Best Way to Communicate with Tenants | Oak City Properties
Best Way to Communicate with Tenants | Oak City Properties
What is the best way to communicate with tenants? This is a question that many homeowners have and in this article, we'll cover what you need to know about communicating with your renters.
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What is the best way to communicate with tenants? This is a question that many homeowners have and in this article, we'll cover what you need to know about communicating with your renters.
What is the best way to communicate with tenants? This is a question that many homeowners have and in this article, we'll cover what you need to know about communicating with your renters.
Best Way to Negotiate Rent Increases While tenant turnover can lose money, not increasing the rent can also be a financial drain. Landlords need to understand how to tactfully and effectively raise the rentโฆwithout losing the tenant. To help, our experts at Oak City Properties put together a list of considerations when raising the rent and how to properly navigate the process.ย Know the Market The first step in a rent increase is to know the market. While there is no standardized mathematical...
Best Way to Negotiate Rent Increases While tenant turnover can lose money, not increasing the rent can also be a financial drain. Landlords need to understand how to tactfully and effectively raise the rentโฆwithout losing the tenant. To help, our experts at Oak City Properties put together a list of considerations when raising the rent and how to properly navigate the process.ย Know the Market The first step in a rent increase is to know the market. While there is no standardized mathematical...
Understanding Your Money Flow Owning a rental property can be a wise investment, especially in North Carolina. With Raleigh and the greater Triangle Area averaging a rental rate increase of 11.2% since last year, the statistics show that the money is there and prime for the picking. However, while the trend has shown an increase in people choosing to rent, itโs always wise to understand the financial responsibility of owning investment properties.ย Hidden Costs When everything goes well in th...
Understanding Your Money Flow Owning a rental property can be a wise investment, especially in North Carolina. With Raleigh and the greater Triangle Area averaging a rental rate increase of 11.2% since last year, the statistics show that the money is there and prime for the picking. However, while the trend has shown an increase in people choosing to rent, itโs always wise to understand the financial responsibility of owning investment properties.ย Hidden Costs When everything goes well in th...
How to Handle Tenant Repairs For both landlord and tenant, it is never fun dealing with repairs! Landlords often struggle to keep up with a rental propertyโs demands, while tenants donโt want to live in a home that isnโt functioning correctly. To help combat rental repairs, a landlord must implement a system to handle property maintenance and emergency repairs quickly and efficiently.ย What Is a Landlord Required to Fix?ย North Carolina law states that landlords must keep their propertie...
How to Handle Tenant Repairs For both landlord and tenant, it is never fun dealing with repairs! Landlords often struggle to keep up with a rental propertyโs demands, while tenants donโt want to live in a home that isnโt functioning correctly. To help combat rental repairs, a landlord must implement a system to handle property maintenance and emergency repairs quickly and efficiently.ย What Is a Landlord Required to Fix?ย North Carolina law states that landlords must keep their propertie...
Holidays can be stressful, especially if you're planning to move during that time. This article offers tips for throwing a successful holiday party and moving into your next home at the same time.
Holidays can be stressful, especially if you're planning to move during that time. This article offers tips for throwing a successful holiday party and moving into your next home at the same time.
What Every Property Investor (and Landlord) Should Know The current housing market is in a state of โmismatchโโ housing prices are rising due to the lack of supply, but the demand is ever-present. In fact, the Raleigh housing market is a prime example of this mismatch between supply and demand!ย With the influx of individuals flocking to the Raleigh-Durham area and the millions of millennials entering the home buying market, there arenโt enough properties to accommodate everyone migrati...
What Every Property Investor (and Landlord) Should Know The current housing market is in a state of โmismatchโโ housing prices are rising due to the lack of supply, but the demand is ever-present. In fact, the Raleigh housing market is a prime example of this mismatch between supply and demand!ย With the influx of individuals flocking to the Raleigh-Durham area and the millions of millennials entering the home buying market, there arenโt enough properties to accommodate everyone migrati...
With maintenance and tenant concerns at the forefront of every landlordโs mind, reporting and accounting only seem to come into play around tax time when it comes to property management. As an experienced property management company, we understand that tracking your profits and expenses is crucial each year. This article touches on ways to stay organized as a landlord or real estate investor.
With maintenance and tenant concerns at the forefront of every landlordโs mind, reporting and accounting only seem to come into play around tax time when it comes to property management. As an experienced property management company, we understand that tracking your profits and expenses is crucial each year. This article touches on ways to stay organized as a landlord or real estate investor.
Are you selling your home? If so, it's important to make sure the asking price is in line with the market. This article gives you a few signs that your asking price is too high and how to adjust it accordingly.
Are you selling your home? If so, it's important to make sure the asking price is in line with the market. This article gives you a few signs that your asking price is too high and how to adjust it accordingly.
What That Means for Raleigh Investors and Landlords Landlords around the country are scratching their heads about the current housing and rental market. Looking into the proverbial rearview mirror, we saw a thriving rental market throughout all of 2021 and early 2022, but now things look considerably different. This leads many to ask the question, whatโs changed and how will that affect the Raleigh Market?ย ย Evictions on the Rise The rental rate bubble has gone up a staggering 24%, while the...
What That Means for Raleigh Investors and Landlords Landlords around the country are scratching their heads about the current housing and rental market. Looking into the proverbial rearview mirror, we saw a thriving rental market throughout all of 2021 and early 2022, but now things look considerably different. This leads many to ask the question, whatโs changed and how will that affect the Raleigh Market?ย ย Evictions on the Rise The rental rate bubble has gone up a staggering 24%, while the...
4 Ways to Value a Property There are four primary approaches a real estate investor can use to evaluate the potential value of a rental property.ย Sales Comparison Approach (SCA)Gross Rent Multiplier Approach (GRM)Cost ApproachIncome Approach While no method is perfect, the rule of thumb is to use more than one approach on the same property to get a better picture of the value.ย Sales Comparison Approach The sales comparison approach (SCA), also known as โcompsโ or the price-per-square-foo...
4 Ways to Value a Property There are four primary approaches a real estate investor can use to evaluate the potential value of a rental property.ย Sales Comparison Approach (SCA)Gross Rent Multiplier Approach (GRM)Cost ApproachIncome Approach While no method is perfect, the rule of thumb is to use more than one approach on the same property to get a better picture of the value.ย Sales Comparison Approach The sales comparison approach (SCA), also known as โcompsโ or the price-per-square-foo...