Raleigh Property Mgmt recommendations (And Airbnb advice)

[Liliana Ruano]

Hi Everybody,

My husband and I recently purchased a house in Raleigh that was intended for my recently widowed mother-in-law.  Unfortunately, she fell ill in November, and passed away on December 4th.  We would like to keep the house as a rental, but are not up to managing it at this time.  We are hoping to get some recommendations from all of you for the best local property management companies.  At the very least, we are interested in hiring them to find and place a tenant for us, and then we could take over from there if we want.

On a separate note, if we take on finding a tenant, and managing everything ourselves, then we would like recommendations on how to best perform the necessary background checks on prospective tenants.  We have had issues in the past with less than awesome tenants, and we do not want to repeat our mistakes.

One last thing ... we are interested in learning more about short term rentals (Airbnb), and the potential that this house might have in such a market.  The house is located on the 400 block of Jones Franklin Rd.  Any input about this would be greatly appreciated.

Thank you!

Liliana

[Andrew S.]

Originally posted by @Liliana Ruano:

Hi Everybody,

My husband and I recently purchased a house in Raleigh that was intended for my recently widowed mother-in-law.  Unfortunately, she fell ill in November, and passed away on December 4th.  We would like to keep the house as a rental, but are not up to managing it at this time.  We are hoping to get some recommendations from all of you for the best local property management companies.  At the very least, we are interested in hiring them to find and place a tenant for us, and then we could take over from there if we want.

On a separate note, if we take on finding a tenant, and managing everything ourselves, then we would like recommendations on how to best perform the necessary background checks on prospective tenants.  We have had issues in the past with less than awesome tenants, and we do not want to repeat our mistakes.

One last thing ... we are interested in learning more about short term rentals (Airbnb), and the potential that this house might have in such a market.  The house is located on the 400 block of Jones Franklin Rd.  Any input about this would be greatly appreciated.

Thank you!

Liliana

Sorry for your loss!  Jones Franklin should make a decent student rental, if you want to go that way.  It is a little outside the "Wolfline" perimeter, but I like that area quite a bit (in fact I live close to it).  Do you have enough parking for 3 or 4 cars?  On-street parking is tough to impossible around there (none on Jones Franklin) and you do need parking to attract students.

I recommend @Dawn Brenengen as PM - she will "find a tenant only" for you, or do the whole PM service.