Frequently Asked Questions
About Investing In Atlanta Real Estate With ALH|Podland Rental Homes
We'll get right down to business, as investors ourselves, these questions is what we'd like to know first and foremost about Investing In Atlanta Real Estate.
What is my total cash out of pocket to purchase a property?
Our transactions are “all cash”. The exact amount will range from $75,000,000 to $200,000 plus closing costs.
What is included in your typical renovation?
• New carpet and laminate flooring as required*
• New paint inside and outside as needed
• Updated kitchen cabinets as needed
• (sometimes, the fronts are replaced for better aesthetic appearance and higher rental value)
• Updated bathrooms as needed
• Granite counter tops in kitchens and baths, if applicable
• (we strongly recommend as it increases the rental rate that we are able to secure for your property)
• New Appliances- refrigerator, stove, dishwasher
• New HVAC as required
• New Light Fixtures, as required
• New door hardware, stops and switch plates as required
• New hot water heater as required
• Update the electrical panel, as needed to make sure it meets code requirements
• Install wireless security monitoring system
• Freshen up the landscaping
* we strongly discourage use of carpet in the properties for two reasons: 1. it stains and damages too easily; 2. will require to be changed every couple of years and thereby will increase your maintenance costs on a continuous basis. Also, using laminate flooring, increases the amount we charge for rent as it sets apart (in yet another way) our properties from the competition.
Who performs the renovations on the properties?
Our sister company, Atlanta Legacy Homes, Inc, a Georgia licensed residential contractor, does all the renovations on each property. Their capability is to run three project crews for our home renovations simultaneously.
Who performs maintenance on the properties?
We use Atlanta Legacy Homes Inc as our main contractor and they provide all the necessary trades not covered by our in-house maintenance personnel.
Can I actually see the property before I purchase it?
Yes, we encourage our investors to see the property in person. If you are out of state or out of the country, we are more than happy to have you fly into Atlanta and show you the properties.
Who places the tenants in these properties?
We have full time leasing agents that work directly with us to place tenants in our properties. Our website, www.alhpodland.com is one of the best websites in Atlanta for Renters. Our online scheduling system allows for fast response to rental inquiries and pre-qualifies potential tenants to reduce the properties time on the market. Our marketing system distributes the rental listings to over 55 rental and real estate web sites in the U.S. and generates large amounts of rental leads.
How many properties can I buy?
This will really need to be determined by you and your access to cash. Most investors we deal with are all cash based and buy as many investment properties as they can afford.
What happens if I lose my tenant?
We offer a Six Months guarantee on tenants placed by ALH|Podland Rental Homes. If a tenant moves out during the first six months for any reason, ALH|Podland will find you a new tenant at no charge to you. If a tenant moves our after the period of a guarantee, we will quickly begin to advertise your property to place another well screened tenant. Our goal is to have all vacancies filled within 30 days at most. With that being said, due to economic circumstances, our period to rent is about two weeks.
Who manages the properties?
ALH|Podland Rental Homes manages all the properties, we do all marketing, showings, screening and placement of tenants. Once the tenant is in place, we continue to manage the property and the tenant making sure that we generate consistent income for you and maintain your property so that the value of the property is always increasing.
For more information on our Investing In Atlanta Real Estate programs, please call us at 404-937-1850.
