Owning rental property can be a lucrative investment, but only if managed effectively. As the rental industry grows, more investors are looking to this sector for passive income opportunities. However, with reward comes a certain amount of risk. While valuable tips for new landlords are everywhere, a crucial part of success is understanding what not […]
Author Archives: Alyssa Adams
At Bay Property Management Group, we are property management professionals focused on customer service. Furthermore, our goal is to make property ownership both a pleasurable and profitable experience for our clients. We know that our success is due to our fantastic team members and how they each contribute something special to our property management company. […]
The first deep freeze of the year is right around the corner. Cold weather brings several hazards, including frozen pipes which can lead to devastating repairs. Not to mention, this is a massive inconvenience for both tenants and landlords. That means as an owner, ensuring tenants have properly winterized the property should be a top […]
As costs of everyday goods and services continue to rise, many tenants and landlords seek to trim expenses anywhere they can. For landlords, making your rental property more energy efficient does not have to be an expensive overhaul. In fact, small changes can make a significant impact on utility costs. So, join us below as […]
Renting an apartment is an exciting but potentially overwhelming new adventure. But what happens if your child, friend, relative, or acquaintance does not quite meet the minimum screening qualifications. In that case, they may ask you to be a cosigner. While this can seem like an automatic yes for some, individuals must understand their obligations. […]
Northern Virginia has a lot to offer residents, from its rolling countryside to pristine suburbs in close proximity to the nation’s capital. This versatile location draws a variety of renters including young professionals, government contractors, families, and students. So, with an influx of people flocking to the area and a rebounding housing market – Northern […]
Real estate markets across the country, including Washington DC, have seen drastic changes throughout the COVID pandemic. As housing prices soared out of reach, individuals turned to the rental market to fill the gap. As a result, some areas saw significant vacancy spikes after financially impacted renters fled the cities. However, Washington DC continues to […]
Children young and old look forward to Halloween festivities every year. The candy, the costumes, and the crisp Fall weather draw crowds to both public events and neighborhood trick or treating. However, as COVID concerns continue, especially among young children, what can families do to be safe and still enjoy Halloween this year. Join us […]
Tobacco, e-cigarettes, and now, recreational and medical marijuana are all things landlords need to address when adopting rental smoking policies in their investment properties. While keeping tenants happy is a priority, so is the health and well-being of other tenants as well as the property itself. That said, smokers are not protected under the Fair […]
Nowadays, most tenants and landlords have heard of renters insurance, but how many understand why it is vital to the industry? Renters insurance is easy to get, cost-effective, and integral to protecting a tenant’s personal property as well as against certain types of liability. More and more, landlords realize the benefits to both sides and […]