Rental Properties Charlotte, NC Investment Guide

Looking to invest in a rental property in Charlotte? Find out why you should invest in rental properties in Charlotte in our guide.

Why Invest In Rental Properties, Charlotte, NC

Charlotte has fast become a hotspot for real estate investors with a growing job market, large population, and competitive house prices.

Whether you're someone who is just looking to get started with real estate investing or you want to expand your portfolio, our investing guide to Charlotte below will equip you with everything you need to know.

The Housing Market In Charlotte

Charlotte has a high demand for rentals thanks to a strong economy and consistent population growth. Neighborhoods such as Belmont, South Park, and Plaza Midwood are continuing to see robust rental demand and growth.

Although house prices are on the rise in Charlotte, it’s still a great time to invest in real estate here since it’s more affordable than other cities like Atlanta. Investors have a great opportunity with rental houses since there is a strong demand due to the shortage of housing. This is where the co-living model works great.

Pros & Cons Of Investing In Charlotte Rentals

Pros

• Consistent rental demand

• Strong economy

• Growing population

• Affordable prices.

Cons

• High competition

• Rising costs.

Rental Strategies For Properties In Charlotte

If you're looking to get started investing in real estate in Charlotte, then here are some great rental strategies.

• House hacking - This means buying a home and living in one part while renting out the rest. Many people do this to help with their mortgage.

• Co-living model - Platforms like ours at Alcove allow you to rent room by room, helping reduce empty vacancies and manage your rental leases all in one platform. Homes near universities and professional hubs work especially well with this model.

• Traditional rental model - Buy a single-family home and focus on longer-term renters in neighborhoods where people tend to settle down, such as Steele Creek.

Best Neighborhoods To Invest In Charlotte

Location is one of the most important factors to consider when real estate investing since it has a direct impact on your ROI. Here are some of the most popular neighbourhoods in Charlotte to consider investing in:

• South Park - This is an upscale neighbourhood known for its luxury shopping and dining, which attracts a lot of professionals.

• Belmont - Located near the Catawba River is Belmont, a great place for people who love the outdoors with small-town charm and great access to the Charlotte metro area.

• Plaza Midwood - A trendy neighbourhood with an artsy vibe, this location is popular with the younger population, making it ideal for co-living.

• Ballantyne West - With good public schools and a corporate scene, this neighbourhood is ideal for rentals, both commercial and residential.

• University of North Carolina area - The area around UNC is one of the best places to invest in Charlotte, making it perfect for shared renting and co-living with platforms like Alcove, allowing landlords to maximize their tenant rent.

Why Millennials Are Moving To Charlotte

Without the sky-high rents of places like New York, we are seeing more millennials moving to Charlotte thanks to its low unemployment rates and opportunities for banking, tech, healthcare, and remote work. For professionals who are looking for affordable single-living arrangements, this is where community co-living is starting to increase.

How Alcove Makes Rental Property Investing Easy

Most investors struggle with the management of their rental properties, which is where Alcove comes in, designed to help landlords rent out bedrooms with separate leases and vetted roommates.

Alcove also takes care of rental collection, managing tenant communication, marketing, vetting, and installation of electronic locks. Find out more about being an Alcove homeowner here.

Is Investing In Charlotte Property Right For You?

Now is an excellent time to enter the rental market in Charlotte, NC, with relatively affordable property prices making it great for experienced and new investors.

For those who want easy operations with high returns, investing in a single-family home and renting it through platforms like Alcove gives you more rental stability since you can rent out each room of your house, maximizing returns.

To learn more about Alcove, check here or check out the type of properties we rent out in Charlotte, NC.