Real Estate Information

We are asked all the time "How is the rental market in atlanta?". Well the answer is "Great" in some areas, "good" in others and "we're seeing rent decreases in that area". Be sure to check out AtlantaRentalComps.com in order to receive a free Atlanta rental comparable report for your area.

With mortgage qualifying harder these days we see tenants with strong careers and great salaries unable to obtain financing for a mortgage. These people in particular make fantastic tenants. They always pay their rent on time and they treat your home as if it were their own so you the landlord can in turn pay your mortgage and reduce the amount of maintenance or repairs. The trend for these tenants are typically 4 or more bedrooms and a good school district.

High distressed property rate in some areas of metro Atlanta is factor that could bring your net rental proceeds down - distressed means either a short-sale or a foreclosure. Many neighborhoods in Atlanta have a distressed rate of over 80%. Which mean there are going to be some good deals to be had but, this also means more immediate competition and diluting your quality tenants. Investors find themselves reducing their asking rental price in order to limit vacancy time and typically carpet replacement and interior paint are the main repairs that are needed at the end of a 2 or 3 year lease.

The good areas are the lower priced homes 3 to 4 bedrooms in areas that do not have a high distressed property rate. Rental rates are typically $900 - $1100 per month. Tenants are typically stable occupants for appoximately 5 years and your maintenance repairs are less. 

Investors listen up... There are a lot of great buys in the Atlanta real estate market. Houses are selling low and interest rates couldn't be better. Maybe now is a good time to add to your portfolio or buying your first rental. Remember, the best deals are not always the best investment. Pay attention to where you are picking up properties. Wego property management is always happy to point you in the right direction and can see you through from contract-to-closing-to-tenant. Contact Wego Property Management, we have unparalleled access to Atlanta bank owned homes many of which would make great rentals. 

Wego property management is proud to announce partnering with Rialto Capital Management. 

Rialto Capital Management, LLC, a wholly owned subsidiary of public homebuilder Lennar Corporation, is a leading real estate investment and management company focused on distressed and value-add investments and asset management, workout and turnaround strategies.

Rialto was founded in 2007 by the former co-founders of LNR Property Corporation, which also began as a subsidiary of Lennar. LNR was spun out in 1997 as a separate public company and then was sold to a private equity firm in 2005.

Since late 2009, Rialto and its affiliated entities have invested in or commenced the workout and/or oversight of billions of dollars of real estate assets, including distressed commercial and residential real estate loans and properties, as well as mortgage backed securities. These investments and management responsibilities include partnerships in over $3 billion in structured transactions with the Federal Deposit Insurance Corporation and as a sub-advisor and investor in a $4.5 billion Public Private Investment Fund with the U.S. Department of the Treasury.

Rialto is also the sponsor and investor in a private equity fund for investment in distressed and value-add real estate related investments. Rialto has secured capital commitments totaling over $700 million in its final close in November 30, 2011.

Wego provides property management services and portfolio assessment/reporting for Rialto Capital. With Wego's strong customer presence this will be an extremely successful partnership. 

Thank you to everyone at Rialto for believing in Wego!

Most assets will be available for purchase. If interested please contact us immediately or visit GaHomeForeclosures.com

Well 2012 is here already and time and time again our clients have discovered that hiring Wego is a solid financial decision. Because of our experience, proven management processes and aggressive marketing we’re able to save you money and deliver real value.

atlanta: Over the past 5 years during one of the most defistating real estate crashes we've ever seen. Property owners have fell subject to huge financial losses with their real estate investments. Two major factors have contributed and inhibited owners from prospering from their rental properties.

1. Poor property maintenance and upkeep. Many Atlanta owners and investors aren't actual residents of Atlanta. Routine maintenance is neglected and issues with their real estate investment suffers. A national survey suggests that the average home owner invests $2000 to $3000 dollars a year on maintenance and improvements.

Atlanta investment property management owners are choosing less desirable rental properties without doing the proper research and making the necessary repairs. Serious losses can be avoided by investment property management owners if the rental houses are brought up to a higher standard. Thus creating a more stable tenants and ultimate positive cash flow for our investment property management owners.

2. With the overwhelming number of foreclosures in Atlanta, many owners and investors have chosen to place tenants without doing proper screening and background checks. Placement of poor tenants causes a substantial financial loss for property management owners. Loss of rental income from non-payment and from excessive damage to property is a direct hit to real estate values and cash-flow.

The best way to overcome obstacles and control loss is to hire Wego Property Management an Atlanta property management company. Wego property management will do proper research on your Atlanta investment property and handle all repairs and rehab to insure that your investment property is in the best possible condition. Wego also does an extensive background check and places only qualified tenants. Reducing your risk and promoting cash-flow for your property is our key objective.

Wego is the premier property management company in Atlanta. Chosen for our reliabilty and professionalism. Owners, investors and apartment complexes have chosen Wego Property Management as their partner to handle the most complex assets. You should too.

Experience the difference in real estate Management

Why choose WEGO over traditional management firms?
With the cost of making a mistake so high, it is critical that investors, and landlords select a proven, reputable partner. Even if you do not select WEGO as your provider, do your homework! Read online reviews and talk to other companies in the industry to make sure you are selecting a firm that maintains a consistently satisfied client base. You will quickly find that there are drastic differences in client satisfaction and performance across the management industry.

About WEGOTEAM.com
In the small to mid-sized market there are
a wide range of companies offering
management solutions. We understand it can be difficult to select the best solution when it seems all management firms are promising the same thing.

Luckily there is a telling aspect of companies that even the best sales person cannot affect: reputation. Based on the experiences of the investors and landlords that have come before you, the industry reputation and track record of a company will show if the firm produces consistent results as promised or if they are simply "selling" a solution without the ability to make their clients truly successful.

At WEGO, not only have we made client
satisfaction our top priority, we prove it by offering the industry's first "easy out" contract. We do not believe in forcing our clients to utilize our services by relying on legal paperwork.

We are proud to say that each and every client in the WEGO family remains with us by choice. We prove our value every month by producing measurable results and the industry's top customer support.

Reasons WEGO leads the way in residential rental homes,
apartment complexes and condominium management

• Our solution is specifically designed for small to midsized investors, investor firms,condo complexes, apartment complexes and individual landlords
• The services and resources you need with none of the expensive "extras" you don't
• Unparalleled service and support
• Clients are not required to use our maintenance and repair services
• Lowest fees; 8% Monthly Management

The first time home-buyer tax credit dead-line is coming to an end on April 30, 2010. The Worker, Homeowner and Business Act of 2009 extended the dead-line from November 30, 2009 to April 30, 2010.

The tax credit is a value of $8000 if you have not owned a primary residence within the past 3 years. So even if you owned a home back in the early to mid 2000's when the atlanta real estate market was thriving you can still qualify for the homebuyer credit. The IRS has posted income restrictions as well. Single filers adjusted gross up to $125,000 and Joint filers up to $225,000 will qualify for the tax-credit.

What happens if you enter into a contract on April 30, 2010? Do you still receive the credit? The answer is yes - so long as you close on your new home by June 30, 2010. Members of military will have one extra year to claim the credit (April 30, 2011)

So if you've been looking for a new home and have yet to "pull the trigger" on your decision making process. Now is the time. Atlanta real estate prices have never been so low and now a tax credit is the proverbial "icing on the cake".

Will the tax credit be extended again? Of course this is possible but, we've spoken with many of the Atlanta lending institutions and mortgage companies and the consensus seems to be that there will not be another extension. So again, if buying a home is in your plans, hurry. Time is running out.

More information from IRS First time Homebuyer Tax Credit

Whether you are a seasoned investor, owner occupant or just looking at different possibilites in the atlanta real estate market. Here are some fantastic opportunities that you can not afford to miss. Every now and then WEGO property management comes across amazing deals that are usually too hard to find. We only post the best deals and a typical savings is 25% off of today's market value and sometimes more. To inquire about any of our investment opportunities send email to assets@wegomanagement.com 

Follow this link to search for all atlanta investment properties and bank owned homes in Atlanta and greater Atlanta area.

Click here to Learn how to Generate Positive Cash Flow for investment properties and rental properties.

This Atlanta investment property would make for a great investment . It's located in the Kings Mountain subdivision in Conyers, Ga. Features of this home include an updated kitchen, huge master bedroom with private bath, fireplace and hardwood floors throughout. Full finished basement and tons of square footage make this a gem of an Atlanta investment property. - SOLD

This Atlanta investment property would make for an excellent owner occupied home. It's located in Heron Bay Country club. Call for a full list of details.

Jonesboro, Ga 30236 4 Bedroom 2 Bath - SOLD

Hampton, Ga 30228 3 Bed 2.5 Bath - Investment Property - SOLD

 Stockbridge, Ga 3 bed 2.5 bath. Investment Opportunity - SOLD

 Covington, Ga 5 Bed 3 Bath - Investment Opportunity - SOLD

Covington, Ga 4 Bed 2.5 Bath - Real Estate Investment Opportunity - SOLD

  Stockbridge, Ga 4 Bed 2.5 Bath - Real Estate Investment Opportunity - SOLD

Covington, Ga 5 Bedrooms 3 Baths - SOLD

Stockbridge, Ga 3 bed 2 bath in great shape. Appraised value $118,000.00

YOUR COST $95,000.00 - SOLD

Hampton, Ga 4 bed 2.5 bath in great shape. Appraised value $195,000.00

YOUR COST $156,000.00 - SOLD

McDonough, Ga 3 bed 2 bath 1+ Acre in great shape. Appraised value $125,000.00 - SOLD

McDonough, Ga. Eagle's Landing Country Club 4 bed 2.5 bath. Appraised value $424,000.00 - SOLD

YOUR COST $355,000.00

Equity $69,000.00

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

n  www.wegoteam.com

Georgia Homeowners Moving to Green Alternatives

The age of corrosive building materials in construction is coming to an end. In the Georgia real estate market, there are a variety of issues worth considering. Used for millennia as a form of building insulation and piping, homes built prior to 1980 may contain asbestos. When purchasing or remodeling property, citizens are adopting green alternatives to asbestos and other hazardous materials.

Although manufacturers of asbestos knew about the dreadful affects of its product, it was used in millions of homes and buildings throughout the 20^th century. Asbestos can be a problem for homeowners due to causing a variety of lung diseases, such as mesothelioma. With no mesothelioma cure, there is limited treatment and poor prognosis for patients. Developed through exposure to asbestos fibers, the number of mesothelioma survivors are unfortunately few, far and between.

The Georgia Environmental Protection Division enforces rules based on Georgia statutes. The GEPD is committed to protecting the public from exposure to asbestos-containing material. Asbestos materials can be legally performed by homeowners, regular contractors, or licensed asbestos abatement contractors. Asbestos removal is an extremely delicate and hazardous operation, so removal in homes, buildings and public workplaces must be performed by an abatement contractor.

Once you are asbestos free, green alternatives should be seriously considered. The United States Green Building Council (USGBC), in a study conducted in 2003, estimated a savings of $50-$65 per square foot for well-constructed green buildings in the U.S. (see table below) during that year. Green options such as Cellulose, Cotton Fiber and Lcynene allow for a clean, healthy home, free of health damaging materials.