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DURHAM PROPERTY MANAGEMENT BLOG

Sunday, March 30, 2014

5 Things You Should Know Before Renting a Home
U.S. Rental listings has composed a list of five things that everyone should know prior to renting a home.  This list includes: knowing your rights as a potential renter; before signing your lease, you should know what your lease can and cannot do for you (understand your lease); know what to get in writing; know how to protect your ...

Tuesday, February 11, 2014

How You Can Save As a Renter?
MSN Real Estate composed a list of four reasons that you as a tenant may be able to save on your rent.  The first reason on this list is because the property is priced higher than comparable units in the area.  The second reason would be if you are an excellent tenant that has an excellent payment history.  With this reason...

Tuesday, February 4, 2014

Foreclosure Down in Durham
In January of 2014, the Hearld Sun did an article reporting that the foreclosure rate in Durham had decreased in 2013.  Foreclosures were down by 20 percent in 2013, the lowest it had been since 2002 in the county of Durham.  Overall, foreclosure filings were down 18 percent compared to the 2012 filings in North Carolina; the lo...

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...

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