When it comes to choosing the right investment, real estate is on the top of many people’s lists. However, the large expense to buy a property and potentially renovate it can seem daunting. In fact, many investors shy away from income property due to the need for so much capital upfront. But did you know […]
Category Archives: Owning a Rental Property in Virginia
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 […]
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 […]
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 […]
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, […]
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, […]
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 […]
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 […]
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 […]
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 […]