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Updated over 1 year ago on . Most recent reply

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Ricardo Riveros
0
Votes |
6
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Real estate agent specializing in investments

Ricardo Riveros
Posted

Hi all, this is my first post here. I have a few Ltr's but looking to dip into str's starting in my home state. I was wondering if anyone in Georgia has worked with a good agent that has extensive knowledge of the investment market for short term rentals. 

Any help is appreciated. 

Thanks

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Ben Firstenberg
  • Investor
  • Cleveland
241
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247
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Ben Firstenberg
  • Investor
  • Cleveland
Replied

Hey Ricardo, as @Michael Dumler said, STR is tricky here in the metro. The market has really saturated due to high supply. You may have luck in the mountains, as you indicated but in my experience the prices up there are extremely high.

Whenever clients come to me asking about AirBnB and STR, I always recommend Padsplit as an alternative. Many on here are familiar with the platform, as it's a great way to juice cash flow and the city looks much more favorably on it than AirBnB since Padsplit provides much needed affordable housing.

The purchase prices are cheaper, the supply/demand ratios are much more favorable, the cash flow is higher and more reliable and you can take advantage of the massive growth Atlanta is expected to see in the coming years and decades. 

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