Property management Atlanta is a very profitable business if you have what it takes to beat the existing competition. You need to be very smart and hardworking for you to make good money as a property manager in Atlanta, especially in the central business areas and other developed neighborhoods. However, if you are an aspiring property manager planning to venture into Atlanta, you can still make good money by targeting the upcoming neighborhoods where competition is not very high. Remember that other property management firms have already taken most of the in-town and it may be difficult for a new property manager to get real estate clients in developed neighborhoods. After all, there are no new properties being constructed in the already developed areas. According to Rent Appeal new properties are being constructed in the suburbs of Atlanta and getting real estate investors to entrust you with their property is a bit easier. The following are some of the upcoming neighborhoods in Atlanta that new property managers can exploit to grow their portfolio.
Pittsburgh is one of the fastest developing Atlanta neighborhoods where those aspiring to venture into property management should direct their efforts. Most of the real estate investors in the area are looking eastwards towards Pittsburgh and other areas neighboring Adair Park. Pittsburgh is accessible from the Metropolitan Avenue and it is within a walking distance to various MARTA stations. Although the areas bordering Pittsburgh have experienced a rapid revival in the recent past, Pittsburgh is yet to be fully developed and many real estate investors are attracted to affordable properties in the region. It is also worth noting that Pittsburgh is located close to other upcoming Atlanta neighborhoods such as Grant Park, Adair Park, and West End. Recent studies show that although Pittsburgh had some security issues in the past, the area is growing very rapidly and can be a good place for real estate related businesses.
2. West End
West End is a historic area located south of Atlanta. West End is one of the most popular areas in Atlanta and a home to some of the well-known individuals in the region, such as author Joel Chandler Harris and others. West End real estate declined in the 1970s, but the market is now catching up with the rest of Atlanta. It has attracted many renters due to the availability of affordable houses and more real estate investors are now willing to acquire property there. The city of Atlanta has spent a lot of money to revive West End and the real estate market is now on the right track. There is no doubt that West End is among the areas that new property managers in Atlanta should target. There are a lot of potentials to pick up quality properties here due to lower competition and constant development.
3. Adair Park
Adair Park is located in the southwest of Atlanta and borders West End in the east. This is one of the most charming developing areas in Atlanta occupied with mostly single-family bungalows. Adair Park real estate declined in the 1950s and 1960s, but it is now experiencing rapid revival and the real estate market is gradually catching up with the rest of Atlanta. Some of the key factors that have contributed to the recent growth of real estate in Adair Park include its position as a Beltline community and its low cost of living. Adair Park started to grow after the opening of the Eastside Beltline Trail that made it easy to access popular places such as Inman Park, Cabbagetown, and Midtown among others.
4. Capitol View Manor
Capitol View Manor is a developing neighborhood in Atlanta; most of the homes in this area were built between the early 1920s and mid-1940s. The majority of the properties in Capital View Manor are bungalows, Victorian homes, and colonials. Real estate property in Capitol View Manor is relatively affordable and many investors are buying properties there. The majority of the people buying properties in the Capitol View Manor area are real estate investors buying homes to rent out. The cost of living is affordable and many families prefer to rent homes there instead of in-town apartments. It is worth noting that although there are very few new houses being constructed in Capital View Manor, rented properties are on the rise, making the region a good starting point for new property managers in Atlanta.
Hopefully these 4 areas help you in your search for finding properties to manage. If you have any questions don’t be shy to ask me in the contact section!