Thinking of selling your property? First, consider the benefits of owning rental property, especially with an Atlanta property management company handling it.
Do you own property in Atlanta that you are considering putting on the market for sale? Or maybe you are thinking of acquiring rental property as an investment but are not sure it is a viable investment. You can be sure that in Atlanta it is, especially if you engage an Atlanta property management company to handle everything for you.
Atlanta is Georgia's most populous city and the ninth-largest metropolitan area in the country. That means a large population and market for rental homes. According to the Atlanta Regional Commission (ARC), Metro Atlanta will grow by at least 2.9 million to reach a population of more than 8.6 million in the next 30 years. This means growing demand for rental homes. It also means returns or rental rates will keep growing as demand grows.
There are those who were born there and there are those who choose to call Atlanta home. Atlanta boasts a gleaming skyline and an extensive, lush tree canopy. Apart from its physical beauty, there are also the people with their Southern charm and traditions. As Atlanta grows economically and picks up the pace in technological advancements, the spirit of the people endures.
Additionally, Atlanta has plenty to offer in terms of attractions. One is the Georgia Aquarium where, if you dare, one of the activities you can enjoy is swimming with the whale sharks and seeing a sea lion up close. Another attraction is the rich black history in Atlanta and there are plenty of events and activities related to LGBT.
Atlanta's culinary scene is another big attraction. There is something for everyone from the juiciest burgers as listed in the Wall Street Journal to the delicacies found in downtown restaurants and family-owned diners that have been passed on for generations. The soul food in Atlanta is to die for, from classic meat and threes to modern Southern cuisine.
Atlanta has a lot to offer when it comes to education from elementary to tertiary level. It has nine high school clusters that have precise feeder patterns. Without split-feeder patterns, the cluster model allows a student going to an elementary school to matriculate to the same middle school and then the same high school. Atlanta public schools have a total of 91 learning sites which include 18 charter schools, 58 neighborhood schools, and six partner schools. There are also two citywide single-gender academies and three alternative programs.
When it comes to tertiary education, Atlanta has diverse programs in various institutions that make it a leading higher education center. There are 19 public and private colleges and universities, five affiliated libraries, and 12 corporate and non-profit community partners. These higher education facilities and educational opportunities also provide a market for student renters.
If you are apprehensive about handling tenants, rental or lease agreements, and unpleasant situations like evictions and damages, don't be. That can all be taken care of for you. Renters Warehouse Atlanta was set up to do just for property owners so they don't have to. Renters Warehouse is an award-winning Atlanta property management company offering a full suite of services. It is also an investment services company for single-family rental homes.
The Atlanta company does more than handle tenants. It also helps property owners and aspiring property owners to create a long-term investment plan by providing research tools, education, and sessions with local investment advisors. For those who are aspiring to own property, Renters Warehouse Atlanta offers assistance in finding viable rental property from the company's investor marketplace.
Once that property is located and it is ready for a renter, the company will screen potential ones and identify a suitable one. This is done using the company's exclusive RentFeeder technology to market the property and screen tenants. Once a tenant moves in, Renters Warehouse Atlanta will handle rent collection, repairs and maintenance, and everything else. Real-time financial reports are available on the company's award-winning app as part of the company 24/7 Turnkey Hassle-Free Management Services.
Before selling your property or if you are thinking of acquiring rental property, consider the following benefits of owning rental property.
Property, whether rental or self-occupied, appreciates in value over time. The population also keeps growing and that means that the demand for rental houses will keep growing. Income derived from the rental property also keeps growing because rent is typically revised upwards rather than downwards.
Once your Atlanta property company takes care of everything and you have a paying tenant, you are set up for long-term returns. This is not only in form of the rent collected but also annualized tax benefits, appreciating fiscal value of the house, and access to financing to acquire other assets with the property as collateral. If you ever sell the property, it will be for a tidy profit.
Rental property owners enjoy tax benefits like writing off expenses like fees paid to their Atlanta property management company, repairs done on the property, property taxes, mortgage interest, cost of utilities, and more.
Another benefit of owning rental property is that it can be passed down to family. They would inherit a ready source of income that in the hands of Renters Warehouse, can continue to be a passive source of income. Property can be passed on for generations with no end.
It used to be that the American dream was to buy a home, live in it, and pass it on in the family or only sell to buy another one in another area. That has changed. Today, it's all about Rent Estate. This is ownership of more than one property acquired for the purpose of making money out of it by renting. It is a very viable option in a generation that has adapted alternative options like the nomadic lifestyle, Airbnb's and Uber that are used as needed as an alternative to ownership.
Years of experience in managing rental property in Atlanta has turned Renters Warehouse Atlanta staff into experts when it comes to what renters are looking for and what they expect. There are diverse needs based on the mixed population made up of students, business investors, retirees, students, and young professionals with families. They is a demand for single-family houses, condos, apartments, student housing, and townhouses.
The Atlanta rental market is a big pie and there is definitely enough for everyone. The key is to get management right and that is what Renters Warehouse Atlanta is all about. It is about making it easier, transparent, and hassle-free for those with rental property to maximize returns on it and those aspiring to get into this market to do so with a clear picture of what to expect.
Over the years, Renters Warehouse Atlanta has served many property owners offering them comprehensive management services as well as guidance about growing as investors in terms of optimizing returns on their property, using their assets to acquire more. Get in touch and we'll get you started on your own journey of prosperity starting with a rental analysis at no cost.