For many reasons, living close to your rental investment property may not be possible. While living close by does make things easier, being a long-distance landlord can work if you are prepared. Modern technology and services allow investors to purchase property anywhere to get the most out of their portfolios. Join us below as we […]
Category Archives: Owning a Rental Property in Maryland
14
Jul
Jul
As a landlord, success often hinges on receiving timely and complete rental payments. Therefore, creating comprehensive rent payment policies will help streamline operations and ensure you have the best chance of receiving all payments due. So, join us below to review how to create rent payment policies and some software options to make a landlord’s […]
06
Jul
Jul
Water issues in a rental property are more than just an inconvenience. In fact, water can lead to extensive damage, mold growth, health hazards, and expensive repairs if not immediately addressed. That said, when a pipe burst and water is pouring into your home, it is easy to become overwhelmed. So, knowing how to find […]
24
Jun
Jun
The goal of any rental property business is to generate sustainable income and profit. However, even as the profits begin to roll in, it is important to plan for every contingency. Most rental markets experience some ebb and flow throughout the year. So, careful financial planning will ensure you save exactly what you need to […]
18
Jun
Jun
The effects of the COVID housing crisis will be felt in the rental industry for years to come. While new legislation protected tenants from unpaid rent evictions, landlords with non-paying tenants found little relief or sympathy for their own financial wellbeing. As current orders are set to expire, the day of reckoning is coming. So, […]
17
Jun
Jun
As a landlord, your rental property will go through many different types of inspections – all of which play an important role. In the rental industry, the longer a unit sits vacant, the more money the owner loses. Therefore, making sure your rental is ready for marketing and an efficient lease process is key to […]
14
Jun
Jun
Most people have heard of staging homes for sale – but what about homes for rent? Staging a rental property is a step often overlooked by landlords. Whether it is cost-prohibitive or just viewed as unnecessary, most property owners think their home will attract enough quality applicants without it. However, keep in mind that renters […]
11
Jun
Jun
When it comes to return on investment, it is hard to beat a freshly painted rental interior. That said, many landlords are unsure how much something like a paint refresh should cost. Moreover, how often does a rental need a complete repaint? Finally, which paint is the best to mitigate the added wear and tear […]
08
Jun
Jun
The weather is heating up, COVID restrictions are easing, and summer fun is back in Baltimore County. Whether you hope to see your favorite band or find activities for the whole family, the coming months have plenty to offer. So, to help fill your calendar, check out this list of summer activities in Baltimore below. […]
07
Jun
Jun
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 each contribute something special to our property management company. […]