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DURHAM PROPERTY MANAGEMENT BLOG

Tuesday, January 21, 2014

Why Hire A Property Management Company
Recently, we came across an article from allpropertymanagement.com and they came up with a list of 10 reasons to hire a property manager.  The article explained that owning a rental property could be financially rewarding; however, it requires a large amount of your time and energy.  A few reasons they recommend a property manag...

Monday, January 13, 2014

Durham: Ranked #4 Best Place to Live in 2014
In a recent article, Livability: America's Best Places to Live and Visit ranked Durham as the number 4 best place to live in 2014.  Other North Carolina cities included on this list were Greensboro, NC ranked number 19; Asheville, NC ranked at number 48; and Chapel Hill, NC ranked at number 71.  The top three cities included: Pa...

Wednesday, December 4, 2013

5 Things You Should Never Put on a Credit Card
Credit.com compiled a list of five things they suggest to never pay using your credit card: college tuition, taxes, a big wedding, vacation, and medical expenses.  They argued that credit cards are powerful financial tools, but they must be used carefully to avoid accumulating serious debt.  On the other hand, you cannot predict...

Wednesday, November 13, 2013

Evictions Decline Welcome
The Herald Sun recently posted an article stating that the number of evictions in Durham County has declined approximately 10 percent since last year.  This is good news for renters and landlords because it reflects the market's inflation.  Much like the article stated, foreclosures and evictions seem almost inevitable in today'...

Thursday, November 7, 2013

Veteran's Day
Monday, November 11, 2013 November 11 is observed as a federal holiday in the United States.  It has become tradition in the United States to have the official wreath-laying ceremony is held each year at the Tomb of the Unknowns in Arlington National Cemetery.   The purpose of Veterans Day is to honor those people who have se...

Tuesday, October 22, 2013

Benefits of Renter's Insurance
This is an interesting article for current tenants to review.  We recently had tenants who were displaced for approximately two weeks due to a major water line break in the home. Thankfully, they had renters insurance. As their property manager, we coordinated them moving into a hotel temporarily and not only did the insura...

Wednesday, October 2, 2013

6 Personal Finance Rules to Live By
Being fiscally responsible means you live by sound money principles that allow you to build a stable future for yourself and your family. An understanding of these basic financial tenants is the first step in achieving financial success. 1. Build an emergency fund. Think of an emergency fund as a security blanket for your financ...

Tuesday, October 1, 2013

5 Necessary Expenses to Keep Your Home Safe
Written by: Marcela De Vivo  For many, owning a home is the cornerstone of providing a sense of security to your life. However, no matter where or how you live, there are countless elements, natural and human alike, that may threaten your family and property. For first-time homeowners in particular, here are some essential devices...

Thursday, September 26, 2013

Professional Property Managers
All Property Management survey show professional property managers reduce rental vacancy rates nearly 40 percent 10/17/2012 by Ami SEATTLE (July 30, 2012) –  Successful investment in rental properties often depends on keeping vacancy rates low, both by minimizing tenant turnover and by quickly re-renting properties when t...

Monday, September 23, 2013

Family or Friends as Tenants
Family and friends - you can love and/or admire them BUT should they become your tenants? This is a form of "nepotism, the practice of hiring family and/or friends." It has both pros and cons and it is an area where a very large "proceed with caution" sign should be posted. You may have these thoughts about the subject of friends and...

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