Owning rental properties has long been a great investment, that is, until the repair bills come due․ Bay Property Management Group surveyed rental property owners throughout the Mid-Atlantic to see how they are doing in today’s rental market․ We wanted to understand...
In the rental property business, landlords are mandated by law to provide a safe, secure, and habitable place for their tenants to live in. But what if you’re faced with a landlord not fixing issues and repair requests in your rental? What do you do? To answer this...
Can you ask for an extension on rent from your landlord? Generally, you can. However, it is still up to your landlord’s discretion whether they’ll approve your request or not. With this in mind, here’s a quick guide on how to request a rent extension and increase your...
Ever wondered when your landlord can raise rent? In Northern Virginia, state laws allow landlords to raise tenants’ rent at the end of each lease term. This means that, in a full-term contract, your landlord can increase the rent price every year. However, other...
Seasonal maintenance is essential for all rental properties. That said, as we continue into the fall season, landlords must think about autumn curb appeal. The first thing prospective renters notice about a rental property is the exterior. If there’s no curb...
It’s becoming snow time again for many in Virginia, Maryland, and other parts of the country. Preparing yourself for the cold and snow is an annual task this time of year. As the Boy Scouts say, be prepared. For landlords and tenants, that means understanding...
Ethical behaviors are a hot topic in the landlord community. The landlord profession, by nature, can lead you to situations where you must make difficult choices. After all, being a housing provider is a hefty responsibility. In today’s article, we’ll...
Knowing how to pick a real estate rental property is an art. There are certain measures of what makes a good investment property that can make or break your success. They could be the difference between profits and peril. So, check that you’ve left no stone unturned...
If you’re buying a single-family investment property, there are multiple funding options to choose from. Needless to say, though, not every funding type works for every investor—especially if you’re a first-time investment property buyer. It’s critical to weigh each’s...
For landlords, homeowners, and investors, understanding the many types of leases can be a complicated and dizzying task. You’re not a lawyer, so expecting to be an expert on all the various contract terms, addendums, and classifications can be mind-numbing. Yes,...
