Property Management 101 for New Landlords in Baltimore

Posted on September 18, 2018September 18, 2018 by Bay Management Group

Being a landlord can be quite exciting. You get to meet new people, troubleshoot problems, and be your own boss. Of course, there are also a lot of things you need to know before you jump into such an endeavor. If you’re considering becoming a landlord in Baltimore and you’re wondering how to manage a … Read More

Renting vs Buying a House: The Millennial Debate

Posted on September 11, 2018September 11, 2018 by Bay Management Group

If you ask the older generations what was their best investment during the course of their life, a lot of them would say their home. The general premise is that over time, houses tend to appreciate in value, and you end up paying off the debt year over year, so down the road you have … Read More

Investing in Rental Property is a Big Decision

Posted on August 10, 2018September 21, 2018 by Bay Management Group

However, rental property investing is a decision that has the potential to reap some incredible benefits. That is, as long as the real estate investment you’re making is one based on knowledge, and is not something you’re blindly going into. Knowing as much as possible ahead of time about the rental property you’re looking into, … Read More

Professional Property Management Case Study

Posted on August 8, 2018September 21, 2018 by Bay Management Group

Many real estate investors typically start out managing their own investment properties to “save” money. This was the case with our Philadelphia investors who came to Bay Property Management Group Philadelphia with both management and tenant challenges. This is a Property Management Case Study to help show how in an effort to save money by … Read More

Baltimore Neighborhoods – Some of the Highest Rated

Posted on July 23, 2018September 21, 2018 by Bay Management Group

Federal Hill, is a beautiful historic neighborhood, overlooking the South Baltimore harbor that ranks high in the best places to live in the city (3rd). Federal Hill itself forms a community park and outer edge of the neighborhood. The historic Federal Hill takes its name from the celebrated ending of the parade after the Constitution … Read More

12 Questions to ask your Property Management Company Before you Hire Them

Posted on July 5, 2018September 21, 2018 by Bay Management Group

When choosing a potential Property Management company to help you out with your investment properties, there are a few things you should always consider? Here are 12 questions you should probably ask any company before you make a decision. The first thing you will want to find out is how long the company has been … Read More

The True Costs of Tenant Turnover

Posted on June 29, 2018September 21, 2018 by Bay Management Group

The actual cost of tenant turnover can range from a few hundred to a few thousand dollars, depending on the notice given, the time the property is left vacant, the property condition and the amount of items that need to be replaced, cleaned or repaired to get the property back to its “move in” condition. … Read More

4 Ways to Avoid Tenant Problems from the Start

Posted on May 1, 2018September 21, 2018 by Bay Management Group

“Intellectuals solve problems – geniuses avoid them.” Albert Einstein When dealing with tenants in long-term rental properties, the quote above offers some wise advice. Your ability as a landlord to avoid potential problems before they start can save you vast amounts of trouble and money. Here are four time-tested ways to set yourself … Read More

Who Pays For Rental Property Improvements? What You Need To Know

Posted on February 22, 2018September 21, 2018 by Bay Management Group

As an owner of a residential rental property, you already know that you are responsible for paying the property taxes and maintenance costs, but what if your tenant requests upgrades and improvements? What if they want a new refrigerator, a different style of carpet, or upgrades to the bathroom? While landlords are always free to … Read More

10 Questions to Ask When Hiring a Property Manager

Posted on January 26, 2018September 21, 2018 by Bay Management Group

Having a qualified and professional property manager to operate your residential and commercial structures is absolutely vital. There’s a lot that goes into taking care of a rental property, from physically maintaining it, to filling it with renters, and much more. For this reason, you need to ensure that you’re hiring somebody worth their salt. How … Read More

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