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Old 07-02-2013, 08:42 PM
 
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Rental home company raising $100M, Atlanta largest market - Atlanta Business Chronicle

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Last edited by atlantagreg30127; 07-02-2013 at 10:56 PM..
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Old 07-05-2013, 11:56 AM
 
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93K is the average investment per home. I wonder if that includes rehab costs? I wonder how they affect home values in the neighborhoods in which they invest?
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Old 07-05-2013, 03:00 PM
 
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Originally Posted by jeoff View Post
93K is the average investment per home. I wonder if that includes rehab costs? I wonder how they affect home values in the neighborhoods in which they invest?
Home values go up in the neighborhoods in which they invest because there are fewer properties on the market.
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Old 07-09-2013, 03:29 AM
 
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Have rental companies worked on SFH on this scale in the past? If they are just looking for monthly income, they may choose section8--and that does not always help home values --even introducing regular rentals in owner occupied areas might hurt home values.
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Old 07-09-2013, 04:27 AM
 
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Originally Posted by jeoff View Post
Have rental companies worked on SFH on this scale in the past? If they are just looking for monthly income, they may choose section8--and that does not always help home values --even introducing regular rentals in owner occupied areas might hurt home values.
You are correct. And in some areas, investors (individuals, most likely, as opposed to corporate entities) have turned whole neighborhoods into mostly rental. This does not bode well for the future of those neighborhoods.
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Old 07-09-2013, 04:05 PM
 
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Quote:
Originally Posted by jeoff View Post
Have rental companies worked on SFH on this scale in the past? If they are just looking for monthly income, they may choose section8--and that does not always help home values --even introducing regular rentals in owner occupied areas might hurt home values.
Quote:
Originally Posted by lastminutemom View Post
You are correct. And in some areas, investors (individuals, most likely, as opposed to corporate entities) have turned whole neighborhoods into mostly rental. This does not bode well for the future of those neighborhoods.
It is not necessarily all gloom-and-doom as many of those renters may likely become homeowners after being in those homes for so many years.

Which is supposedly part of the long-term investment strategy of the huge hedge funds, which is to buy the homes at near-bottom or lower prices, hold them as the market goes up and then sell them off at a higher price after the market has a reached a higher point.

Seeing past owner-occupied homes become renter-occupied homes may not be the most-desirable thing, but it is most-certainly much more preferable than seeing a bunch of homes sitting around vacant and decaying, which is the alternative after such a severe economic shock.
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