So many opinions on how to be a successful real estate investor can be overwhelming to new owners. In 2021, investors looking to diversify their current portfolio or take advantage of passive income opportunities turn to real estate. Thanks to developing technology and professional management firms, it is now easier than ever to efficiently manage […]
Category Archives: Owning a Rental Property in Virginia
22
Jul
Jul
A rental property is only successful if a paying tenant occupies it consistently. Therefore, effective rental property marketing, along with thorough tenant screening, is vital. After all, every unoccupied day chips away at an owner’s overall profits. So, learning how to prepare for and manage vacancies should be a priority for landlords. Continue reading below […]
16
Jul
Jul
Kitchens are more than just the heart of a home; for rental properties, they are a huge selling point. That said, if your rental has an unstylish kitchen showing its age, you may wonder if it is holding your property back from its full profit potential. Unfortunately, full-scale kitchen renovations can set landlords back tens […]
12
Jul
Jul
The Center for Disease Control and Prevention (CDC) once again extended the national ban on evictions. What was supposed to expire on June 30th has now been pushed to July 31, 2021. In a statement made June 24th, the CDC said that this was intended to be the final extension of the orders meant to […]
02
Jul
Jul
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, […]
29
Jun
Jun
Tenant screening is a landlord’s best defense against potential problem tenants. However, it is also a process that opens property owners up to major liability if Fair Housing Laws are not carefully followed. In this day and age, lack of knowledge is not a defense. So, landlords must learn and adhere to all federal, state, […]
23
Jun
Jun
Part of being a successful landlord is adhering to regulations and all federal, state, and local laws. This can be a complex and confusing task for even the most seasoned investors. However, failing to comply means facing potential fines, loss of license, or expensive litigation. Continue reading below as we highlight the rental property compliance […]
16
Jun
Jun
Eviction is a scary word for any landlord. However, what’s worse is when you find out the people living in your rental never had a lease in the first place! When that occurs, or when there is an unauthorized occupant – you have squatters. A common misconception is these individuals have no rights because they […]
10
Jun
Jun
It is safe to say that the COVID-19 pandemic changed the rental industry in many ways. While some regulations were in response to the economic and public health crisis, many restrictions and questions still linger now that things are returning to normal. Landlords across the United States have struggled to keep up with mounting back […]
01
Jun
Jun
The short- and long-term rental markets continue to be a booming industry with plenty of opportunities for savvy investors. However, when it comes to making your rental stand out, many owners are left wondering – to furnish or not to furnish? When it comes to deciding between furnished vs. unfurnished units, weighing the pros and […]