Rental Trends; October 2016

November 17, 2016 by Mike Stott

DO we advertise on Zillow Rentals?

Skylar Olsen

Rents are appreciating but more slowly

Up 7% Nationally since 2015

Atlanta about 3.9%

Full Webinar here

http://www.zillow.com/rental-manager/resources/webinar/rental-trends-q3-2016/

More supply is coming online as building being done

Homeownership rate historic lows and expected to stay low – more people renting! But Household formation rising – older millenials are bunking with parents – Most new households are renters (delaying marriage and having babies) and competitiveness in home buyers market! Low supply/inventory/ prices rising.

New homes are too expensive for renters (lots cost more) – government regulation

3 house lots –subdivision retention ponds etc) Cost of sewer hookup here is between $20K and $60 in Milton

in Atlanta 1985 to 2000 20% of income spent on rent

2016 27%

Rentout versus Sell

Home appreciation or sell and invest in some other appreciable asset

About Mike Stott

“You can invest in the best markets in the country but if you don’t have a great management team looking after your investments you can still lose money. That is why I stick with Northwest Atlanta Properties. I tell people it is like buying a mutual fund. You buy a property and the fund manager does the rest. If he does a good job you buy more. That is why I am buying more.”

Jamie Neely

“Great Service, everything was wonderful”

Gary Thurman

“What a Fantastic Job you guys did! I knew I wanted to hire the team the moment I met them. They are spot on. They did all of the legwork, and at times seemed to move mountains for us. We truly could not be happier!”

Kim Johnston

“You guys are the best! I was so scared to pull the trigger on this and you have gone above and beyond to make things go smoothly. You guys are the best!! Many mahalos”

Maili

“Mike and Jon are the best! They made everything so easy!”

Andy Sexton

“This is our second transaction with Mike, Jon, & Donna. I Recomend them to everyone I know!”

Vic & Tammie Pecora

“I just bought a home in the Woodlands! If you need a great realtor, Jon Burke with Northwest Atlanta Properties was Awesome! He was very knowledgeable and there for me every step of the way!”

Patty Cunningham

“Many Thanks, Jon, Mike for outstanding service & support”

Ritesh Betala

“We went from knowing that we could never buy a house to owning our new home!”

Don & Kris

“Couldn’t be happier. Looked at houses one weekend, picked our favorite. That’s the one we bought. Got everything we wanted and more in negotiations. They held our hands through the entire process, going above and beyond at every opportunity. NWATLP Introduced me to my now lender, my inspector, and even helped me pick a home warranty! ‘One and Done’ should be their new catch phrase!!!”

Elizabeth W.

“Wow, we ended up being one of those people who sold their house in a day. Mike and Donna delivered exactly what we asked them to do and we are so happy we trusted intuition and our friends.”

Chris G.

“Seriously, you were great!”

Dan & Mimi Murray

“This was our eight transaction. It went as smoothly as possible and sold in two days!”

Marc Bootman

“We were blessed to have Mike and Jon sell our house. They were extremely professional and stayed in great contact with us. We interviewed 7 agents and they were simply the most prepared and had the most logical marketing plan. Their pricing spreadsheet really made a big difference. We highly recommend them.”

Daren & Sandra Woods

“I can hardly believe we made it. Thanks for your patience with me and the loving guidance you
gave.”

Lynn Bodenstein

“Just wanted to take a moment to thank God for sending you to us. You made the sale of our house grace-filled andeven fun with your humor. And, literally, you have driven all over the place trying to help us find the right home nowthat you sold ours. You get 5 stars and my personal recommendation which I don’t give out lightly. Thank you forbeing a man of excellence!”

Jay & Becky Harmon

“Mike and Jon helped us find a home that we love! They answered every question with professionalism and ease. They made the homebuying process so smooth! 5 stars to Northwest Atlanta Properties, we will recommend them to anyone looking to buy or sell their home!”

The Kornegay's

“Wow. Service with a smile. Knowledgeable and gave me all the info needed to find and buy our perfect house.”

Adam Winnie

“First of all, I want to tell you how happy and fortunate we are to be working with you. I love the way you are with people. You’re so calm & attentive and present. And it was wonderful how you had taken pictures before the meeting. So we are so lucky to have you on our team. Thank you, Jon!

The Fabozzi's

“The BEST out there. I loved how I would get an email when the house was shown. I was always super informed! Super professional in all aspects!! Thank you, Mike!”

Kristy Haines

“Northwest Atlanta Properties sold our house for the highest price in the neighborhood; EVER! That can’t be beaten! “

The Louder's

“My Wife and I became first time home owners in Sept. Northwest Atlanta Properties guided us every step of the way. They introduced us to several lenders, Home inspectors, and Appraisers. They were always concerned with what we thought and our preferences. We went out One Saturday and saw 6 listings. We put in an offer on the one we liked and Got it!!! They stepped in and made negotiations easy as well as prepped us for the eventualities we faced. They should change their slogan to “One and Done” We will never use anyone else.”

Josh

“This family-owned business was a joy to work with! They listed to exactly what we wanted and put our priorities above their profit margins. I never felt pressured to go into a higher price point then we were comfortable with. They showed us several homes in the areas we were considering and worked with us every step of the way. We were new to the state so relied on their expertise to find us the perfect community for raising our children. I was in constant contact with Donna, Mike, & Josh who never made me feel like I was bothering them. Their many years of expertise made me feel safe and confident while looking for our home. I couldn’t recommend them enough!!!”

Katherine B

“If you are looking for carefully curated experience combined with friendly and understanding customer service then this is the place for you! This is a company that puts their every effort into finding you the perfect home. I spoke with Donna and Mike Stott, Jon Burke, and Josh Weinberg and they were absolutely fantastic. I never felt rushed and they listened to my idea of my perfect dream home with rapt interest that resulted in a selection of beautiful properties and houses. I can’t thank them enough for their experience, time, and attention to detail.”

Alexis

“Mike was my listing agent and I had what we both knew would be a hard sale. I went though several other agents and Mike was the one who put in the hard work to get a contract and most importantly closed. It was not an easy process but he made it happen. I highly recommend.”

Ryan Jacobs

Mike, we had the best realtors in GA thanks to you and Donna we found our dream home! We highly recommend Northwest Atlanta Properties!

Ellen Rich-Fox

“Outstanding! I wish every realtor was this thorough! Thanks!”

Frank Muscente, Owner, a closer look

“Couldn’t of been easier, best realtor service I have ever had”

Amos Cordell

Donna, you and Mike are not at the top of my list of Realtors — YOU AND MIKE ARE THE LIST!!

Aileen

Thank you, Mike and Jon! It was a crazy ride but we are thankful for all your guidance. We will stay in touch. Appreciate all the work!
Michelle and Carl Markow

Mike,
Thank you so much for guiding me through this process and making sure everything went smoothly. I believe we got lucky with our buyer! It’s such a load off of my shoulders to close on the property!
The wire transfer came through and I couldn’t have been happier with choosing you as the selling agent. It was great meeting Matt and I know he will be a great agent. Thank you again for everything.
Regards,
Michael Starns

Mike,
Thank you so much for guiding me through this process and making sure everything went smoothly. I believe we got lucky with our buyer! It’s such a load off of my shoulders to close on the property! The wire transfer came through and I couldn’t have been happier with choosing you as the selling agent. It was great meeting Matt and I know he will be a great agent. Thank you again for everything.

Regards,

Michael Starns

Thank you Mike and Jon! It was a crazy ride but we are thankful for all your guidance. We will stay in touch. Appreciate all the work!
Michelle and Carl

DO we advertise on Zillow Rentals?

About Mike Stott

Northwest Atlanta Properties

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