Do You Need a Property Manager Near Emory?

During the past several years, rentals have almost surpassed home ownership in popularity, particularly in the Atlanta and Decatur neighborhoods near Emory University.

While rental growth has leveled off nationwide, rents have continued to rise in close-inAtlanta areas, jumping 3% from December 2015 to January 2016  for a 1-bedroom unit. In addition, the housing market has been hampered by a severe lack of inventory, causing a flood of “would be buyers” to seek rental possibilities.  Increased demand in desirable areas near Emory, downtown Decatur and Atlanta has also led to higher rents and fewer available properties to lease.

A recent article by Phil Hudson in the Atlanta Business Chronicle indicated approximately 32% of renters in Atlanta are designated “millenials”, ages 18-34, who are young adults that can’t afford to buy or don’t want to be bothered with the hassle of owning.  They are attracted by the flexibility of leasing, including mobility to move when necessary and by the services provided by Landlords or Property Managers.

With the increase in the number of people moving into the rental market, it is important for Owners and Managers to maintain good records and provide excellent service.

Atlanta Decatur Homes is a local Property Management Company, representing properties  located in the Emory, Druid Hills, and Decatur neighborhoods.  One of the complaints we hear most often from prospective renters is that the Manager and/or Owner is not responsive.  Here are a few tips that may help:

• Screen tenants carefully
• Get it in writing
• Handle security deposits judiciously
• Make repairs as necessary
• Give notice before entering
• Buy adequate Insurance

Emory Property Manager

If you would prefer to live your life and focus on other priorities, Atlanta Decatur Homes will maintain your property and keep your tenants happy. We have years of experience and know the Emory Decatur neighborhoods well.

Originally posted on Atlanta Decatur Homes Website on 5/12/2016

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Medlock Park - Popular Decatur Neighborhood

Reasonably priced homes located within close proximity to Emory University are not staying on the market long.  In fact, the average days on the market for nine properties that have sold since January 1, 2014 in the popular Medlock Park area is 41 days!
Homes in the Medlock Park neighborhood located just 2-3 miles from Emory sell between $150,000 and $270,000.  There are currently 14 homes for sale and 16 pending sales since the beginning of the year.
Medlock Park is an area surrounded by convenient restaurants, grocery stores, shops, and the vibrant downtown City of Decatur is only a few miles east.
The neighborhood also contains Medlock Park, a lively complex with playgrounds, swimming pool, and an incredible 2 mile walking and bike path; plus the fabulous Shepherd Nature Preserve.

The Medlock Park area is a close knit community with an active neighborhood association.  Prospective home buyers will enjoy the convenient location accessible to all activities, reasonable home prices, and congenial neighbors who walk their dogs, work  in their yards, and supervise their children at the local parks.
If you would like to be part of this special neighborhood, contact Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Druid Hills, Decatur, Medlock Park, Morningside, Virginia Highlands and Tucker neighborhoods for over 25 years.  We also offer professional Property Management.

Emory Point - Neighborhood Retail Addition

Construction for a new retail and mixed-use development called Emory Point has been developing during the past year along Clifton Road near Emory University, and its opening has been anxiously anticipated.

Emory Point is now open and features an attractive main street with shops like Strippaggio, carrying artisan oils, vinegars & specialty foods, Fab'rik, and Lizard Thicket, as well as popular local restaurants like Bonefish Grill and Marlowes Tavern.

While not all facilities are open yet, CVS Pharmacy, Jos. A. Bank Clothiers and Ann Taylor Loft, plus a dry cleaner are open for business and 21 shops and restaurants will be available when the project is completed. Limited parking is available along the street with credit card payment, and free 2-hour parking is available in he present parking deck. There are plans for an additional parking area when the complex is finished.

Originally envisioned as a major condominium and shopping environment by Cousins Properties, partnering with Gables Residential, the project was delayed due to the economic recession. The residential aspect has been altered to offer leasing options instead of condos. Gables Emory Point is a luxurious apartment development with dozens of available floor plans, an elegant Club House and Business Center.

Located across the street from the Centers for Disease Control and surrounded by Emory University Campus and the Emory Healthcare complexes, Emory Point is within walking distance for employees in the community and easily accessible by Emory's free shuttle service, the Cliff bus. It should prove a popular lunchtime and evening destination for Emory area neighbors as well.

Atlanta Decatur Homes is a local real estate company serving buyers and sellers in the Emory, Decatur and Atlanta in-town neighborhoods for over 25 years.

Winston Place - Featured Decatur Condo Community

Several  features make condos and townhomes an attractive choice for home buyers.   Winston Place is a charming small complex conveniently located close to shopping, restaurants, and medical facilities like Emory and the VA hospitals.

Winston Place is one of the few complexes in the area with full garages and some one-level units.  It also has a strong Homeowners Association and well-landscaped grounds and pool area. According to the Atlanta area multiple listing service,  two and three bedroom units here sold last year between $200,000 and $269,000.

Home buyers who choose condos and townhomes are looking for well-kept complexes in desirable neighborhoods close to work and shopping.  Buyers want less exterior upkeep,  ample interiors, updated kitchens and lots of storage.   Winston Place, built in 1985, is an older neighborhood but has many of the features that buyers are looking for today.

Winston Place is conveniently located less than 3 miles from Emory University,  approximately 1 mile from major grocery chains in Toco Hills Shopping Center, and 1/2 mile from  popular neighborhood Oak Grove Shopping Center.

Atlanta Decatur Homes is a local real estate company, serving buyers and sellers in the Emory University, Decatur and Atlanta neighborhoods for over 25 years.

Atlanta Rental Market - Investment Frenzy

It’s no secret that Atlanta and the surrounding area have endured a difficult real estate market during the past 4-5 years. Atlanta has had one of the highest number of foreclosures and short sales in the country, but is experiencing a dramatic change.

Prime Neighborhoods Improve

With the economy slowly recovering and the housing market improving as well, some parts of the Atlanta real estate market like the Emory University, Virginia Highlands, Buckhead and City of Decatur neighborhoods are seeing multiple offers and rising sales prices.

Foreclosures and short sales in the Atlanta area

Another area of the Atlanta housing market is also showing marked recovery and interest.

For buyers seeking a foreclosure or short sale under $200,000, the competition has changed. According to an article in the Atlanta Journal-Constitution by Christopher Quinn, “Metro Atlanta’s depressed home prices are drawing the interest of a new type of buyer – companies that buy houses in volume.”

Several companies with billions in cash to spend on investment properties are buying foreclosure and short sales in all parts of the Atlanta metro area. Competition is fierce and many properties have multiple offers, making it difficult for individual home buyers to purchase a home in this price range.

Some realtors like Sandy Bowley of Realty Associates are working almost exclusively to find appropriate homes for these investors. “It’s a race to find qualified homes and by the time you have checked them adequately, the property has three other offers”.

While this type of competition increases property values and improves the housing outlook, it forces many prospective individual buyers out of the market and into a rental situation. Investment companies are buying in a frenzy, then holding properties until the market improves, or leasing them for the immediate future.

More single-family investment properties will soon be available, as homes are repaired and offered for lease by the companies that are spending billions to invest in the area. It appears that the Atlanta Rental Market will have ample housing opportunities in the future.

Atlanta Decatur Homes is a local real estate company providing Rental Management Services and representing buyers and sellers in the Atlanta, Decatur and Emory University neighborhoods for over 25 years.

Emory University Area Rental Outlook - 2013

The recent economic reality of plummeting home prices, increased foreclosures /short sales, and restrictive home loan requirements has changed the real estate landscape. Renting has become a popular option as public perception has been dramatically influenced by events of the past four years.

Almost everyone has been affected - homeowners, home buyers, job seekers, renters, investors, mortgage lenders.

 

While many in-town neighborhoods like Emory, Druid Hills, Virginia Highlands and City of Decatur are enjoying a healthy rebound in home prices and activity, some prospective home buyers are reluctant to embrace home ownership. After years of lost property values and uncertain economic stability, many buyers have decided to rent rather than purchase a home. And, an influx of former homeowners who have lost homes to foreclosures or short sales are now moving to rental properties in the area.

So, how are we doing? Rental properties in good neighborhoods in Atlanta seem to be doing just great. According to David Haddow, President of an Atlanta real estate consulting firm, "the average rental occupancy rate for intown neighborhoods remains very high at 96.9%."

Why Rentals are Popular Today

• No extensive qualifying beyond normal credit check
• No maintenance costs
• No Insurance or Tax Costs
• Ease of mobility if job change
• Reasonable Rents vs. mortgage payments

Neighborhoods near Emory University attract graduate students, professors, medical workers, retirees, and young couples. Rental properties in good neighborhoods are in high demand and rent prices are increasing every year. Current Rental statistics published by the FMLS multiple listing service in Atlanta indicate that the majority of homes rented during 2012 were in the $1500 – $2500 range in the immediate Emory and Decatur neighborhoods.

The rental market in the Atlanta area inside the Perimeter appears to be thriving and prospects for the near future look promising. Investors and homeowners who are renting their homes until home prices improve in these areas should be encouraged that a ready rental market will be available for some time to come.

Atlanta Decatur Homes is a local real estate company offering professional Property Management Services and representing Buyers and Sellers in the Atlanta, Decatur and Emory University neighborhoods for over 25 years

Druid Hills Neighborhood near Emory University

Posted on April 1, 2012by atlantadecaturhomes

Druid Hills is one of the most desirable Atlanta neighborhoods, located just a few miles from downtown Atlanta in unincorporated DeKalb County, and bordered by wide, curvy Ponce de Leon Avenue.

The Historic Druid Hills neighborhood was originally developed in the early 20th Century by a local businessman who hired the famous landscape architect, Frederick Law Olmstead and his son, to design and implement the development of the area. Wonderful foresight produced lovely winding streets, overhanging trees, neighborhood parks and gracious homes along streets like Lullwater, Springdale and Oxford. For a more comprehensive history of the area, Druid Hills resident, David Hartle, has written Druid Hills, A Brief History.

Architectural styles in the area include stately Georgian and Tudors, as well as more humble Bungalows. Flowering Dogwoods and Azaleas are a trademark and present on most of the streets in Druid Hills.

A recent facelift and roundabout has enhanced Emory Village and the entrance to Emory University, which are located in the Druid Hills Historical District. Once a bottleneck, traffic now moves easily through the intersection and into the area. Pedestrian traffic enjoys continuous walkways through the intersection and is a pleasure to transverse.

Emory Village is small with several popular restaurants, drycleaners, bookstore and limited parking. It is located adjacent to Emory University and is a lively, bustling destination.

The main entrance to Emory University is located in Emory Village on the roundabout. Emory University was originally founded by a small group of Methodists and was named in honor of Methodist bishop, John Emory. According to Wikipedia, the university has nearly 3000 faculty members and almost 14,000 students. U.S. News & World Reports placed Emory at 20th in national university rankings in 2012. Emory has a beautiful campus with old trees and extensive green space. Several years ago, Emory opted to become a pedestrian only campus and instituted the free Cliff shuttle system for students, faculty and staff. The Carlos Museum is located on the campus and houses one of the most comprehensive art collections in the SE.

Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Druid Hills, Decatur, Medlock Park, and Emory University neighborhoods for over 25 years. Professional Rental Management services are also offered.

Dog Friendly City - Dog Parks in Decatur, Georgia

Posted on March 31, 2012by atlantadecaturhomes

The Dog Park

Decatur, Georgia is one of the loveliest small cities in the Atlanta area, well-known for its walkability factor, for charming Decatur homes, friendly neighborhoods and fine restaurants and shopping. It’s also a dog-friendly city with some great local Decatur Dog Parks.

In a comprehensive article by Wikipedia, the Dog Park is described as “ a facility set aside for dogs to exercise and play off-leash in a controlled environment under the supervision of their owner.

Dog Parks are popular everywhere, offering safe exercise areas for dogs and an opportunity for owners to gather and socialize while their dogs play. Several excellent Dog Parks are located in neighborhoods around the Emory University area in Decatur, Ga:

Mason Mill Dog Park – N. Jamestown Road Decatur, Ga. – Recently renovated – Flat open space with double fences, adjacent parking, water fountains, baggies and trash deposit plus a covered picnic area. Could use more benches.

 

 

 

 

 

Glenlake Dog Park – 1121 Church Street, Decatur, Ga. – Recently renovated – smaller Dog Park within the larger Glenlake Park with water fountains/baggies and trash deposit and a covered picnic area. Suggest entering off Church Street by the Pool and Tennis Courts, as the other entrance is a bumpy ride over stones. Good Parking

 

 

 

 

Adair Dog Park – Trinity Place next to Mary Gay House, Decatur, Ga. – This large park is one of the more appealing with benches and abundant shade – double fences/water fountains/benches/baggies and trash deposit. Limited parking but handy.

 

 

 

 

 

What Makes a Good Dog Park?

The Association of Pet Dog Trainers lists several points that constitute a Good Dog Park on their website. Good Dog Parks generally have the following:

• Parking Close to the Site
• Materials for Cleaning UP – Bags and Garbage Cans
• Drinking Fountains and Shade
• Enough Space to Avoid Crowding
• Separate Entrance & Exit Gates to Enter and Exit
• Two-Gate System to keep dogs from accidentally Escaping

Is Your Dog Ready for a Dog Park?

Dogs come in all shapes and varieties. Some are quiet and shy, some are friendly and outgoing. Aggressive dogs are not generally welcomed in dog parks and basic obedience skills are desirable. Your dog should be able to respond to basic commands, particularly the recall command. It also helps if your best friend is friendly with all types of people and has a history of amiable play with other dogs. Dog parks may be intimidating for pets that are less than 5 months old.

Visit one of these convenient Decatur Dog Parks when you have an opportunity – your dog will thank you!

Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Druid Hills, Decatur, Medlock Park, and Emory University neighborhoods for over 25 years. Professional Rental Management services are also offered.

Emory Area Neighborhood - Medlock Park

Posted on March 20, 2012by atlantadecaturhomes

The Medlock Park area is nestled between Scott Boulevard, North Superior Avenue and North Decatur Road in Decatur, Georgia. Small well-kept bungalows and brick ranches predominate, with newer construction interspersed. Families and individuals are drawn to the neighborhood by affordable housing and the convenience to Emory University, located less than 3 miles away.

Medlock Park Sales Update

Thirty-seven homes sold in the Medlock Park area during 2011, with prices ranging from $90,000 – $350,000, selling for slightly less than in 2010, The average list price was $192,424 and the average sale price was $180,497, averaging 100 days on the market.

Medlock Park Shopping/Hospital Facilities

Popular restaurants, grocery stores, shops, doctors and hospitals are all located close by

• Evans Fine Foods – N. Decatur Road
• Rainbow Grocery – N. Decatur Road
• UPS & Kinko’s – N. Decatur Road
• Emory Hospital – Clifton Road
• Egleston Children’s Hospital – Clifton Road
• DeKalb General Hospital – N. Decatur Road
• Publix Pharmacy – N. Decatur Road
• Clairmont Animal Hospital – N. Decatur Road

Medlock Park Area Parks

DeKalb County has numerous parks and walking paths convenient to the Medlock Park area, including recently completed bike and walking trails that lead through the woods, connecting two county parks, Medlock Park and Mason Mill Park. Both parks have been extensively renovated and offer tennis courts, playgrounds, ball fields, picnic areas and Medlock Park has a community pool. The Clyde Shepherd Nature Preserve, located in the Medlock Park area, is a 28-acre nature preserve with walking trails, bogs, and bird-watching sites.

Medlock Park offers prospective homeowners a convenient location, reasonable home prices and recreation facilities within the neighborhood.

Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Druid Hills, Decatur, Medlock Park, and Emory University neighborhoods for over 25 years. Professional Rental Management services are also offered.

Atlanta Real Estate Outlook

Posted on March 16, 2012by atlantadecaturhomes

Although the national housing market is showing some signs of recovery, much of the Atlanta real estate market is still playing “catch up”.

There are bright spots in certain areas of the City. For Example, in-town neighborhoods like the Druid Hills/Emory University area are beginning to increase slightly in value and volume of sales. Other parts of the metro area are reeling from numerous foreclosures and mortgage fraud, which tend to affect recovery figures for the the overall Atlanta Metro real estate market. Foreclosed homes owned by banks made up 53% of metro Atlanta sales in January, while foreclosures and short sales made up 35% of sales nationally.

Comparison figures for the number of homes sold in neighborhoods near Emory University indicate that fewer homes were sold in 2011 in the $350,000 – $$900,000 price range than in 2010, but slightly more homes were sold in 2011 in the same area in the $150,000 – $300,000 price range. This is an indication that first-time homebuyers and investors are taking advantage of very low interest rates, and lower-priced homes. The Emory area is also experiencing an increase in the number of homes that are being leased.

The Atlanta Journal indicated in a recent article that “…the region may be seeing the first glimmers of a sustainable housing market recovery with realtors and builders reporting increased interest from potential buyers in recent months.” The Real Housing Market Report reports that housing units in the South for January were up 8.1%, but average prices were down 2% from January, 2011. Economist for the National Association of Realtors, Lawrence Yun, says “record-low interest rates, bargain home prices, rising rents and sustained job creation are helping to spur sales.”

A report published by Brookings, using recent Census Data indicated some interesting statistics. In general, Americans move around more than their counterparts in other countries, but a lot less than they used to. Homeowners are stuck in places with too few jobs and not able or willing to move to areas with healthier labor markets. The Nation is growing and moving more slowly and struggling economically between two recessions.

• U.S. is growing more slowly
• Americans are increasingly stuck at home
• Minorities are driving growth
• Boomers continue to age – age 45 and over grew 18 times as fast as under age 45 – transforming American households
• Americans lost ground on income and poverty in the 2000’s

72% of renters in a recent poll indicated their desire to own a home one day. When the job market and the economy improves, there is a healthy backlog of prospective buyers waiting to buy homes!

Atlanta Decatur Homes is a local real estate company selling homes in the Atlanta, Decatur, Druid Hills, and Emory University neighborhoods for over 25 years, offering Professional Management Services as well.

Why Do You Need a Property Manager?

Posted on February 12, 2012 by atlantadecaturhomes

You need a Property Manager for many of the same reasons you need a professional real estate agent.  To make your life easier.

Realtors are licensed and knowledgeable about  State and Local laws that might affect your property.  For example, in some municipalities there is a limit on the number of unrelated adults that can occupy a home legally.

A good Property Manager can handle most of the sticky issues that may arise in leasing your home.  They can:

• Advertise the property for lease with signs, lockboxes, information boxes and emails to other local realtors and to major local businesses.  Distribute flyers and brochures to the multiple listing service, personal websites, Realtor.com, Craigslist, Postlets.com, rentdigs.com, and a host of other appropriate sites.
• Screen prospective tenants by checking credit histories, references, past landlords, and backgrounds.
• Prepare a comprehensive Lease that protects the Landlord and the Tenant, spelling out possible problems like access to the property, accountability for damage to the property, and early termination of the Lease by either party.
• Keep individual records for each client, collect and hold Security Deposits and   rent.  Pay maintenance bills or lawn service if requested.  Send out an itemized statement to the Landlord each month, and a year-end report as well. 
• Maintain the property by handling repairs when requested or necessary.  Professional Property Managers have good electricians, handymen, and plumbers available, as well as lawn services. 
• Let tenants into the property when they are locked out.

Perhaps one of the most difficult duties that Property Managers perform is maintaining  a good relationship and communication with your tenants.  Tenants come in all forms and not all of them are amiable, even though they pay the rent on time and keep the property in good condition.  Prickly tenants need a diplomatic approach and one that an experienced Property Manager can handle with ease.

Atlanta Decatur Homes is a local real estate company selling homes located in Atlanta, Decatur, and Emory University neighborhoods for over 25 years and offering professional property management for homes in the Emory area.