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What Every First Time Real Estate Investor and Landlord Should Know About Property Management
Are you thinking of renting over your home or investing in a rental property? While it is true that being a landlord is not for everyone, investing in rental property can be a smart way to grow your wealth.
 
During her guest appearance on WCNC-NBC’s Charlotte Today, Nancy Braun, owner of Carolina Property Management, shared some of the key things every first-time real estate investor and landlord should know about property management.
 
Nancy highlights the importance of doing everything in an orderly and systematic way in order to avoid problems later on. Most of the time, budding investors and landlords have little idea about what should be done in order to protect their investment. This is where a property manager comes in. Hiring a property manager can lighten the load and bring in more results.
 
When it comes to money matters, it is typical for new landlords not to make some money right from the beginning because of initial expenses. Nancy assures that it’s okay even if you just breakeven the first year. If you have a mortgage, it will stay constant for the same amount every year for 30 years while the rent typically increases. So you hold the property and in 10 ... more

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