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 […]
Category Archives: Property Management in Baltimore
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 […]
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 […]
02
Nov
Nov
Rent increases are a normal and even expected part of any rental property business. Moreover, unless local law includes rent control policies, landlords are free to increase the rent as they see fit. While the goal for all investors is to make money, relying on rent increases to do so can easily backfire. Instead, […]
15
Sep
Sep
Whether it is a change in job, change in circumstance, or just the desire for new surroundings – there are many reasons why people move. That said, for tenants in a rental property, moving is not as simple as picking up and getting out. In fact, each lease agreement will have specific requirements for providing […]
17
Aug
Aug
How to purchase rental properties largely depends on an investor’s individual financial situation and is often a matter of personal preference. Some investors prefer to finance and leverage money to be used elsewhere, including financing additional properties, and some prefer cash transactions. If you have a stockpile of funds to purchase in cash, there are many benefits […]
20
Jul
Jul
Upwards of 70% of today’s renters own a pet, yet finding accommodating housing can prove challenging. For landlords, accepting pets comes with some inherent risk, yet not accepting them severely limits the pool of prospects. That said, allowing pets requires landlords to create strict policies and require extra fees to help protect your valuable investment […]
08
Jul
Jul
When it comes to marketing, many things can draw attention to your property. Of course, online ads are essential for your rental property, but even the best rentals sometimes need a little something extra to get tenants to commit to a lease. That said, moving is expensive, and therefore offering free money is always a […]
25
Jun
Jun
You cleaned your rental and ensured everything is in working order before move in – but is that enough? Even if your rental is in tip-top shape, landlords must conduct a thorough move-in inspection. In turn, this protects themselves, the property, and the tenant. A rental move-in inspection is critical to evaluating tenant damage at […]