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Updated almost 5 years ago on . Most recent reply

Ryan Groff's profile image
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Ryan Groff
  • from Raleigh, NC
  • Member since Jun 5, 2017
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Ryan Groff's profile image
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Ryan Groff
  • from Raleigh, NC
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Ryan Groff
  • Raleigh, NC
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New Member Introductions

Rooming Houses in Raleigh Durham

Ryan Groff
  • Raleigh, NC
Posted

Does anyone have some insight as to the legality and laws on rooming houses in the Raleigh Durham area? I have a seller who is renting each room to 4 separate tenants. With what is it bringing in it is over a 23% cap rate. Is this legal in Raleigh and surrounding areas, and also will a property management company handle something like this?

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Dawn Brenengen's profile image
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Dawn Brenengen
  • Real Estate Broker
  • from Raleigh, NC
  • Member since Jul 22, 2014
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Dawn Brenengen's profile image
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Dawn Brenengen
  • Real Estate Broker
  • from Raleigh, NC
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

@Ryan Groff In Raleigh, you can't have more than 4 unrelated people in a house.  In Durham, it's 3 people.

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