Rentals, not resells, hot new trend for Atlanta real estate - Fox 2 News Headlines

Rentals, not resells, hot new trend for Atlanta real estate

Posted: Updated:
ATLANTA -

A Connecticut company is raising $100 million to buy up single-family homes in Atlanta. Their goal is not to resell the homes, but to turn them into rental properties.

Business deals like this are part of an ongoing real estate trend in metro Atlanta, making the city a hot spot for rental homes.

Philip Earley, of Platinum Property Management Services, said, "The community is great in Atlanta. People are always coming and going, and so the rental market is always strong. When the market is hot or down, the rental market is always very steady."

It's Atlanta. Businesses are coming and going – and, so are the people. More and more it seems like fewer and fewer of your neighbors and co-workers are from Atlanta.

Homes that look like this are not only crisp, clean and priced right; but, they will rent within 10-14 days. If we don't have at least three participants on it within the first week of marketing, then we're going to talk to the homeowner about price and condition.

Because renters are requiring more, the homes available in the marketplace are much nicer than in decades past.

"At the end of the day, any home that's priced right and shows nicely, will rent quickly."

The not-so-hot areas are communities furthest from Atlanta, like Dallas, Dacula and Dahlonega – where the commute to work especially is gets very, very long.

Any rentals inside of the perimeter are snatched up within days.

"We like to call it hotel-room condition. If it feels like a hotel room when you walk in, it's ready to rent."

If you don't do the screening, then all bets are off once that person moves in. If you don't know who they are before you give them the key, then you're going to find out real fast after they move into our property.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • SKYFOX Traffic

    Tips for navigating around Georgia Dome traffic

    Tips for navigating around Georgia Dome traffic

    Thursday, August 21 2014 9:16 AM EDT2014-08-21 13:16:27 GMT
    For the next three years, if you plan to be anywhere near the Georgia Dome, expect delays and plan ahead. That's the word from officials as we head into fall, the Dome's busiest time of the year.
    For the next three years, if you plan to be anywhere near the Georgia Dome, expect delays and plan ahead. That's the word from officials as we head into fall, the Dome's busiest time of the year.
  • Good Day Atlanta Extra

    Paula Deen: 'I'm happier, more solid, I'm smarter'

    Paula Deen: 'I'm happier, more solid, I'm smarter'

    Wednesday, August 20 2014 11:14 AM EDT2014-08-20 15:14:12 GMT
    Celebrity chef Paula Deen says she is 'happier and smarter' after a controversial year in the spotlight. Deen joined Good Day's Paul Milliken to candidly discuss the lessons she's learned, and her hopes for the future.
    Celebrity chef Paula Deen says she is 'happier and smarter' after a controversial year in the spotlight. Deen joined Good Day's Paul Milliken to candidly discuss the lessons she's learned, and her hopes for the future.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices