Newnan Rental Market Update 2015

 

Hello everyone, my name is Travis Cassell and I am the broker and owner of Lighthouse Property Management located in Peachtree City Georgia. Today this video is for you if you own a rental home in Newnan Georgia or if you are thinking about purchasing a rental home in Newnan Georgia. Or if you are considering selling your property I’m going to give you what I believed to be some compelling reasons to turn that property into a rental. This post will aslo give you stats to back up the red hot newnan rental market.

One of the most compelling reasons to keep your property is that the market is appreciating. Houses in Newnan are going up, last year prices rose 7% and are projected to rise an additional 4% by summer time next year. So you might say it’s a great time to sell the property, but is it? Prices are increasing so perhaps holding on a little longer makes more sense. In some ways, it’s a little bit like the stock market in that your profit is locked in when you sell. Demand right now is very high so there’s not too many reasons to believe that this will stop anytime soon.

Hello everyone, my name is Travis Cassell and I am the broker and owner of Lighthouse property management located in Peachtree City Georgia. Today this video is for you if you own a rental home in Newnan Georgia or if you are thinking about purchasing a rental home in Newnan Georgia. Or if you are considering selling your property I’m going to give you what I believed to be some compelling reasons to turn that property into a rental.

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One of the most compelling reasons to keep your property is that the market is appreciating. Houses in Newnan are going up, last year prices rose 7% and are projected to rise an additional 4% by summer time next year. So you might say it’s a great time to sell the property, but is it? Prices are increasing so perhaps holding on a little longer makes more sense. In some ways, it’s a little bit like the stock market in that your profit is locked in when you sell. Demand right now is very high so there’s not too many reasons to believe that this will stop anytime soon.

There are a number of reasons why Newnan Georgia is a landlord’s market. Primarily there are only five four bedroom properties available to rent in all of Coweta County. Just think about that only five four bedroom properties countywide. There are only 18 total properties on the market for rent at this time. This is really an incredible number there’s just not enough properties on the market to fill the demand. It’s definitely a landlord’s market.

There are about 130,000 people that live in the county and about 75 % of those households are home owners so by default 25% are tenants. The numbers say the average household size is almost three people so this breaks down to close to 11,000 active leases countywide. So, as you can see with only 18 total vacancies the new people moving into the county each day Newnan especially is becoming a very attractive market for real estate investors.

Hello everyone, my name is Travis Cassell and I am the broker and owner of Lighthouse property management located in Peachtree City Georgia. Today this video is for you if you own a rental home in Newnan Georgia or if you are thinking about purchasing a rental home in Newnan Georgia. Or if you are considering selling your property I’m going to give you what I believed to be some compelling reasons to turn that property into a rental.
One of the most compelling reasons to keep your property is that the market is appreciating. Houses in Newnan are going up, last year prices rose 7% and are projected to rise an additional 4% by summer time next year. So you might say it’s a great time to sell the property, but is it? Prices are increasing so perhaps holding on a little longer makes more sense. In some ways, it’s a little bit like the stock market in that your profit is locked in when you sell. Demand right now is very high so there’s not too many reasons to believe that this will stop anytime soon.

There are a number of reasons why Newnan Georgia is a landlord’s market. Primarily there are only five four bedroom properties available to rent in all of Coweta County. Just think about that only five four bedroom properties countywide. There are only 18 total properties on the market for rent at this time. This is really an incredible number there’s just not enough properties on the market to fill the demand. It’s definitely a landlord’s market.

There are about 130,000 people that live in the county and about 75 % of those households are home owners so by default 25% are tenants. The numbers say the average household size is almost three people so this breaks down to close to 11,000 active leases countywide. So, as you can see with only 18 total vacancies the new people moving into the county each day Newnan especially is becoming a very attractive market for real estate investors.
Rents are going up at about the same rate sales prices are. Rents have increased around 7 to 8 % over the last year. So, yes now is the time to turn your home into a rental home if you’re considering selling or to go ahead and make that purchase and get the maximum rent out of your investment. In fact, right now we have real estate investors from around the world calling interested in this market. Believe it or not they are not buying fix it offers they are buying really good homes, quality homes and turning right back around and renting those homes and holding on to them long term. They have decided that the Newnan, Georgia market is a very strong one and yields a very good return.

A significant contributing factor to this markets success would include the healthcare industry. The healthcare industry in Newnan consists of Newnan Piedmont Hospital as well as the cancer treatment center. There are also a number of new clinics and supporting offices in the area let’s support these facilities. We are experiencing doctors and nurses and technicians moving to the area at a record pace. These folks have been great tenants. Many could buy a home and have a really good credit and excellent income, but just want to get to know the area before they make a purchase.
There are other flourishing businesses they’re bringing folks in also. The great school system the convenience to downtown Atlanta and of course interstate 85 all paves the way for a great little market now and into the future. If you’re interested in finding out how you could purchase a rental home or if you’re ready to find out more about our property management services just fill out the form below or give us a call.

Rents are going up at about the same rate sales prices are. Rents have increased around 7 to 8 % over the last year. So, yes now is the time to turn your home into a rental home if you’re considering selling or to go ahead and make that purchase and get the maximum rent out of your investment. In fact, right now we have real estate investors from around the world calling interested in this market. Believe it or not they are not buying fix it offers they are buying really good homes, quality homes and turning right back around and renting those homes and holding on to them long term. They have decided that the Newnan, Georgia market is a very strong one and yields a very good return.

A significant contributing factor to this markets success would include the healthcare industry. The healthcare industry in Newnan consists of Newnan Piedmont Hospital as well as the cancer treatment center. There are also a number of new clinics and supporting offices in the area let’s support these facilities. We are experiencing doctors and nurses and technicians moving to the area at a record pace. These folks have been great tenants. Many could buy a home and have a really good credit and excellent income, but just want to get to know the area before they make a purchase.

There are other flourishing businesses they’re bringing folks in also. The great school system the convenience to downtown Atlanta and of course interstate 85 all paves the way for a great little market now and into the future. If you’re interested in finding out how you could purchase a rental home or if you’re ready to find out more about our property management services just fill out the form below or give us a call.

 

There are a number of reasons why the Newnan rental market is a landlord’s market. Primarily there are only five four bedroom properties available to rent in all of Coweta County. Just think about that only five four bedroom properties countywide. There are only 18 total properties on the market for rent at this time. This is really an incredible number there’s just not enough properties on the market to fill the demand. It’s definitely a landlord’s market.

There are about 130,000 people that live in the county and about 75 % of those households are home owners so by default 25% are tenants. The numbers say the average household size is almost three people so this breaks down to close to 11,000 active leases countywide. So, as you can see with only 18  155greenville

total vacancies the new people moving into the county each day Newnan especially is becoming a very attractive market for real estate investors.

Rents are going up at about the same rate sales prices are. Rents have increased around 7 to 8 % over the last year. So, yes now is the time to turn your home into a rental home if you’re considering selling or to go ahead and make that purchase and get the maximum rent out of your investment. In fact, right now we have real estate investors from around the world calling interested in this market. Believe it or not they are not buying fix it offers they are buying really good homes, quality homes and turning right back around and renting those homes and holding on to them long term. They have decided that the Newnan, Georgia market is a very strong one and yields a very good return.

A significant contributing factor to the success of the Newnan rental market would include the healthcare industry. The healthcare industry in Newnan consists of Newnan Piedmont Hospital as well as the cancer treatment center. There are also a number of new clinics and supporting offices in the area let’s support these facilities. We are experiencing doctors and nurses and technicians moving to the area at a record pace. These folks have been great tenants. Many could buy a home and have a really good credit and excellent income, but just want to get to know the area before they make a purchase.

There are other flourishing businesses they’re bringing folks in also. The great school system the convenience to downtown Atlanta and of course interstate 85 all paves the way for a great little market now and into the future. If you’re interested in finding out how you could purchase a rental home or if you’re ready to find out more about our property management services just fill out the form below or give us a call.