Why Should you hire us? Our Services. Colin Moody Realty in association with H/CO Properties is a premier property management company serving individual owners, investors, and corporations in the greater Triangle area. Our property management portfolio includes residential and commercial properties in the Durham, Chapel Hill, Raleigh, Apex, Cary, Morrisville, Mebane and Hillsborough areas. • We handle the headaches of managing property, allowing you to enjoy the rewards of owning investment property. • We survey your property before, during and after tenant occupancy. • We Provide assistance in establishing rental rates • We provide a lockbox to facilitate the showing of the property to prospective tenants by area Realtors who are members of the Triangle Multiple Listing System. • We deal directly with tenants - negotiating and preparing leases, coordinating maintenance and collecting rents. • We have strong working relationships with vendors and repairmen. • We'll market and advertise your property both locally, and to millions of prospects over the Web. • We screen thoroughly and help you select quality tenants. • We provide Monthly statements to owners on income and expenses • You will received comprehensive monthly statements, year-end income and expense statement, and a 1099 • Recommendation of improvements to increase rental value We have the highest quality tenants available due to our selection process. We do credit checks, eviction checks and criminal background checks. Every tenant is required to place a one month deposit with us prior to move in. Our eviction rate is exceptionally low due to this selection process. Why Use A Property Management Company? Ask yourself the following questions • Do you have experience managing rental property yourself? • Are you familiar with fair housing and landlord/tenant laws in the jurisdiction(s) where your property is located? • Do you have relationships with contractors that ensure you can get 24 hour service at reasonable prices? • Do you have a reliable means to determine fair market rent and returns on your investment property? • Do you know and have the proper notices and legal process to deal with non-paying tenants? • Do you have a current, professionally crafted lease and related agreements/forms to minimize your exposure to liability should a tenant sue? If you answered "no" to any of the above questions, it might be prudent to hire a professional management team. The cost of one bad decision could more than offset the cost of hiring a professional manager to help you avoid the pitfalls of rental property ownership. Important questions to ask a prospective property manager. Looking for a property manager in the greater Durham, Chapel Hill, Hillsborough and Raleigh area? These are the things I look for in the management of my own investment properties, as well as have learned from industry experience: How do you advertise rentals? What do you charge as a "finder's fee"? How many other properties do you manage? Do you have a backup if you are unavailable? How do you screen renters? How do you handle repairs? How do you handle non-payments - i.e. late fees, worst case scenario evictions? They should have a payment schedule, send you monthly statements with your checks, and any repair receipts. You should agree to "approving" all repairs over a specified amount and they may set aside a specified amount to cover unexpected repairs. If it is a major repair (roof replacement, decking) always get a second opinion!!! Look for a property manager who works in the area of your property. You want someone that will be driving by the property to monitor it and be close by to show it to prospective renters. Look for someone who already has an inventory of homes for rent in your area, as they will already be talking to tenants. At Colin Moody Realty and H/Co Properties we pride ourselves in assuring you that your property will be managed in a professional and competent manner. We are com
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