Say goodbye to the City of Raleigh Rental Dwelling Registration
program! The program has been dissolved by Senate Bill 326, eliminating municipalities’ ability to operate a rental dwelling registration program. The fee formerly was $45, so everyone in Raleigh city limits who owned and rented a property now gets to keep that money in their pocket going forward. Make a note to yourself to cancel any automatic payments because renewal notices will not be sent out any longer. This bill is in effect by the North Carolina General Assembly as of January 1, 2017. If you paid late in 2016 it's possible you could get a refund but we wouldn't hold our breath...
Say goodbye to the City of Raleigh Rental Dwelling Registration
As the weather gets cooler, and indoors cozier, people typically opt to hunker down and hibernate. Optional moves are rarely on their to-do list during the hustle and bustle of the holiday season, and the overall general chill of winter. Factor in potential winter storms which tend to shut down cities in the south, and moving is often not an option at all. In 2014 for example (snowmageddon as the media dubbed it) most of January and a good bit of February were almost completely shut down.
Mid to late December through March are
New Hanover County will be raking in money at the expense of cash strapped landlords when the new year rolls around, and there doesn’t seem to be much you can do about it this year. The old personal property tax "includes motor vehicles, boats, campers, trailers, singlewide mobile homes with wheels & axle attached, doublewide trailers with wheels and axle attached, household furnishing or appliances for someone who rented or leased a residence or apartment from you, permanent tagged trailers and airplanes.” (http://tax.nhcgov.com/services/personal-property/) is being used in an aggressive, to our knowledge, never before seen way in NC. Our guess is that this wording was recently added to their site to lend credibility to the power grab… “household furnishing or appliances for someone who rented or leased a residence or apartment from you”
While some tenants may be satisfied to live in whatever, wherever; there are some tenants who are willing to make some cosmetic changes to their rental so that it feels more like their personal home. In a previous article here..., we talked about some changes that tenants could make to the kitchen without upsetting the landlord or violating their lease. This week we will discuss some apartment upgrades tenants can make in the bathroom.
Change the Color
Why is it that so many landlords like to paint everything beige? That color is so 1980’s. If you want to personalize the space that we frequent so often, consider simply changing the color. Better Homes and Gardens has some great ideas about how to bring your
There comes a point when you just want to make this rented house or apartment into your home. The problem is that it isn’t your home. But there are some changes you can make that can completely change the look and feel of your apartment without freaking out your landlord.
Here are some ideas we would like to share. We are going to write a series of articles and our first one will address changes you can make in the kitchen. While some of these will require approval from your landlord, others are pretty harmless or are easily returned to their original condition when you decide to move out – which we hope you love the place and stay.
If you're unfamiliar with VA loans, you should read this article that we posted last week first. here...
Technically, VA loans cannot be used to buy a rental or investment property. It is designed for buying the property owner’s primary residence. Meaning that the owner would be living there full-time. But, there are legal ways around this restriction. Check out these creative options:
Live There for a While
In order to qualify for a VA loan, you will need to live in the house – at least for a while. The VA program does allow the borrower to eventually move out and rent the house, especially if they are transferred to a
If you are looking to move to Raleigh, then no doubt you are interested in learning about the neighborhoods, boroughs and suburbs. This information will help you choose just the right place for you and your family. This week in our Feature Neighborhood series, we are going to focus on Boylan Heights.
The Highlights of Boylan Heights
Boylan Heights is a welcome respite from busy city life and such modern times. This historic, peaceful, hilltop neighborhood features well-maintained bungalows, lush green manicured lawns and friendly neighbors. It was added to the National Register of Historic Places in 1985. The vast majority of homes here have been built between 1907 and 1935. Nearly all the lots have backyard alleys allowing the front of the home to be the center point while providing hidden access to garages. Many of the homes offer its residents awesome views overlooking the city skyline.
Leases are not just for tenants. It is a contractual agreement between you, the landlord, and the tenant. Just as the tenant has responsibilities, so does the landlord. Let us take a moment to review what a rental property owner must know before they sign a tenant into a lease.
How Will the Tenant Pay the Rent?
There are a ton of different ways that a tenant can pay their rent these days. The traditional method of “the check is in the mail” is the old time way of doing things. Are you prepared to accept online payments? Will you accept credit cards? Are you willing to accept direct deposits into your bank account? Or does the tenant expect you to come and pick up the payment? You should discuss with the tenant a specific method of payment. Share with them the options they have to choose from and then mutually decide on the best method.
Are you saving for retirement? Are you looking for tax shelters for your money? Are you working to create lasting wealth? All of these require investment of some sort. What makes cash flow real estate such a safe investment? Let me share with you three reasons.
Demand makes Real Estate a Safe Investment
Mark Twain said it well, “Buy land, they’re not making it anymore.” There has been and will always be a demand for real estate – especially income producing properties. As long as the rental property has a positive cash flow, then there will always be ready and willing buyers.
Retired military service men have performed a valuable service to their country and the nation as a whole is grateful for their service. Veterans, did you know that some of your military benefits can be used to invest in rental properties? Before we talk about how to use a VA loan to purchase an investment property, let’s discuss some of the VA loan basics.