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Old 02-14-2016, 06:26 PM
 
7 posts, read 6,037 times
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My family and I are moving back this July after a 20-year absence.

We want to rent a 3+ bedroom home (ideally a house) in Chapel Hill or Carrboro. I see many listings for what we want (~1500/mo), but I don't know whether I should be pursuing these places months in advance.

We currently live in one of the most competitive housing markets in the country (in California), and there's typically a ridiculous amount of applicants for a given rental. Is CH/C at all similar?

If we do an airbnb for a month, is it reasonable to expect we'd be able to find something permanent before the month is out? Or would it be better if I flew out there early and tried to secure something a couple of months in advance?

Last edited by acamp; 02-14-2016 at 07:21 PM..
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Old 02-14-2016, 07:28 PM
 
Location: Chapelboro
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Did you live in Chapel Hill before?

The rental market is tied to the University schedule. A lot of rentals come on the market in April and May, some get sublet over the summer and then and most are rented in August.
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Old 02-14-2016, 07:31 PM
 
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We did, yes, in the early 90s. I know it's grown a LOT since then, and I know that the rental market is tied to the university schedule. It's just that we were nearly burned here in San Luis Obispo, California, a few years ago when we rented a sublet for a month and had a very difficult time finding a permanent place before the elementary school year began (for our daughter). I'm looking to minimize such risk this time around.
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Old 02-14-2016, 07:50 PM
 
Location: Chapelboro
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Well, I guess it might be similar. It just really depends on what time of year you're moving. If you're moving in July/August it will be very competitive. If you're moving in Oct/Nov not as much.
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Old 02-14-2016, 08:01 PM
 
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Thanks, I think the best thing for me to do is to start calling management companies and asking around.
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Old 02-14-2016, 08:48 PM
 
Location: Chapel Hill, NC, formerly NoVA and Phila
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Our experience 4 years ago was that if it's priced well, it moves quickly. We looked for a townhouse in the off-season - October. Looked on a Tuesday. Called back on a Thursday and it was already rented. So I think if you see something you like you just need to jump on it. Don't wait. My friend rented out her house and the first family that came to look at it rented it. I think that was in May for a July rental.
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Old 02-14-2016, 08:54 PM
 
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Great advice and anecdote. Thanks!
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Old 02-14-2016, 11:12 PM
 
Location: Piedmont NC
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Can you confirm that ~1500/month is average rental price? What are average utility prices like? Thank you in advance.
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Old 02-15-2016, 09:10 AM
 
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I don't know if ~1500 is average, but if you look at Craigslist or chapelhillrent.com you'll see a good amount of rentals in that range. Can't speak to utility prices, though.
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Old 02-16-2016, 12:38 AM
 
Location: Piedmont NC
354 posts, read 381,745 times
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Can anyone recommend a property management firm that was easy to work with, reasonable price to prequalify, has lots.of leads?
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