When you own a rental property business, there are several expenses you must account for. Some of the most common rental property costs include insurance, taxes, and maintenance. However, sometimes landlords encounter unexpected rental property costs that negatively affect profits. So how can you avoid running into hidden rental property costs? Here’s what you need […]
Category Archives: Property Management in Baltimore
12
May
May
Everyone wants the chance to secure long-term wealth and retirement funding. For investors, that may encourage you to experiment with new investment strategies. Buying one rental property per year is an investment strategy that leads several landlords to financial success. However, it’s important to make smart investing steps to get there. Here’s how you can […]
13
Apr
Apr
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 incredible team members and how they each contribute something special to our property management company. […]
12
Apr
Apr
Are you a frustrated tenant or landlord wondering what government officials can do to help the ongoing housing crisis? Luckily, some officials are stepping up and making changes. Recently, Baltimore Mayor Brandon M. Scott has announced that he’s directing $100 million towards neighborhood revitalization, tenant protections, and affordable housing in Baltimore. However, where is this […]
30
Mar
Mar
Whether you’re moving to a new city for school or want a chance to start over in a new town, finding a roommate or two has its perks. Finding a trusted roommate can help you become familiar with your new city while saving money on rent and utilities. If you’re wondering about the benefits of […]
14
Mar
Mar
The property management industry offers many opportunities for financial and professional growth. That said, to become a successful property manager, you must stay determined, organized, and professional throughout your career. If you’re wondering what it’s like to manage properties at Bay Property Management Group, read along while we go over the daily tasks and responsibilities […]
01
Mar
Mar
Top 5 Reasons Tenants Sue Rental agreements are legally binding contractual “agreements” between two parties, the landlord and tenant. That said, landlords should be aware that while many laws are protecting the rights of property owners, tenants also have rights. These tenant rights protect renters against overbearing or illegal landlord actions. Therefore, understanding the reasons […]
03
Feb
Feb
As a landlord, you’re pulled in different directions every day. You have to handle tenant requests, keep up with important business documents, market your properties to find new tenants, and more. If you don’t have the right rental property technology in place, it can get overwhelming—fast. So today, we’re going to talk about seven ways […]
11
Jan
Jan
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 each contribute something special to our property management company. […]
08
Dec
Dec
When you are a rental property owner, it’s essential to keep updated with your tax responsibilities. Real estate investors are expected to report their total rental revenue on their tax returns at the end of each year. During this time, investors must declare all payments they receive from tenants as rental revenue. From there, property […]