Being an out-of-town landlord presents a unique set of challenges. For instance, not only do you have to handle typical landlord tasks like performing inspections, responding to emergencies, and screening tenants properly – you have to do it all without the ability to travel to your property as needed easily. But don’t let that stop […]
Author Archives: Bay Property Management Group
27
Jun
Jun
Customer service is one of the most important aspects of running any business. If customers do not feel their needs have been addressed or their concerns heard after a service or sale, the business will not likely see returning customers. Similarly, if customers cannot quickly access solutions to problems or concerns, they will likely grow […]
23
Jun
Jun
The average rental rates continue to rise nationwide, and the percentage of people living with someone other than their spouse or partner also continues to increase. As such, it is important for property owners to understand what it means to lease their rental property to roommates. Today, we will discuss five crucial things landlords should […]
13
Jun
Jun
At Bay Management Group, we know that an unoccupied rental property, in the best-case scenario, is a wasted opportunity. In most cases, however, it’s a money pit that swallows your mortgage payments with no return on investment. That’s why it is important that you find a tenant as fast as possible to start profiting from […]
01
Jun
Jun
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 […]
22
May
May
If you own a rental property in Philly, you might know that over a quarter of your state’s population is comprised of millennials. As such, marketing your vacant rental properties specifically to millennials should be a priority. Today, we’ll go over why you should market your Philly rental to millennials and how to highlight your rental’s best features. […]
16
May
May
As a landlord, it’s easy to worry about a crime occurring at your property, especially if you own a property in an area where crime is common (like the Brooklyn Park area of Anne Arundel County). Not only could your tenants feel unsafe or become injured if you fail to prevent crime – your property […]
09
May
May
Attracting higher-paying tenants for properties with higher monthly rent can be challenging, but it’s worth the investment. Such tenants require higher-quality properties, better advertising, and a strategic selling process. Additionally, landlords may need to adjust their rental property business to appeal to them. To learn more about attracting higher-paying tenants and keeping them in your […]
21
Apr
Apr
At Bay Property Management Group, we often get questions from our clients asking for advice about pet policy. For example, should you allow pets in your rental property? There are both pros and cons of allowing pets on your income property, and we are here today to help you make a more informed decision. So, read […]
12
Apr
Apr
Whether saving for college, retirement, or just some rainy day spending money, many individuals are looking for ways to build an investment portfolio. Investing provides several opportunities to make money and potentially build long-term wealth. However, if you’re looking to invest in rental properties, there are several factors to consider if you want your business […]