Owning rental properties can be a lucrative business plan if managed correctly. After all, being a landlord is no simple task. A ton of time, money, and effort goes into investing in rental properties and remaining successful. However, if you’re a new investor, it can be challenging to recognize the red flags of an investment […]
Category Archives: Property Management in Howard County, MD
05
Mar
Mar
Water and energy conservation are at the forefront of many peoples’ minds. As the cost of energy continues to rise, major droughts are also becoming a real threat in regions all across the country. Thus, as the number of people wanting to become environmentally friendly with their daily activities increases, it is important as a rental property […]
27
Feb
Feb
Did you know that the country’s rent index increased at an annualized rate of 3.6% in 2017? At the time, that was a significant increase compared to previous years. However, since then, we’ve seen even larger increases. From 2021 to 2022, we saw average rents increase by 14.07%, one of the largest increases since 2017. […]
12
Feb
Feb
If you’re interested in real estate investing but don’t have the time, capital, or knowledge to do it alone, you may consider a real estate partnership. Real estate partnerships allow two or more investors to jointly own and manage a real estate investment. There are plenty of ways to contribute to a partnership and several […]
20
Dec
Dec
Owning rental properties is one thing, but managing them is another battle. Managing properties, tenants, and their needs takes a lot of time and commitment. That’s why many busy property owners hire property management companies to help them with the day-to-day tasks of owning rentals. In today’s article, we’ll go over different types of property […]
09
Nov
Nov
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 […]
27
Sep
Sep
Taking out loans for any type of real estate puts buyers at risk of foreclosure if they cannot afford the monthly loan payments. While you may not think of this affecting you while living in a rental property, it can. In today’s blog post, we’ll review what happens when a rental property faces foreclosure and […]
14
Sep
Sep
Owning rental properties comes with a lot of responsibility. One of the most important tasks for landlords and property managers is keeping up with rental repairs and maintenance. However, if you don’t account for these expenses within your budget, they can put a major dent in your rental income. As such, it’s crucial to know […]
06
Jul
Jul
Whether renting an apartment or moving into a new neighborhood, establishing a good relationship with your neighbors can help you feel more a part of the community. Luckily, connecting with your neighbors doesn’t have to be complicated. In today’s post, we’ll review what makes a good neighbor and seven strategies for establishing good relationships with […]
21
Jun
Jun
The rental market constantly changes due to factors like hanging who is renting, new technology, and what tenants look for in a home. While looking at the future of rental housing, it’s crucial to pay attention to trends that will shape the market the most. Whether it’s smart technology, sustainability, or affordability, understanding rental trends […]