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 […]
Category Archives: Property Management in Philadelphia
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 […]
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 […]
16
Dec
Dec
A Property Investor’s Guide to End of Year Tax Planning The endless amount of tasks associated with end-of-year tax planning can be challenging for rental investors. Therefore, we recommend hiring a property management company to assist with tax filing. That said, whether you hire a professional company or file your taxes yourself, you’ll want to […]
09
Dec
Dec
If you live on the East Coast, you know that the winters there are no joke. However, despite the snow and freezing temperatures, there are countless holiday events throughout Pennsylvania for the whole family. Whether it’s visiting a Christmas village or attending your favorite holiday market, there’s sure to be something for everyone to enjoy. […]
03
Dec
Dec
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. […]
20
Oct
Oct
Every renter has a list of things they would love to have in their next rental home. Sitting high on that list is a beautiful kitchen. Unlike other rooms on the property, there is a lot that can be done to personalize and customize a kitchen. Thus, this area can quickly change the whole style […]
22
Sep
Sep
Normal wear and tear are something every landlord must deal with at one point or another. On the other hand, handling tenant damage is a different process entirely. In many cases, determining the difference between normal wear and tear versus tenant damage is a fine line. In addition, this can be a significant source […]
03
Sep
Sep
Whether landlords are ready or not, technology plays a key role in the rental industry. As the number of people searching for their next rental property continues to rise, grabbing renters’ attention through online listings is critical. On the flip side, renters may find the search for their next place to call home a competitive […]
25
Aug
Aug
Owning rental property is a worthwhile opportunity for savvy investors, but it does come with the added responsibility of being a landlord. For some, this is a welcome challenge; however, managing tenants is not for everyone. If the latter describes you, hiring a property manager may be the perfect solution. That said, an experienced manager […]