes personal liability are involved. At Bay Property Management Group, we are no experts in the stock market or joint ventures, […]
21
Sep
Sep
Most investors buy rental properties with one goal: earning a profit. After all, it can be a very lucrative business venture if done right. However, if your property doesn’t generate enough cash flow, it could seriously impact the success of your business. Today, we’re going over the basics of monthly cash flow and how much […]
20
Sep
Sep
Have you considered installing solar panels on your rental property? Solar panels can help tremendously whether you want to save on energy costs, lower your carbon footprint, or increase the value of your property. However, they come with a hefty price tag. So, are solar panels worth it in 2024? Read along as we discuss […]
19
Sep
Sep
If you live in an HOA community, you know how important it is to keep it looking nice. After all, who wants to pay to live in a neighborhood that looks junky? Keeping your community well-maintained starts with the common areas, like parks, sidewalks, swimming pools, or clubhouses. But who’s responsible for maintaining these areas? […]