Linchpin Property Management

Yes. We provide services to landlords looking for a way to collect rent during the Coronavirus. As the only property management company in Fayetteville, North Carolina led by a retired military attorney, we are in the unique position to help out landlords faced with this situation. If you feel as though you need assistance, don't hesitate to reach out. The Team at Linchpin Property Management

The process of dealing with tenants who have been impacted by the coronavirus can be a little complex. We have set up a program to assist landlords and property investors with managing the financial strain on both the landlord, as well as the tenant. Reach out to us if you are having issues, and we will assist you at no cost. The Team at Linchpin Property Management

Security Deposits in North Carolina, and the proper way to handle them present challenges for a lot of Fayetteville, North Carolina landlords and property investors. As a property management company, we have seen many property owners not follow the North Carolina Landlord Tenant laws when it comes to security deposits in North Carolina. As a result, a few of them have ended up violating the law, and suffering the consequences as a result. If you are a landlord or property investor and need help figuring out how to handle your security deposits correctly, reach out to us. We will help you out for free.

Sample North Carolina lease agreements can be found just about anywhere on the internet. The challenge for you as a landlord and property investor, is not knowing who prepared the sample North Carolina lease. At Linchpin Property Management, we are fortunate to have an owner who is also an attorney. Realizing the situation many landlords without property management companies are in, we created this guide to North Carolina leases as a means to educate you as a real estate investor. If you want to take a look at our guide, as well as a sample North Carolina lease agreement, give us a call or send us an email. We will help you for free. The Team at Linchpin Property Management.

How do I evict a tenant In North Carolina is a common questioned asked by property owners. As a property management company, we wish the eviction process could go as quickly and as smoothly as possible, but unfortunately this is not the case. From start to finish, the eviction process includes several major steps, which must be satisfied prior to you being able to repossess your property. How you carry out the eviction process is of utmost importance. If you fail to follow the law before, during, and after possession, you could end up in hot water during the eviction process. At Linchpin Property Management, we are fortunate to be the only property management company led by a retired military attorney. As an advantage to you as a landlord, you have a dedicated attorney to ensure your property is taken care of for free. If you are a landlord or property investor in North Carolina, give us a call. We will help you out for free. The Team at Linchpin Property Management.

Rental property management, and how to communicate with tenants in Fayetteville is dying. As a rental management company in Fayetteville, NC, we realize there is an art to communicating with both tenants and landlords. For many rental management companies, this art has been lost. In fact, most rental management companies in Fayetteville don’t communicate in any meaningful way, with either the landlord or the tenant. This is a recipe for disaster as, frequent meaningful communication is absolutely necessary, for any successful business relationship. This lack of communication has caused many rental property investors to consider whether they even need a property management company to help manage their property. There are a lot of different ways to handle this, but the most important is to always be respectful, and courteous, to all parties.

A warning letter to tenants should always be the first step to correcting the behavior of tenants. Unlike a notice to quit, a warning letter should be viewed as something that is not adversarial, and instead, is a courtesy to your tenant to correct certain behavior. A good practice point is to think of it as a behavior modification tool. We would like to think that property management involves simply collecting rental income. But this is far from the actual practice. In Fayetteville, North Carolina property management, we would hope it would be that simple. If you need a copy of a warning letter to use, we provide it as a resource to landlords and property owners for free. Just let us know if you need one. The Team at Linchpin Property Management

The law in North Carolina provides the Fayetteville landlord with guidance on how, and when the landlord may evict a tenant for failing to pay rent on time. Additionally, the North Carolina lease agreement should have the written provisions which dictate, how, when, and where the tenant should make rent payments. In the case of a tenant who pays their rent one day late, the landlord would have the legal authority, absent contrary terms in the lease agreement, to begin the eviction process on a tenant who is one day late with rent. The point of confusion with a lot of property management companies in Fayetteville, as well as most landlords, is that the landlord must wait until the rent grace period is over before evicting a tenant. This reading of the law is simply not true. What the North Carolina Landlord and Tenant Laws provide is that the landlord cannot begin charging late fees until 5 days after the due date of the rent. The Team at Linchpin Property Management

The first consideration for the landlord should always be, what does the lease say. The lease should expressly state when the landlord may enter the property, for what purposes, and how much notice must be given. In North Carolina, there is no legal notice requirement, but as property managers for Fayetteville, North Carolina landlords, our advice is to give the tenant 24-48 hours notice in the majority of circumstances. There are other times, such as emergencies or possible lease violations, which may warrant no notice. Giving the tenant 24-48 hours notice is especially important when showing the property to prospective tenants. Because we can’t expect a tenant to live in a museum, the notice gives the current tenant an opportunity to clean up. It also gives the current tenants a sense of respect and ownership of the process. But overall it will depend on how your tenant has treated the property. If it is a mess, we would say wait, because it will show better.

As a real estate investor in Fayetteville, North Carolina, your goal is to make money through rental income, appreciation of your investment property, and profits generated by other business activities that depend on the property. The realized benefits of investing in property in Fayetteville include a passive income stream, stability of cash flow, diversification of investments, and the ability to leverage capital for other investment opportunities. While there are many opportunities in real estate property investment, it can also prove to be a mistake if you don’t fully understand the best practices and procedures necessary to make the management of your property a success. This is a topic that can get pretty extensive in the response. Check out some of our thoughts here: https://linchpinpropertymanagement.com/7-thoughts-on-successful-fayetteville-property-management-for-landlords-and-investors/

As a property investor in Fayetteville, North Carolina, there may come a time when you have to provide notice to a tenant of certain violations of the tenant’s lease agreement. Whether you plan on evicting the tenant, or simply want to let them know that they are violating a term, is immaterial. There are generally three types of notices to quit: late payment of the rent; violation of the lease; and a holdover tenant. Unless specifically spelled out in the lease as a non-curable violation, or stated in the law, landlords are generally required to provide the tenant with an opportunity to cure the defect. Generally speaking, in North Carolina, this is a period of 10 days. If the tenant fails to cure the defect, your next step is to begin eviction proceedings. Let us know if you need help drafting a notice to quit. We'll help you for free. The Team at Linchpin Property Management

Yes, a landlord can ask for bank account information. As a property investor, one of the main concerns is how much information can you collect on a potential tenant. Equally as important, is what information would be best to obtain on a tenant with an approved application, in order to ensure you have a proper way to obtain payment, and enough information in case it is necessary to enforce a judgement against your tenant in a court of law. As a property owner and real estate investor, you should consider yourself as a short term lender. Your lease agreement with the tenant, although for the use of real property, is actually lending access to property. And if we are to think about the big picture, as a property owner, you are lending access to an asset worth hundreds of thousands of dollars. This lending process, is also done to a stranger, for a period up to a year, and must be based on all the data available to you to make a decision.

When you are a landlord or property manager in Fayetteville, North Carolina, there are several things you must consider when a tenant is vacating a property. Just as it is your responsibility to make the move in process easy for your tenant, it is equally important that you take steps to ensure your investment is in good condition when the tenant is going through the move out procedure. The same diligence is appropriate whether you own or manage one property, multiple single family units, or multi-family units. We have a free checklist for landlords and property investors, and will be more than happy to share it. Just reach out to us for your copy. The Team at Linchpin Property Management

Finding the best property management company in Fayetteville, North Carolina can often seem like a daunting tasks. When you google "property management in Fayetteville, North Carolina,” what pops up? First, you are bombarded with the paid advertisements. Second, you are met with what is called the Google “Three Pack.” Which essentially amount to paid advertisements Third, you encounter property management companies that are not transparent in their websites. Fourth, you encounter property management companies that also do sales, or some other real estate function that doesn't add value to you as a property investor. Fifth, the ugly truth about property management is that your investment may not be managed by a qualified Fayetteville Real Estate Broker. These are just a few of the things to look out for. Check out a blog we wrote about this here: https://linchpinpropertymanagement.com/find-the-best-property-management-company-in-fayetteville-north-carolina/

Some property owners in Fayetteville with rental properties don’t understand the value of having a good property management company to manage their properties. This is especially true for a homeowner who has little to no experience in managing properties, as well as investors. Property management is a time consuming ordeal. It involves more than just collecting rent from your tenants. It requires a long-term commitment on the part of the individual managing your property. Property management also requires more than a cursory understanding of the laws and regulations that govern property management. Property management is more than a 9-5 job. Geographically location is another key consideration. It is difficult to manage your own property when you are located in the same city as your rental investment. These issues are magnified when you are geographically separated from your property.

A question we get a lot as property managers is whether a tenant can paint a rental property. In Fayetteville, the average tenant lifespan for renting a property is usually about 3 years, with some tenants under property management for a longer period. In Fayetteville, the vast majority of renters are usually military families, which makes the rental period a little shorter. Additionally, some of the issues landlords and property management companies face are unique to service members. It may seem to not be much of a concern, as the tenant can simply paint it back to the previous color when moving out, there are some issues that should be noted. For example, is the tenant skilled enough to accomplish the tasks, and are they using the correct paint. Many issues can end up decreasing the value of your rental income. We recommend the tenant not paint the rental property, unless it is done professionally, and painted back at the end of the lease.

When it comes to increasing the value of your home, or the amount you can charge for renting out your property, nothing’s as effective as a remodeling project. Property owners in Fayetteville, North Carolina are faced with the ever-changing landscape when it comes to increasing the rental rate of their properties. A good property manager and property management company should, on a constant basis, assist you in making improvements to your property. In Fayetteville, there are a lot of means and methods to increase the investment value of your property, without breaking the bank. Check out a blog we wrote about this subject here: https://linchpinpropertymanagement.com/6-ways-fayetteville-landlords-can-boost-rental-value-without-remodeling/

If you are considering renting your home in Fayetteville, and don’t want to use a property management company, one of the most important things you need to consider is how to screen a tenant and avoid a discrimination lawsuit. Any property management company in Fayetteville should be able to assist you in properly screening your tenants, however, landlords who wish to represent their own property interest, sometimes don’t know the correct method to screen tenants, and what is the legally correct way to go about doing it. Read our comprehensive guide on how to screen your tenants here: https://linchpinpropertymanagement.com/how-to-screen-tenants-and-avoid-discrimination-claims-in-leasing-fayetteville-north-carolina-properties/

Being a property investor and landlord is a constant learning process, especially concerning Landlord Tenant Laws in North Carolina. An understanding of the landlord tenant laws in North Carolina is necessary for any property owner who wishes to serve as a property manager for their own property in Fayetteville. Even though you may make the decision not to hire a property manager, you will be held to the same standards as a property manager when you manage your own property. You can read about some of our thoughts on some of the laws landlords and property investors need to know here: https://linchpinpropertymanagement.com/seven-property-management-topics-every-fayetteville-landlord-needs-to-know/

As a landlord, one of your biggest concerns is how to screen the credit history of a potential tenant. Obtaining credit history from the credit report can give you some insight into whether or not the potential tenant has the ability to pay his rent. Additionally, if the potential tenant has a negative credit history, the credit report may reflect certain issues which may make you caution against renting to the potential tenant. But what is your course of action if the potential tenant doesn’t have a credit history? While the lack of a credit history by the tenant may cause you alarm, there are some reasons as to why a tenant might not have a credit history, or a credit history that is not in line with what a landlord is looking for. Read our process to screen tenants with no credit history here: https://linchpinpropertymanagement.com/how-to-screen-tenants-with-no-credit-score-or-credit-history-in-fayetteville/

While it may seem like an easy task to do, managing your own rental property is a time consuming process, and can become more expensive over the long term. It doesn’t matter if you are physically located in Fayetteville, Raeford, Lillington, Sanford, the surrounding area, or if you are a geographically separated property owner. At Linchpin Property management, or over 36 years of real estate and legal experience makes use your best choice for your property management needs.