Laws at the federal, state, and local levels govern landlords and all aspects of the rental industry. That said, the goal of these regulations is to ensure tenants have a safe and habitable rental home. For landlords, navigating inspections and rental compliance requirements is a vital yet daunting process. Additionally, each jurisdiction may have different […]
Category Archives: Owning a Rental Property in Maryland
12
Nov
Nov
The rental application and subsequent tenant screening questions are a landlord’s first defense against troublesome tenants. That said, many landlords do not know what they can or what they should ask to secure the best occupant. After all, landlords must be mindful not to violate any Fair Housing Laws with their screening criteria. So, join […]
03
Nov
Nov
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 […]
15
Oct
Oct
Without a doubt, 2020 and 2021 have been a struggle for many landlords. The COVID pandemic caused disruptions in rent payments and evictions for non-paying tenants. Even though the government did step in to try and provide rent relief, many landlords are still left holding the bill, owed thousands in back rent. The pandemic […]
11
Oct
Oct
The thought of accepting a tenant with a Housing Choice Voucher may intimidate some landlords who are unfamiliar with the process or guidelines. As with any decision, landlords have, there are downsides. However, as affordable housing continues to be harder and harder to find, property owners may find several advantages to participating in the program. […]
06
Oct
Oct
The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]
30
Sep
Sep
The COVID pandemic and resulting eviction moratoriums changed the dynamic between many tenants and landlords. While restrictions ramped up, the government stepped in to provide emergency relief to those facing financial hardship due to COVID. Both the CARES Act and American Rescue Plan Act promised crucial funding, but so far, only a tiny fraction has […]
24
Sep
Sep
At one point, cookie-cutter hotels and motels were a traveler’s only option – but those days are gone. The rapidly growing short-term vacation rental industry offers travelers nearly endless possibilities. Thus, this multi-billion-dollar industry has attracted the attention of rental investors looking to cash in on this latest trend. However, owning short-term rentals includes some […]
14
Sep
Sep
Operating a rental business requires owners to establish many different processes to remain organized and efficient. Of these, one of the most vital is financial record keeping. That said, failing to maintain organized data as your portfolio grows can quickly become overwhelming and spell disaster. For landlords, choosing the right bank for your business is […]
09
Sep
Sep
. 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. In fact, each employee contributes something special to our property management […]