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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

In the meantime, your tenant’s renter’s insurance can help cover the costs. What Happens if Someone Gets Hurt on Your Rental Property? Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you.

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). Essentially, they must take care of the property and its tenants.

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What Is Debt-To-Income Ratio (DTI): What Investors Need to Know

Bay Property Management Group

As property managers in Baltimore, we can tell you that debt-to-Income Ratio (DTI) is a huge factor lenders look at to gauge how risky it is to lend to you. Essentially, lenders use it when reviewing mortgage applications to see if you can afford a property loan. Ready to take control of your finances?

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Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Property management feels like that. Whether you're managing a bustling office building or a cozy duplex, the details matter. But here's the real kicker—not all property management is created equal. These properties generate income, accommodate businesses, and support trade.

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Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” Once the dust settles and your lease has finished, are pet deposits refundable? O ur residential property management in Northern Virginia will break it down for you. At Bay Property Management Group, weve got you covered!

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Feeling Worn Out? Seven Signs It’s Time to Hire a Property Manager

RL Property Management

Plenty of self-managing landlords hit a point where managing their rental turns into a second job they never signed up for. Lets walk through the most common signs that DIY property management isnt working anymoreand what you can do about it. You’re Spending Too Much Time on Management Tasks 2.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. By understanding your options, you can make informed decisions to protect your rental property investment and ensure long-term financial security. What is landlord liability insurance?