Allowing pets is often a difficult decision for the owners of rental properties here in Northwest Atlanta - many families have pets. Do the benefits outweigh the possible negatives? Do pets really cause more damage than they are worth? The benefits to offering pet negotiable rental properties are easy to see, you get a bigger pool of potential renters. The more interest in your property means reduced periods of vacancy, longer-term tenancy, and possibly higher rents. To allow your rental … [Read more...]
Thinking of Buying a foreclosure? 4 pitfalls to avoid!
Due to the mortgage crisis that Atlanta has faced over the last several years, there are many foreclosure properties that are being put up for sal. Of course, this can be very tempting for home-buyers as people can sometimes get properties for 30% or even less on the dollar. This makes for a good rental property in many cases. However, if you are considering a foreclosure property for your next investment, then there are some common pitfalls that you will need to avoid along the way to … [Read more...]
Raising Rents Without Losing Tenants
Owners are reading about rising rents all across the country and eagerly await lease renewals to increase their profit and after the years of downturn it's a welcome change. However we see tenants balking at rent increases and threatening to vacate the home if the increases are enforced. Reality is that if tenants calculated the cost of moving, utilities transfer, and time involved most tenants would be better off staying put even with an increase of $100 a month. Advance notice is nice and … [Read more...]
Our Bold Real Estate Predictions for 2013
Real Estate Forecast for 2013 Here is my view of what will be happening in the Atlanta Real Estate market in the coming year. Some of the information is from other articles and some is from my observation and experience. Prediction #1 is the same as last year. There will be a slow and steady recovery in 2013. The tortoise will move a little faster this year than it did last year. Forbes says ” The housing market will improve moderately in 2013, but nobody will mistake this for a boom.” … [Read more...]
Case-Shiller Index 12/26/12 Atlanta Prices up 4.9% Year over Year!
http://www.usatoday.com/story/money/business/2012/12/26/case-shiller-october/1791535/ What does this mean for the Northwest Atlanta Investor? Good news if you own - prices went up - if you're looking ot invest - buy now - low interest rates and the general publics' reluctance to buy until it's a "sure thing" causes most to miss out on the bets time ot buy an investment property in decades. My Keller Williams office has a large institutional investor looking to buy 200 to 300 … [Read more...]
