PROPERTY MANAGEMENT - INVESTORS We can help you find quality investment properties. Carolina United Realty Property Management's Broker-in-Charge, Jim Acord, first started out as a Real Estate Broker specializing in Investment Property purchases. At one time, he and his wife owned 11 investment properties. Jim is uniquely qualified to take your investment budget and find properties suitable for each different investor’s needs and wants. Call Jim to discuss your investment property ideas and goals at 704-900-5005 or jim@carolinaunitedrealty.com.

TENANT PROCUREMENT Tenant Procurement is an option with our firm. We will diligently advertise your home on the MLS and on a dozen popular rental websites, place a lockbox on the door, monitor appointments with documented feedback, and all prospects are accompanied by a licensed agent during tours. We will find you a qualified renter to self-manage, that will be properly screened for your approval. Once a tenant is approved, we will prepare the lease for both the tenant and owner's execution. We then collect the first month's rent (prorated if a partial month) as well as a full security deposit (one month's rent.) A fee equal to one (1) month's rent or a minimum of $1000.00 is charged to the owner for this service. This fee will be deducted from the collected rent. If partial rent was collected, we will then disburse the remainder of the funds, as well as provide the owner with a copy of the lease, tenant application, the screening results, rental verifications, a property condition checklist( tenant will fill this out and return to you), key form and any other information pertaining to your tenants screening process.

INVESTOR FREQUENTLY ASKED QUESTIONS Can you help me determine rehab costs? Yes. Carolina United Realty has established relationships with General Contractors, HVAC Contractors, Electricians, Home Inspectors, Flooring Contractors and General Handymen. All of these service contractors and vendors will give our clients free quotes on rehab projects small and large. Ultimately, we will use these quotes to determine offer prices on sale properties and to establish budgets to get those homes up and running. Will you help us determine market rental value? Determining market rental value will be one of the first things we do when considering an investment property to purchase. It is the main part of the equation used to predict the amount of monthly rent the owner can expect to receive after closing and rehab. We use rental comparables from our database of 100,000 plus rentals in a 7 county radius of the Charlotte area and dating back 5 years. What is a foreclosure? A foreclosure is bank owned property. These homes are typically easier to negotiate than short sales. Banks will generally accept 3% – 6% off their list price and these properties are sold ‘as – is’ with a 10 day inspection period. In years past, these properties were listed at 70% – 80 % below market value to make up for repairs needed and to provide a little equity. Please note, not all foreclosures are good deals as the banks are trying to make top dollar to recover their losses. What is a Short Sale? A short sale is when the home owner is working with their mortgage company to try to ‘short’ their mortgage obligation instead of going into foreclosure. These short sale deals can be very time consuming and often the final sale price will not be determined until the last minute.