|Specialty||# of Agencies|
|Single House or Condo||20|
|Home Owners Association||9|
|Total Local Companies||35|
The average rent for a 3 bedroom house in Atlanta, GA is $1,263.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Atlanta, GA Rental Market Overview
Job Growth and Expansion Fuel Investor Optimism in Atlanta
Expanded employment positions related to a new State Farm Insurance call center and an outlet shopping center dropped Atlanta's vacancy rate for the fifth consecutive year according the Marcus & Millichap 2013 National Apartment Report (NAR). The 2013 NAR ranked the metro area up two places to 35 out of 44 in their listing of top rental markets in America. While the job report numbers and construction data are significantly smaller than top-rated markets like San Jose or New York City, Marcus & Millichap predicts that the positive uptick will strengthen Atlanta's market conditions and attract institutional buyers. If this performance pattern remains consistent with the trend already established in other growing markets, it's likely that Atlanta buyers will purchase more Class B properties near major employers and activity from out-of-state investors will stimulate sales throughout the Atlanta region.
More than 18,000 New Apartment Units in Pipeline
The 2013 NAR charted more than 2,600 newly completed apartment units in the Atlanta metropolitan area, but more than 18,000 remain planned in the near future.Â While vacancy rates dropped below 6%, small landlords may want to consider improvements or renovations to keep pace with the amenities provided in these new rental units. The reality is that few independent investors have resources on hand to compete with larger property development companies. That's why a number of savvy landlords partner with local property management companies. Most Atlanta property management companies staff real estate professionals who understand the implications of growth in the market. They can help their clients adapt to changing conditions and optimize their rental operations. While property management services vary from company to company, most property managers provide assistance with marketing, maintenance, staging, renovations and tenant screenings. Take a moment to review the Atlanta property management company profiles on this page and then request your free information today.