Advice for Out-of-State Investors with Charlotte Properties

Advice for Out-of-State Investors with Charlotte Properties

Experienced investors know that buying rental homes out of state can be a great way to diversify your portfolio and increase what you earn. Charlotte, North Carolina is an excellent example of what’s possible. This area has attracted a lot of attention from out-of-state investors and even buyers who live outside of the country. Why? Our purchase prices are far more reasonable than other markets along the east coast, and our population has been growing steadily. This means a large and stable tenant pool.

Best Tenant Retention Strategies – Tips from a Charlotte Property Manager

Best Tenant Retention Strategies – Tips from a Charlotte Property Manager

When you have a tenant in place who pays rent on time, communicates openly about maintenance issues, helps you take care of the property, and follows the terms of the lease agreement, you want to do everything you can to keep that tenant. Retaining tenants saves you money. There are fewer vacancy costs, and you don’t have to pay out of pocket for things like utilities, security, cleaning, and marketing for a new tenant.