Wednesday, June 4, 2008

Rental Properties in Atlanta

The rental market in Atlanta is hot hot hot
right now due to a few factors.
1) Seasonality: College students return home
to do begin washing 8 months of laundry, and
release their off-campus leases.
2) Mortgages are hard to squeeze into, especially
for first time home buyers. They are choosing
to rent for another year or two, which helps some
sellers that are willing to rent rather than sell.
3) The inventory of newly renovated houses and
brand-new condos purchased by investors is
vast and varied; more selection of temporary
housing exists now than several years ago.
4) Atlanta has a history of being a place for
starter careers, and while new corporate hires
are happy about benefits and an office, they are
unwilling to commit to purchasing a home, in
the event that a better job offer comes along soon.
5) Drive time for commuters may warrant a small,
temporary ITP (inside the perimeter) address for
three days a week, while the primary home may
be farther out in Dahlonega or Macon.