So far in 2024, we have gotten immense push back on reducing rental rates. Many landlords fear dropping below past lease rates. The market ignores old numbers. Major cities show falling rents. For example, rents in Raleigh have dropped 10%. We predicted a decline for our higher-end rental homes. Still, we were surprised by such…
NC Legal Aid’s Misguided Crusade in Durham: A Call to Realign Priorities The expansion of Legal Aid in Durham County, North Carolina, is not just a misstep. It is a misguided crusade with potentially dire consequences for the local housing market. While the intentions might appear noble—protecting vulnerable tenants from unfair evictions—the reality paints a…
Navigating Skyrocketing Homeowners Insurance Rates Due to Climate Change and Inflation If you’re a homeowner landlord, you’ve likely noticed your homeowners insurance premiums increasing substantially in recent years due to the increasing frequency and severity of natural disasters fueled by climate change. From hurricanes and wildfires to flooding and severe storms, insurers are being forced…
The Weak Property Management Company’s Sleight of Hand: Focusing on Cost to Distract From Poor Performance In the world of property management, there is one surefire way mediocre firms attempt to distract owners and investors: by incessantly highlighting the costs of their services. This tactic represents a classic “look over here” sleight of hand to…
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