Greensboro vs. Nearby Cities
The median listing price for homes in Greensboro increased from around $150,000 in 2016 to approximately $200,000 in 2018. As demand for housing in the area continues to grow, prices are expected to follow suit in years to come. These prices are a bit higher than those seen in real estate markets in surrounding communities.
For instance, the median listing price in Winston-Salem is often slightly below $200,000, and it can drop much closer to $150,000 in Asheboro. While buyers can expect to see a median price around $100 per square foot in most surrounding cities, the median price per square foot is at least 10 percent higher in Greensboro.
Greensboro Property Managers
Property managers are responsible for collecting rent from tenants and addressing issues that arise on a daily basis. They often oversee repair projects, property upgrades and routine maintenance. Some managers are also responsible for marketing the property to attract quality tenants. Onboarding new tenants is also included in some managerial contracts.
Greensboro Property Management Fees
Most property management companies charge a flat managerial fee plus added expenses for property maintenance, repairs, marketing and tenant recruitment. The managerial fee is often a percentage of the property’s cumulative rent collection. This fee is typically below 15 percent on average, but prices can go much lower for contracts with limited services.
North Carolina Landlord/Tenant Laws
- North Carolina landlords can charge no more than twice the monthly rent when asking for a security deposit.
- If pets are allowed at a rental property, landlords may charge a reasonable pet deposit.
Landlords must give tenants 10 days to pay overdue rent or move out. If this notice is ignored, the eviction process may begin.