Midtown Atlanta Condos For Rent Archives

Midtown Atlanta Condos For Rent Why Can’t I Find One?

May 21, 2011 by Thom Abbott

Perhaps its a sign of the real estate times. My phone rings daily. But not for someone looking to buy or sell.

They are looking to rent.

There are Midtown Atlanta Condos For Rent but Why Can’t I Find One?

Well, there is this thing called supply and demand, followed by price. And location.

I’m getting calls from people wanting to rent in the “premiere” buildings of Midtown Atlanta Condo Rentals. This usually means Viewpoint Midtown, Spire Midtown, Metropolis Midtown, Plaza Midtown, Mayfair Renaissance and 1010 Midtown. For those of you that don’t live in the Atlanta area, everyone of these buildings is on Peachtree Street, except for Plaza Midtown which is two blocks West on West Peachtree, and Mayfair Renaissance which is two blocks East on 14th Street.

I often sense frustration from potential tenants when I tell them what’s available in their price range. In fact, I think they don’t really believe me. If you work with me, I call ’em like I see ’em. Straight talk. So, let me give you and example of Midtown Atlanta Condos For Rent and Why I Can’t Find One.

Below, you have the names of the buildings on the left and the addresses on the right (off by a line) Take a close look at this list. (For Midtown, I searched by zip codes 30308 and 30309 which extend outside of Midtown Atlanta proper, and searched Midtown Atlanta Condos For Rent with a price range of $1000-$1400 per month rent.)

So, do you notice any of the names of buildings I mentioned above? Or Peachtree Street addresses? Well, you do see ONE listing for Plaza Midtown; 400 NW Peachtree Street is actually Downtown, and 1280 West is actually located on WEST Peachtree Street. Starting to see my challenge in finding you that Midtown Atlanta Condo For Rent?

So, lets change our monthly rent. Same zip code search, but now let’s look for Midtown Atlanta Condos For Rent at $1400 -$2000 per month.

NOW, we start to see the buildings you are looking for. Viewpoint, Mayfair Renaissance and Plaza Midtown. But even with the increased monthly rent, you only see Viewpoint twice, and Plaza Midtown once. No listings for Spire, Metropolis or 1010 Midtown! And the lowest priced home at Viewpoint is $1650 per month.

So the next time you call me and ask about Midtown Atlanta Condos For Rent and Why Can’t I Find YOU One you can have an idea of the market place for Midtown Atlanta Condo Rentals!

View Midtown Atlanta Condos For Rent $1000-$1400

View Midtown Atlanta Condos For Rent $1400-$2000

If you are the owner of a Midtown Atlanta Condo with HOA Approved leasing permit and would like to talk to us about marketing your home for you, please contact me!

Midtown Atlanta Condos For Rent

April 11, 2011 by Thom Abbott

As a real estate broker that focuses on the Midtown Atlanta condominium market, I am often contacted about Midtown Atlanta Condos For Rent. Or lack thereof. Or not in the building I want. So, what exactly is involved in renting a Midtown Atlanta Condo?

First off, it’s important to understand that a condominium building (or as we like to refer to them as communities) is NOT an apartment building. A condominium is a form of real property where a specified part of a piece of real estate (usually the part you actually occupy) is individually owned while use of and access to common facilities in the building such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. In short, we call that “common elements” or “limited common elements.”

In an apartment building, a tenant pays rent to some corporate entity that owns the entire building and all its components like hallways, pool and more.That said, in cities like New York City, most rentals are referred to as apartments even though they may be in a condo or co-op form of ownership.

Mayfair Renaissance Tower RZ So when you are searching for a Midtown Atlanta Condo For Rent, you are looking for an individual owner that is willing to rent you their HOME, which comes with some pretty nice amenities. (usually) It is also important for you to know that almost all condominium buildings have a restriction or “cap” on how many of the homes can be rented at any given time. As a result, when we receive a call that a potential tenant wants to live only in Spire Midtown or Viewpoint Midtown, we may not be able to assist them. It’s not like calling up the leasing office of the apartment complex and checking if they have an apartment available. If there are no homes available, we do not have anything to show you.

Also, when searching for your Midtown Atlanta Condo For Rent, you want to make sure that the home is an approved rental. What does that mean? The owner has approval from the HOA Board to lease their home legally. If you happen to lease directly from an owner and they do not have this approval, you could be evicted from the unit if the homeowner is discovered to be in violation of the building leasing policy. You should always ask to see a copy of their leasing permit.

When renting a Midtown Atlanta Condo, most of the time your landlord is paying the monthly HOA fees that cover the above mentioned use of the “common elements” or areas like the elevator, pool and fitness center. Should your owner suddenly stop paying these fees, you could find yourself standing in the lobby, locked out of the very place you are renting! Scary thought? It might be wise of you to check with the property manager of the building you are living in (or considering) if the owner is current with their payment of these fees.

When I work with you in finding a condo to rent, I assist you in checking all these items and obtaining the necessary information for you. Additionally, if I am representing a homeowner in the rental of their condominium, I make sure I have all these documents for a prospective tenant.

If you are looking for Midtown Atlanta Condos For Rent, rather than call 10 or 15 agents to see 10 or 15 condos, you can call just one, who can show you what’s on the market. Now, as a disclaimer, if something is for rent and is listed only with the owner, I may not be able to show you that particular home as the owner is not willing to pay anyone to assist them in renting their place. Again, Buyer (or Tenant) Beware!

If I can help you with your search for a Midtown Atlanta Condo For Rent, please contact me!

If I can help you LEASE your Midtown Atlanta Condo, I’d be happy to discuss our Marketing with you!