A Guide to Protecting Your Out of State Investments in Charlotte

The best way to protect your Charlotte investment home from out of state is by working with a professional Charlotte property manager. If you’re not living in the local area, you need someone who can get to the property quickly in case of an emergency. You need someone who knows the local laws and understands the local market.

You don’t need to live in Charlotte to invest here. We work with rental property owners who are in other states and even other countries. Charlotte is an excellent place to buy rental property; prices are reasonable and rents are high. However, if you’re going to invest from out of state, the only way to protect that property and have a successful investment experience is with professional Charlotte property management.

Local Charlotte Property Management

Almost everything can be done online these days, and our investment in technology has helped us modernize and automate a lot of what we do when we’re managing your rental home. There’s still a lot of in-person activity that’s required, however, especially when we’re talking about a physical asset and not an intangible financial product.

Local property management is also important for your residents. With a real estate investment, you need professionals who are just minutes away and able to take immediate care of both the asset and the people living in it. You won’t be able to manage maintenance emergencies from out of state, and you won’t be able to show a vacant property. You need someone who can collect rent and enforce the lease. You need to make sure your tenants aren’t damaging the home or creating a dangerous environment.

Vendor Relationships and Charlotte Rental Property Maintenance

When you cannot take care of maintenance and repair needs on your own, it’s important to have great relationships with vendors. You need a team of plumbers, contractors, cleaners, landscapers, roofers, electricians, and painters who can handle routine repairs and maintenance emergencies for you.

Preventative maintenance is part of protecting your investment property. Charlotte has generally mild winters, but snow and ice are not uncommon. If the heat goes out in the middle of a cold winter, you won’t be able to handle that efficiently or effectively from out of state. With a local property management company taking care of these things, you won’t even have to think about it. Your property manager will dispatch the appropriate heating vendor and you won’t have to do anything except wait for updates.

Chicago Property Management Communication

Chicago Property Management CommunicationCommunication and technology is always important, but it’s especially critical when you have investment property in a different city or state.

To communicate effectively and feel like you know what’s going on with your property, you need a management company that invests in technology. You should expect an online portal where tenants can pay rent and request routine maintenance. As an owner, you should be able to use your portal to get information on how your property is performing. You want to be able to check your accounting statements and reports, review maintenance invoices, and get in touch with your management team at any time of the day or night.

A good technology platform will allow you to track income and expenses and stay up to date on lease renewals, marketing strategies, and lease negotiations. Investors who are outside of the state need good technology to stay in touch and feel at peace.

Smart investors gather the right partners, resources, and tools when they’re purchasing an investment property. If you own a Charlotte rental home or you’re thinking about investing here from elsewhere in the world, please contact us at AM Realty. We can help.