One of the most important jobs of a property management company is to keep residents for as long as possible. Any time a property is vacant, the owner is losing money. Every time a tenant renews his or her lease, the landlord, management company, and occupants all benefit. You need to work hard to set […]
Author Archives: Bay Property Management Group
24
Jun
Jun
A question frequently asked by both tenants and landlords is what constitutes normal wear and tear on a rental property. Both parties of a rental agreement often have their own definitions of what “normal wear and tear” means, leaving much room for conflict at the end of a lease agreement. The term “normal wear […]
16
Jun
Jun
Renting out your Baltimore County home can be a very lucrative business move. Increased cash flow, potential tax benefits, appreciation over time, and even the flexibility to sell later on are just some of the reasons to consider renting your home. There are many steps you can take to prepare your home as a rental. […]
10
Jun
Jun
Whether you have a small operation with a single property manager handling your rentals in Maryland, you do it alone, or you use a property management group, there may come a time when you need to change your management approach. Maybe you don’t have enough free time to keep up with the responsibilities, or […]
08
Jun
Jun
How useful are tenant references & which ones should you request from prospective renters? Whether you are managing properties in Anne Arundel County, Baltimore County, or anywhere else in Maryland, screening potential tenants can be a time-intensive process. Nonetheless, it is absolutely necessary. Requiring references on rental applications allows you to verify information and […]
14
May
May
Taking Advantage of Property Management Services in Maryland Trying to decide whether you should work with a property management company or handle the properties on your own? Many Maryland investment property owners are unsure which management method would work best for their situation. Whether you have rental properties in Prince George’s County, Montgomery County, […]
21
Apr
Apr
So you are thinking about investing in rental properties but not exactly sure where to begin. What makes a great rental property anyway? Finding the right investment property can be overwhelming, especially for first-time landlords. Buying an investment property in Maryland is not the same as flipping a house or even buying a home. While […]
02
Apr
Apr
What Montgomery County Tenants Are Looking for in a Home Exterior For many renters in Montgomery County, the outside of a rental property is just as important as the interior. On nice days, tenants want to know that they can go out and spend time in the yard or enjoy a glass of wine […]
26
Mar
Mar
How to Improve the Quality of Baltimore County Rental Properties on a Budget Easy, short-term investments can radically improve your return on investment (ROI). Many property owners in Maryland may be reluctant to spend thousands of dollars on improvements, but if it leads to increased rent, the expense may be worthwhile. In addition, making the […]
6 Financial Considerations for Baltimore Property Management The key to receiving a return on your investment property is accurately recording income and expenses. From reporting incoming rental funds to calculating total expenses, the entire process can quickly become overwhelming for busy investment owners and/or those with multiple rental properties throughout the Baltimore area. With an […]