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Welcome to Central Georgia Realty

Central Georgia Realty is a full-service real estate brokerage and property management firm headquartered in Senoia, GA and serving all of South and North Atlanta. Currently managing over 200 residential properties for individuals, small investors, and institutional investors, we are experts in this part of the state in the property management business. We also offer management services for smaller multi-family properties, up to 30 units.

In addition to property management services, Central Georgia Realty also offers real estate sales. Whether you're a home owner looking to sell your home, an investor looking for great investment opportunities, or a buyer looking for your dream home, we can help you reach your goals.

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Occupancy Rates Strong and Rent Increasing

Todd Ortscheid - Monday, July 28, 2014

The latest rental property occupancy data is in from Axiometrics, one of the leading providers of multi-family property data in the country. The occupancy rate, a very important metric for income property owners, remained high at 95%. This is up from the 94.8% occupancy rate of a year ago, and is quite encouraging, as this is the second month in a row where occupancy was at 95% or higher. For long-term comparison purposes, the occupancy rate five years ago was below 92%.

Aside from occupancy rate, effective rent also held strong, with the frequency of rent incentives (half month off first month's rent, for example) declining. The rent concession rate was down to only 0.78%, the lowest rate in at least five years. Effective rent rates are up by 4.5% year to date. Of course, these are national numbers in the aggregate, and not every market has experienced the same improvement, but it does give good indications for the strength of rentals as more and more families decide to rent rather than buy.

Looking at the greater Atlanta market, numbers are quite good, with Atlanta landing in the top 6 of the largest markets in the country. Occupancy rates in Atlanta were at 94.04% in June, and effective rent grew by 7.14% when compared to a year ago.

Of course, this is multi-family (apartment) data, so it doesn't transfer perfectly to the single family housing market, but again, it's a good indication for the strength of income investment property over "flipping" and other forms of real estate investment.

Please give us a call if you'd like to get started in real estate investing to take advantage of this great market. And if you're already a current investor with multiple properties, we offer investor discounts!

June home sales bad for sellers, good for income property investors

Todd Ortscheid - Thursday, July 24, 2014

The latest data for new home sales is out for the month of June, and it continues to be bad news for home builders and sellers. But, it's important to note that bad news for sellers is frequently good news for owners of rental properties, because it means demand for rentals will continue to be high and prices of homes that you can acquire for additional rental properties remain reasonable.

The data for June shows that new home sales dropped by 8.1% from May, and figures for March, April, and May were also revised downwards. In the south, the number was even worse at a 9.5% drop. The median sales price was down 3.2% from May, but up 5.2% from the previous year.

For existing home sales, numbers were actually up 2.6% from May, but down 5% from a year ago. Housing inventory is also at a 3-year high.

Again, bad news for home sales is usually good news for owners of rental properties. Would-be buyers are instead choosing to stay in rental properties for a variety of reasons, including the fact that millennials continue to show little interest in home ownership. Your rental properties should continue to have little problem finding tenants, evidenced by our average time on market of under a month. This also means that you have more time to acquire more properties for your investment portfolio before prices go up to levels unattractive for investors.

Give us a call if you'd like to rent out your house or acquire more investment properties. As a full-service brokerage, we can help you with it all.

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Central Georgia Realty
42 Main Street Suite 2B
Senoia, GA 30276

(678) 648-1244

Central Georgia Realty, LLC, Property Management, Senoia, GA

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