Owners: 404.937.1850
Prospective Tenants: 770.783.3737

Property Management Blog

Blog for Real Estate Investors, Landlords and anyone interested in rental homes property management, real estate investing and landlording on tips, trick and how-to's of managing and investing in residential real estate.

Mistakes Investors Must Avoid – Professional Property Management in Atlanta

Web Admin - Wednesday, November 04, 2015 - 0 Comments

Mistakes Investors Must Avoid – Professional Property Management 

Today we’ll be talking about mistakes that investors should avoid. The economy has been volatile for a few years. The stock market took a major nosedive, foreclosures were rampant and unemployment rose to all-time highs in some areas. However, the market has good opportunities and for some people, now is an excellent time to buy investment property due to the decline in housing prices. It can be easy to forget to watch for investment pitfalls, even though it’s a buyer’s market. If you are thinking about purchasing rental property, avoid the following mistakes.

Research and Education

Purchasing a rental property without educated research is a major misstep. Consult the professionals, including a knowledgeable real estate agent, your property manager, a reputable mortgage broker and other parties who can give you realistic values. Do your own research so you can ask intelligent questions and you’ll know when you’re receiving bad information. For example, consulting a real estate agent who doesn’t know the rental market is a disaster waiting to happen. It’s easy to project a positive return on paper while using inflated figures. Ask your property management company to investigate rents and expenses before you purchase the property.

Missed Opportunities

Waiting for the market to bottom can cause missed opportunities. You can make intelligent investments in any market. Unless you have a crystal ball, it’s hard to tell when the market will rebound or bottom out. When prices start moving up, you can still purchase a good investment.

Long Term Planning

It’s not realistic to think you won’t hold onto a rental property as a long term investment. It’s possible to buy a property and flip it, but it often takes holding the property for 10 years or more to get real benefits. The yearly tax benefits while owning the property are a good reason to hold onto the home. Unless you reinvest profits from a short term rental, you might have tax consequences.

Maintenance Calculations

Expecting no maintenance or minimal maintenance is a mistake. Consider how much maintenance goes into your own residence, and you’ll realize rental property goes through the same wear. Even if you have the best tenant on the planet, you need to maintain the property or your investment will suffer. Remember this is normally a long term project, so your roof, fencing, paint and carpet will have their own lifespan and need budgeting. Consider how you will cover maintenance expenses and replacements.

Hobby vs. Business

Not treating this as a business is the biggest mistake of all. Be realistic, not emotional. As with all businesses, there are ups and downs and accepting this makes a difference.

As your property management company, we are here to help you with any questions you might have about potential rental property. In any housing market, there are opportunities for investors. Contact us at ALH Podland to learn more.

Marina Shlomov, a managing partner at ALH|Podland Realty & Rental Homes Property Management is the author of many articles on Landlording, Property Management, and Real Estate Investing. A residential builder in the state of Georgia since 1999, Marina is an investor herself. Her property management company is intended “For Investors” and “By Investors” for a simple reason – she knows what investors’ goals are and she works hard to reach their goals. In her spare time, Marina likes to spend time with her family, friends, garden, read and travel. Check her out at www.alhpodland.com. You can find Marina’s articles and comments at @rentalhomesatl on Twitter, on FacebookGoogle+, Blogger. and YouTube, Bigger Pockets and REI CLub and LinkedIn.



Subscribe to our mailing list

* indicates required

See What’s Trending On Twitter:

Recent Posts


Contact us for all your Property Managment & Rental Home Needs

Get Started

Atlanta Property Management
"For Investors" and "By Investors"

Quality Rental Homes and Atlanta Property Management offered by ALH|Podland Realty & Renal Homes Property Management.

Corporate Office:
1084 Meadow Club Ct., Ste. B2
Suwanee, GA 30024

Atlanta Office:
1201 Peachtree St.
400 Colony Square
Suite 200
Atlanta, GA 30361

Decatur Office:
160 Clairemont Ave.
Suite 200
Decatur, GA 30030

Main Office: 404.937.2827 
Rental Inquires: 770.783.3737
Owner Inquires: 404.937.1850

All Rights Reserved. © 2017
ALH|Podland Realty & Rental Homes Property Management.

Sitemap | Contact Us | Privacy Policy
Independent Contractor Agreement
Agent Application | Partner Application
Submit Contractor Invoice | Job Application

Submit Contractor Invoice
Property Inspection

Angies List Review Us Link
Check Us Out on Yelp!
Share Us on Google+
Follow ALH|Podland Realty & Rental Homes Property Management's board Investors/Owners on Pinterest.

Atlanta Property Management Website powered by Freerentalsite.com
Tenant Screening by LeasingDesk | Real Page | Online Showings By ShowMojo |Atlanta Property Management Services by Propertyware.com, A Real Page Company. | BiggerPockets |Rentals.com | Market Leader | Consumer Choice Awards |
Recommended Locksmith