Investment Property Manager in Ridgewood Heights Atlanta Georgia

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If you are a real estate investor in Ridgewood Heights Atlanta Georgia searching for an affordable property management company give us a call…

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You can be looking for Property Managers near Fort Collins, CO or Property Management Company in Beaverton, OR the consensus are that you should take a look RentVestPM.Con. With more than thirty thousand tenants and over than 3,000 real estate investors in our porfolio across six states RentVest Property Management is professional investment property manager in Ridgewood Heights Atlanta Georgia… that has you covered. Don’t matter if you have one rental property or twelve if have dealt a property manager in the past you may know by now that not every investment property manager is the same.

Advantages Of Hiring A Good Investment Property Manager in Ridgewood Heights Atlanta Georgia

Should you be somebody who is presently investing in or thinking about purchasing property, you have made the best decision. But, property management can be a permanent job. It is certainly not a hands-off investment. That is unless you use a property manager. Soon, we will be discussing some of the benefits of hiring an investment property management company for your investment property in Ridgewood Heights Atlanta Georgia.

  1. Time Saver: Probably the greatest benefit earned from employing a property manager to deal with your investment property involves the amount of time which you will end up saving. As you know, managing rental property can be a a full time assignment. In the end, you will be liable for finding tenants, rent collection, and also landlord duties. As an alternative to having to worry about this, you can simply sub-contract the management of your rental to a skilled property manager in Ridgewood Heights Atlanta Georgia to clear up the time you could spend doing other things.
  1. Make use of Their Experience: One other benefit available from working with a property manager for your investment property is the ability to leverage their experience. By hiring a property management company in Ridgewood Heights Atlanta Georgia which is local in your investment property, you should certainly get tailored and expert consultancy to produce your home much more appealing to renters. In addition to this, they will be able to more effectively promote your property within the local area which may make your property bringing in your money-flow.
  2. Screening for Tenants: Final best benefit that comes with hiring a seasoned manager for your personal property is being able to hire someone who has exposure to looking for tenants. This is especially true should you be looking to obtain long term renters. You need to effectively assess your potential tenants to ensure that you are able to hire a boarder who is not going to leave your premises destroyed and they will be able to make timely payments. Having a skilled manager handle this for you personally can really help reduce the risk related to your rental property.

In the long run, hiring an experienced property manager to your investment property can be a great way to make your investment a far less hands-on investment that may clear up time as well as save you the stress of day-to-day management functions. At the end of the day it is key to ask all the right questions during the hiring process. But it is even better, if you have done your research before the meeting. If you have additional questions, please, visit our blog. There you will find blogs addressing topics like property management tools and benefits associated with hiring a good investment property manager in Ridgewood Heights Atlanta Georgia, but even better give us a call…

Article of Interest to Those looking for Property Management Company in Ridgewood Heights Atlanta Georgia

Tips for First Time Renters Navigating a Crowded Rental Market

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First-time renters navigating a crowded rental market have the best chances of finding a suitable apartment within their budget when they prepare themselves for the journey ahead of time.

In 2018, renters became the majority population in 22 major U.S. cities, and Rentership growth outpaced home ownership in 97 of 100 large cities according to the U.S. Census Bureau. To first-time renters, the competition could not be fiercer.

Having no rental history does not preclude one’s chances of securing a place, but the goal is to secure the right apartment. Do your homework before you begin viewing apartments so you’re armed with all the pertinent information both you and potential landlords will need to make a decision on your tenancy.

Start with your monthly income. Factor in savings, debt, and recurring bills. The rule of thumb is to earmark 28 to 35 percent on your income for rent.

First, estimate what your monthly income will be, and factor in savings, debt and recurring bills. Financial experts will often cite that around 28% to 35% of income can go to rent. Take advantage of online rent affordability calculators like this one from Zillow to help you establish a budget estimate.

Next, begin looking for rentals within your budget using vetted sources such as websites that cater to rental searchers such as Zillow.com, Rent.com, and StreetEasy.com.

Be aware that broker’ fees may be involved, something that often takes first-time renters by surprise. Occasionally the landlords will pay the broker’s fee, but in competitive rental markets like New York, Boston, and San Francisco, apartment seekers should consider them an expected cost for which they will be responsible.

The broker’s fee is based on a percentage of the apartment’s one-year lease—typically around one month’s rent. The price of a broker’s fee could be money well spent since working with a reputable broker will enable you to view multiple legitimate properties at once. Scam rental listings are a real threat to first-time renters. A 2016 New York University study identified as many as 29,000 fake Craigslist rental listings in 20 major cities over a five-month period, which is why enlisting a broker may be a good investment.

It’s possible to negotiate down a broker’s fee as well. During slow-moving seasons such as winter, demand for broker’s services drop and they may be more willing to haggle when business is slack. Since a broker’s fee can be as much as one month’s rent, make sure to budget in that extra cost when determining your total up-front costs to move into an apartment.

Landlords will request a credit application to verify your income and financial status. Young college graduates carrying student loan debt and with little work experience under their belts may be required to have a parent or guardian co-sign the lease if the landlord or property manager is concerned that the prospective tenant may be a financial risk.  Don’t be surprised if you’re asked to pay a fee for a background check, something many landlords require.

While not every situation is the same, generally a new tenant is required to pay the first and last month’s rent upfront, plus a security deposit that may be another month’s rent at the time of the lease signing.

Once you’ve found an apartment and you’re preparing to move in, take photos of the empty space and document any damage you find. Ask the property manager or landlord to accompany you through the unit and have them initial any photographs of damage you take. If you have roommates, make sure they included on the lease and review the lease’s policy on subletting. Keep all your rental documents and photos in a safe, accessible place.

Ask the property manager or landlord about renter’s insurance and clarify what is and is not covered by the property owner’s insurance. The property owner’s insurance will most likely not cover your personal belongings if they are lost or stolen, and any damage to the apartment caused by your negligence—say you forgot the bathtub was running and it overflowed and leaks into the apartment below yours, you will be responsible for all damage repairs. This is why it’s a good idea to look into getting a renter’s insurance policy.