Hi all, this is my first post here. I have a few Ltr's but looking to dip into str's starting in my home state. I was wondering if anyone in Georgia has worked with a good agent that has extensive knowledge of the investment market for short term rentals.
Investor · Cleveland · Member since 2021 · 247 posts · 240 votes
3y
Hey Ricardo, as @Michael Dumler said, STR is tricky here in the metro. The market has really saturated due to high supply. You may have luck in the mountains, as you indicated but in my experience the prices up there are extremely high.
Whenever clients come to me asking about AirBnB and STR, I always recommend Padsplit as an alternative. Many on here are familiar with the platform, as it's a great way to juice cash flow and the city looks much more favorably on it than AirBnB since Padsplit provides much needed affordable housing.
The purchase prices are cheaper, the supply/demand ratios are much more favorable, the cash flow is higher and more reliable and you can take advantage of the massive growth Atlanta is expected to see in the coming years and decades.
Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
3y
@Ricardo Riveros, many ATL submarkets are starting to crack down on STRs. Whoever you end up working with, make sure they're very familiar with all County and City ordinances. Moreover, if you're interested, there's a great Facebook group you can join called Atlanta Metro Short Term Rental Alliance which posts regularly regarding changes in ATL STR regulation. I hope this helps!
@Ricardo Riveros, many ATL submarkets are starting to crack down on STRs. Whoever you end up working with, make sure they're very familiar with all County and City ordinances. Moreover, if you're interested, there's a great Facebook group you can join called Atlanta Metro Short Term Rental Alliance which posts regularly regarding changes in ATL STR regulation. I hope this helps!
Thanks Michael. Yes I've definitely heard. My LTR properties are in the metro area. I'd love to rent one as an STR but am not allowed. So I'm actually going to target the north GA mountains and see how that goes.
Investor · Cleveland · Member since 2021 · 247 posts · 240 votes
3y
Hey Ricardo, as @Michael Dumler said, STR is tricky here in the metro. The market has really saturated due to high supply. You may have luck in the mountains, as you indicated but in my experience the prices up there are extremely high.
Whenever clients come to me asking about AirBnB and STR, I always recommend Padsplit as an alternative. Many on here are familiar with the platform, as it's a great way to juice cash flow and the city looks much more favorably on it than AirBnB since Padsplit provides much needed affordable housing.
The purchase prices are cheaper, the supply/demand ratios are much more favorable, the cash flow is higher and more reliable and you can take advantage of the massive growth Atlanta is expected to see in the coming years and decades.
@Ricardo Riveros, many ATL submarkets are starting to crack down on STRs. Whoever you end up working with, make sure they're very familiar with all County and City ordinances. Moreover, if you're interested, there's a great Facebook group you can join called Atlanta Metro Short Term Rental Alliance which posts regularly regarding changes in ATL STR regulation. I hope this helps!
Thanks Michael. Yes I've definitely heard. My LTR properties are in the metro area. I'd love to rent one as an STR but am not allowed. So I'm actually going to target the north GA mountains and see how that goes.