The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
Mark-to-Market Accounting is assigning a value to a financial instrument or asset, based on current market price or the fair-value of the asset. The term originated with futures trading a century ago. When taking a position, a trader, would deposit money on the margin to protect the Exchange against loss. At the end of the…
If this is your first experience renting out a home, you may be wondering where to start. We’re here to tell you where to start and what comes next.
Inspecting your Macon investment property is an important part of renting it out. Inspections will document the condition of your property and ensure your tenants are following the terms of their lease agreement. We recommend that you inspect your property annually. This gives you the opportunity to get inside and be sure everything looks good…
Morgan Law, Director of the Houston County Industrial Authority, announced recently that in Houston County, there are currently 157 residential subdivisions either under construction, approved for development, or submitted for approval. This is in light of the information we hear in the national news about the housing bubble. We don’t believe the housing market turmoil…
We often encounter owners who aren’t sure if they should sell or rent their property in Macon. Perhaps you’re moving out of the area for work or you’re moving out of your house into something larger or smaller or closer to your family. Whatever your circumstances happen to be, we can help you determine whether…
There’s something special about waking up here. Whether it’s the sweet scent of magnolia in the air, the sound of cicadas buzzing through the pines, or the promise of a peach-filled treat later in the day, life here moves at its own rhythm—equal parts charm and hustle. From the soulful hum of local music to…
Our Multifamily Portfolio has continued to grow and prosper in the First Quarter of 2007. Our Property Management team has been very busy creating strategic plans of action for three new apartment communities. Our newly added properties include an A+ development in South Carolina, a 22 year-old asset in Middle Georgia, and 212 units in North…
The media has reported that 2016 is shaping up to be a seller’s market. Whether you are looking to buy or sell a home many industry terms can be quite confusing. Let’s explore the terms buyer’s and seller’s markets. The type of market is defined by the amount of available inventory. Therefore, if a market…
Construction of new retail development continues to grow in the Macon and Warner Robins area. Thanks to strong demographics, new stores are focusing on north Macon and southwest Warner Robins. Both Macon and Warner Robins continue to expand their retail markets to new locations outside existing retail corridors. Warner Robins is seeing growth on South…
