New Hanover County will be raking in money from cash-strapped rental property owners as the new year begins, and there’s little landlords can do about it this time around. While not entirely new, the county is continuing to squeeze every dime from residential landlords through its ‘updated’ personal property tax policy. Official New Hanover County’s…
When you’re managing a rental property, it’s essential that you do everything in your power to find good tenants. You want tenants who will take care of your home and pay their rent on time, but you also need to make sure they won’t cause any problems for neighbors or other tenants in the building….
Property management is a complex industry and it can be difficult to understand how property managers make money. It’s important to understand the different sources of income for property managers so you can make an informed decision when selecting a property manager. Property managers can make money through rental fees, management fees, and other services,…
Before we get into the nitty gritty details of what it costs to own a rental property in today’s market, let’s first define “property management”. Simply put, property management is the process of managing all aspects of owning a real estate asset. This includes everything from collecting rents on time and keeping track of repairs,…
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