Passion for excellence, local knowledge and real estate experience drives the new ownership team for AvenueWest Atlanta, your local managed corporate housing solution

AvenueWest Global Franchise, the largest provider of managed corporate housing in the United States, announces the expansion and new ownership team of AvenueWest Atlanta.   According to Phocuswright, a leader in hospitality analytics, the corporate travel demands for residential hospitality options are at an all-time high.  AvenueWest Atlanta, which specializes in managed corporate housing residential rentals for monthly lodging, is now poised for growth and expansion.

In keeping with today’s modern world of evolving millennials, business partners Cherie Hill and Tyler Jackson, began their business relationship over Instagram. Cherie is a longtime Texas real estate agent with over 10 years of experience working with investors and home buyers and first learned about AvenueWest back in 2015 as she worked to better diversify her real estate business. Cherie appreciated both the demand for managed monthly rentals and the investment opportunities it provides to real estate investors.  A Houston native, Cherie looked to social media to find professional support to build her business and started working with Tyler Jackson a social medial strategist from Atlanta.  Tyler was also familiar with furnished rentals through subletting her extra bedroom on Airbnb. From this simple beginning, Tyler and Cherie realized their knowledge of real estate, interest in hospitality and passion for quality would make for a great AvenueWest team.

When Cherie discovered there was an opportunity to purchase AvenueWest Atlanta she became a Georgia real estate agent and moved from Houston to Atlanta where she joined forces with Tyler.   After working for the last month to learn how to implement the AvenueWest program of service, quality and choice they are now working locally to best develop a portfolio of AvenueWest Signature furnished corporate housing properties available for monthly leasing.

“Cherie and Tyler are an exceptional team with a strong background in real estate and customer service.  AvenueWest Global is excited to have such a dynamic and professional team leading the growth of AvenueWest Atlanta,” stated Angela Healy the CEO of AvenueWest Global. Cherie and Tyler’s vision for Atlanta is to expand to meet both the growing demands of the business traveler and the needs of property owners to find the right management solution for their furnished rentals.

The AvenueWest Managed Corporate Housing real estate model allows private investors to connect their rental properties with business travelers.  AvenueWest is seeing an increasing trend of out of state investors purchasing their retirement properties earlier than needed and then renting them to business travelers.  Through investing in real estate today these savvy investors are taking advantage of the still low interest rates and will have the peace of mind knowing exactly what their lodging expenses will be in the future.

AvenueWest Atlanta continues to be a thriving business that not only provides property management services to owners of furnished homes being offered for rent, but also provides high-quality short-term rental properties to those in need of temporary housing. Cherie says her ideal clients include traveling business executives, relocating families, movie production teams, professional athletes, visiting medical professionals, government contractors and insurance companies in need of furnished homes for their displaced clients.

In today’s world of high demand residential lodging solutions for business travelers, AvenueWest Managed Corporate Housing continues to offer its award-winning real estate solutions that travelers and investors have relied on for over 20 years. Corporate Housing as a residential lodging solution is a multi-billion dollar industry that has been available to business travelers for decades.  Traditional corporations, as part of their business travel policies, do not allow their employees to stay in individual Airbnb rentals.  Business travelers need the service, quality and security offered through a professionally managed corporate housing property.

According to CHPA / Corporate Housing Providers Association, “This type of lodging is more than just a place to stay; it is a much-needed service provided for employees experiencing a training or transition. It in turn helps employers achieve their business goals by cultivating more engaged and focused employees. It is estimated that the annual collective U.S. domestic employee transfer volume for Fortune 500 companies is 244,595.”  As businesses expand and require specific talent, they rely on AvenueWest Managed Corporate Housing to meet the housing needs of their employees.  The average AvenueWest tenant stays over 100 days. These furnished rentals are a true home away from home.

 

A Recent Article in Personal Real Estate Investor Magazine Deemed Atlanta “A Thriving Market…[to buy] Cash Flow Properties”

The July/August issue of Personal Real Estate Investor Magazine featured Atlanta as one of their capital cities where property investments are a great buy since Atlanta is a high growth market.

Why is Atlanta a great market to buy investment properties? Well for starters, a quarter of the major fortune 500 companies are located in Atlanta and 75% of the major fortune 1000 companies. The Atlanta International Airport is one of the busiest airports in the whole world and the FBI says that the crime rate has dropped 40% in the last 10 years. There are tons of highly rated colleges and universities and the temperatures are fairly nice the majority of the year. RJ Palano, a buyer for BuyCashFlowProperties.com – a full-service investment company that only buys in the Atlanta Metropolitan area – says that “Atlanta has a lot of things going for it. One of the greatest attributes of Atlanta is that the employment sector is very diverse, from tech to health to transportation to personal services.”

Now is a great time if you are a property investor – Atlanta is a HOT market!

Investing in properties in the Atlanta area 3 years ago was an exceptional opportunity since there were so many properties available. Now, there is a shortage of availability but building is on the rise. Investors are currently dominating the housing market and are snagging properties left and right from would be home owners: “…would-be owners are getting shut out as ‘build to rent’ is taking off and hedge funds and private investors are buying everything they can…Existing house values will continue to rise, as builders are building at new market rates for the pent-up demand by both would-be homeowners and investors,” stated RJ.

The employment rate has grown by 1.9% in Atlanta and the National average is only 1.5% and according the the Atlanta Journal-Constitution, this trend will continue. Atlanta is a high-growth market. Between 2000-2007, 1.1 million people moved to Atlanta and more and more are coming each day. Mr. Palano also explains that investing in a city primarily dominated by tourism when the economy faces a downturn is not a good investment: “when the economy goes down, people’s disposable income is impacted, thus they tend to travel less, which impacts cities that depend on tourism. I stay away from the Orlandos and Las Vegases of the world.” He also adds, “…each property I select for acquisition is located in a good neighborhood with good curb appeal and a functional floor plan. My top priorities are safety, growth, and cash flow – in that order…more people in the U.S. got wealthy by acquiring well located real estate and hanging on to it.”

Another factor that RJ considers is areas where property values are rising. “This is important for measuring investment returns. The aspect of future appreciation is something that we regard as more important than a higher cash-on-cash return based on just the rental income.”

The real estate market is hot in Atlanta right now and projections indicate that it’s only going to get better. RJ cocludes, “…it’s like being in real estate heaven…holding houses for long-term rental income allows you to make money while you sleep.”

In summary, Atlanta is a booming market filled with major corporations, relocation, a growing economy, great employment opportunities, and an awesome real estate market for investors. So why not find your perfect investment property now? You can download a free guide from Personal Real Estate Investor Magazine’s website about what you should consider when buying in Atlanta.

AvenueWest Atlanta is a licensed real estate brokerage offering short-term fully furnished rentals and is also a property manager looking for investors interested in having us manage your investment properties on your behalf. Our furnished rental program can get you higher rental returns than a traditional unfurnished rental can so give us a call today to find out more about our program – 1-800-928-1592 or email us Atlanta@avenuewest.com.