Unless you are building a new home, or relocating to this area, the home you purchase will more than likely be in a rental program. The Vacation Rental Act of North Carolina says that you must honor any rental agreements entered into by the previous owner for 180 days after you purchase the property.

Property management companies usually charge between 18%-25% of the gross rents to manage your property for the season. Each property management company provides different services for its clients. Make sure you know what services are included in your management fee and what services your management company offers for an additional charge. Most of these agencies offer services, in addition to your contract, al a carte.