ATL Property Manager

06/22/2023

This is the perfect home for a first time home buyer or even an investor on a buy & hold. The Westside Beltline access point is a half mile away and they just started construction on it.

https://www.zillow.com/homedetails/1329-Eason-St-NW-Atlanta-GA-30314/35844774_zpid/?fbclid=IwAR2qpKMulm5Ge7QonCX-oaxVJfZpoL5J-ovKU98n6D9NlqWWrfsmn5jSl0I_aem_th_AV-kNke2jKYfgSPc62DJdjtJYUyYoluZ1XJQMyHiZ7btKu9C7QV42iIK0WTiwDMQ9iQ&mibextid=Zxz2cZ

For sale This 1080 square foot single family home has 3 bedrooms and 2.0 bathrooms. It is located at 1329 Eason St NW Atlanta, Georgia.

05/25/2021

A final recap of our first BRRRR:
Buy: 103k August 14th
Reno: 77k
Rent: $1600
Refi: 267k appraisal. (75% LTV)

All in all we would consider this a huge success. Got all our money back on the refi + some for reserves along with still maintaining positive cash flow even if $100 or so a month.

Pros:
We have a fully renovated property, cash flow renter, $0 out of pocket costs, helped improved a abandoned home into a great place to live, and more

Cons:
No real con other than the stress eating and grey hairs. We learned A LOT! Took us 7 months reno, 8 months to get a renter, and 9 months to complete the refi.

We have 2 more coming up! Would love your feedback on the above or if you have questions. We are not experts so we are learning by taking action, but happy to answer any questions.

04/05/2021

Before & After: After system upgrades (plumbing & hvac). We did new paint, new flooring, and turned a foyer into an additional bedroom by adding doors.

All the above 👆 = value adds

Renter moved in April 1. We used Atlanta Housing Authority (S8). So far, we like the program. Have questions about it? just DM us.

Refi coming middle of May. Stay tuned.

03/25/2021

The Jumanji BRRRR house: Appraiser: March 30th
Renter: Moving in 4/1.

Final numbers & recap vid to come soon.

03/17/2021

Need a home to rent in the city? We got you! Msg us.

What’s Atlanta have in common with Des Moines, Iowa and Boulder, Colorado? Not much, frankly.

03/12/2021

Our bedroom BRRRR transformation. This was originally a 2 bedroom home. The room with the fireplace (which was covered) was a bonus room turned 3rd bedroom.

Tell us what ya think?

03/12/2021

Our kitchen is finally done on our first BRRRR. Next up, Rent! Refi! And Repeat!

01/19/2021

New Rental Property:
Follow our story for our BRRRR numbers & more info.

🏡 Listed 2 bed 1 bath 1,510 sf.
🏡 After repair: 3 bed , 2 bath, updated open concept kitchen, hvac, electrical, cosmetic & appliances updates, and more.
🏡 Will be a 5 min walk to the Westside beltline.
🏡 Hitting the rental market end of March. Msg for details.

10/02/2020

Making some progress this week on turning this bonus space into a 3rd bedroom.

08/24/2020

Day 1 of clearing, cutting, and cursing the lawn. Not sure if the backyard ground had seen the light of day in 5+ years.

07/31/2020

We love our multi family home in the Grove Park community. The housing choice voucher program is a great tool to find good renters. Msg us for details if you’ve never used the program as a landlord, but maybe interested.

07/30/2020

We like to have multiple strategies with our properties. This was a Airbnb cash cow being close to GT, Mercedes Benz, and downtown convention center...until Covid-19.

Now it’s a monthly rental, fully furnished, still almost hitting the 1% rule. It is also helping a family in need of quick housing during difficult times.

We are more than just investors and property managers. We are human beings wanting to help others. Given the continued struggle within the hospitality industry we came up with payment structure that worked for the tenant, ourselves, and we even chip in on the landscaping as it’s good to get a little 😓 from time to time to help them out.

With all that said above this property is still in line with our in-town strategy of purchasing near current & future Westside & downtown amenities.
@ Downtown Atlanta