skip to main content

converting residence rentalIt is a great time to own property in western North Carolina. Property values have been on the rise for years as more and more people discover how amazing it is to live in the Asheville area. 

From the tallest mountains on the East Coast to miles upon miles of trout-rich rivers and streams, Buncombe, Henderson, Madison, and Transylvania counties are natural playgrounds for people who love the outdoors. 

Asheville, Hendersonville, Weaverville, Mars Hill, Canton, Candler, and every city and town in the region has its own unique identity. Yet, they all share several characteristics in common. Each city and town has amazing restaurants, pristine parks, a celebration of the arts, and amazing neighbors. 

People from all over the country (and the world, for that matter) are capitalizing on the expanding local economy and availability of remote work jobs to live in our incredible area. That means it is the perfect time to start renting your Asheville, NC property. 

Here’s how you can start reaping the benefits of becoming a landlord in western North Carolina. 

Convert Your Home into a Rental Property in Asheville

Some benefits of renting your property instead of selling it include:

  • Extra passive income: If you see your property, you may get a substantial payout from the equity you've built. However, by renting it, you can supplement your income for years to come, allowing your property to continue to increase in value all the while.
  • Selling can be postponed: While the current home market benefits sellers, this may not always be the case. The market ebbs and flows, and one day, It might be difficult to sell your property if the housing market is faltering. Renting your home provides you time to wait for the market to correct itself, allowing you to earn a higher return on your investment.
  • Maintain the property: Your home remains yours even if you decide to rent it out. You have control over who rents from you, and the property remains in your name. You can continue to use it as an ongoing investment or even one day return to it as your primary residence. 
  • Diversifying assets: Owning property is almost always a good way to diversify your assets. There are no signs that property values will plummet in the Asheville area any time soon. In fact, everything points to this to continue to be a great place to own investment property. 

While starting the process of converting a residence into a rental property may sound good on paper, you might be deterred because you don’t believe you have the time. That’s where Asheville Phoenix Properties can help. 

Let Asheville Phoenix Properties Help You Start Renting Your Asheville Property

Asheville Phoenix Properties has been providing property management services in Western North Carolina for more than twenty years. It is our goal to give the best possible service to the owners we represent and to our tenants for the time they’re with us.  

The management team at Asheville Phoenix Properties can make owning rental properties a breeze. We not only have years of experience working with properties and renters, but we also charge only a modest percentage of your monthly rent in exchange for our services. 

For the majority of rental property owners, hiring Asheville Phoenix Properties is a no-brainer when you consider what you get in return: a hassle-free, essentially passive income stream. Plus, we help you set the right rates and keep vacancies at a minimum to help maximize your profits. 

If you are ready to turn your home into a rental property in Asheville, NC, we are here to help. Contact Asheville Phoenix Properties today for more information and to get started