I know your budget is already tight, but if own rental property within the City of Raleigh you now have another expense, a.k.a tax to pay. As of March 1, 2009 all owners of rental property inside the Raleigh city limits must pay to register their property with the city. This ordinance was basically passed to fund the Probationary Rental Occupancy Permit (PROP) inspections team. However, the proceeds collected will far exceed these costs and thus be transfer to the general operating budget for the city.
The city wants you to believe they are trying to punish bad landlords and 'clean up' our neighborhoods, but the execution of this goal has been terrible. What the city has done is impose burdensome restrictions and fees on good landlords that must be passed on to the tenants in order for the owner's business to remain profitable. You could make the argument that the city wants to eliminate rental housing and renters altogether.
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