Category Archives for "Decatur real estate management"
Lease a Classic 3 Bedroom/2 Bath Older Home located in Druid Hills Historic District within walking distance to Emory University.
Features include a spacious Living Room with Fireplace and built-in Bookshelves, large formal Dining Room, cozy Den with French Doors to covered patio; Custom Kitchen with glass-front cabinets, ample pot drawers, stainless steel appliances, pull-out Pantry and Granite Counters.
The property has a main floor Bedroom and Full Bath. The upper level addition includes a Master Bedroom with Sitting Area and French Doors to Deck, Master Bath with Double Sinks, separate Tub and Shower, Walk-in Closet plus additional Bedroom/Office and Full Bath with Washer/Dryer.
Other features include Hardwood Floors throughout, High Ceilings, Screened Porch, Large Lot, Patio, Offstreet Parking with easy turnaround for 2-3 cars.
Contact Atlanta Decatur Homes for availability and further details.
Before you begin marketing your Decatur property for lease, take a critical look at the overall condition of your home. Renters have certain expectations when they are searching for a place and Condition matters!
Here are a few essential preparations that will help attract good, qualified tenants :
If you plan to lease a property in the Emory Area or in Decatur, you should know what may be expected before you complete an application to rent a home.
Finding the right home in the Emory Area where you want to live is an obvious first step, but prospective tenants often have to pass stringent credit and background checks. In popular neighborhoods where rental properties are at a premium, there may be tough competition for a desirable home. It's best to be prepared in advance:
Emory Decatur Property Management always recommends that prospective tenants be thoroughly screened through credit, criminal and prior landlord reference checks.
It's easier to prevent a potential problem from occurring when considering a new tenant than it is to try to evict them later. Because property managers represent investors who trust them to obtain qualified tenants for their properties, extreme care must be utilized during the screening process.
Screening begins with an Application completed by the applicant, giving written permission to obtain a credit report, criminal background, and former landlord reference information. Here are a few good policies to follow when dealing with applicants:
While many applicants look promising on paper, a thorough check might show previous late rent payments, bad credit, eviction proceedings, or criminal activity. It's important to evaluate every aspect of the appliant's ability to pay the rent and to be a viable tenant, without violating any provision of the Fair Housing Act.
In fact, a recent U.S Department of Housing and Urban Development (HUD) guidance policy recommends exercising caution when considering criminal history for prospective applicants. According to a National Association of Realtors (NAR) publication, the guidance suggests "housing providers should create thoughtful policies and practices that are tailored to serve a substantial, legitimate and nondiscrimatory interest of the housing provider, such as resident safety and the protection of property".
Careful review of the prospective tenant's credit, ability to pay, criminal history, and past landlord references should be made in every case.
With appropriate due diligence during the screening process, the ultimate goal will be achieved - a new tenant who pays their rent on time and maintains the property.
What happens if a tenant who owes you money moves out of your Decatur rental property in the dead of night?
You happen to stop by your rental property in Decatur shortly thereafter and discover an unoccupied home. The place is in terrible condition with debris on the floor, dirty dishes in the sink and on the counters, a filthy refrigerator with food inside. Clothes and other items are strewn about. The tenants also left numerous personal property items behind - some of value and some obviously trash. Your tenants have definitely abandoned the premises and are long gone!
After you've calmed down, your first impulse might be to start clearing the property, disposing of items, and cleaning it up for the next tenants.
Before you fill up the trash cans, you may need to consider filing an Eviction Order with the Court to be safe, as there are eviction laws in most states that protect the personal property of tenants, even if it appears they have abandoned their personal property.
Once you have a Court Order giving you back possession of the rental unit, you can lawfully remove the tenant's belongings, according to the Georgia Landlord Tenant Handbook published by the State of Georgia Department of Community Affairs.
If you have questions regarding the legality or eviction process, contact a qualified real estate attorney.
Property managers who have worked with tenants for a number of years have quite a few interesting stories about evicting tenants!
Some Pet owners are finding it difficult to lease a property in Atlanta and in the Emory area because many property owners are reluctant to accept pets.
According to a recent survey by Apartments.com, more than 70% of renters own a pet. In fact, 65% of American households own a pet – 42% owned a cat and 54.4% owned a dog.
Some two-thirds of pet owners have experienced difficult in finding rental property that allowed pets.
If you are an investor with a rental property, one of the frequent questions you will hear is “do you take pets”?
There are horror stories about dogs that destroyed the woodwork or chewed the carpet, but most pets are well-behaved or crated when their owner is away. If the investment property is in a townhome or condo community, you should consider your neighbors, where a barking dog could encourage complaints.
You should also be aware thats Service animals or therapy animals are an exception and you cannot refuse to lease to the owner, or charge a Pet Deposit. The pet owner should provide you with appropriate paperwork, showing that they need the pet for a disability.
The decision to allow pets is a personal one, but here are a few items to consider:
Managing your own Decatur investment property is often difficult, especially if you need time for a demanding full-time job, a busy family life, and want some precious down time.
You may need a little assistance in managing your Emory area investment home or Decatur property – particularly if you have moved away from the Atlanta area.
Some investors and owners do successfully manage their own properties. An experienced Decatur property manager, however, can save you many headaches, like those calls in the middle of the night to syfon water out of a flooded basement or an alarm going off that your tenant can’t locate. Tenants have called me recently for both of these issues and they need to be handled quickly.
Managing property for other people requires special skills:
A good Property Manager can:
If you are managing your own property or inherited a home you would like to lease in the Decatur or Emory area, consider hiring a professional Property Manager.
According to Georgia and Federal Law, if you own investment property near Emory University or in Decatur, certain responsibilities fall on your shoulders.
As long as you are not involved in a federal government housing program which have additional requirements, here are some concerns you should consider:
Many townhome and condo communities in Dekalb County control how many units are allowed to be leased, and in some cases restrict all property owners from leasing their property if it is not owner occupied. Local housing authorities may also have restrictions that could affect your rental property. For example, they could restrict how many unrelated adults may occupy a property, etc.
Local laws require you to maintain your property in so that it is safe and habitable. Keeping yourDecatur property and the grounds in good repair is important to protect your investment. This is what your tenants expect as well.
Screen your prospective tenants carefully by requiring credit, background and criminal checks. Checking references and employment is also critical. Once your tenants have occupied the property, they have the right to use, occupy and enjoy the premises in accordance with the terms of the Lease. Except in case of emergency, this means you can’t just pop by without giving appropriate notice to your tenant.
Check with your local housing office or zoning office if you have specific questions.