Charlotte Property Management Weekly: Better to Rent or List Your Home for Sale? 3 Question Litmus Test
This seems to be a FAQ these days. As a property manager in Charlotte, we get many calls from people asking themselves this question.
I didn’t think there was a one-size-fits-all answer to this, but I was corrected. It just seems to come down to who you ask.
Learn MoreCharlotte Property Management Weekly: Importance of Getting Paid from Rentals in the Next 5 Years
According to an article in Barron’s this month, the future of the real estate market is in rentals for the next five years. Most real estate agents are hoping this news is akin to the Bush White House claiming the existence of Iraqi weapons of mass destruction (WMD); hopefully, it is just another example of faulty American intelligence.
Learn MoreCharlotte Property Management Weekly: Wouldn’t You Want the Market to Know Your Rental is For Sale?
However, in an increasingly illiquid market, most wanna-be sellers are turning to the rental market to decrease the short-term pain of monthly payments on their vacant homes. What they really want to do is sell (and not of the short variety).
Learn MoreCharlotte Property Management Weekly: 52 Consecutive Weeks of Writing- Some Random Thoughts on the Real Estate Industry
Writing a blog every week is hard! My hats are off to the people who write multiple times a week, and especially to those that do it every day- kudos!
Learn MoreCharlotte Property Management Weekly: Rent-To-Own- Just like Burger King for Buyers and Sellers
A lot of banks don’t like Burger King. Why do I say that? It’s simply because they don’t want you to “Have it Your Way.”
Learn MoreCharlotte Property Management Weekly: Making Rent-To-Sell’s Story Sound like BP’s
2. Misery. Agony. It will definitely lead to eviction which means years of court battles that will make the OJ trial seem like a traffic ticket. Once the tenant moves in, your life will be drastically different. It’s like having another child; be prepared to be over to your old house weekly at 1 AM to fix the toilet. I feel I must present this offer to you, but I would highly recommend against it.
Learn MoreCharlotte Property Management Weekly: When Will Rental Rates Rise?
Which leads to the question we really care about: When can we raise the rents to my properties? In short, soon. Why is that?
Learn MoreCharlotte Property Management Weekly: The Only Property Management Question You Need
Here’s the logic: if you put the average Charlotte house up for rent for $100, we could have someone locked up today to rent it. Conversely, if you put your house up for rent for $10K today, it would take us years to fill with a tenant (if ever).
The equation is:
Learn MoreCharlotte Property Management Weekly: Solving the High-End Home Sales Stagnation with Rentals and Rent-To-Own
Many are realizing that they need a solution to get them past the next few years. They are starting to explore rental and rent-to-own options. They’ve heard the horror stories that people tell about renters, but they can also do basic math.
What do I mean by that?
Learn MoreCharlotte Property Management Weekly: The Top 3 Reasons Why Good Property Managers Matter More Now (Reason #3)
3. The skills needed for selling a home have (and will continue) to trend to more of a solution-based, “cash now, sell later” approach; outright sales are becoming scarcer as there are less qualified buyers available in the market
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