Being a successful Maryland landlord means learning how to make good business decisions that will power your career forward. Sometimes, that involves deciding which tenants should live in your property, picking properties based on how profitable they are likely to be, or finding a good mentor who can give you helpful advice when needed. […]
Category Archives: Tips for Landlords
27
Jan
Jan
You try your hardest to follow the best landlord practices, build positive relationships with your tenants, and stay organized, but you still find yourself stressed at the end of each day. It’s affecting you, and you might even be considering giving up your career as a landlord in favor of a less stressful career path. […]
25
Jan
Jan
Owning rental properties is no cake walk. Although many people have the impression that landlords purchase properties, sit back, and watch the cash flow in, that can be very far from the truth. Honestly, there is a lot of work that goes into being a landlord, and owning rental homes has its fair share of […]
20
Jan
Jan
Owning rental properties in the greater Baltimore area of Harford County has its definite advantages. With its perfect blend of beautiful landscapes, exciting city life, historical monuments, and plenty of entertainment options, it would seem this would be the perfect place to reap rental property benefits. However, owning rental property, regardless of its location, has […]
07
Jan
Jan
Whether you’re a seasoned or aspiring landlord, you may have questions about the way your rental property business can be legally structured. You might not be sure about the best option based on your personal needs, liability concerns, and other factors. Today, we’re going to discuss one type of business structure that landlords commonly use: […]
19
Dec
Dec
Drafting a comprehensive lease agreement is one of the most important things you can do when leasing your Baltimore County home. As a landlord, it is your responsibility to set the standard high for tenants from the beginning when it comes to your investment property. Otherwise, you cannot expect your tenants to take you seriously. […]
14
Dec
Dec
A move-in incentive is generally something that motivates a potential tenant to move into your rental property. The same applies to those already leasing your property; a move-in incentive can be something that motivates them to renew their lease with you. These incentives are essentially bonuses or discounts for living in your home. The question […]
12
Dec
Dec
If you’ve never purchased rental property, you may think that being a landlord sounds like an easy way to make a bit of somewhat passive extra income. While it can be an appealing career option and offers many benefits that traditional jobs do not, it also comes with a unique set of challenges. So, if […]
11
Dec
Dec
One of the biggest first impressions left on potential tenants looking to <href=”http://www.baymgmtgroup.com/property-management-montgomery-county/”>rent your Montgomery County home is the outside curb appeal. Think about it. When someone pulls up to your highly sought after Potomac property, located in an exclusive, beautiful, and well-maintained community, tenants expect the same to be true of your rental home’s […]
08
Dec
Dec
While you’re relieved to have good tenants, your tenants are happy with a landlord they like and trust. But being a good landlord to your tenants won’t just keep them happy – it’ll likely help you as well by allowing you to keep long-term tenants in your properties and avoid the costs that result from […]