Atlanta vs Nearby Cities
Atlanta has one of the most aggressive real estate markets in Georgia, and prices have been accelerating since 2015. Buyers typically pay well over $200 per square foot, and the median listing price is fast approaching $350,000. Compare that to the median home value, which is much closer to $200,000. This is comparable to many nearby cities like Marietta, which offers a median listing price close to $350,000 with a median home value over $250,000.
The Atlanta suburbs are more diverse when it comes to the cost of housing. Consider Decatur, which is about six miles to the northeast and boasts a median listing price of approximately $550,000. Other suburbs like College Park offer median listing prices under $200,000.
Atlanta Property Managers
If you don’t have the time or desire to manage your rental properties consistently, a property manager can do the work on your behalf. From screening potential tenants to answering questions and approving repairs for existing tenants, you can count on your manager to protect your investment.
Atlanta Property Management Company Fees
Most property managers in Atlanta will charge a monthly fee based on the amount of rent collected from your property. Additional charges for advertising, lease renewals, repairs and other expenses will likely apply. If your manager is a marketing pro, they can save you a lot of money on advertising.
Georgia Landlord Tenant Laws
- Georgia landlords have no state restrictions when determining how much they charge for security deposits.
- Landlords are required to place a tenant’s security deposit in escrow through a depository that is regulated by the state or federal government. They must tell the tenant where this account is held.
- Once a tenant moves out of a rental property and returns the keys, the landlord has one month to return their security deposit.