Real Estate Investor Magazine South Africa February 2014 | Page 48

STRATEGIES
The team on the ground in Memphis is typically
investor-driven and highly experienced, as all of
them own their own investment real estate.

Atlanta, Georgia
Atlanta is the fourth biggest city in the US and its
property market has really grown in stature since
I last visited the city in April 2012. A prominent
feature of the Atlanta property market is the fact
that the properties are much newer than most
other US cities. Many of the houses were built
in the last 10 years, which make these properties
a sensible buy in terms of quality and from a
maintenance perspective.
RJ Palano, head of acquisitions in Atlanta,
who works closely with IPS says: “Strategically
selecting houses in specific areas is a better
approach in Atlanta for long-term performance.
This gives investors sustainable returns in the
right locations.” Palano’s focus is on buying the
right house in the right area, so investors have a
profitable exit plan.
Single family homes built around 2002 in
Atlanta are large, around 1 440 sq ft (140m2),
with three bedrooms, two bathrooms, a guest
toilet, living room, a kitchen and sometimes
basement. Pricing is around $113 000 with
previous sales prices at around $125 000. Monthly
rentals are around US$1 000 per month and
monthly taxes, insurance and management fees
collectively amount to $206 per [۝