Would you rather deal with a prolonged vacancy or an eviction? If you are an experienced landlord, you know the answer. Finding the right tenant for your rental property can take time and effort. After all, you want to avoid long periods of vacancy, but you also want to avoid going through the eviction process. Today, […]
Author Archives: Bay Property Management Group
07
Sep
Sep
Finding a good tenant is only half of a landlord’s job. The other half is managing the property with the tenant in it, which can be a demanding task. To make it a bit easier, many property managers create a “tenant manual.” Even though the rental contract outlines most of the tenants’ responsibilities, a tenant […]
24
Aug
Aug
In certain areas, especially cities or locations with a large student population, the issue of roommates will come up frequently. So, do you have to accept roommates? For landlords, renting to multiple, unrelated tenants can widen your pool of potential renters, ultimately helping to fill units quicker. However, it also comes with its fair share […]
22
Aug
Aug
For many people, investing in a rental property will be one of the most significant and stressful purchasing decisions they make. Finding an ideal property on the market, in the right neighborhood, with enough amenities to appeal to prospective tenants, and of course, funding the down payment, just scratches the surface of what goes into investing […]
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 […]
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. […]
04
Aug
Aug
Renting your home includes a lot of time and responsibility. From tenant screening to collecting monthly rent payments and everything in between, it is easy for a landlord to neglect a significant part of the rental home: large appliances. However, it’s crucial to prioritize large appliance care if you want to save money and ensure […]
24
Jul
Jul
Laws concerning rental homes are established to protect both the landlord and tenant involved in the lease agreement. While landlords want to make a profit and wish to keep their investment properties safe, tenants want their rights to be respected. As such, compliance with federal, state, and local regulations of rental housing is crucial for […]
17
Jul
Jul
Many of us love our families very much and want nothing but the best for them. However, mixing business with family can open up the possibility of some precarious situations. Thus, while some may try to convince you otherwise, keeping family out of your investment opportunities is often best. Today, we’ll discuss a few reasons […]
10
Jul
Jul
When it comes time to upgrade your rental property in Baltimore, there are many options. Some should be standard each time you’re ready to bring new renters in, while others are added amenities you may not consider immediately. Installing new carpet, painting the walls, ensuring the shutters are in working order, landscaping the outside, and […]