You’re inspired by the hot housing market right now and might be on the hunt for more rental property investments to add to your portfolio. One of the areas you should consider property ownership is Forest Park, GA. This Atlanta suburb continues to be a growth spot, offering a wide range of amenities from quiet living to ongoing activities and community involvement. With an average population of just under 20,000 residents, it offers a small-town feel without forgoing the city conveniences. There are plenty of reasons to support adding a Forest Park rental property to your portfolio. Here are five of the biggest.
1. Diversifying Your Portfolio Is Smart Investing
When you look to expand your rental property portfolio, you’ll want to try and find properties that differ from our existing roster. Diversifying your investments by type can be a great way to ensure that each property complements the other, regardless of what the rental market or housing market is doing. What’s great about looking in Forest Park is you’ll have a wide variety of structures from which to choose, including great single-family dwellings, multi-family options, as well as commercial properties. If you’re looking to grow where diverse properties are available, Forest Park has you covered.
2. Forest Park Has Lots to Offer Residents
To determine whether or not a particular property is a sound investment, you’ll look to the community amenities and assets that would appeal to potential renters. For example, tenants prefer to live where they have access to parks and recreational areas, plenty of convenient retail, places to eat out, and local events to explore. Forest Park has all of these must-have amenities covered, making it a great consideration for your growing rental property portfolio.
3. Atlanta Suburbs Are Hot Markets Right Now
The pandemic and other economic shifts have made living in the suburbs more appealing for thousands of residents. And for those who currently live and work in Atlanta, exploring rental options in the suburbs is a top priority. Take advantage of this current trend and look for properties in Forest Park. Here, residents enjoy quiet lifestyles where neighbors can still borrow a cup of sugar. And commuting times are easy for anyone who still needs to report to the city for work.
4. A Robust Economic Community Advantage
This Clayton County town provides a robust economic community advantage, offering its residents a dense suburban experience, and where renting is prevalent. Based on economic diversity, Forest Park earns Niche.com grades of A+. The 22-some public schools also earn high marks. Forest Park is often a top pick city for families, career-minded professionals, and retirees, with its many parks and quiet environment.
5. Because the Residents Love It in Forest Park
In addition to looking at the Forest Park data for making your final portfolio decisions, pay attention to the lifestyle reviews you can find online from Forest Park residents themselves. You’ll find countless reasons to make Forest Park the home of your next rental property, as well as hone in on what your target rental audience might appreciate most. Here are just a few sentiments we found.
“My neighbors and I are like family because we always help each other. I have also been blessed to meet caring instructors from my school who have provided me with endless opportunities.”
“I have lived in Forest Park for about six years now, and the community here is great. The food is great, there are so many options, and the people are friendly.”
“Its location is close to downtown Atlanta and college park. It has public transportation, and the mall isn’t that far—plenty of restaurants and shopping centers, too.”
Don’t take the prospect of growing your rental property portfolio lightly. Do your homework and explore viable regions that make sense for your investments. And you can always rely on the sound and expert direction from our property management team. Contact us to guide your portfolio growth efforts in Forest Park and beyond!
