Apple Realty

Apple realty is a full-service professional real estate brokerage company. We specialize in property management (privately owned rental homes) primarily in the Durham area, with a high concentration of properties around Duke University. We also do Real Estate sales with over 20 years of experience.

Property Management

APPLE Realty provides full service property management for owners wanting to rent their homes. Our management relationship is a series of permissions to act on behalf of our owners and we perfom this service for owners of Durham property who live throughout the Durham/Triangle area, the United States, and numerous countries around the world. New management pays a one time non-refundable adminstration fee of $150.00. For a monthly fee of 10% of gross collected rents, Apple Realty handles the following tasks for your rental property:

Tenant Solicitation- we use the internet , newspapers, & any other mutually agreeable resources to advertise vacant rental properties.

Showings- Unlike many competitors, Apple Realty will personally show rental properties to prospective tenants. We feel this gives added security to tenants and owners and helps us build better relationships with tenants prior to leasing. This also allows us to show rental properties and potentially lease them before they become vacant instead of waitng until they're vacant to begin marketing.

Tenant Screening - We use credit reports, rental or mortgage references, and criminal background checks to screen potential tenants. This is a very important part of success in managing rental real estate.

Negotiating & Executing the lease - Approved tenants sign a standard North Carolina lease with a property specific addendum which outline the obligations of the owner and tenant and define the terms of the tenancy.

Preparing Properties for Move In - Between tenants, rental properties are inspected for reconciliation of the the tenants security deposit. We schedule all necessary repairs and work to be done to make the property ready for occupancy by new tenants.

Maintenance & Repair - During the tenancy, APPLE will coordinate the completion of necessary repairs through our vendor relationships . We have established relationships with maintenance contractors in many categories of home maintenance who provide a good value in the quality and price of needed services for repairs. We try our best to be responsive in this area because we realize good tenants expect good service.

Collecting Rent- We manage rent collections, keep tenant ledgers, and in the event of an unkept commitment, we will use the appropriate court proceedings to enforce the lease.

Monthly Account Statements - Every month, owners receive detailed account statements of income and expenses for their rental property, and a yearly summary statement as well as 1099's.

Year-to-year Leases, Summer Termination - With so many properties close to Duke University and tied to the academic calendar, year-to-year leases with a summer termination have worked best for us. This at least plans potential vacancies to come available when the largest pool of good quality tenants are looking for available rental property.

Leasing Commission - Are you an owner who wishes to manage your own property but would like help screening tenants? Apple Realty will help market and show your property, screen the applicants, and prepare the lease for a fee of 1/2 of one month's rent.

We at Apple Realty aim to provide quality property management service to both our owners and our tenants. If you would like more information on how we can assist you, please contact our office at 919-471-2007.

Sales

We have two friendly and knowledgeable, licensed real estate agents on hand who handle sales of investment property and residential real estate. Many of our sales are geared toward helping existing owners grow their portfolios or sometimes to liquidate them. We also handle residential sales for owner occupants as well. Durham is our home and our market.

Apple Realty is your source of great rental properties in and around Durham. We have homes convenient to Duke University, North Carolina Central University, the Research Triangle Park and Chapel Hill, NC. We offer a variety of unique rental homes, townhomes and apartments throughout the Durham area . For more information and directions to our office, please contact us.

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