Real estate auctions can be an excellent way for investors to buy fixer-uppers or foreclosed homes and turn them into investment properties. While live auctions have been around for years, online platforms are becoming increasingly popular for buying real estate. In the video below, we discuss the basics of real estate auctions, how they’ve evolved […]
Category Archives: Property Management in Northern Virginia
Keeping your rental properties up-to-date is crucial for several reasons. For instance, periodic upgrades can quickly attract prospective renters, increase the property’s overall value, and allow landlords to charge higher rental rates. However, knowing which upgrades to focus on is crucial. Today, we’ll go over some of the top reasons to update your property, upgrades […]
It may surprise some rental owners, but property management and property maintenance are not necessarily the same. For landlords, maintenance is just one item in a long list of responsibilities to keep a rental business running. Savvy investors look to professional management firms to maximize profits while avoiding the daily stresses associated with the rental […]
Tenants with disabilities deserve the same access to safe and comfortable housing as those without. However, sometimes it takes modifications or special accommodations to ensure they have equal access or comfortability. As a landlord, knowing how to handle these Fair Housing accommodations is crucial. In today’s article, we’ll review the importance of Fair Housing Laws, […]
A tenant holding over can be a scary and frustrating situation for property owners. So, when a lease expires and the tenant refuses to vacate, what is a landlord to do? It is critical to remember that even though the tenant is no longer under the lease, they still have rights. Thus, meaning the landlord […]
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. […]
When you move into a new rental home, you’ll sign a lease agreement stating the lease duration, rental rate, and essential information about the rental contract. Most lease agreements last 12 months, sometimes giving tenants a chance to renew at the end. On the other hand, if your move is temporary, you may look for […]
TikTok has become a popular platform for content creators from various backgrounds, including real estate. Additionally, it’s become a place for new or up-and-coming landlords to gain popularity and talk about their experiences. However, these “TikTok landlords” are starting to get some hate from individuals who don’t understand or align with their business strategies. But, […]
Terrible tenants can make your job as a landlord tough. Some of them pay rent late every month, while others are careless and damage your property. Most property owners face the hassle of dealing with difficult tenants at some point, and it is not easy. Fortunately, we have put together a list of types of […]
Summer is approaching quickly, which means peak rental season is upon us. Now’s a popular time for tenants to look for their next home and rental owners to maximize their profits. However, you can easily miss the opportunity without a strategic plan for marketing your properties. So, today we’ve outlined how to prepare for peak […]