Reasons to Invest in Durham Real Estate
Have you settled on investing in Durham real estate? You’ve made the right choice! North Carolina, and Durham in particular, is becoming a popular region to settle down in. With many companies and businesses move to the area many people have been moving for new job opportunities. In addition, there is the attraction of great universities and colleges in the city. Investors Real estate has established itself as a worthwhile investment option. This is because, compared to stocks or bonds, investors are more assured of a stable income, appreciat…
Top Tips When Buying Investment Property in Durham
Are you considering investing in an income property in Durham, NC? If you are, there's no time like the present! Investing in a rental property can be lucrative. Besides being able to diversify your investment portfolio, you may also be able to create a recurring passive income. Investors Demand for rental housing in Durham remains high, thanks to the metro’s booming tech industry. What’s more, real estate appreciation rates are projected to remain relatively high. If you are a first-time investor, following insider tips is key to making your …
Breaking a Lease in NC - Know the Laws
A lease binds both the landlord and the tenant for a certain period of time, usually one year. During this time, both parties have certain rights and responsibilities that they must adhere to. Breaking a lease is never ideal, but sometimes it's unavoidable. Your tenant could be a service member who has been deployed, or they may have received change of station orders. They could also be a victim of domestic violence. And what’s the state of your North Carolina rental property? Have you been responding to tenant maintenance requests quickly? If…
Security Deposit Laws in NC
Although not required by North Carolina law, many North Carolina landlords require tenants to pay a renter's security deposit before moving into their new home. The purpose of a security deposit is to provide landlords with a safety net against any losses caused by tenants that an insurance company cannot cover according to North Carolina law. The security deposit amount charged by a landlord can address things such as damages, unpaid rent, and any other obligations outlined in the lease. It's important that the lease clearly specifies the con…
Eviction Process in Durham, North Carolina
Being a landlord can be both rewarding and demanding. It can be smooth sailings when you have great a tenant that abide by the terms of the agreement and respects the rental property. However, it can become less wonderful when certain things go south. For example, as a landlord, you can face major headaches if a tenant fails to pay rent or causes excessive unit damage. Sadly, dealing with such issues can emerge in any landlord’s career. As such, learning how to handle North Carolina law is key. Many landlords choose to enlist the services of …
