Home to one of the world’s busiest airports, Atlanta is a haven for all kinds of travelers. As a result, there is a lucrative market to be found in Atlanta for short-term rentals. This blog post breaks down the best spots to place a real estate investment in Atlanta. By the end of this guide, you’ll be inspired to start setting up your newest Atlanta short-term rental.
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What to look for in a neighborhood
Atlanta is thriving. Its economy is booming, population growing, and it’s filled to the brim with things to see and do. Between surging tourism and regular business travelers, there’s a lot of room for opportunity in the short-term rental industry. With some careful thought and research, hosts can find a great neighborhood in Atlanta to invest in and set up shop as short-term rental hosts.
Atlanta is a big, awesome city. With so many unique corners, it can be overwhelming to know where to start when looking for the right neighborhood. Don’t worry! Keep these things in mind when browsing for a place for your short-term rental business to call home:
- Location: Is it near the business center or major tourism sites?
- Properties near hotspots and transportation centers also earn more than their competitors.
- Research a neighborhood’s tourism trends and market metrics to see how the neighborhood is trending.
- Pay attention to neighborhood-specific rules and regulations regarding hosting short-term rentals. Some HOAs, for example, might not allow them.
Top 5 neighborhoods for short-term rentals in Atlanta
Now to the good stuff. Let’s take a look at the 5 best neighborhoods in Atlanta to take a look at when browsing opportunities for short-term rentals.
1. Midtown
Midtown is the epicenter of the city. It offers things like the Fox Theatre, High Museum of Art, and Piedmont Park. It’s very walkable, which makes it a great option for short-term rental guests who don’t want to deal with renting a car. Here you’ll find a mix of tourists and business travelers all mingling together.
2. Buckhead
Buckhead is an upscale, luxurious neighborhood to consider. It offers high-end shopping and is a good place to invest if you’re looking to offer luxury properties with high-end amenities.
3. Old Fourth Ward
The Old Fourth Ward is incredibly charming. It has retained much of its old architecture and is home to spots like Ponce City Market and the BeltLine. It’s very popular with young professionals and visitors. Costs here are a bit lower, allowing you a chance to get into the neighborhood with a lower upfront investment. The area is growing in popularity, so you can expect to see that reflected in your rental income as time goes on.
4. Virginia-Highland
Virginia-Highland is a quiet area, popular with families. Here you’ll find little boutiques and cozy corner eateries. It feels a bit like a suburb, if we’re being honest. Its got all the quietness of being outside of a city, while still being close enough to access all the major points of interest in Atlanta. Prices here are moderate, but there is a lot of opportunity for rental income in Virginia-Highland.
5. East Atlanta Village
East Atlanta Village is a happening scene known for its great music, diverse restaurants, local shops, and extremely artistic community. Typically, prices in this neighborhood are a bit more affordable than other spots in Atlanta.
Tips and tricks
A few things to remember when hosting in Atlanta:
- Remember to apply for and obtain a short-term rental license.
- Short-term rentals are considered 30 days or less in Atlanta.
- Pay attention to both local and state taxes.
- Hire a dependable cleaning crew.
- Automate with Host Tools to stay on top of your daily tasks and prevent double bookings.
Final thoughts
As you can see, there is a lot of opportunity for real estate investments in Atlanta. As one of the most stunning, culturally rich, and diverse cities in the country, it’s a haven for those seeking to dive into the short-term rental biz.
Host Tools provides an automated, unified calendar for short-term rental hosts, allowing you to seamlessly list on all major channels. Start your free trial today!
