The stage is currently being set for a boom in the investment properties being purchased once again. Consistent growth in the economy, the current interest rates, and the amazing deals available makes buying investment properties right now almost irresistible for real estate investors.
The growth in the amount of great deals available does not appear that it will dwindle anytime soon. Despite the influx of local Atlanta real estate investors that are gobbling up properties, the level of homes that were in foreclosure was so vast, that there are more than enough deals to go around. This frenzy has created a 7% growth in vacation and rental homes.
The one thing that experience investors know however, is the need to move with caution when taking advantage of these deals. Even though there is great money to be made in investments, there are also responsibilities involved. The fact is that not all people are cut out to become landlords. With that being said, if you want to avoid those annoying tenant phone calls, you should consider hiring an Atlanta property manager.
There are several reasons to hire a property manager. The main reason of course is avoiding he constant hassles that goes along with being a landlord. These hassles can range from late night calls about repairs to vandalism on an empty property. Hiring a property manager can help alleviate these issues especially you live out of the area.
Living far away from your rental or vacation property has many disadvantages. One of which has to do with the cliché when the mice is away, the cat will play. Out of state landlords have the tough task of keeping unruly tenants in check, because tenant realizes that the landlord is not able to move swiftly. This means that tenants can afford to act more irresponsibly due to the lack of authority.
Another disadvantage of the far away landlord is the inability to deal with everyday issues that a landlord has to do. Simple task such as dropping off keys, interviewing potential renters, or hiring repair personnel become major issues due to the distance. The truth is you cannot put a price tag on the ability to have someone in the immediate area to represent you.
Property managers can also pose as marketing experts for your property. They have the experience when it comes to which publications are better for listing properties. They also are able to find potential buyers through their already established websites. The number of people who can see your property online increases your chances of not having to pay mortgage on an empty house.
Before you take advantage of the vast amount of investment deals available, it is wise to examine your exit strategy as well as the added cost to your investment. Real estate agents in Atlanta can be great property managers for several reasons. One they are always in the field and they also are experienced with dealing with all types of people. If you are considering hiring a property manager in the Atlanta metro area, we would love to assist you in protecting your investment.