A booming sellers’ market combined with an uncertain future for the rental industry has many owners questioning if now is the time to sell. Smaller landlords have been hit hard by the financial impact of the COVID-19 pandemic and subsequent eviction bans. As that ban now stretches to the end of June (maybe further), what […]
Category Archives: Owning a Rental Property in Virginia
04
May
May
The use of lead-based paint in residential housing has been illegal since 1978. Then, in 1992, federal and state governments created laws that aim to protect tenants against the potential health risks of lead paint. This is known as The Residential Lead-Based Paint Hazard Act. That said, enacting lead paint laws does not mean it […]
27
Apr
Apr
In theory, anyone could become a landlord. However, renting your investment property legally and successfully takes time, effort, and local knowledge. For many investors, the benefits of qualified property management services speak for themselves. After all, not every investor is prepared to organize repairs, comply with local laws, prepare marketing, or field those late-night maintenance […]
20
Apr
Apr
Learning how to rent your Virginia property is no simple task. Between following local regulations, handling repairs, and marketing to find the ideal tenant – a great deal of time is involved. Navigating these processes to get the most return on investment is key to your success as a landlord. So, follow along with us […]
16
Apr
Apr
When the relationship between an owner and property manager goes south, parting ways can prove complex. After all, if you signed a property management agreement, the terms of cancellation are not always up to you. That said, if the property management firm is not living up to what they promised, you may be well within […]
06
Apr
Apr
When it comes to the rental industry, a few key documents can be the difference between success or failure. One of those is the property management agreement. Surprisingly, many landlords and property owners are unfamiliar with what this contract entails. So, join us below as we answer the key questions: what is a property management […]
01
Apr
Apr
Cities and towns across our nation are finally trying to put the COVID-19 pandemic behind us. With that, Spring welcomes the return of many community events, cultural attractions, and fun family activities. Even with continued social distance modifications and required face masks, individuals are ready to head back out and enjoy the chance to return […]
25
Mar
Mar
When it comes to the eviction process, following the letter of the law is essential for landlords. Especially during these trying times recovering from the pandemic, every landlord must understand the process and restrictions involved in removing a tenant. Continue reading below as we break down the eviction process in Virginia, how it differs from […]
11
Mar
Mar
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! They each contribute something special to our property management company. Therefore, we […]
04
Mar
Mar
Many landlords who may have otherwise pursued a tenant eviction have so far not been able to due to COVID-19. However, is there an end in sight? At least for now, the federal government has extended the eviction moratorium for residential properties. Understanding changing regulations and executive orders are tough for landlords. After all, there […]