Owner FAQs

Answers to your frequently asked questions

• How do I learn more about Property Specific Realty's services?

  It’s simple, if you want to learn more about our services you may fill in our request information form, give us a call 919-307-7767 or email us and we will send an information packet to your email. We will follow up with you to answer any questions and set an appointment to view your property. If you are not living in the area, we are more than happy to make arrangements to view the property and schedule a follow-up call with you. Once we have viewed the property, we will discuss the contract details with you, provide market rent/sale estimates, and let you know of any needed repairs to get the property ready for the market.

• Can I reach you after hours?

  Yes. We are available after hours to answer questions and handle maintenance emergencies. Our office hours are Monday through Friday 9am – 5pm.

• Do I get to see the lease or sign it?

  Yes. You will receive a sample copy of the lease before you sign up for management services with Property Specific Realty and a signed copy of the lease will be provided to you as well.

• Do you sell real estate too?

  Yes, we are a full-service real estate team that serves the needs of investors specifically. We will evaluate the profitability of a property you may be looking to purchase, determine if your portfolio is performing adequately or if it is time to sell by generating a yearly profitability report as well as provide sales comparables so that you can keep current on how your property is performing.

• How and when do I get my monthly rental funds?

  You can expect to receive your funds and monthly statement between the 10th and 12th of the month as long as your tenant pays timely. North Carolina law requires Property Specific Realty to hold tenants’ personal check payments to allow reasonable time for the checks to clear the bank. Property Specific Realty does offer Direct Deposit of your funds as a convenience for our owners.

• How is rent collection handled?

  We accept rent payments via our online portal, in person at our office, or by mail. Rent is due by the 1st and is considered late on the 6th. After that time, a late fee will be assessed according to the terms of the lease.

• How long of a lease do you sign?

  Our Owners offer many different lease terms. Many ranging from 6 months to over 2+ years.

• How soon can you start managing my property?

  We can begin managing your property once the Management Agreement has been signed and the property is ready to rent.

• What type of properties do you manage?

  We manage single-family homes, townhomes, apartment communities and condominiums.

• What type of reports do I get and how often?

  When your property is on the market for lease, you will receive weekly property feedback reviews from the showings at your property. Owners are able to see how many times the property was viewed online, the number of showings scheduled and a summary of feedback received. While your property is leased, you will receive a monthly statement report showing you the income and expenses for each property. We also provide an annual review which includes a property inspection with photos and updated comparable rental rates. The reports we send you help you to stay on top of any maintenance needs for the property as well as help make the decision on renewing the lease each year easier.

• Who holds the tenant security deposit?

  When Property Specific Realty manages your property, we hold the tenant’s security deposit in a Trust Account.