Category: Real Estate

Own a Rental House? Insurance Industry wants a ‘dwelling’ rate increase of 68 percent!

RALEIGH – In North Carolina, so-called ‘dwelling’ insurance policies are not homeowners’ insurance policies. Dwelling policies are offered to non-owner-occupied residences of no more than four units, including rental properties, investment properties and other properties that are not occupied full time by the property owner….

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This is Why Your Rent is So High | Big Landlords Collude to Jack Up Rates

News Analysis Editor’s note: This article uses the term ‘algorithm’ which, in its simplest form, is a set of instructions designed to accomplish a task. In recent years, a property management software company, known as RealPage, has developed an algorithm – used by big landlords…

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Letter Describes ‘Uncontrolled Chaos’ at Oriental Town Meeting

Mr. Martin Spratt, the developer who submitted a rezoning request for an executive RV Park in Oriental, sent the following letter dated (April 12) to the Oriental Town Mayor and Commissioners. Normally these types of letters discussing town matters would be read by the Mayor…

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Developers pitch two separate projects for Grantsboro

Away from flood-plain. Resiliency monies spur apartments for the ‘rent-burdened’ GRANTSBORO – A whopping 47 percent of folks in Pamlico County are defined as rent-burdened, which means the roof over their heads costs them more than 30 percent of household income.  Monday night, Beth Bucksot,…

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Developer backs away from Union Point Park in New Bern

The Kessler Group and the City of New Bern issued joint statements Tuesday morning on the proposed development of a portion of Union Point Park. Concerns, questions, and complaints began pouring in on social media and through texts, emails and phone calls after last week’s…

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