If you’re a landlord, you know rental application rejections are part of the process. While it’s never fun to deny a tenant, you always want to make sure your property is in good hands. That said, you can’t reject an applicant for no good reason. Being fair, professional, and compliant throughout the process is crucial. […]
Category Archives: Property Management in Howard County, MD
The visual appeal of your rental property’s interior is what makes your tenants feel at home in their place of temporary residence. A nice-looking rental also helps yield high rent rates and top-notch tenants who pay on time. As a property owner, you will undoubtedly have to paint your rental property at some point. After […]
Everyone knows that to start buying investment properties, you typically need a sizable down payment. Yet, this can sometimes prove difficult. What if you are just starting out and don’t have your first rental property yet? Don’t worry. Today, we will look at some of the budget-friendly ways to save up for your first rental property. How […]
You don’t have to search for long to find horror stories about overbearing, unfair landlords and how they mistreat their tenants. Unfortunately, it’s a common problem. However, some landlords act that way because they constantly deal with difficult tenants, tenants who never pay rent on time, and tenants who damage their property. However, regardless of […]
Landlords need to prioritize risk management, which simply means predicting future risks to your financial well-being and working to minimize or completely eliminate them. Fact: Landlord risk management applies not only to Howard County landlords but to landlords all over Maryland and the rest of the United States. If you don’t run your rental property […]
Going green is not just a real estate fad these days. As the times change, people want to adapt to them. Homeowners, rental tenants, landlords, and even property management groups have adopted the practice of being environmentally friendly. Many tenants now prioritize landlords who are climate-friendly, so it has become a way to stand out […]
Updated 6/26/24 by Bay Property Management Group When property maintenance is necessary, many landlords are tempted to do all the home repairs themselves. However, sometimes this can defeat the intended purpose of economic efficiency. Surprisingly, it can be more expensive to do the home repairs yourself than simply hiring a professional to complete the work. […]
Updated 5/22/24 by Bay Property Management Group Buying a rental property takes careful consideration and a lot of research. It’s also a significant investment, meaning you must have the right capital or financing plan to purchase it. With such a large investment, it’s important to know what to look for in a rental property and […]
If you’re planning on buying real estate, whether it’s for a rental property investment, business venture, or a new home, it’s important to know how to determine the true value. Knowing how much the property is worth can help you decide how much you should pay for it. Today, we’ll go over some of the […]
If you’re looking to finance a fixer-upper, there are several loan options to consider. For instance, you could take out a traditional mortgage for the home and fund the renovations yourself, use a hard money loan, or explore an FHA 203(k) loan. Many fixer-upper homebuyers choose the Federal Housing Administration’s 203(k) loan to combine the […]