Atlanta Rental Trends…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.
Of course, in the Intown Atlanta real estate market, this will apply to single family homes, but certainly not condominiums and townhomes. These communities have strict leasing guidelines as part of their covenants, and as such buying them for investments, other than to be owner-occupied is not happening.
I think too, you will see HOA’s in some of these subdivisions work to clamp down on all these rental homes. While not all renters are problems, some don’t feel the need to keep up the yard like the neighbors might like it.
See on www.myfoxatlanta.com