I work primarily a little north of Cartersville, but I do pay attention to that market and one of the agents I work with closely is focused on Cartersville. I've been seeing a steady rise in vacancies over the last few months (from basically zero, so it's still pretty solid). I typically factor in at least a 5% vacancy rate, but given the shift in the market in the recent months, I would probably up it a little to 7.5% as a minimum, then discount further if there are other factors that would cause tenants to hesitate on signing a lease.
Other than that, I do like the Bartow County market, there have been a ton of jobs created in the area over the last couple of years, and it's still close enough to north side Atlanta that plenty of people commute into the city. Happy to share more thoughts when we chat tomorrow! :)
I work primarily a little north of Cartersville, but I do pay attention to that market and one of the agents I work with closely is focused on Cartersville. I've been seeing a steady rise in vacancies over the last few months (from basically zero, so it's still pretty solid). I typically factor in at least a 5% vacancy rate, but given the shift in the market in the recent months, I would probably up it a little to 7.5% as a minimum, then discount further if there are other factors that would cause tenants to hesitate on signing a lease.
Other than that, I do like the Bartow County market, there have been a ton of jobs created in the area over the last couple of years, and it's still close enough to north side Atlanta that plenty of people commute into the city. Happy to share more thoughts when we chat tomorrow! :)
I am a new investor and have the same questions. Would love to connect and possibly work together sharing information regarding deals/team members in Cartersville. I think the city has lots of potential. Please DM me if interested!
@Kevin Peace Happy to work with you on deal analysis and teams in Cartersville. I'm just starting to look there, and live in Milton. I own two duplexes in upstate NY.