Converting Your Residence into a Rental
Good news! You’ve bought a new home and are relocating your family to a new town. With a new home comes new opportunities. Now that you’re moving, whether it’s for a job, to live in a different town, or your family has upgraded to a new house, you must figure out what to do with your current home.
Even though the Asheville area is experiencing a seller’s market right now, your old house carries so many memories that you may not want to let go of it just yet. Plus, you know it’s going to continue to increase in property value. But, you’ve relocated and now have a new house payment. There is a solution to your situation: turning your old home into a rental.
The Pros and Cons of Short-Term Leases
When finding a place to settle in, with the number of options out there, there has never been a better time to find the right place. If you are just looking for an extended getaway or moving to the Asheville area for a temporary work assignment, you don’t have to be trapped in a long-term lease. Many landlords are open to short-term leases.
Pros and Cons of Pet Friendly Properties
As Western North Carolina's property management experts, we've seen firsthand how allowing pets can significantly impact your rental property's performance. With Asheville's reputation as "Dog City, USA" and post-pandemic pet ownership reaching new heights, understanding the benefits and challenges of pet-friendly policies is more important than ever for property owners.
Is the Landlord or Tenant Responsible for Repairs?
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.
Is It Possible to Sell a House While Tenants Live There?
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.