Atlanta has yet to get that first big freeze of the season, but it’s on its way. And when the frozen temperatures arrive, hopefully property owners will have already made preparations to protect sensitive vegetation to sustain the landscape through the non-growing season. In a perfect world, you would plant the right kinds of bushes, shrubs, ground covers, and trees at the property so that winterization is minimal. But there is always something that needs protection from the elements. Here … [Read more...]
Atlanta is a Great Place to Own a rental – Look at CNN saying our prices will appreicate
8. Atlanta 8 of 10 Median home price in 2012: $122,000 Projected home price in 2015: $164,253 Projected annual rent in 2015: $12,255 A knotty foreclosure problem has plagued Atlanta's housing market, with thousands of vacated homes weighing on home prices. In March, the city recorded a 17.7% drop in home prices, the largest 12-month decline of any of the 20 cities covered by the S&P/Case-Shiller home price index. Displaced former homeowners have helped push rents 12% … [Read more...]
My ex-tenants owe me money – what do I do now?
Traditional collection agencies are complicated, time-consuming and keep 35% of what they collect. A lower cost option is a service we provide through the credit reporting agency we use. For $35 each debtor a national collection agency will send a series of letters (including one from an attorney) that shows those money-owing tenants you mean business. When they pay you keep 100%!!!! And if they don't the service will report the debt to all three major credit bureaus. This may hurt their … [Read more...]
Why Buy an Investment Property in Atlanta Now?
Many, many comments on yesterdays post asking for more information on why buying an investment now is so attractive. It's simple - our prices are low, our rents relatively high and the historically low interest rates mean carrying costs are very very low. For example: Say you find a home for sale at $100,000 that would rent for $100 a month. Property taxes would be approximately $100 a month and property insurance would run $75 a month. With $25,000 down the mortgage would be $75,000 and … [Read more...]
Rents Are Rising in Northwest Atlanta – time to buy an investment?
Not a lot but we are starting to see an uptick in rental rates. $25 to $50 a month in many cases. We're also seeing a dichotomy in tenants. With lenders making it very hard to get a loan we are seeing tenants with strong careers and great salaries unable to obtain a mortgage. These families make fantastic tenants. They pay their rent on time and they treat your home as if it were their own. The trend for these ten ants are typically 4 or more bedrooms and they want to be ion our good … [Read more...]
