When a landlord needs a tenant to vacate for any reason, getting them out is not always as easy as it sounds. Many property owners wonder if there is any other alternative to eviction. Unfortunately, the formal process of evicting a tenant can be lengthy and costly for landlords. The good news is, there are other […]
Author Archives: Bay Property Management Group
01
Dec
Dec
Owning a rental property is a great way to build long-term wealth through passive income. As interest rates continue to stay at near-record lows, now is the time to consider an investment. Home values are rising across the country which creates a need for affordable rental housing. Renting is a desirable lifestyle for many generations […]
24
Nov
Nov
Nowadays technology has made communicating with people a cinch. Contacting friends, family, employees, and even customers has never been easier. And the same holds true for your Rockville tenants. With so many different ways of communicating with your tenants, issues can be resolved quickly and effortlessly. Utilizing the different methods of communication, you can achieve […]
16
Oct
Oct
Vacancy; a costly and scary word for landlords everywhere. While there are many steps owners can take to fill their property quickly, including effective marketing and competitive pricing, sometimes prospects need an added push. Move-in specials or incentives give landlords a competitive edge over the local competition. Moving can be expensive, and renters look […]
15
Oct
Oct
Setting rental rates for your investment property is integral to obtaining a good ROI. However, determining the rental price is not solely up to the owner. Actually, setting the right rent depends on several factors and considerations to best suit your goals. So, below we help you better understand how to set the rent, […]
14
Oct
Oct
Screening tenants for your rental property is one of the most crucial tasks of a landlord. Applicant screening is a property owner’s first and best defense against troublesome tenants. Generally speaking, the applicant screening process can be broken down into several components – Pre-Screening, Application, Income Verification, Credit Check, Criminal Background, plus Rental History, […]
14
Oct
Oct
Throughout the rental industry, great tenants are worth their weight in gold. Whether it is paying on time, quickly reporting issues, or showing general respect for your property, these are the occupants you want to find and keep as a landlord. But as the rental housing market grows more and more competitive, keeping those great […]
09
Oct
Oct
For decades in Baltimore City, landlords and tenants have been aware of lead paint regulations and laws. However, there is another growing problem invading homes throughout the city, mold. If you own or manage rental homes in the Baltimore City area, mold growth can quickly become costly. Mold issues leave you with not only […]
08
Oct
Oct
Real estate is a profitable business for savvy investors in the know. That said, tackling the complicated purchasing process alone is not an excellent way to start. The help of a qualified realtor provides necessary legal and market information every investor can benefit from. So, how do you know if you are working with the […]
07
Oct
Oct
Calling all fans of a good fixer-upper! If you are looking to purchase a rental property that needs a little extra TLC and have noticed that the lenders become stricter with approvals, you are not alone. In addition to a large down payment, exceptional credit, and all of the other hoops you must pass […]