Does anyone have any insights to share on Columbus or Atlanta rental market? I am looking into turnkey rentals there. I am not sure where to start such as turnkey company recommendations? areas to look into? Any feedback is appreciated!
While I am not an expert on the Columbus market, I can tell you that if you're hoping for cash flow from a turnkey, on-market purchase, Atlanta is not the place to look. Being arguably the hottest market in the U.S. from a combination of investor & homebuyer activity, Atlanta home values have outpaced rent quite a bit. This isn't to say rents aren't going up - they definitely are - just not enough to keep pace with home values. I welcome others more familiar with the outskirt counties to correct me, but I believe this is the case for the entire MSA. Cash flow just does not exist here when purchasing on-market, turnkey properties.
That's the bad news. The good news is that if you're purchasing for long-term appreciation, Atlanta is definitely the market to look in. Also, if you're okay with getting creative and working hard, there are still opportunities to cash flow here. But, it won't be easy.
Hope this helps a bit. Please, feel free to reach out anytime if you have other questions or just want to chat!