article thumbnail

Distressed Property: What It Is And How To Invest

Bay Property Management Group

In the world of property management in Philadelphia PA , we often come across properties with stories that took an unexpected turnthese are what we call distressed properties. If you make upgrades, you can attract higher-paying tenants or buyers. But what actually makes a property distressed?

IT 130
article thumbnail

What is Coliving in Real Estate: A Guide for Investors

Bay Property Management Group

As our Baltimore property management company can tell you, in simple terms, coliving is a modern way of sharing a home. Tenants get their own private bedroom, often with its own bathroom. For instance, they handle marketing, tenant management, utilities, and upkeep. Read below to learn more. They’re a one-stop-shop.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

A property manager who has a solid reputation is able to negotiate obstacles more effectively and offer insightful advice due to their extensive experience. Does your property management team adequately screen potential tenants? One of the most important things for property owners to do is to locate and retain good tenants.

article thumbnail

Maximize your rental business with small landlord property management software

Buildium

Residential rental property landlords have a lot to gain from these advanced tools, from easier tenant management to more accurate, less time-consuming accounting. Investing in small landlord property management software can pay you back in dividendsif you know how to spot the best platform and use it to its fullest extent.

article thumbnail

Understanding Tenant Rights and Responsibilities: A Guide for Property Managers

American Apartment Owners Association

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment. Lawrina is an excellent legal resource.

article thumbnail

What Is GCI (Gross Commission Income) In Real Estate?

Bay Property Management Group

As experts in rental property management in Northern Virginia , we can tell you that the Gross Commission Income (GCI) is simply the money agents make from real estate transactions. Ever wondered how real estate agents make their money from a property deal? It all comes down to something called GCI (Gross Commission Income).

article thumbnail

How to Choose the Best Property Management Software for Your Business

Fourandhalf

There are many different factors at play when choosing the best property management software for your company: your growth plans, how your company is structured, and what types of properties you manage. The property management industry has changed. Generally speaking, property management software takes care of your operations.