At Bay Property Management Group, our mission is to provide exceptional property management services while fostering an environment of growth and success for our team members. In this month’s Employee Spotlight, we’re thrilled to introduce Brian Rife, Property Inspector for our Northern Virginia office. Brian brings nearly 16 years of industry experience and a veteran’s […]
Category Archives: Owning a Rental Property in Virginia
13
Aug
Aug
Real estate tends to appreciate over time, and that’s one reason so many investors trust it. But what happens when the market slows down or values stay flat for a while? As a smart investor, you don’t have to sit back and wait. There’s another strategy called forced appreciation. Yes, it’s a real thing in […]
26
Feb
Feb
There are many ways to assess the success of a rental property, but one of the most effective, tried-and-true ones is the rental yield. This tool helps investors determine how much income a property generates in relation to its cost. In turn, this offers a clear, succinct snapshot of a property’s profitability. In this article, we’ll […]
08
Jan
Jan
If you need extra income, renting out a spare room can be a great solution. However, it’s not as simple as it looks. There are several things you need to consider before moving forward, especially since the tenant will be sharing your home. By renting out a room, you can help cover your mortgage, property […]
27
Dec
Dec
Wondering, can HOA evict you? Understanding how Homeowners Associations (HOAs) work is essential for tenants living in HOA-managed communities. While HOAs play a role in maintaining property standards, can they kick you out? The answer might not be as simple as it seems. From rule enforcement to legal actions, there are situations where HOA decisions […]
23
Dec
Dec
With a mix of fascinating museums, historic landmarks, scenic outdoor spots, and lively attractions, Northern Virginia offers endless opportunities for all ages. Thinking about visiting or already exploring the area? Get ready for an adventure! In today’s article we take a closer look at some of the must-see places to visit and things to do […]
11
Dec
Dec
As a landlord, finding ways to boost rental revenue is always a top priority. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply […]
15
Nov
Nov
Owning rental property can be confusing at times. Having a property manager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. Maintenance is certainly one […]
23
Aug
Aug
For every great landlord, there are infinitely more horrible ones. Thus, tenants must be vigilant when selecting their next rental home. While location, size, price, and amenities are significant aspects to searching for the right place, tenants are not just renting a home; they are entering a long-term relationship with the landlord. So, it is […]
21
May
May
Are you trying to decide between investing in a single-family vs multi-family property? We understand that this choice is crucial. It’s not just about picking a property, but it’s about finding the right match for your money goals, your way of investing, and how you see your money growing in real estate. In this guide, […]