Maintenance and repairs are some of the biggest expenses for rental property owners. However, learning how to complete simple DIY repairs and knowing when to call experts is important to managing costs. For example, unclogging a toilet could be an easy DIY fix, but hiring a professional plumber can run anywhere from $150 to $700! […]
Category Archives: Property Management
13
Jul
Jul
Facilitating property tours for prospective tenants is an essential part of being a landlord. In fact, this step in the process is just as crucial as marketing to and screening potential renters. Most landlords realize that showing their property in the best possible light is crucial. Sometimes a deep clean, staging furniture, or boosting […]
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, […]
24
Jun
Jun
The goal of any rental property business is to generate sustainable income and profit. However, even as the profits begin to roll in, it is important to plan for every contingency. Most rental markets experience some ebb and flow throughout the year. So, careful financial planning will ensure you save exactly what you need to […]
15
Jun
Jun
One real estate investment trend on the rise is mixed-use properties. Typically, these properties have a combination of residential, retail, or commercial ventures in one building. In recent years, this type of development has become commonplace in many urban areas. However, for investors familiar with traditional residential management, is gambling on mixed-use the right move? […]
18
May
May
Over 5.7 million people call The City of Brotherly Love their home. Therefore, it is no surprise that Philadelphia offers an eclectic urban feel popular with both young professionals and families alike. Yet, part of what makes this city great is accessibility. Moreover, whether you rely on car transportation or public transit options, many of […]
11
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 awesome team members and how they contribute something special to our property management company. Therefore, […]
If you own a multi-family building and are looking to attract potential tenants to rent out your spaces, you must keep up with the remodeling trends they’re interested in. It’s the little details that will make your property stand out from the rest! The following remodeling trends are details that potential tenants will keep an […]
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 […]
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Apr
Apr
Investing your hard-earned money is a big deal and successful investing takes care. With real estate becoming all the rage in investments nowadays, many individuals wonder whether real estate is better than the traditional stock market. While stocks are more mainstream, real estate is also considered a solid investment under the right circumstances. That said, […]