If you are a landlord, you understand that sometimes the hardest part of owning rentals is dealing with tenants. After all, your tenants may be renting your property, but they have made your property their home. As such, it’s understandable that conflicts may arise occasionally. However, the biggest mistake in dealing with tenant issues is […]
Author Archives: Bay Property Management Group
You don’t have to search for long to find horror stories about overbearing, unfair landlords and how they mistreat their tenants. Unfortunately, it’s a common problem. However, some landlords act that way because they constantly deal with difficult tenants, tenants who never pay rent on time, and tenants who damage their property. However, regardless of […]
Landlords need to prioritize risk management, which simply means predicting future risks to your financial well-being and working to minimize or completely eliminate them. Fact: Landlord risk management applies not only to Howard County landlords but to landlords all over Maryland and the rest of the United States. If you don’t run your rental property […]
Real estate investors are always looking to find their next investment property and the best way to finance it. Luckily, there are several options for investors to explore. If you want to expand your portfolio, this blog post is for you! Today, we’ll discuss nine investment property financing strategies for your next rental property and […]
Having one universal lease agreement satisfying every type of lease term possible would be great. However, in reality, every lease is different. So, while using a universal lease form is possible, it is important to note that whether you self-manage your rental property, or enlist the help of a property management company, there are going […]
Most apartment buildings provide private parking, which can be convenient for residents wondering where to park. However, parking in multi-family buildings can be tricky to manage. Property owners may face various types of parking options, such as surface lots, parking garages, and off-site lots. While each of these will help tenants avoid street parking, it’s […]
If you want to sell a rental property, you’ll have to prepare it for showings and advertising. However, you may also find that there is a major roadblock on the path to selling: someone is currently living there. However, this does not mean hope is lost. You can still sell the property if you work […]
Did you know that the average roof repair cost is $1,121, with most property owners spending between $386 and $1,873? That’s a lot of money for one property repair. Yet, having a sound roof on your Philly rental property is crucial to keeping your property and tenants safe and dry from the stormy weather that so often […]
Do you own a rental home in Baltimore County? If so, you probably know that although the county’s vacancy rate is at an impressive 5.89%, far lower than the state’s average of 6.49%, your home will sit vacant at one point or another for an extended period. That is simply the nature of owning a rental […]
New or novice rental property owners may find that being a landlord entails more than they bargained for. That said, enlisting the help of one of Gaithersburg’s top property management companies is the next logical step. However, you may be unfamiliar with the responsibilities of a property manager and just how much they can benefit property […]