Covington GA Rental

General Landlording & Rental Properties
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Covington GA Rental

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Member since 2009 · 827 posts · 245 votes

Is this a decent rental market?

I ask because a borrower of mine has spent 9 months trying to rent out a nice 3/2 I lent him money on located there. Only 8 years old, nice neighborhood. He's on his third pm, still not rented. It doesn't make any sense.

Thanks

TC

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Steve Babiak
Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
15y

Starting out asking for top dollar isn't the problem; the failure to see that it needed to be lowered is...

Face it, we all want to rake in as many dollars as we can, but not knowing what the competition has is the error.

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  • Joel OwensBusiness Member
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    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    15y

    Tom,

    If you give me the address I can do some research on it for you. I have lived in Georgia all of my life and know it well.

    Tom it sound like baloney to me.Are they certified property managers like with www.irem.org and do this full time or is this an agent trying to make coin on the side??

    There is NO WAY after 9 months that it is not being rented.Professional property management companies have pre-screened lists of tenants ready to go in different per month rental brackets and areas.

    I hope you are not being taken here. I wish I could partner with someone to do deal with.I am a broker I just need the cash partner to do deals.

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  • Steve Babiak
    Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
    15y

    Tom,

    Price adjustments should be looked into - renters these days are expecting to get into a rental on the cheap.

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  • J ScottPro Member
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    Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
    15y

    I was actually just talking to someone about 10 minutes about the Covington real estate market. I'm not familiar with it, but she was saying that it's actually a pretty decent market (for rehabs, at least), and given the location (not too far outside the city), I'd be surprised that a house that was priced correctly wouldn't be able to rent relatively quickly.

    I'll ask around and see if anyone I know has more info about the rental market in that area...

    As Joel mentioned, if you want to PM me the address, I'm happy to do some MLS research to see what it listed in the area for rent and try to get an idea of the going market rents...

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  • Account Closed
    Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
    15y

    tom, i was at that house a few months ago if you rembmer..i can send picsi f anyone is interested..when i was there,the house was in rent ready condition minus ac/heat i believe...i called some for rent signs around the area...650/month is definltey doable--not sure why its not rented out, other than the fact that most property managers don't do a decent job bc they get more money just receiving applicatino fees than actually getting the 10% of rents

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  • Steve Babiak
    Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
    15y

    Starting out asking for top dollar isn't the problem; the failure to see that it needed to be lowered is...

    Face it, we all want to rake in as many dollars as we can, but not knowing what the competition has is the error.

    1Reply
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