Charlotte Investment Property Guide

With the current recession and plummet in property values, many investments are looking better in a variety of cities in the US.  One thing to take note of is Charlotte investment property.  Better opportunities to invest are often found outside one’s local community, so looking to large metropolitan areas is often worthwhile to potential investors.  Should an investor purchase such a property located a few states, or even a country away, local management is something worth looking into as it can save you time and headaches for a nominal fee.

Carolinas Metro Realty

Quick and decisive action to tenants’ needs are greatly appreciated, and make for happier renters.  The bonus to the investor is that for fees associated with the management of a property, any headaches that occur with a Charlotte investment property are not directly the investor’s.  The main issue owners want answered is, “How much will management cost?”  The largest cost that will accrue over time is the monthly fee.  Carolinas Metro Realty charges  9% of monthly rent or a minimum of $100.  This fee can also be negotiated to a lower amount if multiple properties are being managed by the company.  To cover any damages or repairs a reserve of $300 is suggested, but the company can tailor this to your needs, age of properties, etc.  A security deposit equal to one month’s rent is held in escrow by the company.  (What’s nice about this company is they clearly stated that the security deposit is held until the tenant moves out, an inspection is done, and damages are paid for, if any.)

Out of town investors with Charlotte investment property might wish for Carolinas Metro Realty to find a potential tenant.  This service can be done for a fee of half the first month’s rent.  They also do full credit, criminal and eviction checks on all persons over the age of 18 that will be living in the home.  Should emergencies occur, and a tenant or owner need to contact the company processes are in place.  The company does have a 24 hour number that is monitored by the owner and manager, the message is then relayed to their phones and email addresses after business hours.  Also maintenance persons are on staff to handle most issues, but a dedicated list of contractors can respond to issues outside of the norm.

Carolinas Metro Realty specializes in both residential and commercial Charlotte investment property, and suggests on the residential front that renters prefer single family homes versus a townhouse or condo.  For more information contact Treva McCain at treva@carolinasmetro.com, or to contact the company please see their information below.

Carolinas Metro Realty
17232 Lancaster Hwy, Suite 108
Charlotte, NC 28277
Phone: 704-219-6322
Fax: 866-924-7352