All Forum Posts by: Christian Hansen

@Raheem Jenkins

Hi, welcome and good luck! Are you hands on with HVAC? If so thats a huge plus as often properties that need "a little TLC" actually need paint(tlc), flooring (tlc) and an NEW HVAC SYSTEM! not TLC, major capital expense that is outside of most peoples DIY wheelhouse. So if you can get the unit at the distributor and instal yourself you can save a good amount of $. 

Taj, hi let me know if you have some questions. I am in Cary and know this area and Raleigh fairly well.

@Matthew Creech  Yes, what @Adam Schneider said! TREIA, the Deal Maker mtgs(I think they still meet near RDU Airport at a hotel), and there is a Meetup here through BP that meets monthly I think.  Let me know if you have any question about the Ral/Dur/Cary areas re: rentals.

John,

Hi, if you are in the Raleigh/Durham area the 6th or 7th I'd be happy to connect. I am a Lic agent/Realtor and I run a property management company so tend to look at properties from the investor mindset.

@Brielle Ford Hi, I think it's up to the sellers. I guess just be careful because your licensed your expected to on some level to act as impartial. I would make sure they are OK with whichever approach and that they know the options. As others have said I'd like to be on that list as well. Thanks and Good luck!

Hi, @Ryan Manning in NC you will need a Firm Lic. which you will need to be a full Broker to get, so just take all your Post-Lic classes right away.  The bigger challenge is that you have to have a Broker-in-charge (BIC) for each physical office you have. You wont be able to be a BIC until you have 2 yrs exp. You can hire a BIC eligible broker to be your BIC, it'll probably take a few tries I am guessing most will be a bit hesitant to shoulder the liability, but they are out there.

The big thing that the NCREC cares about is that you will be handling "other peoples money" so make sure you have right bank accounts setup and a good Prop Mgt SW that will let you handle the accounting. Please don't underestimate the accounting part of PM'ing it is a much bigger part of the business than people realize.

Good luck!

Hi @Emily Register Stephanie D'Atri at Hatch, Little & Bunn, Raleigh NC.  She is Often at the courthouse and previously worked on the other side as well so really understands what is likely to actually happen if a case goes to court. 

https://www.hatchlittlebunn.com/attorneys/stephanie-m-datri/

Justin, Hi and welcome. I am a bit up the road from you in the Raleigh/Cary area. Run a prop mgt co. and have a couple rentals as well. Happy to connect if your interested.

Best!

@Garrett D Shaw Hi, I did the same thing as what your talking about. I actually found the person who served as my 2 year BIC here on BP.  As I am sure you know they need to be local to you as the co. office has to have a physical location where you are both working from. There can however be multiple firms at that location.

The other thing is you mentioned your a PB, you should consider doing all your post licensing, become a full Broker because then you can be the Qualifying Broker and hold the Firm Lic. So the firm is yours but you don't need to be the BIC. Otherwise, as a PB you can't really have/own a firm.

Good luck!

Yvonne, hi thanks for the candid note, this is a very good example of why landlording/PM'ing is not as straightforward as people like to make it out to be. There is a human aspect to it and its hard to not be affected by that. 

First thing, you titled yourself Property Manager, which you are, but are you also a licensed broker in NC? If you are make sure you have your ducks in a row with respect to SecDep laws etc. these folks sound like they could be a nuisance.

In either case, I would trust your gut. If you think they will be a hassle and continue to pay late when they feel like it file for eviction AND close any channels they have to pay you rent. You don't have to accept their payments (checks, M.O.'s) but if they direct deposit they can make a small deposit and it will be considered accepted and nullify your case.

Also, make sure you are charging a late fee 5% in NC that seems to motivate people as well. 

Its a tricky situation and likely won't end with rainbows and unicorns but the sooner it ends the better. As a bonus, this is a much better time of year to be finding tenants  vs. November!

Yes, the involvement of your daughter is disturbing and totally not OK, I would tell the Mother (owner) that this behavior is unacceptable and if she is not sympathetic then don't worry about burning that bridge, it wasn't worth crossing.