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Raleigh Property Management
Let us manage your Raleigh 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 Raleigh, NC
Raleigh Is One of the Fastest-Growing Rental Property Markets in the Southeast
As the capital of North Carolina, Raleigh has become one of the fastest-growing and most desirable cities in the Southeast for residents, businesses, and real estate investors alike. Raleigh anchors the nationally recognized Triangle region, home to NC State University, Duke University, and UNC Chapel Hill, along with Research Triangle Park, one of the nation's largest hubs for technology, healthcare, biotech, and research employers. That concentration of innovation, education, and employment continues to drive population growth and rental housing demand throughout Raleigh and the Triangle.
Raleigh at a Glance:
- Population grew from 403,892 in 2010 to 467,665 at the 2020 Census, and has just crossed the half-million mark at roughly 506,300, one of the fastest-growing large cities in the Southeast. (Source: U.S. Census Bureau QuickFacts)
- Median home price near $420,000, roughly in line with the broader Wake County market and well below Cary or Apex.
- Single-family 3-bedroom rentals in Raleigh run roughly $1,950–$2,150/month.
- Raleigh-Durham International Airport (RDU) is in the middle of a $2.5 billion capital improvement program, including a Terminal 2 expansion set to roughly double the terminal's size by 2027. (Source: RDU Airport)
- Construction is underway on the New Bern Avenue Bus Rapid Transit corridor, a 5.4-mile line connecting downtown Raleigh to the east side of the city, with Western and Southern BRT corridors in design. (Source: City of Raleigh)
- The Carolina Hurricanes won the 2026 Stanley Cup, their first NHL championship in 20 years, with the team's home ice at Raleigh's Lenovo Center now undergoing a $70 million-plus renovation adding and replacing seats throughout the arena. (Source: NHL.com)
- The North Carolina State Fair, held every October at the 344-acre State Fairgrounds in west Raleigh, is the largest annual event in the state, drawing roughly 1 million visitors each year. (Source: NC Department of Agriculture)
Curious what your Raleigh property could rent for? Get a free rental analysis.
Named Local Employers Driving Rental Demand
Raleigh is home to more nationally recognized headquarters than any other town MasterKey serves. Advance Auto Parts, one of the country's largest auto parts retailers, is headquartered in Raleigh's North Hills. Martin Marietta, a Fortune 500 building materials supplier, and First Citizens BancShares, one of the largest bank holding companies in the U.S., are both headquartered in Raleigh. Red Hat, the open-source software pioneer, and Bandwidth, a communications technology company, are also both headquartered in the city. That concentration of corporate headquarters, combined with easy access to Research Triangle Park, gives Raleigh one of the deepest and most diverse tenant pools in the region.
Raleigh Neighborhoods and Submarkets
- Downtown Raleigh: The city's urban core, offering walkability, dining, and entertainment, drawing young professionals and downtown employees.
- North Hills and Midtown Raleigh: Upscale shopping, dining, and office space, also home to Advance Auto Parts' headquarters, with consistently high demand from professionals who want walkability.
- Five Points: A historic, tree-lined neighborhood near central Raleigh, known for its character and central location.
- North Raleigh: Established neighborhoods with larger properties, strong amenities, and convenient access to shopping, healthcare, and major commuter routes.
- Northeast and Southeast Raleigh: Emerging submarkets that appeal to investors seeking long-term appreciation potential and strong rental demand.
- Areas near NC State University: Consistent leasing demand from graduate students, faculty, healthcare professionals, and young professionals, in the same west Raleigh area as the NC State Fairgrounds and the Lenovo Center, home to the Carolina Hurricanes and NC State basketball.
Growth Drivers Fueling Long-Term Demand
- Construction underway on the New Bern Avenue BRT corridor, with Western and Southern BRT corridors advancing through design.
- RDU's $2.5 billion Transform RDU program, including the Terminal 2 expansion and new runway and parking investment.
- Continued build-out of the Complete 540 project, closing the final gap in the outer loop around Raleigh and improving regional commute access.
- Continued expansion of Research Triangle Park and its technology, biotech, and life sciences employers.
- Continued residential and commercial growth across Wake County, including in surrounding towns like Cary, Apex, Wake Forest, and Holly Springs.
Raleigh Investor FAQ
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Why is Raleigh attractive to investors right now?
Raleigh pairs the deepest employer base in the Triangle, Advance Auto Parts, Martin Marietta, First Citizens, Red Hat, and Bandwidth are all headquartered here, with a population that just crossed 500,000 and continues to grow. That combination supports consistent tenant demand across a wide range of price points and neighborhoods. -
Is Raleigh an appreciation market or a cash-flow market?
A mix of both. With a median home price near $420,000, Raleigh sits below Cary and Apex but above Wendell, and rents have kept pace with that growth, giving investors a reasonable entry point with room for both cash flow and appreciation depending on the neighborhood. -
Can MasterKey manage my Raleigh property if I don't live in Raleigh 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.