Perhaps one of you should buy the house and rent to the 4 of you. You could turn it into an investment property afterwards by renting it or selling it. Using private money can help you get the money to buy the place.
If you go to google and type in "virginia highlands georgia rent" it will bring up rentals for you.... more
There are actually very few true live/work properties in metro Atlanta and even fewer for rent. The First Multiple Listing Service does not have that as a property category. I've seen a few units for sale in the last year, none are currently listed for rent.
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listed for rent.... more
The potential downfall of renting privately is that you are at the mercy of your landlord to fix things in need of repair. If your A/C goes out in middle of Summer and your landlord is out of town- ouch! With limited private inventory out there available, I have found in recent months that you get a heck of a lot more bang for your buck if you lease an apartment than renting a condo. The difference is who you write the check to at the first of the month. Other than that, apartments normally offer better locations and better amenities at the same price, along with onsite maintenance to help with any day-to-day issues that may arise.
Most apartments built after 2005 were built condo-grade and design, meaning they potentially will do a full-on condo conversion once the market fully stabilizes. Right now you have the opportunity lease brand new apartments/condos and walk away from them when your lease is up. No HOA fees to use the amenities is an upside too. But the greatest advantage of all is the reputation of a management company and the services it provides to its residents. If the icemaker isn't working when you leave for a jog, it is when you get home. If the controlled access security gate to the property breaks, a management company is much better prepared to react and have it fixed than scrambling to find the HOA President to see if he can get ANYTHING done without a vote from the homeowners in the building.... more
There are no apartments in the Tritt Elementary school district - and I am pretty certain there are no two bedroom homes (circa 1900 - 1950) in this upper income East Cobb community school district.
For apartments you have to go north towards Roswell in Fulton county (good schools) or south toward the Cobb Parkway area ( fair to po0r schools)
Good luck.... more
Will depend on the owner and listing agent. But most likely your lease would need to be in EVERYONE's name and EACH would need a credit report. (If students, you are probably looking at parents co-signing your lease)
Hey, I was a college student once too, and there is always the concern of rowdy students, and damage to the home. I actually have a house full of college kids (at least I think) and all girls across the street from me. Other than issues with them mowing their yard, they not a problem.
You'll have to consider parking ( 4 people, 4 cars, big enough driveway or off street parking) Be prepared to have each person provide rental and personal references. Possible interview by the landlord to have a comfort level of the people renting. If you are all employed now ( no longer in college) this is a big plus.
Let me know how we can help!... more
She should pay you at least a dollar. And you should have a written contract, probably a lease, setting out exactly what she is responsible to pay, what your responsibilities are, when she will take possession and when, exactly, she will vacate. I normally would not recommend a lease between friends at all, it's a good way to lose a friend, but if you really want to help this person, just make sure everyone is protected in writing, and knows exactly what they can and cannot do and exactly what is expected of them. The agreement can always be amended at a later time but you need clarity if you are going to do this.... more
Hello Ms. Dennis, thank you for your inquiry about a rental property in the Druid Hills Drive area.
I would be pleased to help you, please see below and feel free to contact me via phone/email or
I look forward to your reply and to assisting you.
Elizabeth 'Beppy' Walton, Realtor
ASP, CFIS, DPP
C/404 234 9418
Email: email@example.com... more
There are a few things that can make an owner consider a tenant with bad credit:
1. Up front rent payment for several (3-6) months. Though it is risky for you if the owner default on his payments.
2. Higher security deposit. I recently did two such deals with 2 month's rent as security deposit upon signing lease with first month's rent due upon move in.
3. Stable employment.
4. Not too many defaults. May be one bankruptcy or some credit cards or one foreclosure instead of a long list of credit issues.... more
Go to www.greatschools.org to get the ratings for schools in the area. Feel free to go to http://fredyancy.crye-leike.com under "local community" tab to review things such as demographics, crime statistics, fun things to do and see in Atanta, and a ton of other information valuable for someone relocating to the area.
If you need an assistance in the search of your new home, feel free to contact me.
Fred Yancy, Broker
The answer depends in part on how many properties you plan to rent. We cannot give, nor should you bank on legal advice obtained through any online forum. You should speak with a financial planner to be sure you maximize the benefits being a landlord, and if you are concerned about legal aspects of being a landlord, contact an attorney. Contact a Realtor about the the potential rental income for your property and marketing strategy.
Best Atlanta Properties
I can appreciate your frustration, as many people today want to invest in the Atlanta rental market. I'd say you have a couple of options:
1. you could look for homes which are priced in the $30k price range so that you could simply pay cash....you might be surprised what $30k would buy you in the ATL market...check the Hud site, The Homepath site, and the Homesteps site, for forecloses.
2. You could entertain the idea of buying property with a business partner, which would potentially enable you to buy into a better neighborhood or better rental area.
Hope this helps! Feel free to contact me if you have other questions!
Keller Williams Realty Intown Atlanta
621 North Ave. c-50 (behind Ponce City Market)
search here for your dream home:
...the greatest compliment you can offer me is the referral of your family and friends... more
I'm confused by your statements. Are you looking to buy or rent? If you're wanting to buy your "first home", then you first need to talk to a lender to find out what you qualify for. But then you say you'll be "renting my home"? Does this mean you currently own a home, and you'll rent it out?
I think you need to clarify what you're trying to do. Then you need to find the right professionals to make it happen (lender, and Realtor).
Good luck!... more
I will be glad to help you. First, please tell me what your needs and wants are as far as a home:
How far does your husband want to commute?
Any other "have to have"?
What would you like to have?
Please send over this info with your email address to me at
and I'll get you started in the process.... more
Rentals are in high demand- inventory is low, and houses go quickly. What is your moving date and price range? Email me at firstname.lastname@example.org and I will help you out....
Ariane McClure, Esq.... more
9-10 cap rates for the good ones. 11-20 on the great ones.
So, play with the numbers - what happens if you cut the rate to a 5 - does that seem unreasonable?
Judge that any against an adjusted square foot price for Single family in the neighborhood - like 60-70% of the value of a single family house.
Does that seem reasonable?
Somewhere in that grey area is a price that will cause the sale quickly.
I know that those two ideas are not what an appraiser might use, but when it comes to pricing to cause a sale, it's art, science and skill that come into play, not just science.... more