Everyday someone is moving into a community that has an organization overseeing various aspects of the neighborhood. And they come with letters. Sometimes it is an HOA. Other times it is a POA or COA. So what are all of these? What is the difference between an HOA vs. POA vs. COA… and how does […]
Category Archives: Property Management in Baltimore
Owning one or more rental properties can be a great way to make a living for you and your family. However, when you own a rental property, you must be prepared to make repairs and tend to maintenance requests to ensure a safe and habitable home for tenants. Working with licensed contractors is vital if […]
As a rental property owner, you must establish a strong relationship with your tenants. There are many benefits to this, including your tenant staying a long period of time, thus saving you the time and energy of having to look for a new tenant regularly. However, there is a fine line between having a strong […]
Every rental owner has a goal of making money with their properties. However, several factors can impact your income, and if you’re not diligent, it could result in your rental property underperforming. Today, we’re reviewing some of the signs to watch for, why your rental property may be underperforming, and how to improve your rental’s […]
When it comes to investing money, many of us hesitate, whether talking about buying stock, starting a business, or purchasing a property. And it’s not surprising because big money and your time, effort, and sometimes personal liability are involved. At Bay Property Management Group, we are no experts in the stock market or joint ventures, […]
Have you considered installing solar panels on your rental property? Solar panels can help tremendously whether you want to save on energy costs, lower your carbon footprint, or increase the value of your property. However, they come with a hefty price tag. So, are solar panels worth it in 2024? Read along as we discuss […]
If you’re planning on renting a property, knowing your rights as a tenant is crucial. Federal laws like the Fair Housing Act protect every tenant. However, there are several more state and local laws to be aware of to protect yourself as a renter. So, if you’re renting a property in Maryland, read along as […]
Requiring your tenants to have renters insurance coverage is one of the best ways to protect yourself, your rental property, and your tenants. Unfortunately, many tenants feel that renter’s insurance is not necessary. Only around 55% of renter-occupied homes have renters insurance, compared to 88% of homeowners who have a homeowners insurance policy. Today, we’re […]
Investing in rental properties can be tricky. Sometimes, you have to put yourself in a tenant’s shoes and make decisions based on what they might want in a home. After all, finding and keeping tenants is your number one goal as a rental investor. As such, choosing the right location is crucial in buying rental […]
The actual costs of tenant turnover can range from a few hundred to a few thousand dollars. It depends on several factors, like the notice given, the time the property is left vacant, the condition of the property, and the number of items that need to be replaced, cleaned, or repaired to get the property […]