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, […]
Author Archives: Bay Property Management Group
17
Sep
Sep
The visual appeal of your rental property’s interior is what makes your tenants feel at home in their place of temporary residence. A nice-looking rental also helps yield high rent rates and top-notch tenants who pay on time. As a property owner, you will undoubtedly have to paint your rental property at some point. After […]
13
Sep
Sep
The prevalence of Section 8 housing is growing within D.C. and surrounding suburbs. Changing laws may increase the amount of affordable housing in the area, so it’s a good idea to learn more about what that means for you as a landlord or property manager. Read on to know what to expect when becoming a […]
09
Sep
Sep
Requiring your tenants to have renters insurance coverage is one of the best ways to protect yourself, your rental property, and your tenants. Unfortunately, many tenants feel that renter’s insurance is not necessary. Only around 55% of renter-occupied homes have renters insurance, compared to 88% of homeowners who have a homeowners insurance policy. Today, we’re […]
05
Sep
Sep
Finding yourself in a dispute with your tenant can be stressful. Even if you have a high-quality Washington DC property management company by your side, litigating in court should be avoided if possible. So, how can you resolve conflict between you and a tenant? There are plenty of reasons to settle a rental home dispute […]
03
Sep
Sep
The actual costs of tenant turnover can range from a few hundred to a few thousand dollars. It depends on several factors, like the notice given, the time the property is left vacant, the condition of the property, and the number of items that need to be replaced, cleaned, or repaired to get the property […]
27
Aug
Aug
Maryland is one of the dozens of states that have what is commonly known as a “repair and deduct” law on the books. Designed to protect tenants against negligent landlords, this law includes strict guidelines that dictate what types of repairs a property owner is responsible for. It also includes the steps tenants can take […]
26
Aug
Aug
There is no way to avoid the fact that mold spores are floating around your rental property at any given moment. It’s natural for mold spores, among many other contaminants, to be present in the air we breathe. However, when humid weather hits, and the climate dampens, these mold spores tend to flourish if not […]
17
Aug
Aug
First-time landlords are a unique group of people. Some are homeowners looking to upsize or downsize and want to lease their homes. Others are investors seeking ways to fund their retirement or quit their corporate jobs. Some may be accidental landlords who must turn their primary home into a rental property for one reason or […]
06
Aug
Aug
Are you a landlord wanting to learn about Business Interruption Insurance in Prince Georges County? You came to the right place! When owning a rental property (or properties), it is essential to consider all possible scenarios, especially those that could interrupt rental income. For instance, the COVID-19 pandemic was an unforeseeable crisis that caused many […]