Capital gains on rental property can feel like one of those things no one tells you about—until it’s time to sell. Suddenly, you’re hearing tax terms, numbers, and rules you’ve never thought about before. But don’t worry—we’re breaking it all down for you. In this guide, we’ll walk through how capital gains work, how they’re […]
Category Archives: Property Management in Northern Virginia
21
Mar
Mar
At Bay Property Management Group, our mission is to provide exceptional property management services while fostering an environment of growth and success for our team members. In this month’s Employee Spotlight, we’re thrilled to introduce Cielo Camille Grepalda, Property Manager for our Northern Virginia (NOVA) office. Camille brings her unique background, extensive industry experience, and […]
20
Mar
Mar
Real estate has always been seen as a solid way to build wealth—but not everyone has the time (or patience) to deal with tenants, property maintenance, and big upfront costs. That’s where REITs come in. They offer a simpler way to invest in real estate, promising steady income and long-term growth without the hassle of […]
12
Mar
Mar
Ever wondered how real estate agents make their money from a property deal? It all comes down to something called GCI (Gross Commission Income). But what is GCI in real estate? If you’re looking to understand how the money flows in real estate transactions, you’re in the right place. Let’s break it down in a […]
26
Feb
Feb
There are many ways to assess the success of a rental property, but one of the most effective, tried-and-true ones is the rental yield. This tool helps investors determine how much income a property generates in relation to its cost. In turn, this offers a clear, succinct snapshot of a property’s profitability. In this article, we’ll […]
19
Feb
Feb
When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. This way, you don’t have to juggle multiple bills and can better plan out your […]
07
Feb
Feb
Pets are great companions, but they don’t always stick to the house rules! They might scratch the walls, leave unbearable smells, or even damage appliances. That’s why landlords often ask for pet deposits—to protect their property in the event Fido goes a little too far. But are pet deposits refundable? Read on to learn more […]
03
Feb
Feb
You’ve probably come across the term ‘lessee,’ but what does it really mean? In this article, we’ll answer the questions – what is a lessee, what they’re responsible for, their rights, and clear up some common myths. We’ll also answer some of the most frequently asked questions. Ready to dive in? Let’s get started! What […]
29
Jan
Jan
As a tenant, it’s natural to want some privacy and peace of mind in your home. While landlords want you to enjoy that to the fullest, they also must balance that with a need to check on their property’s condition. So, naturally, as a tenant, you may wonder: can I refuse a landlord inspection? There’s a […]
22
Jan
Jan
Imagine you’re applying for that apartment you were eyeing for months. Your deposit is ready. Your references are superb; and you think it’s the perfect time to close the deal. Then, your landlord or property manager looks at your check and pauses. So, what does a background check show them? Your rental history, your job […]