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Updated almost 8 years ago on . Most recent reply

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Cindrell Harry
  • Rental Property Investor
  • Atlanta, GA
12
Votes |
9
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Vacation rentals in Georgia

Cindrell Harry
  • Rental Property Investor
  • Atlanta, GA
Posted
I recently saw a post dated a year ago about someone inquiring about investing in vacation homes in atlanta. to my surprise..several of the investors made the statements that atlanta should not be considered a vacation area. My husband and I tested this theory by converting one of our atlanta based homes to a " vacation" rental using the airbnb platform. so far it's exceeded our expectations by posting an average of 60-65 percent vacancy rate ( which is during non peak months). We were previously making $860 monthly on this particular home, which included $50 lawn care. Now, on average we are taking in around $2800. After expenses we are profiting around $1900 to $2000. Needless to say we are quickly converting the other rental homes to follow suit. We are finding a majority of the travelers come to Atlanta year round various conferences...getaway trips...concerts..family vacations etc.. Has anyone else had similar experiences with supporting vacation rentals? by the way this home is not located in, what is considered prime areas ( midtown, buckhras, or even near colleges).

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3,280
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Michaela G.
  • Investor
  • Atlanta, GA
3,064
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3,280
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Michaela G.
  • Investor
  • Atlanta, GA
Replied

@Anna Watkins , yes, my last duplex in our artist community is being renovated. One side will be a 'steampunk cottage' and the other one 'zen cottage' with Asian influences. Everything's fully fenced and gated and safe. They can come right from University and don't have to drive past any boarded up houses to get to us. 

And then I bought a little house diagonally across from the community - vacant lots on either side, that are regularly mowed, and new houses across the street. Cute little 2/1 and I don't know yet what kind of theme I'll use - I'm thinking 'tropical'.  There are so many airbnb that I'll do what I can to stand out.

Location is really great, because it's right off the freeway, 2 miles south of Downtown and people can use Uber, if they don't have a car and can go every where in town for a few dollars

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