Whether you are looking to purchase your lifelong home or buy property to rent, the first step is to learn about the investment process. Investing in real estate requires a decent understanding of the market and the required capital. With that, purchasing rental properties can be a great way to generate passive income and set […]
Category Archives: Owning a Rental Property in Virginia
30
Nov
Nov
In 2020 and 2021, the housing market saw some unusual activity, prices, and demand. So much so that many homebuyers taking advantage of record-low rates were simply priced out of the bidding war. In some cases, individuals and families chose to rent instead of buy due to a lack of affordable inventory. However, with 2022 […]
05
Nov
Nov
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 fantastic team members and how they each contribute something special to our property management company. […]
01
Nov
Nov
Renting an apartment is an exciting but potentially overwhelming new adventure. But what happens if your child, friend, relative, or acquaintance does not quite meet the minimum screening qualifications. In that case, they may ask you to be a cosigner. While this can seem like an automatic yes for some, individuals must understand their obligations. […]
29
Oct
Oct
Northern Virginia has a lot to offer residents, from its rolling countryside to pristine suburbs in close proximity to the nation’s capital. This versatile location draws a variety of renters including young professionals, government contractors, families, and students. So, with an influx of people flocking to the area and a rebounding housing market – Northern […]
Owning a Rental Property in Virginia, Property Management in Leesburg, Property Management in Loudoun County, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Property Managers, VA
7 Steps to Winterize Your Rental Property Before the Cold Weather Hits
14
Oct
Oct
The temperature is falling, and the ice and snow of winter are right around the corner. But, is your rental property ready? Cold weather can wreak havoc on a home causing frozen pipes, HVAC breakdowns, and other unexpected repairs. Thankfully, when landlords and tenants work together to prepare the rental for cold weather, many of […]
08
Oct
Oct
For over a decade, Bay Property Management Group has helped owners achieve their rental investment goals through comprehensive third-party representation. What began as a small firm specializing in single-family rentals has quickly expanded. Today, BMG serves clients across Maryland, Southern Pennsylvania, Washington DC, and Northern Virginia. With over 5,300 units under management, BMG could not […]
04
Oct
Oct
For already cash-strapped tenants, paying thousands of dollars in an upfront security deposit becomes a barrier to necessary housing. According to Paraag Sarva, CEO, and co-founder of Rhino, residential security deposits total $40 billion in just the U.S. market. But is there any alternative when a security deposit is vital to protecting the landlord and […]
23
Sep
Sep
Can landlords evict a non-paying tenant? This continues to be the question on millions of tenant’s and landlord’s minds across the country. Unfortunately, however, many landlords were left confused and frustrated by the changing, and sometimes contradictory, federal and state guidelines throughout the pandemic. In addition, emergency relief programs have struggled to get desperately needed […]
13
Sep
Sep
The leaves are turning, and it is time to explore all that Fall has to offer in beautiful Northern Virginia. While some COVID restrictions remain, many are eager to get out and enjoy the nice weather and Fall activities. Therefore, whether you are looking for a local brewery with friends or fun for the whole […]