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 […]
Category Archives: Owning a Rental Property in Maryland
08
Apr
Apr
Few words can conjure anxiety in landlords faster than “vacancy.” Especially as many landlords struggle to recover from the pandemic, every rental dollar counts, and vacancy is a costly endeavor. So, properly preparing for tenants to inevitably vacate and maximizing the tools at your disposal are the keys to success. Continue reading below as we […]
29
Mar
Mar
When it comes to rental properties, curb appeal is the first chance to make a great impression on future tenants. A fresh, colorful, and well-maintained exterior makes a unit instantly more desirable. Therefore, as Spring unfolds before us, it is the perfect time to evaluate your property’s landscaping. So, join us as we reveal our […]
22
Mar
Mar
As more and more Baltimore residents receive the COVID-19 vaccine, the hope is that life may soon return to normal. That said, anyone involved in the rental industry will likely feel the pandemic’s effects long after it is gone. Many tenants in Baltimore City have lost hours or employment altogether, making it difficult to make […]
One of the most exciting times for landlords is when you have secured a tenant, and they are ready to move in! Now begins the process of completing the lease, collecting the security deposit, and obtaining the first month’s rent. However, if you are not lucky enough to have tenants move in on the first […]
17
Feb
Feb
Investing your hard-earned money in any venture takes planning and a calculated amount of risk. However, with risk comes reward, and real estate investment can prove profitable for investors willing to do their homework. Seasoned investors know that the formulas for rental home investment, along with the right people on your side, are the recipe […]
16
Feb
Feb
Disputes over a tenant’s security deposit can cause stress and even court battles for property owners. That said, handling a security deposit is not as simple as collecting the amount you want and keeping it to cover any repairs at the end of the lease. Instead, careful preparation, a legal lease, and knowledge of the […]
12
Feb
Feb
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 awesome team members and how they contribute something special to our property management company. Therefore, […]
10
Feb
Feb
Investing in real estate is a fantastic way to collect passive income and build long-term wealth. However, if you are new to the industry, it can be daunting even figuring out where to start. Thankfully, successful investors, real estate moguls, and financial professionals share their knowledge in books that any potential landlord can benefit from. […]
05
Feb
Feb
As a lease comes to an end and tenants vacate, it is time to go through finding new tenants all over again. Part of a landlord’s job is to complete a move out inspection to determine tenant damage. However, what happens when you inspect the residence and find that the property’s tenant left personal items? […]