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 […]
Category Archives: Property Management in Philadelphia
06
Aug
Aug
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. […]
27
Jul
Jul
Occasionally, landlords will come across applicants that seem great on paper but do not quite meet the income or credit requirements. When this occurs, landlords have two options, deny them and lose a potentially good tenant or allow the applicant to have a cosigner. That said, not every rental owner is familiar with the practice […]
15
Jul
Jul
Being a landlord is not a 9 to 5, Monday through Friday job. That said, being a rental owner comes with both pros and cons. Plus, there are times when working in a non-traditional industry such as real estate can wreak havoc on your schedule. For example, one of the common disruptions for landlords […]
Owning a Rental Property in Pennsylvania, Property Management, Property Management In Montgomery County, PA, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords
Understanding Rental Property Pricing in a Seller’s Market
09
Jul
Jul
Housing prices continue to soar in many areas as supply still struggles to keep up with demand. This increased demand and low supply creates a strong seller’s market within the real estate industry – but where does this leave rentals? The truth is, the rental market does take some cues from the housing market. Therefore, […]
30
Jun
Jun
Preparing your rental property for the next tenant is critical to the success of your rental property business. Every renter does, and should, want to move into an impeccably clean home. However, even before that, prospective applicants do not want to tour a dirty property. After all, first impressions are lasting ones! So, presenting a clean […]
28
Jun
Jun
Owning an investment property is a great way to build long-term wealth and generate additional monthly income. That said, being successful in the rental industry relies on a healthy profit margin. Unfortunately, typical and not so typical, expenses can chip away at those profits more than many landlords realize. So, it is essential that property […]
03
May
May
The moratorium on evictions is now extended through June 30, 2021. Landlords are left to wonder, is there any end in sight? The answer is a complex and uncertain one. Since the CDC eviction ban has already been extended multiple times, what can a landlord do? According to Moody Analytics, an estimated 7 million households […]
12
Apr
Apr
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 contribute something special to our property management company. Therefore, […]
02
Mar
Mar
As a landlord, the goal is to rent your property quickly to tenants who will pay in full and on time. Therefore, one way to increase the applicant pool is to become a Section 8 landlord. By working with the Pennsylvania Housing Authority, owners can get approved for a housing program for low-income families and still […]