Do you manage your own rental property? Do you know the legal requirements?
April 6, 2023
Here are a few things to keep in mind that a Property Manager could help you with!
-You may not pay or give any type of consideration to anyone, including family, to assist in any part of the leasing process of your property unless they are a licensed real estate agent.
-As a landlord you must return the security deposit within 30 days of termination of the lease.
-If you must evict a tenant, it can take anywhere between 1 and 3 months.
-You must be very careful to abide by the Fair Housing Act.
-You must hold a tenants’ abandoned property for 30 days.
-There is a limit of how much you can charge for a security deposit.
-If you do not make repairs within a “reasonable amount of time,” the tenant can hold the rent payment.
-You must give the tenant 5 days after the due date to pay rent.
Hiring a Property Manager will help ensure that you are in compliance with NC law- it is part of our job!
Front Porch Rentals is a Property Management Company located in Fuquay-Varina and servicing Fuquay-Varina, Willow Spring, Holly Springs, Apex, Cary, Raleigh and surrounding areas in Wake County, North Carolina.
If you would like to learn more about the benefits of hiring a Property Management company, visit our website: www.frontporchrentalsnc.com
As professional landlords and property managers, we're committed to bringing you the best rental experience possible