5,320Units Under Management
Less Than 1% Eviction Rate
Avg. Time Rental Is on Market 23 Days

Tag Archives: benefits of property management

Property Manager’s Guide to Tax Time and Sending 1099s to Landlords

Property Manager's Guide to Tax Time and Sending 1099s to Landlords

Tax time can be stressful and confusing for everyone, including property owners and landlords. That said, not everyone is an expert, so it’s important to pay close attention to essential tax documents and requirements. One of the most significant tax forms for landlords is 1099. If you have a management team, like Bay Property Management […]

Growth, Expansion, and Investing in Employees at BMG

Growth, Expansion, and Investing in Employees at BMG

For over a decade, Bay Property Management Group has helped owners achieve their rental investment goals through comprehensive third-party representation. What began as a small firm specializing in single-family rentals has quickly expanded. Today, BMG serves clients across Maryland, Southern Pennsylvania, Washington DC, and Northern Virginia. With over 5,300 units under management, BMG could not […]

Why Every Landlord Should Use Online Rent Collection

Why Every Landlord Should Use Online Rent Collection

  A huge factor in the success of the rental property is timely rent payments and an efficient collection system. So, what can landlords do to help ensure on-time rent payments? After all, no landlord wants the hassle of chasing down tenants to try and collect, or worse yet, hearing the payment was lost in the […]

Top Reasons to Fire Your Property Manager and Escape Your Contract

Top Reasons to Fire Your Property Manager and Escape Your Contract

A great property management company is worth its weight in gold – but a bad one is an absolute nightmare. In the competitive rental industry, some fledgling companies put the majority of their efforts toward building a client base. However, they may forget the importance of great service to keep the clients they already have. […]

Top 4 Reasons Why Detailed Move-In Inspections Are Essential

You cleaned your rental and ensured everything is in working order before move in – but is that enough? Even if your rental is in tip-top shape, landlords must conduct a thorough move-in inspection. In turn, this protects themselves, the property, and the tenant. A rental move-in inspection is critical to evaluating tenant damage at […]

Owners Guide to the Property Management Process

Owners Guide to Hiring a Property Manager and the Management Process

In theory, anyone could become a landlord. However, renting your investment property legally and successfully takes time, effort, and local knowledge. For many investors, the benefits of qualified property management services speak for themselves. After all, not every investor is prepared to organize repairs, comply with local laws, prepare marketing, or field those late-night maintenance […]

Cities Where Low Homeownership Rates Equal a Healthy Rental Market

Cities Where Low Homeownership Rates Equal a Healthy Rental Market

Location is an important factor for real estate investors, and the ideal one has a large pool of renters. With that in mind, some locations across the US are better than others. Researching the homeownership rates in various cities helps investors see what percentage of the population is looking for rentals. Therefore, landlords can narrow […]

A Quick Guide to Rent Estimates and The Rental Market Outlook for 2021

A Quick Guide to Rent Estimates and The Rental Market Outlook for 2021

The COVID-19 pandemic hit landlords hard in 2020. Therefore, with 2021 in full swing, many property owners wonder what the rental market has in store. As regulations tighten and many industries still struggle on the road to recovery, proactively planning for your rental is essential. How much should I charge for rent? Will I be […]

Employee Spotlight – Nick Wachter, Controller Bay Property Management

Employee Spotlight - Nick Wachter, Controller Bay Property Management

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 company. […]

Are Rental Property Management Companies Worth the Cost?

Are Rental Property Management Companies Worth the Cost?

Investing in rental property can prove to be an excellent and lucrative addition to a diverse portfolio. However, being a landlord extends well beyond buying the property. As a matter of fact, managing a rental property is a full-time job that not every investor is prepared for or wants. So, what is a landlord to […]