Fayetteville vs Nearby Cities
Fayetteville is located in east-central North Carolina, which is one of the more affordable regions for real estate. The median listing price tends to stay around $200,000 in Fayetteville as well as in most surrounding towns. This includes Autryville and Parkton. These cities allow buyers to pay an average of $100 or less per square foot, and the median closing prices are often much closer to $100,000. Slightly higher real estate prices are found in select nearby cities. For instance, the median listing price in Hope Mills often spikes above $250,000. Home values are a bit higher in this city as well.
Fayetteville Property Managers
Many property owners hire professional managers to ensure that their investments are well protected. Even if you have just one rental unit, it’s difficult to keep track of the landlord-tenant laws and ensure that your property is in compliance at all times. Property managers also handle communications with tenants, and that includes answering questions, responding to requests for repairs and solving disputes.
Fayetteville Property Management Company Fees
A property manager may charge as little as 8 percent or as much as 14 percent of the rent collected from tenants each month. In some cases, a vacancy fee is charged when units are empty for a month or longer. Most contracts include a list of services included in the rate, and owners may have to pay additional fees when new services are requested.
North Carolina Landlord/Tenant Laws
- When a landlord fails to return a tenant’s security deposit within 30 days, the tenant may file in small claims court for up to $5,000 in damages.
- If a landlord needs more than 30 days to determine final deductions from a security deposit, they may deliver a partial accounting at the 30-day mark and then finalize the reimbursement by the 60-day mark.