Property Management Companies Atkins Park Atlanta Georgia

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Are you a property owner in or near Atkins Park Atlanta Georgia? Ask yourself, do you know what your current property management company is going to charge you next month?

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If you are searching for a flat fee investment property management firm in Atkins Park Atlanta Georgia RentVest welcome you! As of late the number of property management companies in Atkins Park Atlanta Georgia has bloom

What do property managers in Atkins Park Atlanta Georgia do? Are you aware what Property Managers do? The reality is they fulfill many duties, with the primary one being rent collection. rent collection is a strenuous task for most propery owners. The greater number of tenants they may have to manage, the greater the task it is to stay on top of rent collection, however property managers take care of the entire rent collection process.

In addition they manage maintenance issues. By way of example, they can send a repair person to do regular repairs or provide upkeep services when they are asked for. All you have to do is agree to payments or pre-approve payments in advance, this way the property manager will not need to call you each time fixes is needed.

Locating prospective tenants who can pay their rent promptly is an additional thing property managers do. They are able to run credit checks, take interviews and conduct a indept security check. They are aware of things to look for in terms of choosing renters.

Bookkeeping is generally included in the services offered by property managers. They are able to maintain correct records, which prove useful when the time comes to file taxes. Bookkeeping is not a fun task, but it has to be done and it must to be done correctly, which is the major reasons landlords propably hire property managers.

Employing a Property Management Company in Atkins Park Atlanta Georgia!

Getting a property management person will set you back money, however it can help you save a lot of time. For those who have homes that you own and rent out to clients, be they commercial or residential, then there are many things to take care of. If it’s only 1 or 2 units, maybe you might remain abreast of all this, but if you have more than a couple, things might get complicated rather quickly, and having a property manager could turn into a permanent job, which can be what you had been attempting to evade or currently have.

A rental property management company stands between you and the renters, dealing with talks with renters, repair requests, yard work, and in many cases finding and kicking out tenants when required. In exchange, the rental property management company receives a share of the rent for themselves, before filtering the balance to the owner account.

As a property owner, your profit margin decreases, but your schedule is totally free. Additionally, good property management firms are well worth the money considering how they may remove horrid renters that set you back money, keep your properties in great condition, and find stable renters that lower your vacancy rates and give you reliable and steady rental income.

RentVest Property Management rapid expansion as taking many other property management companies in Atkins Park Atlanta Georgia by surprise. The truth is that Atkins Park Atlanta Georgia property owners had been searching for a reliable property management firm in Atkins Park Atlanta Georgia for quite a while but it looks like that no one was listening. RentVestPM.Com is the firm of chores for many investment property owners throughout Atkins Park Atlanta Georgia and we would like the opportunity to show you what makes us different. If you would like additional information on the services we offer at RentVest PM please visit our property management near me blog!

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Property Management Rentals Outpaces Home Buying in the U.S. – Here’s why

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Property management rentals, the American dream, right? Well, possibly.

It may have been up until about a decade ago when millions of U.S. homeowners lost their homes to foreclosure in the 2008 housing bubble collapse and subsequent recession. The trauma so many Americans experienced still haunts most people who were impacted, crushing the generations-old mindset that buying a home made good financial sense.

Even though the recession is rear view mirror stuff in 2018 and foreclosures and underwater mortgages have recovered in most markets, home seekers across generations are opting for rental housing in numbers that, for the first time in modern memory, has the rental market outpacing single-family home purchases according to the Urban Institute. At the top of the rental housing, demand list are town homes and single-family rentals, which account for 35 percent of the country’s 44 million rental units—up 4 percent since 2006.

Crunching the Numbers:

The housing crisis is not solely to blame for the decline in demand for home buying.

While most Americans once considered home ownership the most economically sensible long-term investment choice, today purchasing a home is considered by many to be financially imprudent.

The idea of spending years paying thousands in interest on a mortgage simply doesn’t make sense, financially. The myth of home ownership as an investment is just that; a myth. Most homeowners never gain the full tax benefits nor see enough appreciation to rank their home in the category of beneficial investment, although a home’s location can make a difference in the buy or rent judgment call.

The rising preference for rentals is led by Millennials, followed by Baby Boomers who are retiring at a rate of 10,000 per day. After leaving the workplace and learning to pare down to manage on a fixed income, boomers are happy to shed the family homes they purchased back in the 1970s and 1980s and downsize not only their living spaces but the expense and responsibilities that go with owning and maintaining a house.

Building Wealth and Financial Security Outside of Homeownership:

For a growing number of people looking to make the best financial decision when it comes down to deciding between buying or renting a home, logic dictates that it’s simply a matter of doing the math. Between 1946 and 2008, a majority of Americans presumed that home ownership was the number one investment goal to which everyone should aspire.

It was taken for granted that buying a home was an investment in the buyer’s future, the crown jewel in a nest egg that made retirement the life achievement reward for 40-50 years spent in the workforce. During the years and decades spent maintaining the home, raising a family, and holding down jobs to keep it all running, homeowners enjoyed their peace knowing that their real estate investment was building equity that would one day provide them with an income stream in retirement.

However, it would take years for the homeowner’s mortgage payments to begin chipping away at the principal owed. Mortgage payments paid down the interest balance first.  Renting, on the other hand, made no sense from a financial security perspective since the landlord was the one building a nest egg on monthly rental payments. Most Americans bought into the presumption that home ownership was vital to establishing long-term financial security, motivating millions acting on blind faith to do whatever it took–scrimping saving, working 2-3 jobs in order to buy a home. Today, instead of a home purchase many people see better long-term investment opportunities in sponsored retirement and health savings programs, 529 college savings programs, IRAs, and other lower-risk investment vehicles for building wealth and financial security.

While renters miss out on the benefits of the tax write-offs on mortgage interest, they’re often still ahead. Median income homeowners in 75 percent of major U.S. cities receive no federal tax benefits, nor will they see any meaningful appreciation in their home’s value, even decades after its purchase. Roughly 40 million households (more than half of current homeowners) purchased homes during time periods in which they would have been better off renting and investing their money elsewhere.

Buy-or-rent a Calculator:

To decide whether renting or buying a home is more beneficial for your family, a buy-or-rent calculator available free online can help clarify any uncertainty. The buy-or-rent formula is calculated as the ratio of home prices to annual rental rates in a specific market. For example, in a real estate market where average home values are $200,000, and rentals are available for $1,000 per month, the calculator uses the formula $200,000 ÷ (12 x $1,000) and determines the price-rent ratio to be 16.67.

Bottom line, If the rent-to-price ratio is 5 percent or less, you may be better off renting and investing the money you would have spent on a house in other investment vehicles that carry better long-term returns and are less susceptible to market volatility.

Another consideration that would-be home buyers should take into account are the added expenses that go with ownership. You’re looking at maintenance (roofs and furnaces wear out and need replacing, interior and exterior spaces need repairs and upkeep). Property taxes should be a major consideration as well. Communities that attract young families do so by investing in and building upon top-notch schools, fire stations, public spaces such as libraries, and other desirable perks paid for by property taxes that are likely going to rise steadily over the years.

Weighing the Financial Implications of Buying Versus Investing in Property Management Rentals:

When weighing the financial implications  of buying a home versus renting, keep in mind that there is a seemingly unlimited selection of housing options in the rental market; today’s rental homes often come fitted with smart technology, interiors sized and designed to fit every need, round-the-clock security if safety is a concern, and no financial anchor limiting your options. Renters can up and move as often as they wish (provided they abide by the terms of their lease) to find more suitable digs for a growing family, relocate if their job dictates, or just because the mood for a change strikes.

RentVest Property Management offers help with your property management rentals throughout the U.S. To learn more about our full-service property management benefits, give us a call today.

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