Bay Management Group is a full-service Philadelphia property management company, focusing on tenant customer service, property owner satisfaction, and proper management of all rental properties. Bay Management Group offers a wide range of property management services that are sure to meet your individual property management needs.
Why Choose Bay Management Group to Manage Your Philadelphia Rental Properties?
Full Leasing Services Rest assured that your Philadelphia rental property will receive top notch attention at all times. With aggressive advertising strategies to get your property leased within 30 days, thorough tenant screening to avoid placing low quality tenants in your investment property, and complete legal compliance during the tenant placement process, we at Bay Management Group have you covered.
24/7 On-Call Maintenance You won’t have to worry about late night phone calls from tenants thanks to Bay Management Group’s maintenance staff. Handling minor to major maintenance requests and repairs, you can trust your tenants will receive prompt attention whenever your property calls for it.
Rent Collection Depositing your profits into your bank account is something Bay Management Group does not take lightly. Taking a professional, stern, and consistent approach to rent collection each month, know that your tenants will have a full understanding of what you expect from them when rent is due. More so, any tenants that fail to pay on time will be handled swiftly by Bay Management Group so you don’t have to. This even includes starting the eviction process if necessary.
Routine Inspections Your property is a valuable asset and we understand that. This is why conducting routine inspections throughout each tenant’s lease term is one of our main priorities. We want to ensure your tenants are caring for your property as though it was their own, and inform you of any brewing issues before they turn into major problems.
Monthly and Annual Financial Statements Each month we send an income and expenses statements for each of your specific income properties, along with a summarization in your year-end report. We also send you a 1099 at the end of the year, as required by law.
Move In/Move Out Reports. Our property managers photograph each property before and after tenants take possession and complete a detailed inspection checklist, in order to document any damage or irregularities that have occurred during the tenant’s lease.
Rental Registration. New laws require all rental properties to be registered with the appropriate jurisdiction.
Lead Paint Certification. Per state and federal law, all tenants moving into rental properties built before 1978 must be provided with lead-based paint pamphlets and documentation. In Philadelphia, any rental property that is being leased to tenants with a child under the age of 6 must have a lead-safe, limited lead-free or lead-free certificate. Bay Management Group will coordinate or assist you in receiving the lead-based paint certificate through one of our accredited inspectors.
Eviction Services/Suit Filings. Bay Management Group adheres to strict and consistent policies when it comes to late rent payments. We are well-versed in landlord-tenant laws and, when necessary, handle the entire eviction process so you don’t have to. And in the event a tenant breaks their lease, we also file judgments on your behalf, with no cost to you when Bay Management Group files suit.
And Much More!
Bay Management Group has a commitment to property management unlike any other property management companies around. In fact, they are known to be one of the most reliable and trustworthy management groups in Philadelphia.
So, what do you say? Save yourself time, lessen the stress of owning rental property, and reduce your workload significantly with Bay Management Group and know that your rental property is in capable hands.
Choosing a Property Management Firm in Philadelphia
If you are planning to invest in rental properties, hiring a professional property management company such as Bay Management Group is a prudent step to take. It will save you the hassle associated with managing rental property, and this will give you the time and energy to concentrate on other things, including additional investment opportunities. If you are in Philadelphia, picking the right management firm can be a daunting task, especially because of the high number of service providers there. Below is a discussion of some factors you should consider in searching for a property management firm that is appropriate for you.
Of course, you don’t want to trust an amateur with the task of managing your property. You should look for a firm with deep experience. Although this shouldn’t be the only factor to consider, longevity is an important indicator of reliability. Experience also means that you will be working with a firm that has the capacity to advertise your rental property properly and minimize vacancy periods.
The quality of customer service is an extremely important factor when shopping for a management firm to handle your rental property. You want a company that will take time to listen to you, understand you, and quickly address any issues that you may raise regarding your investment property. You also should choose a firm with customer service available 24/7. This will ensure that there is always someone to talk to at the firm if and when a serious issue arises at any time of the day or night.
Service Costs and Fees
Bay Management Group Philadelphia normally charges 5-8%, while most companies charge upwards of 10% or more.
In addition to cost, another critical factor is quality of services. In other words, you should not just pick a management company because its service fees are low. It’s always wise to strike a balance between quality of service and cost.