Top 5 Tips to Save the Most on Your Investment Property
It is nearly tax time again. Owning a profitable investment property is…
No property management company has a better Raleigh area reputation than Victory. Whether you’re a landlord & rental investor who’s looking to review what rental companies have the best rental marketing tools, most consistent service, and bottom-line results, or a renter who’s unfamiliar with the Triangle area, we’ve got your rental housing needs covered. Our 3D rental tours, professional property photos, contactless listing showings, ACH rental payments, and an entirely cloud-based rental management system, make Victory properties & service are the most sought out by rental owners and excellent tenants
No doubt most landlords have read the headlines regarding the record number of renters in the US these days. Well for our local markets, things are no different. As a result of this massive shift in habits, it stands to reason that landlords and property management alike could glean great insights that may give them an edge over their competitors. The rental market is strong and healthy, however, it’s still quite competitive out there, and minor adjustments can have a BIG impact on a rental investor’s bottom-line profitability.
When we’re asked if the rental market is strong, we always have the same response. The rental market is strong and very fluid these days, meaning you have a lot of supply AND a lot of demand. Whether it’s landlords selling, or renters moving, investment properties tend to change hands a lot these days. Renters tend to move much more often than in the past, likely because they usually have a lot of great properties to choose from if the one they’re currently in doesn’t meet their needs. So while there is no shortage of tenants, it’s easy for a landlord or property manager’s marketing to fall through the many cracks, and lead to long vacancy or mistakes in tenant selection.
Download the FREE Report “Top 10 Ways to Maximize Your Rental Property Return on Investment (ROI)”
How do I start renting my house?
1-Know the laws [renter/tenant rights, landlord rights, and Fair Housing]
2-Decide if you will be renting yourself or hiring a property management company
3-Decide on a sound rental rate for your market
4-Research how you will list your rental property online
5-Inspect the property and perform required maintenance
6-Create the appropriate banking accounts per state order
Is renting out a house a good idea?
Renting out your house can be a very smart and lucrative decision. Determining your costs and benefits of renting your home is key. Accurate pricing, knowing state and federal landlord tax laws, and understanding the future market will be pivotal in the success of your rental home.
Do you need a real estate license to be a property manager in NC?
The exact requirements can vary by state or municipality. North Carolina does require that if you intend on renting your home but do not intend on collecting rental funds as the owner of the rental property, you must either be a licensed broker or be employed by one. Simply, your friend that used to work in an apartment complex cannot lease out or collect rental funds on your behalf.
Who are the best property management companies near me?
Without being partial, that’s really a preference question. However, here is our list of things to be on the lookout for in a great property manager:
-Communication: Are your questions answer quickly, clearly, and kindly?
-What do their references or reviews have to say?
-Has the rental process been explained clearly and do you agree with it?
-Are their rental home listings clear and descriptive or thrown together?
-Are the representatives knowledgeable and confident?
How much do most property management companies charge?
Property management company fee’s vary widely based on the type of service, season, and property management company you choose. Average monthly fee’s can be around 10% while some companies may charge a flat monthly rate.
Should I use a property management company for my rental?
Being a landlord can be both fun and easy. With free property, management software available (Cozy) do-it-yourself landlords have never had it easier! However, the largest consumption of being a landlord is your time. Advertising your rental home, processing applications, emergency maintenance calls, and the unfortunate eviction can add up to hundreds of actual dollars and your time value.
Should I rent my house or sell it?
According to RocketHomes.Com,“When you sell a home, that’s the extent of the money you will make on the property. But if you hold it as a rental, you could continue to earn money every month, realize tax advantages and, ideally, see appreciation.” We couldn’t have said it better ourselves! With the expanding real estate market, now is the perfect time to invest into rental property.
Are Property Management Fee’s tax-deductible?
Yes! Property management fees, and even most maintenance items, are tax-deductible as they pertain to your rental property.
Overview of Raleigh, NC
Raleigh, NC is located in the Piedmont region of North Carolina, a short 2 hours from the beach and about 3 hours from the mountains. Raleigh is North Carolina’s State Capital and is a bustling area! Nestled between Raleigh, Durham, and Chapel Hill, “The Triangle” is the Research Triangle Park. This area encompasses miles of office parks and manufacturing facilities. The city is part of Wake County. The population of Raleigh is 423,179 people. You might hear Raleigh referred to at times as “The City of Oaks.” Raleigh is typically referenced in four different regions by locals. There is… The Raleigh Metro Area, Old Raleigh, West Raleigh, and North Raleigh.
Awards
#8 Among America’s 50 Best Cities to Live (Cary) – 24/7 Wall St., September 2014
#2 Among 2014’s Most Educated Cities (Raleigh MSA) – WalletHub, September 2014
#1 Among The U.S. Cities Attracting The Most Families (Raleigh MSA) – Forbes, September 2014
#2 Among America’s 15 Best Cities for Young Professionals (Raleigh) – Forbes, August 2014
Among America’s Coolest Cities 2014 (Raleigh) – Forbes, August 2014
#4 Among Top 10 Happiest Metropolitan Areas (Raleigh) – University of British Columbia, July 2014
#1 Among The Best Places for Business and Careers 2014 (Raleigh) – Forbes, July 2014
#3 Among 10 Least Stressed Out Cities (Raleigh) – CNNMoney, June 2014
#3 Among 10 Fastest Growing Cities (Raleigh) – CNNMoney, March 2014
#6 Among Top 10 U.S. Value Destinations (Raleigh) – Hotwire, March 2014
#2 Among America’s 20 Fastest-Growing Cities (Raleigh) – Forbes, February 2014
#13 Among The 15 U.S. Cities that are Driving the Future (Raleigh-Cary) – Business Insider, January 2014
#9 Among U.S. Regions to Watch in 2014 (Raleigh) – Forbes, January 2014
Raleigh History
Founded as North Carolina’s state capital in 1792, Raleigh reaps many rewards for history lovers. Visit the State Capitol building to learn about secret rooms, ghost stories and the principles upon which the State of North Carolina was founded… while viewing George Washington in a Roman toga!
Historic Oakwood is a Victorian-style neighborhood and features an old graveyard full of once-prominent Raleigh area figures. Among several historic homes to tour is the North Carolina Executive Mansion, which was constructed entirely of materials from our state.
If you really want to taste the history of the area, stop in a local tavern and try the Cherry Bounce, an alcoholic beverage that played a key role in determining where the state’s capital would be relocated. Read More at www.visitraleigh.com/things-to-do/history
Raleigh and Nearby Attractions
North Carolina State Capital
North Carolina State University
Brier Creek Commons
Crabtree
Walnut Creek Amphitheater
Neuse River Trail
Mordecai Historic Park
North Carolina Museum of Natural Sciences
Pullen Park
North Carolina Museum of Art
PNC Arena
Raleigh Convention Center
http://raleighncrent.com/raleighncrentals/
Introduction to Cary, North Carolina
Cary NC, in Wake county, is 8 miles W of Raleigh, North Carolina.The town is conveniently located inside the Raleigh – Durham – Chapel Hill metropolitan area. There are an estimated 94,536 people in Cary.
Cary History –
The present day town of Cary was originally known as Bradford’s Ordinary. It was first settled in 1750. The area became a major transportation route when the North Carolina Railroad first entered the area in the mid 1800s. A farmer and lumberman from Wake County, Allison Francis “Frank” Page and his wife, Catherine “Kate” Raboteau Page, purchased the land in 1854 and named it Cary. It was named after Samuel Fenton Cary, a prohibitionist and former Ohio congressman. The town was officially incorporated on April 6, 1871. Page became the first mayor of Cary.
Fred G. Bond Metro Park
Page-Walker Hotel Arts & History Center
Hemlock Bluffs Nature Preserve
J.C. Raulston Arboretum
American Wildlife Refuge
Jordan Lake State Recreation Area
Things To Do In Cary
While staying in Cary, one can plan a trip to the Hemlock Bluffs State Natural Area. Fishing and boating can be enjoyed on the MacGregor Downs Lake, Hoffman Lake, and Holiday Acres Lake. Some of the local parks are the Annie L. Jones Park, Sears Farm Road Park, White Oak Park, MacDonald Woods Park, Fred G. Bond Metro Park, and North Cary Park. The Town of Cary organizes numerous annual events and festivals including the Art Quilt Show, Martin Luther King Jr. Dreamfest, and Spring Daze Arts & Crafts Festival.
Cary Transportation
Raleigh-Durham International Airport is nearby.
Cary Higher Education
Meredith College, Shaw University, and Wake Technical Community College are close to the town.
– See more at: http://www.citytowninfo.com/places/north-carolina/cary#sthash.q20HTmFz.dpuf
http://raleighncrent.com/carync/
Introduction to Garner NC
In Wake county, Garner is 4 miles S of Raleigh, North Carolina.The town is located in the Raleigh – Durham – Chapel Hill metropolitan area. Garner has a population of 17,757.
Garner History
The present day town of Garner was established in 1847. The North
Carolina Railroad first entered the area in the 1850s. Originally, the area was named Garner’s Station after its founder, H.C. Garner. The town’s first post office was established in 1878, and Thomas Bingham was the first postmaster. The town was incorporated in 1883, and it was renamed Garner in 1905.
Garner and nearby Attractions
Museum of Natural Sciences
J.C. Raulston Arboretum
Playspace Children’s Museum
Marbles Kids Museum
Hemlock Bluffs Nature Preserve
State Capitol
Things To Do In Garner
While in Garner, you can visit Lake Benson Park, Greenbriar Park, Garner Recreational Park, and Rand Mill Park. The town also offers easy access to the Raleigh City Museum, North Carolina Museum of History, William B. Umstead State Park, Raven Rock State Park, and North Carolina State Museum of Natural Sciences. In addition, the town also organizes a number of recreational events and special programs throughout the year.
Garner Transportation
The nearest international airport is Raleigh-Durham International Airport.
Garner Higher Education
Wake Technical Community College, North Carolina State University at Raleigh, and Shaw University are nearby.
– See more at: http://www.citytowninfo.com/places/north-carolina/garner#sthash.svG9kzgO.dpuf
http://raleighncrent.com/garnernc/
Introduction to Apex, North Carolina
Apex, North Carolina is 5 miles SW of Cary, North Carolina (center to center) and 12 miles W of Raleigh, North Carolina.It is in Wake county. The town is part of the Raleigh – Durham – Chapel Hill metro area. The population of Apex is 20,212.
Apex History
Apex was incorporated as a town in 1873. It was named Apex because it is the highest point on the Chatham Railroad, running from Richmond, Virginia, to Jacksonville, Florida. Apex Union Depot, which presently houses the Apex Chamber of Commerce, was originally a station for the Seaboard Air Line Railroad. Later on, it also served as the Apex Community Library.
Apex and nearby Attractions
Jordan Lake State Recreation Area
Apex Union Depot
American Wildlife Refuge
Hemlock Bluffs Nature Preserve
State Capitol
North Carolina Museum of Art
Things To Do In Apex
During your stay in Apex, you can spend time at the Jordan Lake State Recreation Area. One can also enjoy fishing and boating on Apex Lake. The town also has several houses of worship including the True Way Church and Matthew Chapel. The American Wildlife Refuge is also nearby.
Apex Transportation
Raleigh-Durham International Airport can be reached within a few minutes.
Apex Higher Education
Meredith College and Wake Technical Community College are the nearest colleges.
– See more at: http://www.citytowninfo.com/places/north-carolina/apex#sthash.FKsjtxaO.dpuf
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