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Old 03-16-2010, 01:35 PM
 
47 posts, read 67,740 times
Reputation: 12

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I am looking to move to the atlanta area in a little voer a year. Just trying to get a head start on checking things out. Anyone have any apartment complexes they reccommend in the following areas?
Buckhead
Druid Hills
Midtown
Sandy Springs
Dunwoody
Decatur

We are looking to get a 2 bedroom, 900+ sq ft for under $825 if possible.

thanks!
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Old 03-16-2010, 02:23 PM
 
Location: Atlanta, GA
482 posts, read 824,029 times
Reputation: 165
I lived at Valleybrook Crossing for a few years way back in 2000. It's in Decatur right off of Lawrenceville Hwy / Druid Hills Road. The size of the place and location is pretty good for the price. Each bedroom has it's own bathroom and there's a screened in porch.

Valley Brook Crossing Apartments For Rent in Decatur, Georgia - Apartment Rental and Community Details - ForRent.com
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Old 03-17-2010, 08:48 AM
 
8,862 posts, read 8,773,494 times
Reputation: 2280
You may want to contact ProMove Apt Locator service.

From your list I infer that you might be interested in the 'Emory' area. There are a number of apt complexes in and around the Clairmont/LaVista/N.Druid Hills Rd area---this might also be called 'North Decatur'.
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Old 03-22-2010, 10:47 AM
 
47 posts, read 67,740 times
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thank you for the responses! I just found out about promove. I will submit an inquiery to them. One thing I am worried about is our credit. My husband has been out of work and as a result we have developed some debt. So now Im worried we will be moving and not be able to get into a complex because of it.
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Old 03-22-2010, 11:10 AM
 
Location: Atlanta, GA
482 posts, read 824,029 times
Reputation: 165
I think the credit thing could be an issue, but more likely they'll be worried about if you have enough income to pay the rent every month. There is a formula for landlords to use to figure if you make enough to pay (and they'll lean on that number more if you credit is a little messed up). They'll aslo take into consideration how long you stayed at your previous address and what kind of review you previous landlord gives you. This is taken from the Fannie Mae landlord guide.

Housing Expense Ratio (33%)
Example:
Total Gross Monthly Income: $3,000
Multiply by 33%: x .33%
Benchmark: $990

Total Debt Ratio: (38%)
Total Gross Monthly Income: $3,000
Multiply by 38%: x .38%
Benchmark: $1,140

I'm mentioning this because I've been forced to be a landlord now from the horrible housing market. I can't sell my house without loosing a lot. I can't even break even. The reason landlords do this is also because they don't want to get stuck having to pay the mortgage on a place with renters that aren't paying. I've had to deal with this situation and lost 4 months of rent to non-payers. Often a scam people do here and other places is to pay the first few months of rent and then not pay until they get evicted (usually takes months here in Georgia). You might be better off if you can find a landlord that owns the property directly though. I know rental places that are owned by corporations are going to much much more strict on who they let in. Some places even require you to have an income of at least twice the rent amount per month per person.
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Old 03-30-2010, 03:23 PM
 
47 posts, read 67,740 times
Reputation: 12
Quote:
Originally Posted by sjuraud View Post
I think the credit thing could be an issue, but more likely they'll be worried about if you have enough income to pay the rent every month. There is a formula for landlords to use to figure if you make enough to pay (and they'll lean on that number more if you credit is a little messed up). They'll aslo take into consideration how long you stayed at your previous address and what kind of review you previous landlord gives you. This is taken from the Fannie Mae landlord guide.

Housing Expense Ratio (33%)
Example:
Total Gross Monthly Income: $3,000
Multiply by 33%: x .33%
Benchmark: $990

Total Debt Ratio: (38%)
Total Gross Monthly Income: $3,000
Multiply by 38%: x .38%
Benchmark: $1,140

I'm mentioning this because I've been forced to be a landlord now from the horrible housing market. I can't sell my house without loosing a lot. I can't even break even. The reason landlords do this is also because they don't want to get stuck having to pay the mortgage on a place with renters that aren't paying. I've had to deal with this situation and lost 4 months of rent to non-payers. Often a scam people do here and other places is to pay the first few months of rent and then not pay until they get evicted (usually takes months here in Georgia). You might be better off if you can find a landlord that owns the property directly though. I know rental places that are owned by corporations are going to much much more strict on who they let in. Some places even require you to have an income of at least twice the rent amount per month per person.
Thanks for the info! I have been in my current apartment for 4 years and have never made a late payment. Hopefully that can help us!
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