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One of the primary challenges Asheville, NC, property owners face, especially new or accidental landlords, is navigating complex housing laws. If you decide to manage your turnkey real estate property in-house (i.e., yourself), you must understand and comply with these regulations. Otherwise, you risk facing hefty penalties and fines and may even deal with legal complaints.
So, what should you do then?
The best solution is to hire a professional turnkey property management company, like PMI Mountain and Main. We've shared five reasons pro is the way to go, so read on.
1. Understanding of Local Laws
Landlords in North Carolina must follow all applicable laws codified in NC General Statutes Chapter 42. The NC General Assembly website has published them all, so take a look to see just how long GS Chapter 42 is.
You won't have to deal with those complex laws if you partner with an investment property management company. Your manager is adept and understands all state regulations. They also know the rules the City of Ashville, NC, implements, such as those for homestays and short-term rentals.
2. Marketing Made Easy
Marketing is one of the vital property management services your manager will provide. It involves the following steps:
- Setting the correct rental rate through property analysis
- Home staging
- Taking professional photos and videos of the property
- Creating engaging listings
- Listing your property on various rental platforms
If you don't have time to do all the above, it's best to leave your turnkey property to the pros.
3. Thorough but Compliant Screening Practices
Another duty you'd face as a landlord or turnkey property owner is screening tenants in compliance with federal, state, and local laws. An example of a federal law is the Fair Housing Act, which prohibits discriminatory housing practices.
To avoid mistakes that can land you in legal trouble, have a property manager handle the screening process on your behalf.
4. Prompt and Regular Property Maintenance
Enjoy hassle-free property management by hiring a manager to oversee your real estate assets' inspections, maintenance, and repairs. Doing so can help ensure your properties comply with all federal, state, and local building, health, and safety codes. It also helps retain or improve your property's value while letting you avoid hefty repair costs.
5. Eviction Protection
A reliable turnkey property manager will have guarantees to protect you from bad tenants and the cost of eviction. Their thorough screening process already helps reduce the risk of renting out to unfit individuals. However, you'll get additional assurance with their eviction protection plans.
Turn to Professional Turnkey Property Management
A professional turnkey property management company can help ensure your rental business complies with all applicable laws. They'll also help you market your property, find the best tenants, keep your real estate assets in top condition, and protect you from the costs and headaches of evictions.
As a full-service property management company, PMI Mountain and Main can do all that (and more!) for you. We're part of PMI, a larger national company that has served the property management industry for decades and manages over $5 billion of real estate assets.
Drop us a line today so we can give you a headstart with our free property analysis!
