I just bought property in powder springs. My PM told me that this is great rental area.
However already 18 days without one application.
PM says its December, but when I look in Zillow I see many houses sitting for weeks waiting for tenants in Powder springs and I don’t see that in other areas.
Did my PM gave me bad advice on buying in powder springs, or its hard to find tenants in December?
Hey Shiri, I live here, and it depends on what area really. What school district is it in powder springs? December slows it a little as well.
What is your PM doing to advertise your rental?
Are people looking at your rental, and just not applying? Or are you not getting any showings at all? If you're getting showings your PM should be following up and providing you with feedback as to why people are not applying.
It's true that December can be a little slower. I would suggest when you do get it rented to get your rental cycle so that your leases begin and end in the summer when school's out. Mid June is a great time.
@Patrick Miller the house is in North India Mound (Furlong Way)
@Morgan Klein The PM is using Zillow. We lowered the rent in 100$ and they had first showing this weekend. However overall they say there is low interest. The PM told me they will do 18 month lease. Maybe lowering the rent more will bring more people.
you should be offering a standard 12 month lease. Can you message me the address and rental price?
I suggest you take pets. All my houses have fenced back yard. 3 to 1 advantage over the no pet competition. $400 pet fee, some get $10/mo pet rent per.
Thanks all! I asked PM to reduce rent && allow pets per fee. Lets see if it works. I love BP.
As long as you know most people don't move with Christmas coming up in in two weeks so be patient. It will get rented. I plan on average five weeks of vacancy.
I am actually looking to buy my first property within the Powder Springs as well and was kind of worried about the rental turn around in the Winter. My PM stated that they would be able to have someone in by the 1st of Jan but I do not know if I can trust that for certain. Thank you all for your input.
The house was rented for 1150. My conclusions are: We asked for too much rent. Powder springs is slower for rental. During same time of the year we didn't have any issues in other cisties in Atlanta area.
Happy to hear you were able to finally get it rented out. Were you able to get an 18 month lease to switch it over to the summer time? That will help you in the future.
@evan stalcup - yes we did 16 month lease
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing