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Updated almost 10 years ago,
Question about rental properties in Atlanta
I live in Los Angeles but am looking to buy an out-of-state multifamily rental (purely for cash flow purposes), and currently I'm looking at Dallas/ Fort Worth, Kansas City, and Atlanta.
For anyone who has a rental property in Atlanta, I would love to learn more about what I might be getting myself into. Particularly:
a) What places are crime-ridden, and should avoid? I've been looking around downtown for the most part. I always see people posting the letter grade (C/B/A) of a community, but is there a website that you guys use to figure the letter out?
b) How is the job stability? Are turnovers and foreclosures high at the moment?
c) As an out-of-state investor, what might I be surprised to learn about Georgia? Any specific laws/taxes that I might be surprised by?
d) Do you have any property management company in place that you really love and could recommend me? Feel free to send me a message (Disclaimer: If you work for or are affiliated with any PM company in Georgia, please do not send me anything).
I would absolutely love it if someone who has bought a rental in Atlanta from out-of-state could chime in here. Thank you