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Property Management Blog

Thursday, June 27, 2024

Ultimate Guide to Rent Collection in Charlotte, NC
Nonpayment of rent is the most common reason for evictions in the US.When you look for tenants, you screen them using credit checks. These tell you more about an applicant's financial history. If they've got poor credit, it's less likely that they'll pay rent on time every month. Good credit makes it probable that they can...

Friday, June 21, 2024

5 Essential Things to Know About Security Deposits in Charlotte, NC
Security systems like cameras or fences keep intruders out of your rental property. Security deposits have a similar purpose.They'll ensure you accept responsible tenants and help repay the damage if you don't. They're a necessary but highly regulated part of being a responsible landlord.Read on for five of the most essential ...

Wednesday, May 29, 2024

How to Start Preparing Your Homes for Rent Charlotte, North Carolina
Nearly half of Charlotte's residences are occupied by renters.If you're a new property investor, this is great news. Renting out your property will bring in plenty of income, but contrary to what most people say, it's not "passive" income as such. Before it can become that, you need to put in some work.In today's...

Wednesday, May 22, 2024

Managing Your Portfolio Risk With Professional Property Managers
Real estate investing has the potential for high returns, but like any lucrative investment, it also comes with risk. Imagine if you'd been heavily invested in vacation rental property during the COVID-19 lockdowns. A once-profitable arrangement could've become a money sink overnight.Smart investors realize that risk exposure is p...

Tuesday, April 30, 2024

Why a Leasing-Only Service is the Ideal Choice for Busy Charlotte Property Owners
There are upwards of 50 million individual rental units in the United States. Rentals can be a great source of passive income. That term might be deceptive though, as they require a lot of hard work and expertise.For this reason, property owners often outsource services, like leasing, to third parties. There are many advantages to this.Th...

Thursday, April 25, 2024

The Dos and Don'ts of Conducting a Tenant Criminal Background Check in Charlotte
As a landlord, performing a criminal background check is a key part of the tenant screening process. According to Rental Research Services, landlords found that over 25 percent of their applicants had some criminal record.If you use a tenant criminal background check as part of your process, there are some important things you need to kno...

Sunday, March 31, 2024

For Rent By Owner: Rules in Charlotte, NC
So you've decided to save some money and handle your rental property yourself. You don't choose to hire a property management team, and you are now a for-rent-by-owner landlord.However, you might not realize how much work this entails. More importantly, you might not know about the rules and regulations regarding landlords in Char...

Thursday, March 28, 2024

Eviction Protection for Property Managers: Laws and Preparation
Are you thinking about evicting a bad tenant? Don't get caught off guard by the cost of eviction. Eviction court costs and other fees can sometimes deter landlords from evicting bad tenants.However, a property management company can offer some cushioning. With an eviction protection plan in Charlotte, NC, your cash flow is protected. ...

Thursday, February 29, 2024

4 Maintenance Coordination Best Practices for Charlotte, NC Landlords
You expect everything to remain in perfect condition whenever you buy anything expensive.If not, you'd probably take it back to the shop. And you'd probably notice even the slightest flaw in a new car, piece of jewelry, or gadget, fixing it before it worsens.Yet, many rental landlords in Charlotte, NC, take unnecessary risks with ...

Friday, February 23, 2024

Understanding Tax Statements and 1099s as a Charlotte, NC Landlord
As a Charlotte, NC, landlord, you are bringing in the big bucks!However, when tax season rolls around, you realize you owe back some of the hard-earned money you made. While paying taxes is unavoidable, there are ways to reduce your tax liability.By understanding tax statements and 1099s, you can accurately report your income and expenses...

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