The worst thing for any landlord is having a vacant property. Not only does vacancy mean no money is coming in, but landlords also have to invest time and money in finding new tenants. That said, the strongest rental businesses have low turnover among their tenants. This keeps their cash flow steady and reduces costs. […]
Category Archives: Property Management
10
Nov
Nov
There are two leading strategies for the average investor to actively create real estate income: buying rental properties or fixing up houses to sell. In today’s market, either strategy can be a good investment for property owners, though each one comes with different risks and benefits. The real question is not which is the better […]
20
Oct
Oct
A chill is in the air, the leaves are falling, and your HVAC system is probably the last thing on your mind. As a rental property owner, Fall brings with it many maintenance tasks like cleaning gutters and checking for leaks. However, to keep tenants comfortable all year long, it is essential to service the […]
16
Oct
Oct
Do you own a rental home in Baltimore County? If so, you probably know that although the county’s vacancy rate is at an impressive 5.89%, far lower than the state’s average of 6.49%, your home will sit vacant at one point or another for an extended period. That is simply the nature of owning a rental […]
06
Oct
Oct
New or novice rental property owners may find that being a landlord entails more than they bargained for. That said, enlisting the help of one of Gaithersburg’s top property management companies is the next logical step. However, you may be unfamiliar with the responsibilities of a property manager and just how much they can benefit property […]
19
Sep
Sep
High-quality flooring is one of the most important amenities you can offer your rental property tenants. There are many options, and depending on your specific needs you might choose one or several available options. Knowing the different types of flooring you can place in your rental will help make your property as visually appealing as […]
12
Sep
Sep
Would you rather deal with a prolonged vacancy or an eviction? If you are an experienced landlord, you know the answer. Finding the right tenant for your rental property can take time and effort. After all, you want to avoid long periods of vacancy, but you also want to avoid going through the eviction process. Today, […]
08
Sep
Sep
Landlords must create various policies and guidelines to maintain a safe and habitable property for all tenants. This can include everything from inspections and maintenance to applicant screening and beyond. One crucial factor for landlords to establish in their properties is rental occupancy standards. For landlords, most processes rely heavily on black and white laws […]
07
Sep
Sep
Finding a good tenant is only half of a landlord’s job. The other half is managing the property with the tenant in it, which can be a demanding task. To make it a bit easier, many property managers create a “tenant manual.” Even though the rental contract outlines most of the tenants’ responsibilities, a tenant […]
11
Aug
Aug
Investing in rental properties is a great way to sustain a steady money flow and provide supplemental income. However, being a landlord is not as easy as it seems– and it’s sure enough not for everyone. When choosing whether or not to pass control over to a property manager (Bay Management Group is here at […]