One of the risks of being a landlord is having tenants who don’t pay their rent. However, when a tenant files for bankruptcy, it creates a different set of issues. Bankruptcy can disrupt everything from collection efforts to the ability to evict a delinquent tenant. However, it is possible for a landlord-tenant relationship to survive […]
Author Archives: Bay Property Management Group
As a landlord, you’re pulled in different directions every day. You have to handle tenant requests, keep up with important business documents, market your properties to find new tenants, and more. If you don’t have the right rental property technology in place, it can get overwhelming—fast. So today, we’re going to talk about seven ways […]
High-quality flooring is one of the most important amenities you can offer your rental property tenants. There are many options, and depending on your specific needs you might choose one or several available options. Knowing the different types of flooring you can place in your rental will help make your property as visually appealing as […]
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, […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]