For many individuals, pets are just as much a part of their family as any blood relative. Whether or not your rental allows pets could significantly affect your qualified tenant pool in today’s rental industry. As a landlord, accepting pets is a big decision, and there are plenty of things to consider. Today our focus is […]
Category Archives: Property Management in Maryland
23
Aug
Aug
No one wants to hear the words “pest infestation.” This is a health hazard, but pests can also damage the rental property and cost hundreds to eradicate. So, as soon as you notice any pest or vermin, it must be dealt with as quickly as possible. That said, getting rid of unwanted pests is only […]
14
Jun
Jun
The dream of any landlord is to have multiple well-qualified applications vying for their rental listing. However, if that becomes a reality, how do you decide? While this can seem like a good problem to have, it puts landlords in a difficult spot. Additionally, any decision made must comply with Fair Housing Laws. So, if […]
19
Apr
Apr
Choosing the perfect tenant for your rental property is just one of the many decisions landlords must make before the move in. Most property owners are familiar with charging new tenants the first month’s rent and a security deposit. However, the question remains – should you collect last month’s rent as well? This is something […]
29
Mar
Mar
In a competitive rental market, every lead is vital. After all, a high tenant turnover rate can wreak havoc on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more […]
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 […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management in Baltimore County, Property Management in Maryland, Rental, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Calculating and Claiming Depreciation at Tax Time for Your Rental Property
02
Mar
Mar
When you invest in something as large as real estate, you want to get as much back at tax time as you can. Most people have heard of the main tax write-offs, like mortgage interest, insurance, and repairs. However, one of the most significant deductions for landlords is depreciation. Savvy investors who want to make […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Maryland, Property Management in Montgomery County, MD, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Balancing Human Interaction and Property Management Technology
23
Feb
Feb
In today’s day and age, rental property management technology is very prevalent and extremely useful. However, some landlords and tenants want to preserve human interaction. After all, human interaction is beneficial for both parties to better understand who they are dealing with. On the other hand, property management technology is also great because it helps […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Carroll County, MD, Property Management in Maryland, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
How To Fund Your Retirement with Investment Properties
17
Feb
Feb
When done correctly, rental property investments can be a profitable avenue for anyone to explore. In fact, using rental properties to fund your retirement has proven to be an excellent option for some people. However, investing in real estate takes a lot of time, money, and effort. So, if you’re interested in learning how to […]
Owning a Rental Property in Maryland, Property Management, Property Management in Baltimore County, Property Management in Maryland, Rental, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Handling a Tenant Death & A Deceased Tenants Belongings
10
Feb
Feb
Dealing with death is tough in any aspect, especially when it affects your business. If a tenant passes away unexpectedly while living in your rental property, it can be a confusing process to navigate. For example, you may not know what to do with a deceased tenant’s belongings, how to end the lease agreement, and […]