We are in the best season for rentals in the U.S. and we rented over 20 properties in March and expect to rent 40+ in April. We are already over 35 houses for April and it’s only the 16th of the month.
Buy Cash Flow Properties, our only turnkey operator that we manage for, continues to provide us 15 – 25 houses per month that get placed into property management.
The real estate market continues to go up in Atlanta as the supply of houses shrink and the demand continues to grow. Look at the article published in the Atlanta Journal Constitution on Wednesday March 26, 2014 with the headline: Higher Home Prices But Fewer For Sale
There is an old saying we cherish: “Business is good or bad in between your ears”. We live in the greatest country in the world that is ripe with opportunity for those that have the initiative to take action and create a better life for themselves. We have many investors that have replaced their income from a job with rental houses. Last week one of our French investors closed on an executive type house for $257,000 and we had a cash offer from a home buyer within 24 hours for $335,000. He sold it and is buying two more.
Now that’s exciting, especially if you’re the investor.
If you would like to increase your holdings in the Atlanta area, simply email RJP@BuyCashFlowProperties.com or call RJ direct @ 813-495-3006.
Changes you should know about:
- Beginning this month, April 2014, we are using a cutoff date of the 25th of every month for reporting purposes as well as distributions. Any funds not collected by that time, will be reported and or distributed in the following month or quarter.This was necessary for us to become timelier in our reports to you.
- Emergency Repairs – These will be handled without your approval to avoid personal injury to tenants or others. Regardless if the repair is over $500, we cannot afford to wait for your approval if a tenant’s AC goes out in summer or frozen pipes in winter. This past winter was one of the coldest in decades in Atlanta and on one crisp 8 degree day, we had 46 broken water pipes! They were all repaired within 3 days because we used Buy Cash Flow Properties crews at their costs. Thus, if one of these houses were yours, we saved you a lot of money by preventing much bigger repairs by getting there fast and getting it done at actual cost without any mark up in fees to you.