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Wendell Property Management
Let us manage your Wendell 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 Wendell, NC
Wendell Is One of the Triangle's Fastest-Growing, Most Affordable Rental Markets
Wendell has grown from a small Wake County town into one of the fastest-growing municipalities in North Carolina, and it's still one of the more affordable places to buy in the Triangle. Located in eastern Wake County about 18 miles from downtown Raleigh, Wendell pairs a walkable, historic downtown with large-scale new residential development and a genuinely local employer base, giving investors a lower cost of entry than much of the rest of Wake County, backed by real population and job growth.
Wendell at a Glance:
- Population grew from 5,845 at the 2010 Census to 9,793 at the 2020 Census, and now sits at roughly 19,700, making Wendell one of the fastest-growing municipalities in North Carolina. (Source: U.S. Census Bureau QuickFacts)
- About 18 miles / 28 minutes from downtown Raleigh via US 64/264, with regional access improving further as the Complete 540 project connects to I-87 near Knightdale. (Source: Town of Wendell, NCDOT)
- Median home price near $405,000, well below many other Wake County submarkets, with prices up roughly 10% over the past year.
- Single-family 3-bedroom rentals in Wendell run roughly $1,800–$2,000/month.
- Wendell Falls, a 1,115-acre master-planned community, continues adding new homes, with Brookfield Residential recently breaking ground on 1,900+ additional homes. (Source: Town of Wendell)
Curious what your Wendell property could rent for? Get a free rental analysis.
Named Local Employers Driving Rental Demand
Wendell is home to the headquarters of several established manufacturers, giving the town a genuinely local employment base rather than relying only on commuters into Raleigh or RTP. KIOTI Tractor operates its North American headquarters and distribution center in Wendell, a 335,000-square-foot campus that has grown through a $13 million expansion. Siemens runs the U.S. headquarters of its Electrification and Automation business from a 272,000-square-foot facility in town, part of a recent $165 million investment across the Carolinas. Micro-Measurements, a Vishay Precision Group brand and a global leader in precision strain sensors, has been headquartered in Wendell since the late 1970s. SPC Mechanical, a mechanical contractor, also operates its headquarters campus in Wendell. Together, these employers give renters a reason to live near where they work, without commuting into Raleigh or RTP.
Wendell Neighborhoods and Submarkets
- Wendell Falls: A 1,115-acre master-planned community of new-construction homes and townhomes, and Wendell's primary driver of new rental inventory and population growth.
- Downtown Wendell: Historic cottages and bungalows in a walkable, small-town core, appealing to renters who want local dining, character, and a shorter commute to work if they're employed by one of the town's local manufacturers.
- Edgemont Landing: An established single-family neighborhood with larger lots, appealing to renters seeking more space and long-term stability.
- Pepper Pointe: More affordable single-family rental stock, drawing price-sensitive renters priced out of closer-in Raleigh submarkets.
- Deerfield: Another value-oriented pocket of single-family homes, popular with long-term renters.
- Woodlands of Timberlake: Additional affordable single-family inventory rounding out Wendell's entry-level rental options.
Growth Drivers Fueling Long-Term Demand
- Continued build-out of Wendell Falls, including 1,900+ new homes recently broken ground by Brookfield Residential.
- Wendell Commerce Center, a new light-manufacturing and distribution park beginning to open in phases in late 2026.
- Siemens' continued investment in its Wendell campus, part of a $165 million expansion across the Carolinas.
- Retail expansion at Wendell Commons, including a new Lowes Foods opening in 2026.
- Traffic and access improvements along Wendell Boulevard and Wendell Falls Parkway.
- The Complete 540 project, extending the Triangle Expressway to connect with US 64/264 near Knightdale, improving regional access between Wendell and the rest of the Triangle.
Wendell Investor FAQ
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Why is Wendell attractive to investors right now?
Wendell pairs one of the lower median home prices left in Wake County with a genuinely local job base (KIOTI Tractor, Siemens, Micro-Measurements, and SPC Mechanical are all headquartered in town), plus a population that has roughly doubled since the 2020 census. That combination of affordability, real local employment, and sustained growth is what makes it stand out. -
Is Wendell an appreciation market or a cash-flow market?
With a median home price around $405,000 and typical 3-bedroom rents in the $1,800–$2,000 range, Wendell offers a comparatively strong rent-to-price ratio for the Triangle, alongside meaningful price appreciation as the town continues to grow. It can work for investors looking for either cash flow or long-term equity growth, at a lower cost of entry than many other Wake County submarkets. -
Can MasterKey manage my Wendell property if I don't live in Wendell 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.