Uncategorized

Why I Love Investing In Atlanta

It is true that investing in real estate is a booming business that has made many people millionaires within a very short time. However, you need to make sure you have selected the area that you want to invest wisely because some parts of the country are yet to recover from the 2008 crisis and other places have reached the peak in as far as market growth is concerned. In my case, Atlanta realty market has been doing very well after the crisis and that is why I chose to acquire all my properties there

atl-gaI know there are many real estate investors out there looking for excellent opportunities and I can tell you freely that Atlanta is the place to be. The city is culturally vibrant and many people are moving there look employment opportunities. This has made the demand for rental properties in the area to increase drastically in the recent past. It is also worth noting that Atlanta is among the top ten largest metro areas in the country and an economic hub. If you do not know, the city plays a very important role in the economy of the U.S. and hosts over five million people. The city’s population increases year after year and the demand for rental apartments and single-family homes is on the rise. If you still have doubts that Atlanta is a nice place to invest in real estate, the following are some of the key reasons why I love investing there.

Investing in Atlanta Real Estate

  1. More projects and more properties keep on coming

Take it or leave it, Atlanta is the only city in the country where new projects and new properties keep on coming. Like I mentioned above, the city is the country’s business hub and new projects are introduced year after year. Consequently, the city continues to grow and demand for housing is on the rise, bearing in mind that thousands of the people are relocating to the city every year to look for employment opportunities. This is a city on the move and every sector is growing. Everything in the city is expanding and I know that chances are very high that demand for housing will continue going up for many years to come and properties will keep appreciating.

  1. Atlanta is a business hub in the country

The city of Atlanta is a business hub that hosts some of the biggest multinationals in the world. This city is popularly known as the home for entrepreneurs because there are numerous business activities taking place there. I also invest in commercial properties, and that is why I chose Atlanta to be my ideal place for investing real estate. The demand for commercial properties is very high here and rental rates keep on rising. I am sure that there is no single time when my commercial properties in the city will stay vacant for more than 2 months unless I am working on some major renovations.

  1. The market is growing and properties are relatively affordable

Many people still believe in the out-dated perception that Atlanta is the home to the low-income people, especially the minority groups in the country, who are mostly jobless. It is for that reason real estate prices have not escalated rapidly in the area as it is in other parts of the country. Here the real estate market is growing gradually and prices are relatively low. In other words, the real estate market in Atlanta is the buyer’s market. If you are looking for a good deal in real estate, look to contact a realtor or property manager in Atlanta (www.aramisrealty.com). The prices are far much lower than in other bigger cities in the country such as New York, Boston, San Francisco and west coast cities of California among others. I normally target growing markets where I can buy cheap and sell for a profit in future and Atlanta has all the qualities I look for in a city before buying properties.

  1. The city is strategically located and ideal for real estate investment

Strategic location is a very important factor to consider when investing in real estate and Atlanta will never disappoint you. The city is strategically located and many people live and work there. Ask anyone who has lived in the south or has studied there and they will tell you that the city of Atlanta is the capital of the south. All graduates from the south relocate to the city to look for employment opportunities. Here the cost of living is very low and even low-income earners can afford good housing and quality life. If you are planning to invest in rental properties, it is important to look for areas where everyone is relocating to and where the population is growing. That is what I did when buying my first real estate property and Atlanta was on the top of my list as the most suitable place to invest in real estate based on my expectations.

Uncategorized

Why I Decided To Buy A Property In Boise Idaho

Boise Real Estate Advantages

It is very important to conduct a thorough market study before choosing the city where you want to buy a property. This is because the real estate market is thriving at varying rates in different cities in the country and you can make more profits by buying your property in a city where the market is stable and growing faster. In my case, I own several rental properties in the city of Boise and I believe this is the best investment choice that I have ever made. The following are the key reasons why I decided to buy a property in Boise, Idaho and why a city is a great place for investing in rental properties.

Availability of reliable property management services

One of the key reasons why I decided to buy a property in Boise is the fact the there are adequate property managers ready to help investors maximize returns from their investments. I wanted to invest in a city where with professional property managers to take care of my investment as I move on with other income generating activities. Finding a reliable Boise property management company (http://www.rentalsinboise.com/)  to hire is not as challenging as it is in other big cities in the country and this made me try my luck there. I do not live in Boise and I wanted to be sure my investment was in safe hands.

Demand for rental properties is very high and growing

The city of Boise is one of the most populous cities in the state of Idaho and the demand for housing is very high. Additionally, the majority of the city residents cannot afford to buy homes and rely on rented housing. It is also worth noting that the city’s population is on the rise and the demand for housing is expected to continue moving up. My intention is to make enough money from rental income to accumulate huge wealth and I am sure investing in Boise rental market will never fail me.

Properties are gaining value

great-home

It is worth noting that the Boise real estate market is growing and properties are gaining value year after year. I did not want to buy a house in a market where prices have reached the peak or market where properties never gain value at all. As the demand for housing in the city of Boise goes up, houses are becoming expensive year after year. I wanted to acquire a property in the city where I was sure of making good profits if I decided to sell the house in the future. When it came time to begin my search for a home, I contacted Realty Management and started in Nampa. when it came time to  begin my search. Real estate properties in the city have been steadily gaining value and I have no doubt the trend will continue moving upwards for many years to come.

Availability of good real estate investment deals

Unlike in other big cities in the country, where it is problematic to find good investment deals due to the skyrocketing competition, the situation is a little friendlier in Boise. Although properties are gaining value in the city too, you can easily get a good property to buy at pocket-friendly prices if you use a reliable Boise property management company. In my case, I was helped by a local property manager to get a relatively cheap rental home in the part of the city where demand for rental properties is very high. All my properties are located in strategic places and none of them as remained vacant for more than a month.

The market is well regulated and safe for all

The good thing with the Boise real estate market is that there are strict laws established by the local authorities to regulate how the market works and protect the interests of all stakeholders. Whether you are a tenant, landlord or property manager, your interests are protected in Boise. I wanted to buy properties in a place where I was very sure that my investments would be safe and Boise met that requirement.

Mortgage services are available and affordable

When I was buying my first property, I had not accumulated enough savings to pay for it and my intention was to get a mortgage. One of the key factors that made me decide to buy a property in Boise is the availability of affordable mortgage services. Here there many mortgage lenders to choose from, whose interest rates and terms of payment are very friendly. It was very easy to get a good mortgage provider in the city whose rates and terms of payment were better than in other big cities that I had in mind with the help of a local real estate manager.

Generally, the city of Boise satisfied all my requirements for a good place to invest in the real estate properties and I have never regretted my decision even a single day.

Uncategorized

What to Expect From a Professional Property Manager in Winston Salem NC

Winston Salem NC is a populous city and an ideal place to invest in real estate. This is because the majorities of people do not own their own homes and use rented housing for accommodation. However, those investing in rental properties there should be ready to invest in a good property management company if they want to get good returns from their investments. The real estate market in the area is growing and the number of dubious property managers has increased too.

Real estate investors should therefore be very care when hiring a property manager if they want to get the best services. Remember that every property manager in the area will claim to offer excellent services and it is upon you as an investor to make sure you have hired the best property management Winston Salem NC to take care of your investments. Here are some of the key things to expect from a professional property manager in the area.

  1. Ability to screen potential tenants and accept only the best

It is worth noting that not all people renting houses in this populous city are honest and trustworthy. We have some unruly and uncooperative tenants and you have to run after them everything end month so that they can pay rent. Some are very troublesome and you should accept them in your properties if you are ready to solve tenancy related issues from time to time. However, any property management Winston Salem NC company should be able to screen potential tenants and only accept the best in your properties. Any professional property manager in the area should be able to tell between honest and uncooperative renters.

  1. Ability to advertise your properties to potential tenants

When you hire a professional property manager to look after your investment in Winston-Salem NC, he or she should also be able to reach out to possible renters and convince them to occupy your rental properties. This means that a professional property manager should also be a good marketer and capable of beating the competition to bring more tenants. It is therefore very important to confirm that the property manager you want to hire is capable of advertising your properties to potential tenants and convince them to rent your properties.

  1. Should be able to solve tenancy related issues as they arise

It is impossible to avoid tenancy related issue in your properties no matter how thoroughly you have screened your tenants. However, if you have hired a property manager to take care of your rental properties in Winston Salem NC, he or she should be able to solve tenancy related disputes amicably without necessarily evicting tenants. A professional property manager should be able to solve tenancy related issues before tenants reach to you.

  1. Ability to collect rent and rental deposits from tenants

Collecting rent and rental deposits from tenants can be very hectic, especially if you are dealing with untrustworthy and unruly tenants. Imagine a situation where you have to call tenants every end month to remind them that rent is in arrears. Some may even choose not to pick your calls or come up with all sorts of stories only to avoid paying rent on time. However, if you have hired a professional property manager to look after your investment, he or she should be able to collect rent and rental deposits from tenants as agreed in the tenancy agreement. More so, the property manager should be able to use the existing laws to recover rent in arrears from defaulters.

 

What to Look For In a Seattle Property Manager

The real estate market is reviving in the country and property owners are now smiling to the bank because their returns are increasing year after year. However, real estate investors in the country have to invest in good property management because competition is also very high. It is therefore important for investors to make sure they have hired reliable property managers to take care of the investments as well as handling tenancy issues. The following are the basic qualities to look for in a Seattle property manager in order to make an informed decision on who to hire to manage your properties.

  1. Consider a local property manager 

Real estate management is Seattle is highly profitable and has attracted both local and foreign property managers. However, it is always good to consider local property managers if you want to get excellent results. Although there are some foreign property managers in the area who offer good services, it is better to hire the locals because they have a better understanding of the local real estate market trends that are very useful to investors.

  1. Adequate skills and experience 

Property management in Seattle is a booming business and many people are trying their luck as property managers. Consequently, not all property managers in the region have the required skills and experience to deliver excellent services to their clients. We have the experienced property managers, upcoming ones and those with no skills at all. It is therefore important for real estate investors in the region to be very careful and make sure they have a qualified Seattle property manager to look after their investments.

hard working property manager

  1. Consider property managers working under a company 

Property management is a very involving task and it requires a lot of resources that many individual property managers do not have. It is therefore important to consider property managers affiliated with a certain property management company or hire a property management company to take care of your investment. This is because property management firms generally have more resources than individual property managers. You need someone who will not struggle to do repairs and renovations in your property when needed.

  1. Licensing and certification 

A good Seattle property manager should be licensed to operate as a property manager in the area. Remember that there are rules and regulations set by the housing and local authorities that property managers in Seattle have to meet to be allowed to operate as property managers. More so, property managers in the region need to undergo some training before they can be allowed to operate in the region. It is therefore important to make sure the property manager you want to hire is licensed to operate in the area by checking the their documents and certificates. The property manager I’ve used in Seattle holds an NARPM license and is fully certified to be a property manager. You can visit their website http://tsquareproperties.net if you’d like to find out more about them

  1. Outstanding communication skills 

Remember that a property manager serves as the link between the property owner and tenants. It is therefore important to make sure you have hired a property manager with outstanding communication skills to so that you can be always informed about what is happening in your properties. Your property manager should be able to give you timely reports about your property condition, vacancy rates, repairs and other important updates about the property and tenants.

  1. Good property marketing skills 

Real estate market in Seattle is highly competitive and property owners are required to advertise their properties extensively in order to reach potential renters. It is therefore important to make sure you have hired a property manager with good marketing skills to reach possible tenants so that your property does not remain vacant most of the time.

Seattle property marketing

  1. Permanent offices and address 

This is a very important factor to consider when hiring a property manager. Always avoid property managers with no permanent offices and addresses or those who operate from their houses. A good property manager should have a well-equipped permanent office. This makes it easy to keep and manage tenancy documents. Additionally, tenants need a permanent office where they can seek help when necessary and a permanent address where they can post checks when paying rent.

  1. Consider property managers with good ratings and reputation 

A good reputation is very important in as far as property management is concerned. The majority of the renters are attracted to properties under the care of managers with good reputation. Renters normally consult one another when looking for property and look for a property manager who will offer them excellent services and support. It is therefore important to make sure you have entrusted your real estate properties to a reputable property manager because it serves as a very effective marketing strategy.

 

 

 

Uncategorized

Hire a Professional Property Manager vs.DIY

Many aspiring landlords believe that owning a property is the beginning of their financial freedom. However, what most of them do not know is that managing a property can be very hectic and challenging if you do not have adequate knowledge about property management. It is, therefore, wise to hire a property manager to take care of the property on your behalf. That way, you are able to free yourself from the hassle of running after tenants and addressing other tenancy related issues. The following are some the main advantages of hiring a manager for property management Littleton CO, instead of doing it yourself.

  1. Property owners are able to maximize return on investment

 What is ROI?

Many aspiring landlords think that they will get more returns if they manage their property themselves. The truth is that although a property manager takes a percentage of the monthly rent for their services, that amount is negligible when compared to time and money you spend when managing your property on your own.

  1. A property manager gives you freedom to invest more

    property management littleton co

Property management is a very involving undertaking and property owners who choose to manage their properties may lack time and freedom to invest more. However, hiring a property manager leaves you with plenty of time and freedom to find other profitable investments.

  1. Is it easy to get right tenants?

Property management in Denver and other neighborhoods of Colorado are quite involving and it can be difficult for property owners to find the right tenants. However, hiring a property manager makes it easy for landlords to get the right tenants because property managers have more experience in the industry. They can better identify the right candidates who will take better care of the property and pay rent in a timely manner.

  1. A property manager saves you from messy legal problems

Property management is a very sensitive task that can be very costly if a property owner does not have a good understanding of their actions. There are strict requirements arising from the local authority, state government, federal government and as well as housing regulations that need to be adhered too. Violating any of these laws can get you into messy legal problems. However, hiring a licensed property manager in Colorado can help you avoid many unnecessary legal problems arising from renting out your property.

  1. A Property manager is able to set the right rental rates

Many property owners lack adequate information about market trends and end up setting very high rental rates or very low rental rates for their property. When rental rates are very low, property owners get low returns. On the other hand, when rental rates are very high, tenants are scared and houses stay vacant for a long period of time. Property managers are more informed about market trends and they know the right rental rates for a property in the area.

  1. A property owner enjoys timely rent payments

Sometimes it can be difficult to collect rent from tenants when you are doing it yourself. Some of the tenants might be your close friends and you may not be comfortable to pressure them when late with their rent payments. However, a property manager is able to make sure tenants have paid rent on time.

  1. It is easy to keep good relationship with your tenants

Sometimes your tenants might be your close friends and it can be very difficult to pressure them when they have not paid rent on time. Moreover, dealing with tenants that have violated tenancy agreement can be a daunting task if you do not want to be the bad person. However, when you hire a property manager, you do not need to be involved with your tenants in that way, therefore, it is easy to maintain a good relationship with them.

  1. Property owners can avoid late night calls

Landlords who manage their own properties are expected to respond to late night calls whenever there is a problem to fix in the rental property. However, when you hire a property manager, you are able to enjoy a full night sleep because there is someone to respond to issues and emergencies at all times.

  1. Property owners are able to avoid eviction related problems

It is worth noting that sometimes tenants can be unruly, hence eviction remains the only option to solve the problem. However, evicting a tenant can get you into problems as a property owner, especially if you do not understand the procedure for conducting evictions. Hiring a property manager can save you from eviction related problems because property managers are more informed about eviction laws and regulations. If you’re looking for a great property manager in Colorado, I recommend McGuire Property Management. I’ve worked with them for one of my properties and have nothing but good things to say.

Uncategorized

8 Quick Tips for Buying Your First Investment Property Successfully

Many of the world’s wealthy people are property investors and they believe that property investing is a smart option to building wealth. This is certainly true. However, for you to make good returns in property investing, you need to be well versed with the industry. It is, therefore, important to conduct thorough research before committing your. Unlike other types of investments, owning a property requires a lot of money and it is important to make sure that you are well informed about the industry before starting your career as a real estate mogul. The following are quick tips for buying your first investment property successfully.

  1. Ask yourself if you are ready

Property investment is not a get rich quick scheme but a project that requires patience and financial capacity. It is, therefore, important to ask yourself if you are ready to buy your first investment property or not. Start by checking your financial ability and other urgent issues that need your attention. If you have limited finances or you have other urgent things to finance, start by sorting other financial needs first. Once you are financially settled, you can now proceed with your idea of buying your first investment property.

investment property planning

  1. Have a practical plan

Many first-time property investors lose their money because they lack a good plan of where they want to be in the years to come. Although buying real estate is a sound investment, it does not mean that everyone who has enough finances should do it. You need to have a practical plan as to why you want to venture into property investing. What is your intention? Do you want a property to rent or to keep and sell later at a profit? Perhaps you want both.

  1. Know the kind of property you want to start with

Real estate is a very exciting field and there are many different types of properties you can buy. It can be confusing to first-time property buyers and you can end up making bad decisions. Knowing what the right property is for you is very important before committing your money. Do you want to buy a commercial or residential property? Do want to buy well-maintained property or a property you need to renovate? Are you looking for a fancy, expensive property or a cheaper property in a developing area? These questions should help you to identify the right property for you.

  1. Know the neighborhood where you want to buy your first property

Many property investors use their first investment to determine whether they will buy more properties in future or not. Buying your first investment property in an unfriendly environment can result in low returns and you end up discouraged from investing in more properties. It is, therefore, wise to make sure that you understand the environment where you want to buy your first property before committing your money. Visit the area several times at different times of the day, weekdays and weekends to make sure that that you are comfortable with the location.

neighborhoods real estate location

  1. Know the local vacancy rates

This is a very important aspect to consider before buying your first investment property. Although vacancy is a normal thing in property investment, high vacancy rates may make your property unprofitable. It is, therefore, important to check with the local property management firms for vacancy rates in the area where you want to buy your first property. It could be unwise to buy property in an area where rental houses are over 50 percent vacant throughout the year or where the majority of people live in their own houses.

  1. Know all your investment expenses

Many first-time property investors think that they are good to go as long as they have enough money to pay for the property they want to buy. However, this is not the reality all the time. It is important to know all your investment expenses such as repairs, maintenance, garbage collection, utilities, insurance fees, and other costs associated with investment property. In order to be on the safer side, it is good to have extra money equivalent to 50 percent of your expected income to cater for investment expenses.

  1. Know how you intend to finance your property

It is important to know the sources of financing for your property. If you will finance it from your savings or a bank loan, you need to know the advantages and disadvantage of either option. Make sure your financing is ready before you start looking for a property to buy.

  1. Will you manage the property yourself or hire a property manager?

The last factor to consider is whether you plan to manage the property yourself or you will hire a professional manager to do it on your behalf. If you intend to do it yourself, do you have adequate skills to do it? On the other hand, if you intend to hire a property manager, you need to know the expected costs and your net returns from the property.

 

What Is Ailing the Atlanta Real Estate Market? Things that Property Management Companies in Atlanta Need to Know

Many cities in different U.S. states have experienced rapid real estate growth in the recent past. Actually, real estate in many big cities has shown positive indications of recovery in the past two years. However, the situation is quite different in Atlanta, where the real estate recovery process is still lagging behind. This has raised more questions among property management companies in Atlanta because the city seems too slow to catch up with other big cities in the country.

Many people expected real estate to grow rapidly in Atlanta after the recession, since it is one of the most populous cities in the U.S. In order to provide answers to some of the questions asked by property owners and property management companies, the following are some of the things that are ailing the Atlanta real estate market as explained by Jim Lee, chairperson of CRE and a co-founder of investment firm Kensington Realty Advisors in Chicago.

  1. Densification/urbanization of Atlanta suburbs 

Many suburbs of Atlanta are becoming urbanized, creating environments where people can live and work at the same time. Subsequently, Atlanta suburbs real estate is growing quicker than the downtown Atlanta where many buildings are old. Real estate growth has shifted to the upcoming Atlanta suburbs at the expense of the main city of Atlanta.

  1. Debt Capital market retrenchment 

It is worth noting that lending is slowing in Atlanta. This is because regulators in the region are instructing banks to slow down commercial real estate lending. Consequently, very few investors are willing to invest in commercial real estate in Atlanta, resulting in less new homes being constructed.

property management companies in atlanta

  1. Demographic shifts 

In Atlanta millennials are waiting later to get married, settle down and have kids. As a result, the majority of millennials in Atlanta prefer sharing houses or staying with their parents instead of buying their own homes or renting apartments. Millennials, who are unwilling to buy their own houses or even rent apartments, are gradually surpassing boomers in the workforce. This has reduced the number of people looking for houses to buy or rent in Atlanta because baby boomers and millennials are now competing for the same housing.

  1. Unstable Energy costs 

Unstable energy costs is a big problem for some tenants in Atlanta. Although energy costs come as a boon to property owners, especially in energy driven economies, many tenants prefer renting or buying homes in areas outside Atlanta where energy costs are relatively low and stable.

  1. Housing affordability and credit restraints 

According to Rent Appeal, an Atlanta property manager, home ownership and rentals affordability in developed areas of Atlanta is a big challenge to many people. Consequently, many people in Atlanta prefer renting or buying a home in developing areas and out-of-town areas where houses are affordable. Additionally, many people prefer living in “micro apartments” where rent is affordable instead of renting in posh estates of Atlanta where rent has become too expensive. Majority of the millennials in Atlanta prefer to live in tiny units and pay less instead of expensive luxury homes.

  1. The prevailing political environment 

community in atlanta

Instability in politics is another factor that has caused Atlanta real estate growth to stagnate. Bad politics result in poor governance and this has discouraged real estate investors to build more houses in Atlanta. Unstable politics has delayed development and construction of important infrastructures such as good roads, bridges, drainage systems among other structure that add value to real estate.

  1. Struggling middle class

The gap between the rich and poor has affected the real estate market in Atlanta and the entire Georgia state because many people are struggling to make ends meet. As a result, some people prefer renting instead of buying homes. Some tenants have moved to smaller apartments in developing suburbs where housing is affordable. In other words, the millennial population in Atlanta does not have a strong purchasing power like their predecessors.

  1. The growth of the sharing/virtual economy 

Majority of the people in Atlanta have developed a habit of sharing in order to cut costs. In Atlanta, people share cars, business spaces and even residential houses to cut costs. This has reduced demand for rental houses in the Atlanta, regardless of high population. Instead, the move has resulted to densely populated areas and strained social amenities.