Choosing the perfect tenant for your rental property is just one of the many decisions landlords must make before the move in. Most property owners are familiar with charging new tenants the first month’s rent and a security deposit. However, the question remains – should you collect last month’s rent as well? This is something […]
Author Archives: Bay Property Management Group
05
Apr
Apr
When you are renting an apartment, so many things can contribute to a bad overall experience. A big one is poor or mismanagement. This can be in the form of landlord negligence or a bad property management company, but both add stress to the rental relationship. Below we will take a look at tips for […]
29
Mar
Mar
In a competitive rental market, every lead is vital. After all, a high tenant turnover rate can wreak havoc on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more […]
09
Feb
Feb
Are you looking to finance your rental property and join the increasing ranks of people in the rental property business? Well, the first thing you are going to have to do before officially becoming a landlord is to figure out financing for the property you are interested in leasing. Wondering How You Can Finance Rental […]
08
Nov
Nov
Nowadays, modern renters expect amenities that offer convenience, efficiency, added security, and enhanced comfort. As the industry becomes increasingly competitive, “smart” technology is at the top of many tenants’ list of desires. Therefore, by strategically installing smart devices in a rental, landlords can turn that property into a smart home. Thus, increasing its value and […]
02
Nov
Nov
Rent increases are a normal and even expected part of any rental property business. Moreover, unless local law includes rent control policies, landlords are free to increase the rent as they see fit. While the goal for all investors is to make money, relying on rent increases to do so can easily backfire. Instead, […]
20
Oct
Oct
Every renter has a list of things they would love to have in their next rental home. Sitting high on that list is a beautiful kitchen. Unlike other rooms on the property, there is a lot that can be done to personalize and customize a kitchen. Thus, this area can quickly change the whole style […]
15
Oct
Oct
Without a doubt, 2020 and 2021 have been a struggle for many landlords. The COVID pandemic caused disruptions in rent payments and evictions for non-paying tenants. Even though the government did step in to try and provide rent relief, many landlords are still left holding the bill, owed thousands in back rent. The pandemic […]
22
Sep
Sep
Normal wear and tear are something every landlord must deal with at one point or another. On the other hand, handling tenant damage is a different process entirely. In many cases, determining the difference between normal wear and tear versus tenant damage is a fine line. In addition, this can be a significant source […]
27
Aug
Aug
Being a landlord is no easy task. While it definitely has its benefits, sometimes the negatives outweigh the positives. Managing the day-to-day rental properties can be a demanding, time-consuming job that can take over your life. If managing your investment has started to feel like a burden, you may already be looking for a solution. […]