charlotte rentals: Buy and Bail - 10/14/10 11:19 AM
"Buy and Bail" 
In order to prevent the practice known as "Buy and Bail", HUD, Fannie Mae and Freddie Mac have introduced new rules to at least curtail, this practice.
"Buy and Bail" refers to strategically planning to default on an existing real estate mortgage by acquiring a new house before the buyer's credit rating has taken a hit by walking away from the old one.  This practice has allowed owners to secure a more affordable home before walking away from the old one because it is "underwater", or worth less than is owed on the property.
With the tightening of … (1 comments)

charlotte rentals: Move-in Ready? - 02/16/10 10:36 AM
Recently, I leased a Charlotte property to a lovely young couple with two small children.  Although this was a great property, priced right and in excellent shape, it had been on the market for more than 90 days.  When I spoke with the owner about a light cleaning, he questioned the need, since the house had been thoroughy cleaned just prior to placing it on the market.
While I understood his position, I also felt the tenant's request was not unreasonable.  Even a house in pristine condition today may need a some TLC in as little as 30 days.  Unused toilets … (1 comments)

charlotte rentals: Why Owners Should Consider Professional Property Management - 02/05/10 10:24 AM
Many owners come to us frustrated and disenchanted with their role as a landlord.  Many have a problem tenant behind on their rent, others are just too busy with their family and careers to deal with the day to day issues of property management.  Others have been sitting on a vacant property for some time and need help finding a tenant.
As professional property managers, we handle issues such as these every day.  We know how to deal with problem tenants, up to, and including the eviction process.  Because of our stringent screening process, we minimize the chance of a similar … (3 comments)

charlotte rentals: Tenant Security Deposits - 02/04/10 10:40 AM
A common question asked by both owners and tenants regards the return of a tenant's security deposit. Once the lease term expires and the tenant moves out, we are required to return tenant's security deposit, less and damages, within 30 days of move out. The question is, how do we determine damages? The short answer is that tenants are responsible for damages over and beyond normal wear and tear. As your property management company, it is our job to know, within reason, the condition of your property. During our initial visit to your property we make notes, take pictures, etc. Additionally, … (1 comments)

charlotte rentals: Fluffy or Tiger or Fido, Oh My! (Allowing Pets) - 01/29/10 09:46 AM
When entering into a property management agreement with My Home Leasing, many owners struggle with the issue of allowing tenants to have pets. As someone who has pets, albeit outdoor ones, I can sympathize with their struggle. Fact of the matter is, we see very little damage caused by pets. Most tenants would no more allow their pet to damage a property than they would cause damage themselves. Although there are no guarantees, our screening of prospective tenants includes information from their prior landlords. High on the list of questions we ask the prior landlords pertains to pets. Our rental contract … (2 comments)

charlotte rentals: CO Detectors - 01/22/10 01:40 PM
To insure compliance with N.C. Gen Stat. § 42-42 to 42-44 (see below) and avoid serious implications to non-compliant owners, Carolinas Metro Realty will begin inspecting all properties under our management for the CO detectors.  We appreciate the cooperation of both owners and tenants in making sure that all homes are in compliance with this Statute.
N.C. Gen Stat. § 42-42 to 42-44 - Landlord and Tenant Articles - Residential Rental Agreements<Effective Jan. 1, 2010>   Requires landlords to provide one operable carbon monoxide detector per rental unit per level.  A landlord that installs one carbon monoxide detector per rental unit per level shall … (0 comments)

charlotte rentals: Property Management Services are Customizable - 01/21/10 11:15 AM
Owners have different needs in terms of the level of property management service they require. Most are looking for full service, which means that Carolinas Metro Realty, as their property management company, handle all aspects of dealing with the property, from finding a tenant, collecting rents, to directing all maintenance issues. This is an invaluable service for owners that are across the country, or in many cases, on the other side of the earth, as well as for those that are just too busy to deal with these issues any more. While we keep owners informed regarding their property, the day … (1 comments)

charlotte rentals: What Makes a Great Rental Property? - 01/20/10 03:09 PM
As a Real Estate professional concentrating on property management, I have the opportunity to see properties in all sorts of condition. Most owners understand that first impressions are everything, but many, for various reasons, fail to assign the proper value to putting a property's best foot forward. In order for an owner's property to receive a prospective tenant's attention, it is extremely important that it appear "move in" ready. While a fresh coat of paint is great, many properties only need a touch up. "Move in" ready also means clean carpets and other flooring surfaces, making a great impact for very … (0 comments)

charlotte rentals: Demand For Rentals Continues to Increase - 01/14/10 03:36 PM
Although our property management team anticipated a slow down in rental traffic in November and December, this was not the case. Showings continued to be strong, and actual leases signed were in line with what we see in a typical month.And still it continues into January. According to experts, web searches for rental housing in the first week of January, 2010, were at their highest levels since the first week of August, 2009.Studies show that a vast majority of potential tenants, 72%, use the Internet as their first source for finding a rental property. This is why our property management team … (1 comments)

 
Treva McCain (My Home Leasing)

Treva McCain

Charlotte, NC

More about me…

My Home Leasing

Address: 1500 South Blvd , Suite 101B, Charlotte, NC, 28203

Office: (704) 927-4432

Mobile: (704) 219-6322

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