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Morrisville Property Management
Let us manage your Morrisville Rental Property
Having a successful rental property requires a lot of time, effort, experience and knowledge. Let us save you that time, effort and frustration that comes with gaining that experience.
As a full service property management company, our team is responsible for taking care of all aspects of managing your rental(s).
How much rent can you get for your investment?
Our market analysis helps landlords and us make data-informed decisions about their rental property, including rate estimates and other information so they can invest and manage their investment property more wisely.
- Get Optimized Rental Value for Your Property
- Gain Crucial Insight into Current Market Conditions
- Determine Your Cashflow from Monthly Rental Value
Get In Touch With Us
Owner or Renter?
Why Hire Us Vs. Self-Managing
You’ll make more money – and spend less time maintaining your investment.
Some people assume that property management is expensive - but that’s not the case at all. You will actually make more money in the long run due to better quality tenants that stay longer and less damage or repairs to deal with.
Eliminate the constant run around & stress.
It is a full time job dealing with repairs, complaints, collecting rent and coordinating vendors. Transferring these responsibilities to a good property manager allows you to enjoy the benefits without spending all your free time working.
Better screening process = better tenants.
Because of our application tools and extensive resources, we can screen more tenants, and with more filters, ensuring you get the best renter for your investment. We often have a waiting list of potential renters and our eviction rate is extremely low.
Free ConsultSeamless Property Management...
Marketing
Marketing is key to successful rentals. We provide an expert market analysis for each property we manage to maximize your return on investment.
Tenant Screening
We conduct extensive screening on all tenants and handle every aspect of getting your investment rented in the shortest time possible.
Rent Collection
We make sure you get paid on time, every time. You no longer have to worry about rent showing up in your bank account.
Maintenance
We conduct inspections upon move-in and move-out and ensure all maintenance issues are addressed in a timely manner.
Financials
With our detailed financial reporting tools and online owner portal, it's never been easier to keep tabs on your investment.
Eviction Protection
In the unfortunate event that a tenant needs to be evicted from your rental, we will shield you from the stress and re-rent the property promptly.
...Stress-Free Ownership
Contact UsOur Client Reviews Speak For Themselves
MasterKey Property Management"Highly recommend MasterKey Property Management for anyone looking for property management in Raleigh. Sierra was absolutely incredible in helping us set up everything to rent out our property. Frank and his team then took over to get the property ready for rent. The whole team's expertise and responsiveness made the entire process smooth, efficient, and stress-free. Great teamwork!"
MasterKey Property Management"Robert (and his team at MasterKey) has managed my house for the past 6 years. It's been a stress free experience. He is grounded, responsive, and has never delivered any surprises. I can rely on him to find good tenants.""
MasterKey Property Management"I have leased through MasterKey for several years. They are very responsive and courteous with any maintenance requests. Pete, the in-house handyman, has been great to work with every time he's been over."
MasterKey Property Management"I have been with Masterkey Property Management for 5 years now and am very happy with their service. They promptly respond to queries and issues and are very good about keeping me informed of what is going on with my rental property. I highly recommend them."
MasterKey Property Management"We have 3 properties managed by Masterkey, and they have been fantastic to work with. Quick to respond, handle tenant issues, quick turnaround when finding new renters. Very easy to file taxes with the records they keep and their user portal is very easy to use."
MasterKey Property Management"Masterkey Property Management is a great company for both renters and landlords. Their attention to detail and responsiveness is unmatched. They take the stress out of property management so that everyone can rest easy knowing everything will be taken care of."
Our Guarantees
Happiness Guarantee
If, for any reason, you are not completely satisfied with our services and choose to end your relationship with MasterKey Property Management, you may cancel your Property Management Agreement without penalty beginning six (6) months after the start of the initial lease term, with sixty (60) days’ written notice. This guarantee is contingent upon all outstanding invoices being paid in full by the final day of management.
Eviction Guarantee
If a tenant placed by MasterKey Property Management must be evicted due to non-payment of rent, we will cover the court filing fees and attorney costs associated with the Summary Ejectment (eviction) hearing in County Magistrate Court.
Pet Damage Guarantee
For properties where MasterKey Property Management placed the tenant(s) with approved pets, we will cover up to $2,000 in pet-related damage beyond the security deposit.
Each approved pet is subject to a $300 non-refundable pet move-in fee, which is paid directly to the property owner. This is not applicable for animals covered under the Americans With Disabilities Act (ADA) or Federal Fair Housing Regulations that cover Assistance Animals/Emotional Support Animals (ESA).
Resident Retention Guarantee
If a tenant placed by MasterKey Property Management breaks their lease during the initial lease term, we will replace the tenant at no additional cost—no lease-up fee applies.
This guarantee does not apply to:
- Tenants who terminate a lease due to military service
- Tenants who are victims of domestic violence and legally request lease termination
- Tenants who remain in compliance with the lease by paying the required lease-breaking fees
On-Time Rent Guarantee
We guarantee that your owner distribution will be paid no later than ten (10) business days after rent is due, accounting for the State of North Carolina–required grace period. If we miss this timeline, you will receive one month of free management fees.
Results Guarantee
MasterKey Property Management will not charge the owner any money for property management services until a tenant moves in and starts paying rent. We don't get paid until the owner gets paid.
Early Termination of Lease by Tenant Guarantee
If any tenant vetted and approved by Agent terminates their lease during the initial lease term, Agent will find a substitute tenant at no additional cost to Owner, unless the lease is being terminated due to a legal military service exclusion, domestic violence exclusion, or if the tenants pay a lease termination fee.
Why Invest In Morrisville, NC
Morrisville Sits Right on the Edge of Research Triangle Park
Morrisville is one of the smallest towns MasterKey serves by land area, and one of the closest to Research Triangle Park, one of the country's largest hubs for technology, biotech, and life sciences employers. RTP's own boundaries are defined in part by Morrisville and Cary, and the park sits about 6 miles, roughly a 12-minute drive, from central Morrisville via NC-54. That proximity has let Morrisville build a dense corridor of global technology and financial services employers inside just a few square miles of its own, on top of easy access to everything RTP itself offers. That concentration of high-income jobs, combined with a highly international community, gives investors a tenant base that is unusually stable for a town of its size.
Morrisville at a Glance:
- About 6 miles, roughly a 12-minute drive via NC-54, from the heart of Research Triangle Park, closer than Cary, Apex, or Raleigh. RTP's own boundaries are defined in part by Morrisville. (Source: Research Triangle Park)
- Population grew from 18,576 in 2010 to 29,630 at the 2020 Census, and now sits at roughly 32,500. (Source: U.S. Census Bureau QuickFacts)
- Median household income runs around $125,400, among the highest of any town MasterKey serves. (Source: U.S. Census Bureau QuickFacts)
- Median home price in the $500,000s (recent estimates range from about $480,000 to $547,000 depending on the source), with typical 3-bedroom rentals running roughly $2,100–$2,200/month.
- Raleigh-Durham International Airport (RDU) borders Morrisville and shares the town's address, though the airport itself sits in unincorporated Wake County immediately adjacent to town limits.
- Duke Energy began utility relocation work along McCrimmon Parkway in 2026 as part of continued infrastructure investment supporting new development in eastern Morrisville. (Source: Town of Morrisville)
Curious what your Morrisville property could rent for? Get a free rental analysis.
Named Local Employers Driving Rental Demand
Morrisville is home to Lenovo's North America headquarters, a roughly 5,100-employee campus on Development Drive that anchors the town's technology sector. UBS also operates a major financial services facility in Morrisville, part of the bank's larger Triangle-area footprint following its acquisition of Credit Suisse's local operations. Just a few minutes further, along the Kit Creek Road corridor that carries Morrisville mailing addresses, sit Cisco's RTP campus, the company's second-largest site in the world after its Silicon Valley headquarters, and NetApp's Research Triangle Park offices. IBM and GSK, two of RTP's largest employers with roughly 8,000 and 5,000 employees respectively, are also just a short drive away on the Durham side of the park. That density of technology, biotech, and financial services employers within minutes of Morrisville, several of them practically on its doorstep, gives renters an unusually short commute for this kind of job base. Combined with Morrisville's highly international population, over a third of residents are foreign-born, it supports strong, stable demand from relocating professionals.
Morrisville Neighborhoods and Submarkets
- Breckenridge: Morrisville's largest residential community, with more than 1,100 homes and townhomes across seven subdivisions, sitting right outside the southern end of Research Triangle Park.
- Kitts Creek: A walkable, new-urbanism community of 845 homes and townhomes at McCrimmon Parkway and Church Street, directly adjacent to RTP.
- Perimeter Park: A mixed residential and commercial district that has become a hub for tech and life science companies, popular with professionals who work nearby.
- Park West: Anchored by Park West Village, the area's main shopping, dining, and entertainment center, with residential communities built around it.
- Preston: Widely considered Morrisville's most desirable neighborhood, a master-planned golf community spanning 35 subdivisions and roughly 1,300 homes.
- Town Hall Commons: A newer community off McCrimmon Parkway with more than 1,800 homes and about 5,000 residents, reflecting Morrisville's continued eastward growth.
Growth Drivers Fueling Long-Term Demand
- Continued build-out along the McCrimmon Parkway corridor, including utility relocation and infrastructure work to support new development in eastern Morrisville.
- Continued expansion of Research Triangle Park and its technology, biotech, and financial services employers along the Morrisville-Cary-Durham corridor.
- Ongoing investment at RDU, including the airport's $2.5 billion Transform RDU capital improvement program.
- Continued residential growth in eastern Morrisville around Town Hall Commons and the McCrimmon Parkway Extension Area.
- Morrisville's position along NC-540 (Triangle Expressway), providing direct commuter access across the region.
Morrisville Investor FAQ
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Why is Morrisville attractive to investors right now?
Morrisville sits closer to Research Triangle Park than any other town MasterKey serves, about a 12-minute drive, and pairs that with one of the highest median household incomes in the region. Lenovo's North America headquarters and UBS both operate directly in town, and major employers like Cisco and NetApp sit just minutes away along the Kit Creek Road corridor, with IBM and GSK a short drive further into RTP. That combination supports a stable, high-income tenant pool in a small, land-constrained market. -
Is Morrisville an appreciation market or a cash-flow market?
Primarily appreciation. With home prices in the $500,000s and a small land area limiting new supply, Morrisville behaves similarly to Cary and Apex: tighter cap rates, but a high-income tenant base and strong long-term equity growth potential. -
Can MasterKey manage my Morrisville property if I don't live in Morrisville or North Carolina?
Yes. Many of our owners live out of state. Our AppFolio-powered owner portal, detailed financial reporting, and local team handle everything on the ground so you can manage your investment remotely.