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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Many landlords ask, ‘is rental income taxable?’ ’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. Is Rental Income Taxable? As property management in Baltimore can tell you, renting out a property is a business.

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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

Have you ever wondered how to quickly assess whether a tenant can afford your rental property? The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. What is Rent-to-Income Ratio? Read on to learn more and make informed decisions.

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Buying a Second Home and Renting Out the First: A Guide

Bay Property Management Group

Are you considering renting out your first home and buying a second one to live in? Whether youre downsizing, relocating, or need more space for your growing family, turning your first home into a rental can be a smart move. There are a few considerations to make before buying a second home and renting out the first.

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How to Maximize Rental Income Without Raising Rent

Bay Property Management Group

As a landlord, finding ways to boost rental revenue is always a top priority. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. This article discusses doable tactics that will help you save vacancies, maintain satisfied tenants, and maximize rental income.

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Can You Pay Rent After an Eviction Notice?

Bay Property Management Group

Whether its paying overdue rent, negotiating with your landlord, or exploring legal protections, taking the right steps can make all the difference. So, can you pay rent after receiving an eviction notice? Maryland law even allows tenants to redeem their lease by paying rent and late fees before the court finalizes the eviction.

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Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

This tool helps investors determine how much income a property generates in relation to its cost. In this article, we’ll break down exactly why your rental yield is essential to use, how to find it, and finally, how to calculate it for your property. What Is the Rental Yield (and Why Does it Matter?)

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What Is Vacancy Loss & How to Calculate It

Bay Property Management Group

If you have severe vacancy loss, it could be the death knell of your rental business. In this article, we’ll explain what vacancy loss is and why it matters, how to calculate it, its common causes and solutions, and even answer frequently asked questions. Should I lower my rent to reduce vacancy loss?

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