As 2020 ends, the forecast for 2021 presents many questions. How will COVID-19 continue to affect the market? Is now a good time to invest in property? For landlords navigating the hold on evictions and rent freeze orders across the country, the future seems uncertain. Much of the United States is still rebuilding, but some […]
Category Archives: Property Management in Philadelphia
26
Oct
Oct
Real estate investing requires an understanding of the real estate market and the necessary capital. But for those with the ambition to make it happen, rental properties can prove profitable. If you are looking to purchase your first property or looking for ideas to maximize a current portfolio’s returns, check out the tips below. […]
15
Oct
Oct
Setting rental rates for your investment property is integral to obtaining a good ROI. However, determining the rental price is not solely up to the owner. Actually, setting the right rent depends on several factors and considerations to best suit your goals. So, below we help you better understand how to set the rent, […]
12
Oct
Oct
Rent increases are a sometimes confusing and controversial subject. However, increasing the rent is something every landlord will have to deal with sooner or later. Understanding how to handle rent increases, the amount to ask for, and when to raise rates is key to your success as a landlord. Follow along with us below as […]
07
Oct
Oct
Calling all fans of a good fixer-upper! If you are looking to purchase a rental property that needs a little extra TLC and have noticed that the lenders become stricter with approvals, you are not alone. In addition to a large down payment, exceptional credit, and all of the other hoops you must pass […]
25
Sep
Sep
As a landlord, you are no stranger to taking on many responsibilities at once. In fact, you probably already know that if you do not handle them properly, you could find yourself stressed out, facing financial trouble, or dealing with a lawsuit. So, it is crucial for you to both prevent potential issues and fix […]
14
Sep
Sep
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 […]
26
Aug
Aug
In certain areas, especially cities or locations with a large student population, the issue of roommates will come up frequently. So, do you have to accept roommates? For landlords, renting to multiple, unrelated tenants can widen your pool of potential renters, ultimately helping to fill units quicker. However, it also comes with its fair […]
10
Aug
Aug
Buying investment property should not be a guessing game. Carefully evaluating potential locations will help grow your financial portfolio and bring long term success. All profitable investment locations should have the following: job growth, population growth, and affordability! Read on as we walk you through the top rental property investment trends of 2020. Top […]
28
Jul
Jul
All renters have certain tenant rights. That said, it is up to the property manager or landlord to know what these rights are and not to violate them. If you do violate them, the tenant may have the right to hold rent in escrow. This can cause a litany of problems for you, both legal […]