8,000Units Under Management
Less Than 1% Eviction Rate
Avg. Time Rental Is on Market 23 Days

Category Archives: Property Management in Richmond

Halloween Safety Month: Tips for Trick-or-Treating

halloween-safety-month

Halloween is a fun time to get dressed up, attend costume parties, and go trick-or-treating with friends and family. However, it’s also a time to keep safety in mind as you walk through neighborhoods for trick-or-treating or attend haunted houses. Today, we’ll go over the importance of Halloween Safety Month and how you can stay […]

The Role of Property Managers in HOA Communities

property-managers-in-hoa-communities

Owning properties in HOA communities can offer several benefits, but also some disadvantages. One of the main benefits is that you have someone, an HOA property manager, to look over your property and ensure it meets the requirements and criteria set by the HOA. That said, HOA managers are similar to rental property managers, but […]

Post-Pandemic Property Management: What’s Changed?

post-pandemic-property-management

Before 2020, it was hard to imagine a world that was essentially shut down. Quarantining, social distancing, and wearing masks were not the norm until the COVID-19 pandemic hit. As you can imagine, it changed how most people lived their everyday lives, including at work. Some people switched from working in-office to working from home, […]

The Role of Tenant Feedback in Improving Rental Property Services

The Role of Tenant Feedback in Improving Rental Property Services | | Bay Property Management Group

Most businesses rely on feedback to identify areas of improvement and learn more about customer experience, and rental properties are no different! Property management companies can benefit from tenant feedback by listening to tenant concerns, responding to reviews, and implementing change within their business practices. In the video below, we’ll go over the role of […]

Renting for the First Time: What to Know About Living in Rentals

renting-for-the-first-time

Moving out and into your own rental property for the first time is exciting, but it can quickly become overwhelming. However, proper planning and knowledge of rental housing can help you avoid hiccups along the way. In today’s article, we’ll discuss the basics of renting for the first time, common tenant responsibilities, and mistakes for […]

Incentives to Increase Lease Renewals in Your Rental Properties

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Owning rental properties is an excellent way to set yourself up for financial success. However, success only comes with the proper management practices in place. That said, finding reliable tenants is one of the most important parts of owning and operating rental properties. Once you have good tenants, you won’t want to lose them. Instead, […]

Pros and Cons of Buying a Newly Constructed Property

buying-new-construction

With so many opportunities and investing strategies, deciding which avenue to explore can be challenging. Many rental investors look for run-down properties to fix and flip, but why not try something new? Buying a newly constructed property for your next rental investment is an excellent way to switch up your strategy and earn solid returns. […]

Top 8 Rental Home Improvement Ideas on a Budget

Rental-Home-Improvement-Ideas-on-a-Budget

Competition in the rental industry has many owners looking to improve their odds of attracting a quality renter. However, a full-scale renovation is costly, and not all improvements truly add value. In a market where profit margins are tight, to begin with, extensive renovations could be financially damaging in more ways than one. Thankfully, some […]

Decreasing Maintenance Costs in Your Rental Property

Decreasing-Maintenance-Costs-in-Your-Rental-Property | | Bay Property Management Group

Maintenance and property upkeep can be a nightmare for many owners in and around Richmond. For instance, unexpected appliance breakdowns, forgotten routine maintenance, and unusually harsh weather can all lead to maintenance problems that eat into profit. Fortunately, there are proactive ways to reduce costs over time, including scheduling routine upkeep, investing in quality supplies […]

Property Management Industry Trends to Watch for in 2023

Property-Management-Industry-Trends-to-Watch-for-in-2023 | | Bay Property Management Group

The past few years have been hectic for real estate investors and property managers throughout the United States. With high-interest rates, inflated home prices, and navigating through Covid-19 procedures, it’s been a learning curve for everyone involved. As we enter a new year, more changes are on the way. Read along as we discuss property […]