Hi everyone,i was really hoping that someone may have a good contact in Atlanta,ga for property management as I have purchased three properties and have yet to be leased 9 months down the track,any advice and help on this would be greatly appreciated.
cheers nick
if you want to send me details and if these properties are in a service area we work we can help you with them.
9 months does not sound good… ONE THING that is critical is you need to contact your insurance agent if you have not already done so and get extended insurance on these.
Most policies will not cover any fire or any other loss if the property is vacant more than 60 days sometimes 90… For sure unless you have additional coverage your probably not insured at this point and thats a big Matzah ball hanging out there.
Not to mention a vacant house for 9 months there is a high probability of vandalism and theft. Hope thats not the case but if these were lower end Atlanta, ( which they might be because you did not get them rented) you have a very real risk in this as well.
I will be in Atlanta Next week personally.. So would be happy to help if I can.
The insurance issue is a huge one and when I hear of people taking 90 days plus to rehab and then even longer to tenant, unless they have specific coverage for this they are NOT insured… Just takes one fire and a denial of claim to ruin your day.
JLH
Thanks for the reply jay,funny you mentioned about vandalism as one of our properties has just recently had all the wiring and copper pulled out,our other two properties we believe are in good areas but are yet to be leased 9 months later,if you know anyone in Atlanta who you think can help me in regards to PM who can lease them out ASAP that would be great also,it's just been a very daunting experience and loss of money not to mention.
cheers nick
Nick
Atlanta is a HUGE metro plex, I would need address's to see where the properties are to even begin to refer you to PM's thats that I know and trust in the area.
However you must have someone looking after them if your aware of the one house getting hit for all the copper.
glad to help if you like
Thanks for your reply jay,i will send you all the details in the next 5 mins through my personal email
cheers nick
Nick
Jay will help and yes, shocking but take control… One day late on rent and be firm!emma
Manutd123 wrote:it's just been a very daunting experience and loss of money not to mention.sorry to hear that
its not the first time it's been reported on these sort of forums too…one of the main reasons we prefer to operate in Japan. Vandalism just doesn't exist, and crime is a very rare thing, at least as far as residential property is concerned. Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
its not the first time it's been reported on these sort of forums too…one of the main reasons we prefer to operate in Japan. Vandalism just doesn't exist, and crime is a very rare thing, at least as far as residential property is concerned. You must be logged in to reply to this topic. If you don't have an account, you can register here.
