You cleaned your rental and ensured everything is in working order before move in – but is that enough? Even if your rental is in tip-top shape, landlords must conduct a thorough move-in inspection. In turn, this protects themselves, the property, and the tenant. A rental move-in inspection is critical to evaluating tenant damage at […]
Author Archives: Bay Property Management Group
24
Jun
Jun
The goal of any rental property business is to generate sustainable income and profit. However, even as the profits begin to roll in, it is important to plan for every contingency. Most rental markets experience some ebb and flow throughout the year. So, careful financial planning will ensure you save exactly what you need to […]
09
Jun
Jun
One does not have to look hard to find negative posts, reviews, and forum threads about bad landlords. In fact, it is easy to understand why a person who a landlord has mistreated would negatively stereotype them. That said, there are plenty of ways landlords can mistreat tenants, such as overcharging, neglecting maintenance, ignoring phone […]
02
Jun
Jun
Sadly, confrontation is occasionally a given part of being a landlord. Furthermore, understanding how to deal with confrontation professionally and effectively does not always come naturally to rental owners. In fact, dealing with confrontation is something most people try to avoid at all costs. However, if you do not already employ the area’s best property […]
27
May
May
Over 110,000,000 residents live in rental housing throughout the United States. In Maryland alone, 33.17% of households were renters, according to census data. That’s a lot of renting responsibility meaning there is a definite need for property management firms to exist. But, with so many management companies out there, how do owners know which is best? […]
14
May
May
Improving or renovating your rental property is a great way to boost overall return on investment. Thus, not only helping to justify higher monthly rates but allow you to place higher quality tenants in your property. Furthermore, thoughtful upgrades can increase your property’s resale value. Understanding your rental property’s ROI will help you evaluate how […]
12
May
May
Most people have heard of a mother-in-law suite, but did you know that homeowners are now turning these into income units? Its name comes from the fact that these units were traditionally designed to house aging family members or guests. However, for homes with a mother-in-law suite, this is a valuable living space. That said, […]
15
Apr
Apr
Some landlords get nervous when they hear the words “self-employed” or “freelancer.” Indeed, approving a self-employed rental applicant can prove to be a tricky process for landlords. That said, there are great income opportunities for self-employed individuals. However, for landlords, the challenge becomes finding ways to verify income stream when there is no verifiable employer […]
13
Apr
Apr
If your rental property has a yard, chances are it could benefit from a little sprucing up this Spring. While a properly maintained and stylish interior is key to attracting renters, it is curb appeal that makes the first impression. Therefore, if your landscaping is looking a bit worse for wear, now is the time […]
18
Mar
Mar
There are many benefits to employing a qualified property management firm to manage a rental portfolio. In particular, property managers serve as the middlemen between owners and tenants. After all, a landlord’s goal is to rent the property in hopes of turning a profit but keeping tenants happy is a big part of that equation. […]