Owner FAQs
Answers to your frequently asked questions
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Am I required to make my property available to Section 8?
No. We are happy to talk about the pros and cons of the Section 8 program with you so you can make a choice that is best for you. -
Are you licensed?
Yes, we are licensed brokers in North Carolina. -
Can you put the money directly into my account?
Yes. After signing a property management agreement, you will be sent a direct deposit authorization form. -
Do I get to see the lease or sign it?
We use the standard NC lease, plus several custom addenda. We will share a copy to your portal after it is fully executed by the tenant. -
Do you sell real estate too?
Yes, we are licensed brokers in North Carolina. -
How and when do I get my checks?
We initiate a deposit on the last business day of the month and funds are generally available the next business day. -
How is rent collection handled?
We take rent collection very seriously. Rents are due on the first of each month. We send notices to the tenants when they are delinquent and initiate court proceedings on the 18th of each month for any tenant that has not paid. -
How long of a lease do you sign?
The vast majority of our leases are one year terms. More customizable solutions are available upon request. -
How much security deposit do you charge the tenant?
For one year leases, security deposits can range from one to two times the monthly rent. For Example: If monthly rent is $1,000, the security deposit can be $1,000 - $2,000. This range is determined by credit scores and previous landlord references. -
How soon can you start managing my property?
We typically only need a few days notice to get a signed property management agreement, inspection of the property and the keys. If your unit already has a tenant, that is okay too! After that, we will be ready to go! -
What type of properties do you manage?
Single family residential is our primary business. However, we have extensive experience with duplexes, multi-family and small commercial projects. -
What type of reports do I get and how often?
We have a full suite of financial reports that can be customized to meet your needs. Most property owners are happy with a cash flow report, plus an owner statement that is very similar to a bank statement. Much like the bank, we send the statement(s) once per month, usually on the first business day of the month. -
Who holds the tenant security deposit?
We hold the security deposit in a separate trust account. Per North Carolina license law, those funds are held until a tenant moves and are then dispersed with the appropriate accounting within 30 days of move out. -
Will you inspect my property to make sure the tenant is taking care of it?
Yes, we go as often as you request. We charge a small fee of $75.00 to arrange an occupied inspection, visit the property, and share the photos and inspection report with you. -
How are repairs handled?
When a tenant notifies us of a maintenance request, we send an independent contractor to repair or assess the issue. Depending on the amount of the work needed, we will notify you in advance. Most landlords don’t want to be bothered with smaller repair items and they trust our team to resolve the issue. If a larger repair or capital expense is needed, we contact the landlord, discuss the options, and seek additional estimates if necessary.