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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 07-07-2011, 05:10 AM
 
Location: S-E Michigan
3,916 posts, read 5,090,288 times
Reputation: 9555

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My wife and I fell in love with the Triangle area on our multiple visits during the nearly five years our youngest son lived there. Four distinct seasons (but little winter), vibrant, diverse, lots of green space, growth (sometimes too much but better than the alternative), and the friendliness of the people. Due to the current low real estate prices in the Raleigh area my wife and I may buy our retirement home now, and rent/lease it for the next 10 years or so as absentee landlords. We are not looking for retirement villages or resort towns, just nice family oriented neighborhoods.

Doing this would require a local property management company to screen potential tenants, collect rent, perform/contract required maintenance, perform periodic inspections, etc. Does anyone have experience with a company who excels in providing these services to owners of single family residential property?

Thanks,
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Old 07-07-2011, 05:30 AM
 
Location: Downtown Durham, NC
915 posts, read 2,277,073 times
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Which part of the Triangle are you looking in? I'd recommend a firm that does business primarily in the area you're in. That means that they're more likely to check up on it on a frequent basis.

I have some recommendations for Durham.
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Old 07-07-2011, 07:19 AM
 
Location: NW Cary
379 posts, read 917,638 times
Reputation: 257
I just sent you a DM w/info.
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Old 07-07-2011, 08:44 AM
 
Location: S-E Michigan
3,916 posts, read 5,090,288 times
Reputation: 9555
Quote:
Originally Posted by Carmela C View Post
I just sent you a DM w/info.
Got it. Thanks!

The previous comment about these compnies being localized may be extremely valid. Your recommendation has listings in Cary, Morrisville, Apex, and no where else. The previous comment was for a PM firm serving Durham.

Sort of reverses the original order of things for us:
  1. Find a Property Management company(ies) we like & trust.
  2. Find a house we love in the small areas served by the PM firms.
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Old 07-07-2011, 09:15 AM
 
Location: Downtown Durham, NC
915 posts, read 2,277,073 times
Reputation: 732
Quote:
Originally Posted by MI-Roger View Post
Got it. Thanks!

The previous comment about these compnies being localized may be extremely valid. Your recommendation has listings in Cary, Morrisville, Apex, and no where else. The previous comment was for a PM firm serving Durham.

Sort of reverses the original order of things for us:
  1. Find a Property Management company(ies) we like & trust.
  2. Find a house we love in the small areas served by the PM firms.

I would argue to find the house you want first. There's reputable companies in all parts of the Triangle. There's disreputable ones as well. After you find a house you like, head on back here and you'll get lots of feedback about management firms in those areas.

One caveat, though. It may be harder to find a firm that services some of the "farther out" suburbs/exurbs. If you stay in Raleigh/Cary/Durham/Apex/Morrisville/Chapel Hill/Carrborro, though, you'll have no problem finding someone to manage your property for you.
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