I can understand your unwillingness to buy. After all, who in their right mind would want to buy a house at a rate of 3 to 4% and have their money grow at a rate of 1-3% per year?? Who could ever imagine buying a $60,000 house that's worth $100,000 and move into instant equity while keeping their payments around $500 even at a horrible rate of 10%?? Why would any even consider the possibility of potentially renting the property out in the future using a Real Estate Management company to collect future income for years to come??
Let me just give you a few pointers in case you decide to rent regardless of the info given above:
Make sure that the property you rent is free and clear. If it is not, tell (don't ask) the seller that you will make payments directly to the bank (use checks, not cash). There have been too many cases where the owner takes the money and does not apply it to the mortgage leaving you out in the street with no rights to your deposits.
Take before and after pictures of the property. I would even get an inspection done on the property to make sure the house wasn't moldy or worse, used as a meth lab.
Get renter's insurance to cover damage done by the dog. Even if you have a small dog, what's to prevent the owner to say that damages not covered during the walk through were caused by your dog and you have to pay for it?
Only rent from people using a Real Estate Management company and do your homework on that company to make sure they treated other people fairly.
Because lending has become more difficult for people and the economy has caused a lot of job loss and credit defaults, renting is at a very high rate. Therefore, owner's are taking advantage of people with higher rent rates. If any time were the time to buy, it would be now to keep your payment down and not have to worry about being taken advantage of.
How soon do you need to move? I am available to assist....
Better Homes and Gardens Real Estate Metrobrokers
It is 18 miles from downtown Atlanta, on the West side (that means less traffic).
The house is not listed yet.
It's a 4 bedroom house with a fenced yard.
The house is on a park.
$1800/month includes DirecTV w/HBO, Internet Service, home phone service, a community gym, pools, tennis, trails, basketball, bocce, horseshoes..