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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 …

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…

Although not required by law, many North Carolina landlords require tenants to pay a security deposit before moving into their new home. The purpose of a security deposit is to provide North Carolina landlords with a safety net against any losses caused by tenants that an insurance company cannot cover. The security deposit charged by a landlord can address things such as: Excessive damage to the property: Normally, a tenant must return their rented premises in the exact same way they found it (except for normal wear and tear). Sadly, this doe…

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 lease and respects the 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 property 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 an esta…

As a landlord in North Carolina, you must be knowledgeable of all rental regulations including the state's landlord-tenant law. After all, ignorance of the law is never a legal defense. You might have questions, such as “Can you break a lease in North Carolina?”, “What are my NC landlord responsibilities?”, or even “What are the North Carolina housing regulations?” In unfortunate situations, you may need to know how to handle an eviction. Both the tenant and landlord have certain rights and responsibilities under North Carolina law. It's there…