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 […]
Category Archives: Owning a Rental Property in Maryland
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 […]
08
Sep
Sep
Confusion, frustration, and fear are all words that could easily describe the ever-changing COVID-19 eviction moratorium. As the months’ tick by, both landlords and tenants face uphill battles of a different kind. Plus, navigating the laws and relief program requirements can prove daunting. As the Federal Eviction Moratorium issued by the CDC expired, states and […]
02
Sep
Sep
Purchasing rental property as an investment takes planning, decisiveness, and available capital to move quickly on a great deal. However, many investors face the same issues as new homebuyers – a lack of inventory. In addition, as the market across the country has become more and more competitive, investors are looking at property opportunities that […]
27
Aug
Aug
Being a landlord is no easy task. While it definitely has its benefits, sometimes the negatives outweigh the positives. Managing the day-to-day rental properties can be a demanding, time-consuming job that can take over your life. If managing your investment has started to feel like a burden, you may already be looking for a solution. […]
20
Aug
Aug
For students in Prince George’s County and across Maryland, the first day of the 2021-22 school year is approaching quickly. Prince George’s County recently announced its plan to return to in-person learning ahead of a September 8th start date. After a year of virtual classes, students, teachers, and parents will have to readjust to schedules, […]
16
Aug
Aug
Imagine going through all the trouble of marketing, properly screening tenants, and signing leasing documents, only to discover unwelcome occupants in your rental property. As a landlord, understanding who a tenant is, who is a guest, and who is an unauthorized occupant is essential. Furthermore, knowing your rights as a landlord can help deal with […]
11
Aug
Aug
The notion of accepting tenants with a Housing Choice Voucher may seem complex or confusing to some landlords. While there is a necessary process to go through along with some downsides, accepting Section 8 tenants comes with a list of benefits too. As affordable housing becoming harder and harder to find, expanding your tenant pool […]
10
Aug
Aug
The benefits of a working smoke detector are not hard to imagine. During a five-year period in the US alone, departments responded to over 350,000 residential fires. Whether accidental or intentional, dwelling fires are a significant risk to the safety of occupants, neighbors, and emergency services. In Maryland, new state laws several years ago aimed […]
05
Aug
Aug
In a competitive rental market, landlords have to make every effort to gain the attention of prospective tenants. With capturing the market share as a goal, evaluating employment rates, neighborhood growth, along with rental supply and demand are all key factors to an investor’s success. Today we take a look at a few essentials to […]