The question for the day is, what will 2021 hold for the US rental market? No matter what the economic outlook post-COVID-19, individuals will always need a place to call home. That said, investors can count on a large portion of those individuals being renters. However, while the pandemic’s effects are still playing out, the […]
Category Archives: Property Management in Philadelphia
04
Jan
Jan
Property turnover is inevitable in the rental industry. When it happens, landlords become overwhelmed by a myriad of repair and cleaning tasks. All of which are important steps to making the home ready for a new tenant to move in. However, one of the traits of successful landlords is planning ahead for the eventual vacancy. […]
14
Dec
Dec
All the tasks associated with managing investment property accounting can seem overwhelming, especially if a landlord lacks the proper foundation and processes needed. Unless you employ a CPA or professional property management company, tax time could prove to be a busy and stressful time. So, continue reading below as we outline tips to prepare for […]
14
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 awesome team members and how they contribute something special to our property management company. Therefore, […]
30
Nov
Nov
Landlords have many questions about their rights surrounding Section 8 requirements and restrictions. Can landlords refuse to rent to a voucher holder? No. In Baltimore City, landlords cannot refuse a tenant based on them having a housing voucher. Additionally, Fair Housing Law protects Baltimore City residents from discrimination based on the source of income, which […]
18
Nov
Nov
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 […]
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 […]