Property Management in Lawrenceville, Georgia
17-08-2017

I have been managing rental property in Lawrenceville, Georgia for nearly two dozen years. Never before has the market been so strong for rentals. The same is true for home sales as well. This is not great news for renters or home buyers because the cost to rent or purchase has risen to new highs. The problem from the consumer’s perspective is that, while these costs have soared, wages have remained fairly flat. This challenges many household budgets.

From the perspective of a professional property manager in the Lawrenceville, Georgia market area I couldn’t be happier. Even though units are expensive to rent, there really is no alternative. The condominium rental market is equally competitive to single family homes. But to make matters worse for renters, many condominium associations are enacting rules that prohibit its members from leasing. Buying is an option but many folks either can’t afford that or just prefer leasing.

The economics of the current rental marketplace play well into the hand of investors. That’s good for property managers because investors need us to help manage their assets. We can expect that this trend will change at some point. Just like the stock market, the real estate market is cyclical. It always has been and probably always will be. It could be next month or in five years when it next recedes. Nobody can know this. In our

We can expect that this trend will change at some point. Just like the stock market, the real estate market is cyclical. It always has been and probably always will be. It could be next month or in five years when it next recedes. Nobody can know this. In our firm, we are okay with it either way it goes. The way we are set up since we also do real estate sales, we are prepared for any market conditions. For example, back during the 2008 recession, our property management business boomed. As the sales market recovered, we found opportunities in selling much of our management inventory. There were many homeowners back in those times that could not afford to sell because pricing had fallen so low. Many of these homeowners chose the rental market as an alternative.

We refer to those homeowners as reluctant landlords. They didn’t really like the idea of becoming a landlord, but there really was little choice in the matter. As soon as the market rebounded enough, they were ready to sell. We got the chance to help many of them with this mission. Interestingly, some of those reluctant landlords found that they like being landlords and that led to them purchasing more homes as an alternative to investing in an anemic stock market. If you are looking for property management in the Lawrenceville, Georgia area we would love an opportunity to talk to you about that. We’ve learned how to do that pretty well over the years. Best of luck to you in the real estate market!

If you are looking for property management in the Lawrenceville, Georgia area we would love an opportunity to talk to you about that. We’ve learned how to do that pretty well over the years. Best of luck to you in the real estate market!

Please give 3 Options Realty a call and we can discuss any investment objectives you may have - 678-397-1282.


Daniel R. Wilhelm
Managing Broker
3 Options Realty, LLC.
http://www.3optionsrealty.com
678-397-1282

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