To the fulfilment of the American dream. Be it a house or a piece of real estate, the returns from ownership are seemingly guaranteed. Real estate, for instance, has appreciated 5% per year post the second world war.
A place to call your own
With home ownership comes the freedom from monthly rent, coupled with the freedom to do what you wish to your house. On the fly renovations, the stability and security that elicits from having your own place to call home and belonging to a community. Not to mention the renting or leasing option to earn you extra income. There seems to be every reason to be a property owner.
To buy or not to buy
While the above sounds rosy for current property owners, the smile quickly fades off potential buyers or investors. Down payment for any real estate or property transaction involves huge amounts of money, dealing hefty blows to one's pockets. Nevertheless, it is required before anything can be in your name. that aside, monthly mortgage payments leave little in terms of spending money. Brave all these storms and voila!
Consistent Benefit
But with property acquisition comes the huge responsibility of property management. Ensuring your hard earned investment is in fact beneficial to you several years down the line. Up to a certain point after which you may of course decide to sell. But you're not there yet. Question is, how can you consistently profit off your property?
Additional costs like up keep expenses to keep the house in shape, property taxes, utilities and property taxes all come into play. And soon, for some more than others, ownership may become a burden, especially with the possibility of foreclosure. Why not have someone else do all the worrying for you?
Property managers
Knowing about their existence and knowing how they can actually help are different things. Depending on the agreed on managerial contract, different managers take on different aspects of handling residential, commercial or industrial properties.
Should you want to sell your property, property managers meet prospective buyers, handle the negotiations and legal requirements.
In case you opt to rent out your property, the firm has the duty to find and screen tenants. This includes marketing the property to fill any vacancies, sorting through potential tenants including background checks. This will lead to selection of the right tenants.
Property managers also handle lease agreements and handle any complaints pertaining to the property.
Talley properties
Talley Properties, Inc. is a property management firm serving the Charlotte real estate industry. Talley Properties is focused on midrange to high end residential and commercial property management since 1980. Since its founding it strives to provide full service management to investors of all types. It does not matter if you're just starting in the property management market or a seasoned investor, Talley Properties can assist you with ALL aspects of property management from property purchase to day to day management operations.
For all property owners and potential property owners residing in or around North Carolina, let Talley Properties do all the heavy lifting for you.