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Blog - Asheville Phoenix Properties

Western North Carolina has experienced unprecedented growth in the last few decades. There are no signs of that growth slowing even as property values rise. With new residents searching for places to live, there has never been a better time to own rental property in the Asheville area. 

Whether you are new to managing tenants or you have been doing it for years, you need to make sure you are taking care of your renters and yourself. 

There are differences in opinion about who is responsible for repairs, maintenance, and security. It is vital for your experience as a rental property owner to make sure you establish responsibilities in a manner that is both fair and consistent with municipal and state regulations. 

As you navigate the process of managing your rental properties, we want to help you answer questions about who is responsible for what. 

Saying it is a seller's market might be the biggest understatement of the year. 

Few industries were left unscathed by the effects of the global pandemic. In western North Carolina, some small businesses and larger corporations had to close their doors for the final time. 

However, as things began to reopen and return to normal, companies that survived in the Asheville area have seen as many customers as ever. That is at least in part due to an influx of people moving to our area

We have been growing steadily for decades, but it seems like our area has become even more popular during and since the pandemic. With the growth of remote work options, people wanting to escape claustrophobic larger cities have opted to relocate to beautiful places like western North Carolina. 

If you are fortunate to own property in the Asheville area, you may be looking at the housing market and thinking about selling. This might be the time to cash in on your investment and look for new opportunities. 

There has never been a better time to own property in Asheville than right now. Despite the challenges our area faced due to the global pandemic, property values have continued to climb rapidly. Demand for housing continues to rise as the prevalence of remote work makes beautiful outdoor regions like western North Carolina that much more appealing. 

If you own one or more rental homes, there should be plenty of tenants in the area ready to lease from you. Many owners think that leasing their homes is mainly something that will help offset costs and taxes until they are ready to sell or move into the house. However, property rental can be a profitable source of passive income. 

You can set your rental apart and increase profitability with a few key upgrades. Here are the seven renovations that will make your rental home more profitable. 

Summer is almost here in Asheville. It is the time of year when the mountains come alive with thick forest canopies that provide a lush green backdrop for our city. It beckons residents and tourists to explore every square mile of hiking trails in the area. Our temperatures are a little cooler than the foothills and piedmont, so it is the perfect time of year to get out and enjoy the outdoor activities for which our area is known. Our summer weather is one of the reasons our area remains one of the fastest-growing regions in the Carolinas. It is a great time to own rental property in western North Carolina. However, you will have to spend the first part of the summer preparing homes for the season. Here is what you need to know about summer prep for rental homes. 

Asheville is an excellent place in which to own rental property. Owning property is almost always a wise investment, especially in an area as popular as Asheville and western North Carolina. With so many people moving here, there are plenty of opportunities to reduce vacancies and fill your rental properties with great tenants. One of the downsides to having people lease housing from you is the many ongoing maintenance needs you face. Sometimes, it may seem that all you do is run back-and-forth, making minor and major repairs to your single and multi-family houses. Whether it is for a job outside your expertise or running out of time to do it yourself, you will eventually have to hire someone to make certain repairs. 

Whomever you hire, it needs to be someone you can trust. We have developed seven questions to ask any potential repair person before you allow them to work on your rental property.

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