Property management in Charlotte, NC

[David Rutledge]

Hi Everyone,

I am an out of state investor from CA and I just bought a place in Charlotte, NC.

I am looking for a property management company to connect with in the Charlotte area. Does anyone on here have any recommendations?

Thanks so much.

David

[Curtis Waters]

I am not going to recommend anyone - as the firm I am with provides property management as well.

Ask and determine with any property manager:

• Do they market properties and set rents at market rates?  Charlotte can withstand a minimum of $650-700 for 1 bedroom, $750-800 for 2 bedroom, and $850-900 for 3 bedroom in B-/C+ neighborhoods.  For A neighborhoods - $1500/mo for a 1 bedroom.  Every $ your property manager doesn't get reduces your return and the property value to the next investor.
• Do they have a team to service your tenants when problems arise?  Do they treat your properties like they would their own?
• Do they look out for preventative maintenance issues?

Many investors look only at the property management fee.  But if your property manager charges 8% fee on collected rent, but their rents are $100 under market - you would be better off paying a higher percentage for a property manager who gets market rent each year, controls your costs, and manages your maintenance issues wisely.