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...]
When is it the right time to Divest?
The market in Atlanta is picking up - if you're thinking about selling - NOW may be the best time espeically if you're planning on buying a larger property. It's also time to plan out the Fall and Holiday seasons! Now is the time to map out the seasonal home maintenance like HVAC check, caulking around windows and doors, touch up painting, clean out gutters and plan on the fall yard plantings. Make your bigger holiday plans and set up the reservations or invite the guests to give everyone … [Read more...]
What Is Important In Property Management?
A conversation with a potential lead to these thoughts: 1) Cheapest often isn’t best. A competitor is offering to manage for a flat fee of $50 a month - we don’t see how they can possibly manage the porperty fro that amount. Managing is much more than collecting the rent. 2) Proximity matters. If the company doesn’t have a presence in your properties city then they might not be able to effectively manage the home. 3) Communication is key. If you can’t reach a owner/president of a property … [Read more...]
