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new homeU-Haul, a company known for helping people relocate, reported that North Carolina is the ninth fastest-growing state in the country, with one-way truck rentals to the Tarheel state up 11% in 2020. 

In western North Carolina, real estate was not among the industries that suffered during the pandemic. 

The steady growth we have experienced for decades accelerated in the last 24-months, with people purchasing houses sight-unseen. With the rise in working remotely, the choice of where to live is not dictated by the location of a company office. 

It is not difficult to figure out what attracts folks to our area:

  • Some of the best restaurants and breweries in the country are located here
  • People enjoy living near the Biltmore House and grounds
  • The Blue Ridge Parkway winds its way through the heart of our area
  • There are thousands of miles of hiking and mountain biking trails
  • We have some of the premier fly fishing and whitewater rafting rivers and creeks in the country
  • Asheville and surrounding towns have some of the most unique and niche small businesses in the state

Regardless of the reasons for moving to the Asheville area, there are many new people searching for housing throughout Buncombe, Madison, and Henderson counties. If you have an investment property, this is the right time to maximize your profits and maintain suitable passive income. 

For rental property owners in our area, the best way to ensure you are getting the most out of your investment is by hiring the right property managers. Here are a few ways expert property management can help maximize your profitability. 

How Property Managers Help Maximize Rental Property Profitability in Asheville, NC

Here are five ways property managers maximize profitability:

  1. Time: You may outsource all of your management tasks to us for as little as $100.00 to $200.00 per month. That could save you more than 10-15 hours a week. 
  2. Reduced Vacancies: Property management experts like Asheville Phoenix Properties help reduce vacancies and turnover costs, the two factors that can sink your profit margins almost instantly.
  3. Rates: Asheville Phoenix Properties will do a comprehensive market analysis to assist you in determining a rental price for your home, ensuring that you strike the ideal balance between monthly income maximization and low vacancy rates.
  4. Regulations: There are a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state, and federal regulations, as well as fair housing regulations (such as the ADA).
  5. Relationships: Asheville Phoenix Properties will manage all elements of the tenant-landlord relationship. We'll take care of normal and emergency maintenance, as well as routine inspections and any circumstances that necessitate conflict resolution.

Asheville Phoenix Properties - Managing Properties in Western North Carolina

If you are ready to maximize your profitability with expert property management, the team at Asheville Phoenix Properties is ready to answer your call. We have decades of experience managing properties and tenant relationships throughout western North Carolina. 

We have seen everything in our time and know how to navigate the markets to provide you with the best service possible. 

Contact Asheville Phoenix Properties for more information about how you can get the most out of your rental property.