North Carolina Property Management Companies See Improvement in Home Occupancy Rates
The recent increases in home occupancy rates could be attributable to a recent Business Week recessionary update, which determined North Carolina cities to be one of the best places to ride out the recession. Government statistics show a decline in unemployment numbers in June and July 2009 and more homeowners in North Carolina Home Owners’ Associations are starting to make HOA and rent payments on time, according to North Carolina Property Management Companies.
Low interest rates are luring wealthier buyers to purchase second homes before the upward swing. The recessionary environment, though still prevalent, is beginning to show signs or activity, at least in most cities in North Carolina. From the property management perspective, this is a great time for HOA’s to start utilizing Property and Financial Management services to offer additional incentives for new home buyers and investors.
According to William Douglas of WM Douglas Property Management at http://www.wmdouglas.com , “There are signs of recovery becoming more evident in the housing market. Since I started the Association Property Management business in 1980, I have found that recessions start to show recovery in some of the key areas we are seeing now.”
WM Douglas Property Management at http://www.wmdouglas.com specializes in property management of Homeowner’s Associations, Condominium Associations, and Commercial Condominium Associations throughout several states including North Carolina. Because they provide financial services such as invoicing, fee collections, and budgeting, they are seeing improvements in cash flow, due to increased collections.
Many Associations have been able to quickly move foreclosed units because the upkeep and maintenance of properties have maintained their integrity. This could be an explanation why managed Association property values have maintained their integrity, unlike many neighborhoods and subdivisions that have deteriorated in value.
Because http://www.wmdouglas.com provides maintenance and repair services, they firmly believe that this is an important part of a successful Home Owner’s Association, which protects the property values and makes resale amazingly easy, in comparison to un-managed subdivisions or complexes.
WM Douglas Property Management also specializes in handling the legal matters for Associations, so exercising legal rights and proper budgeting and fee billing are other keys to success for a Home Owner’s Association during a recession. For more information, visit http://www.wmdouglas.com.
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