Investment Retirement Accounts (IRAs) are long-term investments that aim at helping you save for retirement. As these accounts intend to secure your future, you are not allowed to withdraw funds until you turn 59½. To ensure that you abide by the rule, you need to pay a penalty on the amount withdrawn early and applicable […]
Category Archives: Property Management in Philadelphia
01
Sep
Sep
Owning rentals is an excellent opportunity to earn passive income. However, you need to have a lot of time on your hands to manage all of your properties. For some investors, handling tenant relations, performing inspections and maintenance, and collecting rent add up to too many tasks. In that case, hiring an experienced property manager […]
28
Jul
Jul
Rising real estate prices are affecting people all across the United States. If you’re a home buyer or an investor, you know how hard it is to buy real estate right now. Everything is extremely expensive, with low supply and high-interest rates. With rising high inflation and no end in sight, something has to give. […]
28
Jun
Jun
Due to inflation, many goods and services increase in price, making it difficult for some consumers to get what they need. Even investors and landlords are affected by the rates of inflation. Additionally, the housing supply and demand are part of the inflation impact on real estate. If you’re wondering about inflation and its effects […]
24
Jun
Jun
Summer is one of the best times to get together with friends and family–and what better way to spend it than outdoors? For some, this means creating a personal outdoor space at home. Luckily, whether you own a home or live in a rental, there are several things you can do to create DIY outdoor […]
20
May
May
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 incredible team members and how they each contribute something special to our property management company. […]
22
Mar
Mar
Buying and selling real estate is a large financial decision for investors, landlords, and homeowners alike. With any investment comes tax situations, payments, and legal requirements. That said, when you invest in rental properties, there are clever and legal ways you can reduce your tax burden. Today we go over some rental property tax loopholes […]
16
Mar
Mar
Replacing your windows is not something you likely think about often. However, it’s pretty important–especially in a rental home. Like most things in a rental property, windows become worn, damaged, or dated relatively quickly. Continue reading as we go over some warning signs to look for along with the benefits of replacement windows in a […]
Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
10 Tax Deductions That Landlords Miss: A Guide for New Investors
21
Feb
Feb
Tax time is a particularly stressful time for most people, especially rental investors. After all, landlords need to determine what they can write off without making mistakes on their legal tax documents. Unfortunately, deductions sometimes get missed, excluding some significant tax benefits. To avoid missing out on tax benefits, read along as we go over […]
18
Jan
Jan
As we enter a new year, the COVID-19 pandemic is, unfortunately, still stuck with us. So, what does that mean for the housing market? Investors hope that the New Year will help create a more stable market. However, the past few years have been abnormal because of the pandemic, and we’ve seen many changes in […]