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Updated about 1 year ago on . Most recent reply
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mid term rentals in Augusta, GA
Hi, I'm a novice investor starting the process to acquire my 2nd rental property. I'm considering in Augusta, GA which is two hours away from where I live in Atlanta. Potential for mid term rentals in Augusta seems good. Looking for any advice or insight that would be helpful as I start this process. Would you focus on areas near the medical hub (downtown, Summer Hill, etc) or in booming Columbia county, near the Army base Ft. Eisenhower? thanks in advance
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Hi @Steven Brown Welcome to BP, and congratulations on embarking on your second rental property venture! While I'm somewhat biased towards Atlanta, Augusta is a good choice, especially with its promising conditions for mid-term rentals and STRs.
As for areas, I assited my cousin with obtaining her LTR by Ft. Eisenhower and it was very successful, however for MTR I would suggest areas like Summer Hill and Downtown area.They provide central access to key Augusta attractions and also come with a lower price point (Augusta as a whole). This means you can enjoy the perks of lower taxes while potentially matching the revenue of an Atlanta MTR. As always, assess your budget for travel and maintenance. If you plan to manage it yourself, ensure you have a team in place so that you're not traveling two hours for every minor issue that arises.
Wishing you much success! Feel free to connect or DM for any additional questions.
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