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 […]
Category Archives: Property Management in Maryland
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
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
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
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 […]
Are you looking to finance your rental property and join the increasing ranks of people in the rental property business? Well, the first thing you are going to have to do before officially becoming a landlord is to figure out financing for the property you are interested in leasing. Wondering How You Can Finance Rental […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Anne Arundel County, MD, Property Management in Maryland, Renting a Home in Maryland, Style, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 5 Rental Property Appliances For Rental Properties in 2022
Part of running a successful rental business includes providing tenants with up-to-date appliances and valuable amenities. Not only does this give tenants a better experience, but it also increases the value of your property. Unfortunately, however, most of them come with a hefty cost. That said, installing modern, energy-saving rental property appliances is a great […]
Tax time can be stressful and confusing for everyone, including property owners and landlords. That said, not everyone is an expert, so it’s important to pay close attention to essential tax documents and requirements. One of the most significant tax forms for landlords is 1099. If you have a management team, like Bay Property Management […]
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. […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management in Howard County, MD, Property Management in Maryland, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
When to Hire an Accountant to Handle Your Rental Property Taxes
Owning a rental property can be stressful, especially during tax time. A rental owner’s countless tasks and responsibilities near tax time can get extremely overwhelming. That said, many rental homeowners prefer to hire a professional accountant rather than file taxes themselves. However, it’s still good for investors to evaluate finances and plan for tax season. […]
Handling lease agreements is one of the most important aspects of any rental business. Without a solid lease agreement, property owners can get damages beyond their budget. In addition, lease agreements are helpful to determine the rights and responsibilities of both the tenant and landlord. That said, sometimes circumstances pop up, and a lease may […]