Marietta, Georgia is one of Atlanta’s most popular suburbs. Its top-rated schools and proximity to thousands of professional opportunities attract new residents to the area each year. This also makes it a great place to turn your home into a rental property.
Consider the Costs
Before making the decision to rent your home, you need to do a little math to figure out if it is worth the investment. Do you still have a mortgage on the house? Marietta is known for its low property taxes, but are they low enough to factor into the rent? Utilities, repairs, landscaping, and maintenance costs should also be considered. Finally, search for rental homes in your area and find out if you can offer a competitive price.
Advertise the Property
Once the house is ready and a price is set, start advertising for potential renters. Place a sign in the yard, and take to the Internet. Websites like Craigslist are excellent for advertising and usually free to use. You can also rely on local newspapers like the Atlanta Journal-Constitution or the Marietta Daily Journal.
Find a Property Management Company
If you are having trouble finding potential tenants or setting the rent or you just don’t have time to deal with it all, it is generally easier to work with a reputable property management company. It can often save you time and money. From beginning to end, your property management company will handle things like evictions, rent collection, putting together a lease, and making arrangements for repairs. The company should also be familiar with all Georgia state and Cobb County local laws regarding rental properties.
Find the Right Tenant
Finding a tenant on your own can prove to be quite the difficult task. You need to be fair – it’s the law – but you also need to be smart. Background checks, credit checks, and rental history are all important factors to consider. If you choose to work with a property management company, it can handle this step for you. The company generally has experience looking into a potential tenant’s background and probably has a better idea as to where to locate information than the average person.
Call 866-331-6626 to get started.
