Whether you have been in the game for decades or find yourself a sudden accidental landlord, there are always new things to learn. How can you become the best landlord you can be and, in turn, maximize your profits? Well, we are here to help! In any business, understanding your strengths and weaknesses is […]
17
Sep
Sep
Rental agreements are legally binding contractual “agreements” between two parties, the landlord and tenant. That said, landlords should be aware that while many laws are protecting the rights of property owners, tenants also have rights. These tenant rights protect renters against overbearing or illegal landlord actions. Therefore, understanding the reasons tenants sue landlords and how […]
16
Sep
Sep
Seasons are changing fast, and it can be the busiest time of year for Fall preventative maintenance. In the Northeast, weather during the Fall months can be unpredictable, to say the least. Now is the time to identify those small issues before they become a big problem as Winter approaches. Check out our list below […]
14
Sep
Sep
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 each contribute something special to our property management […]
14
Sep
Sep
Remote operations have become more prevalent throughout the property management industry. Many businesses forced into remote work environments due to the COVID-19 pandemic are now realizing how beneficial it can be. In fact, remote operations equal opportunity! Read on as we discuss how companies are adapting processes to working remotely, added benefits, plus how […]
11
Sep
Sep
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 […]