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Answers (7)
- Meg Russell, "GreenBrokerMeg"
- Contributions:16
Yes, you should use property managers who will monitor the home, collect the rent and apprise you of any needed repairs during the term of tenants or between tenants. In addition, if you are looking in Raleigh proper, you should look in the area of NC State which is a very active rental market for University students and falls within my territory! Good luck!
- Louise Griffin
- Contributions:110
If you are not able to be in the area to screen potential tenants or to handle issues that come up at the property, then you probably do want to hire a property manager. There are several good firms here locally that will handle for you. However, it is important that you first establish what your goals are for the rental - this will help determine what type of property to buy.
Louise Griffin
[Content removed by moderator due to self-promotion]
Louise Griffin
[Content removed by moderator due to self-promotion]
- Mike Humbles, "Right Angle Realty"
- Contributions:20
Hello,
I have an investor client in California who likes to purchase property in Raleigh. I can put you in touch with him if you would like to get an idea of what his thoughts are. He will send me an email occasionally asking me to tell him my thoughts on a certain property.
Basically, he sees Raleigh property like blue chip stock. In the long run, he knows he will make money. He picks certain properties he can rent to cover his expenses, plus make some profit.
Let me know if you want his contact information. I'm sure he would be glad to talk with you.
- Jennifer Marks, "RelocateWithJen"
- Contributions:101
What do you mean by investment? Rental, Flip, Summer Home? What is the goal for the property? Let me know if I can help.
- NTETS, "Mr Caveat"
- Contributions:6436
why north Carolina? when you say "investment," is that code for "summer home"? i cant think of a heck of a lotta good reasons to own out of state investments like that.
in addition to the standard "you should be careful about buying anything before the real-estate market fully stabilizes" you are a prime candidate for a solid "do the math first"!
in addition to the standard "you should be careful about buying anything before the real-estate market fully stabilizes" you are a prime candidate for a solid "do the math first"!
- Nancy Lee, "An OrderLee Home"
- Contributions:1195
If you are not a seasoned investor, I suggest you do an internet search on real estate investment associations in Raleigh. Look for a focus on education and sharing information. Then, consider joining and getting newsletters, reading group discussions and email streams, and even go down to participate in some of the big meetings. I belong to the REIA group in Asheville and get a wealth of knowledge and good advice specific to the laws and best practices in my area.
And, yes, as a long distance owner (once you buy), you are either going to need someone local and trustworthy to handle the renting, the maintenance, the emergencies; or you are going to find yourself making unexpected trips South.
And, yes, as a long distance owner (once you buy), you are either going to need someone local and trustworthy to handle the renting, the maintenance, the emergencies; or you are going to find yourself making unexpected trips South.
- Tim Haag, "Tim Haag 1"
- Contributions:52
Hello "needsadvice",
There are plenty of homes here in the Raleigh-Cary area that would make good investment properties.
The first step is to get an experienced real estate broker to discuss your needs and expectations and get a comprehensive search underway to find properties that meet your needs and will allow the "numbers" to work for you.
You won't need a property manager until you own the property and are ready to advertise for renters and have someone to look after maintenance, repairs, rent collection, etc., etc.
Let me know if I can help you.
919-389-7135
tim@timhaag.com
There are plenty of homes here in the Raleigh-Cary area that would make good investment properties.
The first step is to get an experienced real estate broker to discuss your needs and expectations and get a comprehensive search underway to find properties that meet your needs and will allow the "numbers" to work for you.
You won't need a property manager until you own the property and are ready to advertise for renters and have someone to look after maintenance, repairs, rent collection, etc., etc.
Let me know if I can help you.
919-389-7135
tim@timhaag.com
seriously considering buying a house in raleigh as investment.....
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