Atlanta has a bustling and competitive real estate market, with plenty of opportunities for investors looking to purchase rental properties. The neighborhoods are diverse, the property types include single-family homes, apartment buildings, condos, and townhouses, and there are some excellent ways to establish yourself as a new investor or to continue growing a portfolio that you know can be worth more.
Investing in rental properties can be a lucrative venture, but it’s important to have the right resources to ensure success. You cannot possibly do everything yourself; even if you feel like you’ve done it all before.
As an Atlanta property management company, we spend a lot of time providing resources to investors, landlords, tenants, and even other industry professionals. We invite you to leverage what we know and to share our experience and knowledge.
Today, for example, we’re exploring some of the best local resources for Atlanta rental property investors. Utilize these tools and resources to ensure you have the best possible – and most profitable – investment experience possible.
Atlanta Landlord Association
Start with local associations and organizations that exist to support you and the work you do. For example, The Atlanta Landlord Association (ALA) can be a great resource. This is a nonprofit organization that provides resources and support to rental property owners and property managers.
The ALA offers a variety of services, including:
- Educational workshops
- Networking events
- Legislative advocacy
Members can also access a range of benefits, such as discounts on rental property management software and other business services. You’ll meet other landlords who can talk with you about who they use as vendors, where they find the best insurance rates, and what kind of investment experiences they’ve had in the past. It’s an excellent way to learn from your peers and to build a network of fellow landlords who experience the same challenges and look for the same successes as you.
National Association of Residential Property Managers
The National Association of Residential Property Managers (NARPM) is a fantastic resource for anyone renting out a home. While it serves primarily professional property managers, NARPM membership also includes vendors and service providers who can supply you with maintenance services, landscaping, pest control, cleaning, technology, accounting services, legal services, and more.
It’s a national organization with a number of educational and networking opportunities, but there’s also a local chapter that would be an excellent way for you to participate in and learn from the property management industry.
Georgia Department of Community Affairs
The Georgia Department of Community Affairs (DCA) is a government agency that provides numerous services to renters and rental property owners. The DCA offers a wide range of programs and resources, including:
- Landlord and tenant guides, which will help you stay compliant with local and state laws
- Information on fair housing requirements
- Assistance with affordable housing initiatives if you’re interested in renting out a home through the Section 8 program or similar programs.
The DCA can also help investors navigate the complex legal and regulatory landscape of rental property ownership in Georgia. This is a great resource if you’re struggling to stay up to date on what’s required of you as a landlord.
Atlanta Housing Authority
The Atlanta Housing Authority (AHA) is a government agency that administers affordable housing programs in the city of Atlanta. As a rental property investor, working with the AHA can be a great way to tap into the affordable housing market and secure reliable tenants. The AHA offers a variety of incentives and programs for landlords, including tax incentives and expedited processing for new rental units.
Follow the AHA for information on changing programs for tenants and other resources that may be available for both you and your residents.
Atlanta Board of Realtors
The Atlanta Board of Realtors (ABR) is a professional organization that represents more than 10,000 real estate professionals in the Atlanta area. The ABR offers a wide range of resources and services for real estate investors, including market reports, networking events, educational programs, and advocacy on important industry issues.
Whether you are a seasoned investor or just getting started in the rental property market, the ABR can be an invaluable resource. If you have your real estate license or you’re thinking about becoming a Realtor as you rent out properties, this is an excellent starting point for your journey.
Work with Atlanta Property Management Companies
Finally, working with a local property management company can be an excellent way to ensure the success of your rental property investment. A property management company can handle all aspects of your rental property operation, from marketing and tenant screening to maintenance and rent collection. This can free up your time and resources to focus on other aspects of your business.
We can also help you make better investment decisions. For example, if you’re thinking about buying a new investment property, we can tell you what kind of rents you might expect, whether any renovations might be necessary before it’s ready for the rental market, and how much you can expect to spend on maintenance throughout a tenancy.
Your property management resource can lead you to other resources, as we’ve demonstrated today. Don’t invest in Atlanta real estate that you intend to rent out without a solid property management partnership.
Investing in rental properties in Atlanta requires a lot of hard work, research, and resources. However, by tapping into some of the local resources we’ve outlined in this blog, you can set yourself up for success. Whether you choose to work with a property management company, join a professional organization like the ABR, or simply take advantage of the resources available from other groups with investment-driven missions, there are countless ways to ensure that your rental property investment is a profitable one.
We’d love to help you. Please contact us at Silas Frazier Realty, LLC. We lease, manage, and maintain investment properties in Atlanta, Snellville, Stone Mountain, Lilburn, Conyers, Smyrna, Marietta, Lithonia, Jonesboro, McDonough, Vinings, Brookhaven, Tucker, and the surrounding areas.
