General Area in Alpharetta>Question Details

David0607, Home Buyer in Alpharetta, GA

where I can find communities which allow rental? most of the properties I like does not allow rental anymore, it is very frustrating.

Asked by David0607, Alpharetta, GA Mon Apr 30, 2012

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5
Hello David,

If you want to search rental properties on your own, you can try http://www.NorthMetroHomeSearch.com/Rentals. Just point and click.

This may help in your research - showing you active listings (most recent are listed first). This is also a good guide to show you how much you could expect to pay rent as a tenant or could expect to collect as the landlord - so you could calculate your ROI.

Mark Laycock, REALTOR®
Buying, Selling, Renting
#1 on Google - "Metro Brokers Rentals"
Better Homes and Gardens Real Estate Metro Brokers
404.843.2500
0 votes Thank Flag Link Mon Apr 30, 2012
Hi David,
We live and work in Alpharetta, own several rental properties, and rent / manage about 80 additional properties in the area. I own my own property management brokerage and single family property management is all we do on that side of my business.

Many HOA's have been updating their docs to add additional renting restrictions, thinking that this will help preserve property values in their neighborhoods. Personally I think this will backfire on a lot of them as they experience a rise in foreclosures because underwater owners can't rent their homes to cover the mortgage and can't sell because they are underwater. These foreclosures will have a much worse effect on the community than allowing owners to rent their units....up to a point.

Because these changes are ongoing, and not static, proper due diligence is needed every time you consider purchasing a property to rent out. We have a pretty good idea of communites that still allow renting and many that either restrict it all together or are currently exceeding their rental limit.

Please call or email me if you would like to discuss this further.

Regards,
Deryk Harper
Broker/Owner
Key Locations Property Management LLC
http://www.keyrentalhomes.com
info@keyrentalhomes.com
770-722-6922
0 votes Thank Flag Link Mon Apr 30, 2012
Hi David,

Are you looking for a rental to move into yourself? Or are you looking for a property to purchase and then rent? Let me know more of your situation so I can better assist you. Thanks!

Laquita Baez
Better Homes and Gardens Real Estate Metrobrokers
770-901-0956
http://www.LaquitaBaez.com
0 votes Thank Flag Link Mon Apr 30, 2012
Buy single family and / or multi-family in lieu of condo, loft or townhome properties if you are a buy and hold investor.

You will be frustrated by the iuntense competition for these single family and multi family properties, but you will be frustrated a whole lot less than you currently are.

A realistic approach is a good start.

A great buyer's agent is your next step after getting a realistic approach - right now, you are simply stuck looking for a few needles that are barely located in very, very few haystacks.
0 votes Thank Flag Link Mon Apr 30, 2012
Hello David:

Give me a call, I have been doing the rental market in Roswell/Alpharetta area for the past seven years.

Patrick Meyers
Sellect Realty, LLC
678-641-2209 cell

http://www.alpharetta-shortsale.com
0 votes Thank Flag Link Mon Apr 30, 2012
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