Handing over your income property to a property management company can seem like a risky decision. After all, it may result in significant profits but can also drive you to bankruptcy. At Bay Management Group, we understand how difficult it can be to find a reliable property management company, so we developed this guide to […]
Tag Archives: benefits of property management
10
Oct
Oct
Landlords in the industry know that property management is not a standard 9 to 5 job. Maintenance is a task that requires a significant amount of time and coordination. But, how do landlords handle rental property emergency maintenance after hours? No one wants to get that call; however, it is essential to quickly and efficiently […]
01
Sep
Sep
Owning rentals is an excellent opportunity to earn passive income. However, you need to have a lot of time on your hands to manage all of your properties. For some investors, handling tenant relations, performing inspections and maintenance, and collecting rent add up to too many tasks. In that case, hiring an experienced property manager […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Northern Virginia, Rental, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Property Managers
Should Landlords Consider Self-Showing Technology for Their Rentals?
04
Mar
Mar
Landlords are undeniably busy the majority of the time. With all of the daily responsibilities it takes to run a rental business, it can seem like there’s not enough time in a day. Luckily, with new technology coming out each year, there are ways for landlords to streamline some of their tasks. For example, self-showing […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management in Leesburg, Rental, Rental Property Marketing, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Property Managers
Top Questions to Ask When Hiring a Property Management Company
14
Feb
Feb
Whether they own one property or multiple, landlords have a lot of tasks to handle daily. Whether it’s maintenance, collecting rent, or screening new tenants, the duties can quickly become overwhelming. That said, many landlords decide to hire a property management team to help mitigate some of these daily jobs. However, before you decide on […]
24
Jan
Jan
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 […]
08
Oct
Oct
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 […]
24
Aug
Aug
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 […]
04
Aug
Aug
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. […]
25
Jun
Jun
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 […]