There is no substitute for competent leasing and management. Attracting and selecting tenants is a specialized skill, many of the tools are only available to professionals. Just because you can change the transmission in your car or install a garage door opener does not mean you should. Often it costs more to do it yourself if you are not experienced. Depending on the finish, size and elementary school, $1000 a month is not out or the range of possibility, but it is significantly harder to lease a home with less than 2 baths and $1000 is on the upper range in that area.. The amount of time you market also influences the price. If it takes and extra month to get $50 more per month rent, you have lost $400. Most owners will reduce rent to get a property occupied sooner rather than later. Send me an e-mail if you have additioanl questions.
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Internet Professional
203K Certified Specialist
2050 Roswell Road
Marietta GA 30062
404-386-3682 Assistant Robin
678-760-6266 Buyerâ€™s Agent Adam
I have lived in the metro Atlanta area since 1965. I grew up off of Powers Ferry Rd and lived in several different homes there within about 5 blocks of each other. My mother has lived in the same home off of Oriole Lane for over 30 years. At one point, or another, I have been inside most of the homes in the area. I even attended Powers Ferry Elementary School.
The neighborhood has definitely changed. If you want to discuss the particular home you are purchasing, and rent values / ROI/property management, give me a call at 770-722-6922. I own my own property management brokerage and I am also an associate Broker with Keller Williams Realty for real estate sales. Marietta is not in my service area but I would be happy to share my experience there, and the pros/cons of property management, as a neutral 3rd party. If needed, I can refer you to a good property manager in that area.
Key Locations Property Management LLC
Prudential Georgia Realty
I am married in my 30s and I have no debt other than my primary residence which is at 60% LTV. I want to see if being a landlord is for me and buy few more properties if things work out. Basically I want to diversify my retirement investments between maxing out 401k, Roth IRA and owning rental properties. Any advice would be greatly appreciated.
Difficult to figure ROI without knowing what your investment is. Is it 90K cash or are you financing? There is a big difference between 1.5 and 2 when it comes to rental properties. Please feel free to send me an email or give me a call and we can discuss this further. I am very familiar with the area with both sales and rental/ property management.
Thanks and I look forward to hearing from you.
I absolutely recommend that you do use a prop management company.