In a perfect world, one lease would end, and another would begin immediately after. Unfortunately, it is not an ideal world, and property turnover remains a vital property manager’s responsibility. The success of this endeavor relies on a stable process, trustworthy vendors, planning, follow-up, and attention to detail. As a property manager, you can take […]
10
Sep
Sep
A profitable property management company is always looking to grow. The question becomes how you can use what you have already established as a great customer base and professional contacts to gain new clients. Well, that is where referral marketing comes in. Setting up a program for real estate referrals and offering incentives to […]
09
Sep
Sep
Property maintenance is a massive part of a landlord’s success in the rental management industry. Whether you look after your portfolio or work with a management firm, a time will come when licensed contractors are needed. Therefore, creating a reliable process for screening contractors will aid in narrowing down your search and finding the […]
08
Sep
Sep
Most landlords have at least heard about housing voucher programs, but how much do you know? Fair Housing Laws are changing in many jurisdictions across the country, including Maryland. Some districts, including Baltimore City, now list the source of income as a protected class. Therefore, as a landlord, understanding your rights and responsibilities when […]
04
Sep
Sep
Whether you are considering investing in rental properties or have an existing portfolio, managing those properties can be an overwhelming task. So, to help you in your investment endeavors, Bay Property Management Group has assembled a guide to property management tasks that every landlord should be familiar with. While this is not everything you […]
28
Aug
Aug
As the COVID-19 pandemic continues, the property management industry has adapted along with it. Aided by modern technology, virtual tours allow agents and landlords to connect with potential tenants while protecting everyone’s health. However, virtual touring benefits extend past just health and safety. Read on as we discuss alternate tour options for rentals and […]
28
Aug
Aug
As Summer heats up, so does the strain on your rental property’s HVAC system. While everyone agrees that preventative maintenance is vital, many landlords and tenants wonder who is really responsible for what? Below we help you answer that question by discussing landlord responsibilities for HVAC maintenance along with tenant rights and prevention tips […]
27
Aug
Aug
When it comes to finances, either personal or business, there are a lot of moving parts. If you add on investment properties as well, it can quickly become overwhelming. Part of being an efficient and responsible landlord involves maintaining impeccable financial records. Additionally, these records become invaluable in instances of tenant or vendor disputes […]
27
Aug
Aug
Rent to own sounds like a great idea, but how much do you understand about how it works? Using the rent to own process as a way to invest in a home can be beneficial for some individuals but financial ruin for others. Carefully examining your motivation and goals before taking the leap will […]
26
Aug
Aug
Realtors often say that kitchens sell homes, well, they also rent them. The kitchen is the heart of any home, and it is also one of the most expensive to renovate. There are many ideas for inexpensive kitchen updates out there, along with plenty of options to fit any budget. Join us as we […]