Investing in residential real estate as a way to use passive income to build wealth. Successful investors know that owning a rental property diversifies your portfolio and creates steady income. That said, jumping into buying your first property can be a daunting task. It is important to know your financial capabilities, future goals, and […]
16
Dec
Dec
Economic uncertainty affects everyone across every industry, including rental investments. Whether it’s the COVID-19 pandemic or just a financial downturn, landlords and tenants alike look for ways to make ends meet when uncertainty hits. So, part of responsible business is planning for emergencies and unexpected circumstances that may arise. Below we take a look at […]
15
Dec
Dec
To sell or not to sell, that is the question. The COVID-19 pandemic has forced landlords to examine their investments in a whole new light. Lost rent, eviction moratoriums, and rent freezes have taken a toll on many property owners across the country. However, steadily low-interest rates combined with high demand and low supply […]
14
Dec
Dec
All the tasks associated with managing investment property accounting can seem overwhelming, especially if a landlord lacks the proper foundation and processes needed. Unless you employ a CPA or professional property management company, tax time could prove to be a busy and stressful time. So, continue reading below as we outline tips to prepare for […]
14
Dec
Dec
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, […]
11
Dec
Dec
Maryland is full of quaint towns, bustling cities, and the suburban countryside that attract renters to everything the Old Line State has to offer. The growing trend towards single-family homes provides investors a great opportunity to take advantage of low-interest rates and high demand. So, join us below as we track down the state’s best […]
10
Dec
Dec
A landlord can have the best rental property, but if no one knows it is available, it will never get rented. That is where effective and comprehensive rental property marketing comes in. For landlords, the list of operating expenses is a long one. However, devoting the funds toward a rental property marketing budget and strategy […]
09
Dec
Dec
The trees are bare and cold weather is setting in; winter is upon us. This is the time of year where late-night maintenance calls for frozen pipes, broken down heaters, and tenants locked out in the snow add even more stress to landlords. If you do not want to have these emergencies unexpectedly arise, preventative […]
08
Dec
Dec
When a landlord needs a tenant to vacate for any reason, getting them out is not always as easy as it sounds. Many property owners wonder if there is any other alternative to eviction. Unfortunately, the formal process of evicting a tenant can be lengthy and costly for landlords. The good news is, there are other […]
07
Dec
Dec
A rental property lease is the most important document a landlord can have. The legal contract between a tenant and a landlord outlines expectations, costs, requirements, and usage rules for residents to occupy a rental property. That said, there are many variations to the lease terms, but there are two main types; annual leases and […]