6,000Units Under Management
Less Than 1% Eviction Rate
Avg. Time Rental Is on Market 23 Days

Category Archives: Property Management in Maryland

When to Do Home Maintenance Yourself or Trust the Professionals

Updated 5/20/24 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.  […]

5 Avoidable Mistakes Landlords Make with Rental Agreements

Having one universal lease agreement satisfying every type of lease term possible would be great. However, in reality, every lease is different. So, while using a universal lease form is possible, it is important to note that whether you self-manage your rental property, or enlist the help of a property management company, there are going […]

9 Ways to Be a Good Landlord to Your Tenant

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 […]

9 Questions You Should Ask When Interviewing a Property Manager

Are you tired of handling your day-to-day landlord responsibilities on your own? If so, you’re likely considering hiring a property manager to help make your rental property business less demanding. However, if you choose the wrong property manager, your decision could backfire, making your job as a landlord even more stressful. That’s why it’s important […]

How to Conserve Water and Energy in Your Rental Property

Water and energy conservation are at the forefront of many peoples’ minds. As the cost of energy continues to rise, major droughts are also becoming a real threat in regions all across the country. Thus, as the number of people wanting to become environmentally friendly with their daily activities increases, it is important as a rental property […]

What are the Hidden Costs of Being a Landlord?

Being a landlord seems easy from the outside looking in. All you have to do is buy properties and find tenants to live in them, right? Unfortunately, no. Much more goes into it, including time, money, management skills, and more. Landlords have several expenses to consider aside from the price of buying investment properties. Today, […]

When to Consider a Rent Increase

Did you know that the country’s rent index increased at an annualized rate of 3.6% in 2017? At the time, that was a significant increase compared to previous years. However, since then, we’ve seen even larger increases. From 2021 to 2022, we saw average rents increase by 14.07%, one of the largest increases since 2017. […]

9 Simple Updates to Increase Energy Efficiency in Your Rental

You may feel that investing in energy efficiency for your rental properties is not the best use of time and money. After all, you are not the one living in the property and, therefore, will not reap any of the benefits. However, you couldn’t be more wrong. Today, we’ll go over nine ways to increase […]

Real Estate Numbers You Should Know for Property Investment Success

real-estate-numbers

Getting into the rental property business is exciting, especially if you are a new landlord. With the dream of making money, whether just to supplement your current income or become financially independent from the grind of the corporate world, there is much to look forward to! Luckily, most people who make rental property investments succeed […]

How to Respond to Negative Tenant Feedback

You might not think about it every day, but your tenants are taking note of the experiences they have in your rental properties. And someday, they may just share those experiences publicly online. Since consumers these days turn to online reviews to help them make purchasing decisions, your reviews are more important than ever. But […]