Atlanta has put some new rules in place for short-term rental investors– which is a great thing if you’re looking to buy a home to live in!! Let’s break this down why Short-Term Rentals are now Restricted by Permit in Atlanta.
Here’s what you need to know:
01. Investors looking to operate short-term rentals are now required to have a permit.
02. The permit is only valid for 2 properties (one of which must be the investor’s primary residence).
03. Investors must be a resident of Atlanta to operate a short-term rental in the city.
So what does this mean for you on your home search?
Since most investors are cash-ready, their offers are more likely to be accepted. But…
Now that the city has gotten more strict on who can operate short-term rentals & how many they can operate at one time, this means you’ll have less competition with investors.
Which ultimately means you have a MUCH better chance of securing your dream home!
Interested in starting the home buying process? Click here to connect with a Sage and Cedar agent. They can take you through the process, talk to you about lenders, closing costs, and the current market!
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