All Forum Posts by: Loretta C.

Hi there, I became a landlord by default 6 years ago when I couldn't sell my house in a the candler park area. I have had a good stream of renters, but with the huge increase in taxes I had last year, I'm definitely not cash flowing now. My payment is 3000, and I'm having a hard time renting at 3300 (it has been vacant for one week). I'm wondering if I should hang on, given that it is a hot area,or if I should dump it and buy a cash flowing property in an investment area. I have no attachment to the area. Any thoughts would be appreciated. Thanks Loretta

Thank you for your reply, @Derrick Lu

Hi, I have a property in the Candler Park area in Atlanta and I would like to investigate the options for a professional property management company. Can anybody recommend a reputable company?

Hello, 

I've heard that rent prices have surged for intown neighborhoods. What is the range for rent for a 3/2 single family home (2000sq ft) in Candler Park, nice backyard, walking distance to Mary Lin, backing up to open space? 

Also, my tax bill nearly tripled since last year - what is going on? 

Thanks,

Loretta

I was wondering the same thing! Moving to North Philly from California.

Dear Steve and Jo-Ann,

Thank you for the warm welcome! I fell into real estate in 2007 when I realized that my then-fiance owned two empty homes in the greater Los Angeles area (Pasadena and LaVerne), and he did not have the emotional energy to empty them (difficult family situation; deceased parents), so they just sat there, in gross disrepair. (At one point, I am pretty sure that some crackheads were living in one of them!)  I took out a massive loan, stripped them down to the studs, and made them both gleaming properties, which are now cash-flowing beautifully. One is a long term care facility for seniors (operated by the renter), and the other is a historic bungalow. We picked up a third property as well. Now I am looking to invest in an apartment building. I have a great property manager, and would love to find an apartment in the San Fernando Valley or Santa Monica area, but not sure about the returns. I am also debating picking up a property in an area with better returns such as Arizona, Georgia, or Texas. I am moving to Pennsylvania soon, and will be assessing the markets in the mid-Atlantic region (Delaware? Pittsburgh? Philadelphia?).  We will see. I am thrilled to have found this forum,and I love the podcasts. Thanks for the information.

Sincerely,

Loretta

Hello, I currently live in California, and I aspire to own an apartment building one day.