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Updated 3 months ago on . Most recent reply
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Rent Estimate for Buckhead Condo - New Construction
I would like to know potential rent estimate for a Condo ( 2BD, 2.5 BH) in Buckhead, Atlanta GA 30305. The Condominium is high rise new building w/ high service luxury amenities including concierge services, valet parking etc. Please advise on the target rent $ to be listed out.
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While BP has a rent estimator as does rentometer.com (both allow a few free uses, I believe), I agree with @Zachary Deal that your best bet is to seek out guidance from either the listing agent or a property manager well-versed with the area.
One thing to watch out for is that Atlanta has significant short-term rental restrictions in place, and while Buckhead is trying to secede from the city of Atlanta's governance, it has not been successful in doing so. That wouldn't be a deal breaker as we are in the MTR forums, not the STR ones. However, a lot of condominium communities have clear guidelines on rental restrictions that often prohibit leases less than 6 or 12 months.
Before paying for a really nice high-rise, please make sure you will be able to monetize it the way you'd like prior to purchase.
Best of luck. I am an Atlanta native (yes, there are a few of us), and I think Buckhead has good days to come.