Charlotte vs Nearby Cities
Charlotte has one of the more active housing markets in North Carolina, so expect to see the median listing price get close to $300,000 at times. With a median home value around $200,000, it’s common for buyers to pay more than $100 per square foot in this city. This is comparable to many nearby cities like Concord, but there are some cities offering lower real estate prices in the area. For instance, Gastonia often features a median listing price below $200,000, but the median property value is typically below $150,000. Kannapolis is another city with more affordable housing options.
Charlotte Property Managers
You can depend on an experienced property manager to handle communications with your current tenants while screening potential tenants for unoccupied units. They may also handle all accounting, marketing and property maintenance duties, ensuring that your property complies with all safety and sanitary guidelines for the state and city.
Charlotte Property Management Company Fees
Most property managers charge around 10 percent of the rent collected at a managed property. You may find lower rates, depending on what services you want your manager to provide. Some management companies will offer multiple service packages while others allow you to customize your rate based on the needs of your property.
North Carolina Landlord/Tenant Laws
- Landlords are given 30 days to return the security deposit once a tenant vacates a rental property.
- If a landlord needs additional time to determine the necessary deductions from a tenant’s security deposit, they may give a partial accounting within 30 days and then finalize the reimbursement by the 60-day mark.