Here is our September 14th, 2021, email Update about Real Estate in Northwest Atlanta! You should raise your rent! Let’s look at what average rents have been historically in Atlanta: Year Average Rent 2012 $1007 2013 $1019 2014 $1058 2016 $1098 2017 $1133 2018 $1165 2019 $1193 2020 $1423 2021 $1645 So that property that you may have rented for $1000 a … [Read more...]
What if Congress Eliminates the 1031 Tax Deferred Exchange?
Here is our August 13th, 2021 Email Update about Real Estate in Northwest Atlanta It may not be likely but there has been a lot of talk recently about Congress modifying or eliminating tax-deferred 1031 Exchanges. Currently, a 1031 exchange allows investor owners to defer paying taxes with they purchase a new investment. For our layman’s version of how a 1031 Exchange works click here. If 1031 Exchanges are eliminated there is another option called a Delaware Statutory Trust (DST.) … [Read more...]
July 12th, 2021 Newsletter
Here is our July 12th, 2021 Email Update about Real Estate in Northwest Atlanta! Good news for many investor owners – rents are rising! From the properties we manage we have seen rents rise dramatically. Rents in the city were up 10.9% from May 2020… and they are accelerating like a race car! Rents are up 5.7% in the past three months of the cycle, although this will likely slow down after school starts. What is causing this unprecedented rise? One factor is that the Low Inventory and Higher … [Read more...]
June 8th, 2021 Newsletter
Here is our June 8, 2021 Email Update about Real Estate in Northwest Atlanta May 2021 saw our Investor Purchase Market go dormant as there is nearly no product (for sale) to be purchased! We have one new builder who has delayed 5 months (now due to close in October.) The builder says the silver lining is the same home will be $51,000 more in October… so the buyer is getting a deal. If they can keep waiting. Supplies are hard to find – toilets, concrete, paint, drywall, and windows being … [Read more...]
May 17th, 2021 Newsletter
Here is our May 17th, 2021 Email Update about Real Estate in Northwest Atlanta; In April we had an investor from the West Coast call us and say they had a $400,000 condominium under contract and they were looking to 1031 Exchange into a property here or in Tennessee. I am not an expert in Tennessee, but they were really impressed with what we have to offer here in Northwest Atlanta. The condo was owned free and clear and had been inherited and cash flowed between $741 a month after property … [Read more...]
