Greensboro, NC: The Gate City
With 299,035 residents, Greensboro is the third-largest city by population in North Carolina. It also functions as the seat of Guilford County. Colleges and universities located in this city include the University of North Carolina at Greensboro, North Carolina Agricultural and Technical State University, and Guilford College.
Greensboro is also home to countless attractions. Some of the most popular ones include the Weatherspoon Art Museum, the Greensboro Ballet, the International Civil Rights Museum, the Greensboro Science Center, Triad Stage, and the Greensboro Symphony. Events and festivals held throughout the year include the North Carolina Folk Festival, the North Carolina Comedy Festival, and First Fridays in Downtown Greensboro.
Beyond that, sports play a critical role in the culture of Greensboro. The city is home to the Greensboro Grasshoppers, the Greensboro Swarm, the Carolina Dynamo, and the Greensboro Roller Derby. Other points of interest include the Guilford Courthouse National Military Park, the Greensboro History Museum, and the Greensboro Arboretum.
How Is Greensboro’s Rental Market?
Greensboro has an attractive rental market boosted by affordable properties and a high renter population. The median listing price for a home in this city is $144,900, which is 37% below the national median. As for renters, they make up 49.7% of Greensboro’s population.
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In terms of rent, Greensboro does not disappoint. Landlords can earn decent returns in this North Carolina city. Renters pay an average rent of $1,075, which is only slightly lower than the national average. This also represents a 12% year-over-year change. About 41% of the apartments charge between $1,001 and $1,500 in rent, while 6% charge between $1,501 and $2,000. Only 3% command a rental rate above $2,000.
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Finally, North Carolina is a landlord-friendly state. Most of its landlord-tenant laws favor landlords in terms of fees and eviction proceedings.
How a Greensboro Property Management Company Can Help
Due to its many attractive qualities, Greensboro has seen a rise in property investors. Buying property, though, is vastly different from renting it out. You only really need capital and a good real estate agent to close a sale. On the other hand, being a landlord comes with a number of responsibilities. You need to find a tenant, collect rent, and oversee maintenance — all while making sure you stay within the law.
For many landlords, it simply makes more sense to hire a Greensboro rental management company. With a management company, you can outsource a majority of your duties to an experienced professional. What can a property manager do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
In Need of Property Management in Greensboro?
If you are looking for a property management company in Greensboro, Rental Choice is the right place to start. Search for the best management companies according to your city or state. From there, you can freely access more information about the companies listed, including their contact details. Begin your search today using our online directory!
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