The city of Atlanta is showing promising signs of economic expansion. Tech companies are expanding their workforces, and each year, an increasing number of people decide to make Atlanta their permanent home. What will be the effect on investment properties in Atlanta? Demand has increased across the board for rental properties, which is excellent news for investors. But how exactly can you ensure the successful management of your Atlanta investment properties?
Let’s look at the five most important things you need to know about property management in Atlanta.
Tenant Vetting and Screening
Your tenants are the only thing that genuinely matters regarding your business’s bottom line. Tenants that take good care of your property, are prompt with their rent payments, and remain for extended periods are among the most desirable. If you choose the incorrect tenants, you could end yourself with enormous repair fees and the hassle of having to remove them.
It would be unwise to follow your instincts at this point. You are going to need to carry out extensive research. Investigate their credit reports and conduct background investigations, including determining whether or not they have a criminal history. This entire process takes time, but it is an investment that will pay off in the long run.
Maintaining the property should be your top priority
It is impossible to place enough emphasis on the need for preventative maintenance. One of the reasons why people love living in Atlanta is because of the beautiful weather that Georgia has to offer. However, prolonged exposure to sunlight can be damaging to property. At least once every six months, you should comprehensively inspect your property.
Take care of the minor repairs before they snowball into the major ones. Keep an eye out for any symptoms of pests and take action as soon as you discover them.
Consider All Your Options Before Deciding to Let Pets In
It can appear to be an obvious fact that having pets means having more work. There is some validity to the claims made in such an assertion. But, if you do not permit pets, you will immediately exclude many potential tenants. And potential tenants who have pets can be very desirable!
One of the reasons behind this is that people who have pets tend to stay for longer. Because it is more difficult for them to locate rental housing, they typically remain. In addition, most people who own pets are conscientious and will prevent their animals from causing significant harm.
Have a conversation with the local property managers to find out if permitting dogs is an excellent decision to make in the Atlanta market.
Get Familiar With the Georgia Landlord-Tenant Law
Different states have different laws governing landlords and tenants. You must have a comprehensive understanding of both the rights and obligations that come with being a landlord in Georgia. Nobody wants their real estate investments to be hampered by drawn-out legal battles that are both expensive and time-consuming. If you familiarise yourself with Georgia landlord-tenant law, you won’t have any problems.
Collaborate with a property management company based in Atlanta
Managing property properties in Atlanta may be an enriching experience. There is a significant amount of labor required. Working with a property management firm in Atlanta is an option that eliminates worry.
They handle advertising, tenant screening and selection, rent collecting, and maintenance scheduling and coordination. They act as a buffer between you and the renter, providing you with peace of mind. Allow them to alleviate the stress associated with real estate investing.
Get the Most Out of Your Investment Properties in the Atlanta Area
The secret to one’s success is effective property management. When you have all of these things in place, there is no reason why the Atlanta investment homes you own shouldn’t bring in substantial profits.
If you want to discover the greatest tenants, working with specialist property managers is a good idea. They will preserve your property in excellent condition and guarantee that you comply with all your legal duties.
Our experienced Atlanta staff here at Tameka Manns Realty Group is eager to assist you in achieving the highest possible returns on any Atlanta real estate investments you make.