Call 678-825-0500 or 877-381-3800

Excalibur Home Management Blog

Winning with Winter Rentals

Chris Ledermeier - Monday, January 29, 2018


Winning with Winter Rentals – Why Renting in the Winter Makes Sense

So far Atlanta’s winter has not been forgiving. With below freezing temperatures dominating our January forecast, you may think tenants are focusing more on staying warm than they are on leasing new properties.  Excalibur’s numbers tell a very different story.

We’re only half way through January and our tenant placement has increased by over 50% compared to this same time last year. That’s more tenants placed, less properties vacant, and quicker return on our clients’ investments. Why then is the Metro-Atlanta rental market so hot during such a cold season? We’re going to let you in on a few of those industry secrets:


MOTIVATED APPLICANTS

Renters that are looking to move during the winter months are typically doing so because their situation requires it. Whether it’s work related, the result of selling their home and waiting to buy until after the market shifts, or any number of other reasons, those that are applying tend to be motivated by circumstance rather than simply shopping around for something better than what they already have. This often weeds out those applicants not invested in the property or the process which means you don’t risk wasting time with an applicant who’s merely looking for a “good deal.”


LOCK IN A LONGER LEASE

Despite winter being a great time to lease a property from the landlord’s perspective, it’s not necessarily the best time to move from the tenant’s perspective. This gives you the opportunity of locking in a 16-18 month lease, guaranteeing the tenant the opportunity to either move or renew in the Spring, while guaranteeing you, the homeowner, additional months without vacancy.


LESS COMPETITION

When our clients ask us to do a comparative market analysis on their home, our Realtors are trained not to just look at past sales, but to look at current competition to ensure our pricing is strategic when your home hits the market. During the winter months, the pool in which you are competing is much smaller, meaning your home won’t get lost in a flood of summer listings. Because of that, you have the opportunity to yield a higher market price as supply is low while demand remains high.


UPGRADING? BUY NOW!

You’ve probably heard over and over again, “It’s a seller’s market! There’s no inventory! Sell!” and that’s true…up to a certain price point. 2017 statistics provided by the First Multiple Listing Service (FMLS) indicate that the Metro-Atlanta market transitions from a Seller’s market to a Buyer’s market at the $475,000 price point. This means that if you’re looking to upgrade to a price above $475k, you’ll have more options, and you’ll have more control in the negotiation process. When you decide to upgrade, consider holding on to your investment. Rather than selling, earn passive income through the leasing of your property. Watch while property values in Atlanta’s diminishing “affordable” housing market continue to rise rather than regretting that you sold it when you did. 

Discover more tips and keep up to date by following us on Facebook!
Are you more of a hashtag type of person? Follow us on Instagram!



Trackback Link
http://www.excalhomes.com/BlogRetrieve.aspx?BlogID=13302&PostID=1519646&A=Trackback
Trackbacks
Post has no trackbacks.

Subscribe to Blog

Enter your email address:


Recent Posts


Archive


Categories



Tags

termite season qualify tenant common landlord question move in inspection NARPM rent sanitation law Cherokee County Rental Statistics homeowner's insurance termite treatment Georgia Cumming Property Management company atlanta rental statistics rental house statistics lease a home Atlanta rental market investing in your home atlanta property manager 2014 Atlanta rental statistics HVAC repair atl landlord real estate tips atlanta investor market foreclosure homeowner an Atlanta property management company, prime real estate, investors market, foreclosure properties, auction properties 1099 forms R-22 freon security deposit rent a home owner home maintenance property management real estate investment rental statistics credit report investment preventative maintenance metro atlanta rents tax deductions swarm season Rental home statistics 2013 rental statistics rental household statistics 2012 care and maintenance curb appeal EPA investor statistics Georgia Property Management Company foreclosure August 2011 rental property taxes R-22 Recipe lead based paint fair housing law atlanta rental home termite inspection Cobb County Rental Statistics landlord tenant law rental rates in Atlanta home investment Homeowner Tip rental HAMP portal 2013 Atlanta rental statistics landlord statistics metro atlanta rental stats Vacancy Rates in Atlanta community management wear and tear Georgia Law Requires Disclosure of Landlord loan HOA management rental housing fair housing new ordinance cash reserve REMAX Greater Atlanta rental home advertising tenant Fair Housing Act of 1968 investment property bed bugs residential septic tank Fair Credit Reporting Act winter holidays Gwinnett County Tenant Tip loan modification Fulton County Rental Statistics investor 2012 rental statistics hot topics delinquency rates maintenance leasing real estate rental homes Property Maintenance ordinance lawn maintenance Excalibur Home Management disability service animal drainage field an Atlanta property management company marketing Georgia investor R-410A association management eviction verify rent tenant application process Gwinnett County Rental Statistics law rental household statistics metro atlanta rental statistics rental house landlord insurance policy maintenance tips

Excalibur Homes
2855 Marconi Dr, Suite 310
Alpharetta GA 30005
Toll Free:(877) 381-3800
Telephone:(678) 825-0500
Fax:(678) 825-1401