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How Much do Property Managers Charge in Charlotte, NC? Property Management Fees Explained

Bob Abbott - Tuesday, April 18, 2017

How much do property managers charge in Charlotte, North Carolina? This is generally one of the first questions we get from potential clients. We are more than happy to answer it, but property management fees really depend on what you want the property manager to do for you.  Read More

How Long Does it Take to Rent out a House in North Carolina? Charlotte Property Management

Bob Abbott - Tuesday, April 11, 2017

Renting out a property can happen quickly or take a long time, depending on a few important things. Let’s look at what the numbers say. Pulling data from over 1,600 homes that have rented within five miles of uptown Charlotte in the last 12 months, the average time to rent a home is 35 days. There was a home that rented in zero days and a home that took 379 days to rent (that one rented for $8,000 per month). So, 35 days is the average, and we can pull specific data to help you figure out how long it will take to rent out your particular home. There are a number of factors that can influence how long that will take. We’re talking about four key things that will increase or decrease the amount of time it takes to rent your home.    Read More

Top 5 Charlotte Property Management Companies and How to Pick the Best One

Bob Abbott - Wednesday, March 15, 2017

Potential clients often ask us what makes a good property management firm, and today we’re talking about the top property management companies in Charlotte, NC. Through our involvement in the National Association of Residential Property Managers (NARPM), and the Charlotte Regional Realtor Association, we’ve gotten to know a lot of the best companies providing Charlotte property management, and we can recommend them to someone when it turns out we’re just not a good fit.    Read More

Charlotte NC Multi-Family Property Investing: How to Turn Around Underperforming Rentals

Bob Abbott - Wednesday, March 08, 2017

At Alarca Realty, we have turned around underperforming multi-family properties a couple of times in the last few years. We were successful with a 60-unit property and a 40-unit property. I want to share those stories with you so you can get an idea of what’s involved in multi-family property investing.     Read More

When Should I Fire my Current Charlotte Property Management Company?

Web Admin - Thursday, May 21, 2015

Today, we’re addressing a question we get a lot, which is: when is it appropriate to fire my property management company? We get calls all the time from people who are unhappy with their current management firm, and we always ask them why. We get the same three or four responses every time.  Read More

North Carolina Property Manager Education: Why Charlotte Landlords Consistently Lose Evictions

Web Admin - Saturday, May 16, 2015

Today, we’re talking about evictions and why landlords typically lose eviction cases, particularly in Mecklenburg County. Many of these things will pertain to other counties in North Carolina as well.  Read More

Why You Need to Choose a NARPM Property Manager to Manage Your Charlotte Rental Home

Web Admin - Wednesday, May 06, 2015

I am the current president of the Charlotte chapter of the National Association of Residential Property Managers (NARPM), and today we’re going to talk about why it is important that your property manager is a member of NARPM.  Read More

You Can Cashflow Your Investment Property in Charlotte

Web Admin - Wednesday, May 07, 2014

People ask all the time why they should invest in Charlotte. First of all, compared to many cities, especially cities further north, you can buy homes here inexpensively. It’s very easy to find a property for under $100,000. You can even find high quality homes for under $70,000. If you’re willing to expand your horizons and invest in an older home, you can even find something that costs as little as $30,000 or maybe $25,000. People from the north who live in expensive communities don’t understand that Charlotte is a very different market. We have strong rental properties in all price ranges. This explains why hedge funds have been buying thousands of homes over the last few years. They know the properties are undervalued by about 20 to 30 percent.  Read More

How Long Does it Take to Evict a Tenant in Charlotte?

Web Admin - Thursday, May 01, 2014

Our topic today is the process of evicting a tenant in North Carolina. Under North Carolina law, you have to give a 10 day written notice to the tenant demanding payment before you can evict. This is required, or the courts won’t recognize your eviction proceeding. If your lease waives this 10 day requirement, you can start the eviction process whenever you want. As soon as a tenant is late with rent, you can get started. That’s why it’s a good idea to include a clause in your lease that waives the 10 day notice period.  Read More

Where to Buy Investment Property in Charlotte

Web Admin - Wednesday, April 23, 2014

Today we are talking about where to buy investment property, and this is going to expand on the blog we wrote on why to invest in Charlotte. First, decide on your investment objectives. Are you looking for cashflow, price appreciation or some mix? We always recommend that investors go for a mix. You want to purchase properties that will cashflow easily and once you are comfortable in that part of the market, you want to buy a property with great appreciation potential. You will get long term investment gains as well as immediate rental income.  Read More

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