In 2004, Pavan Bandi moved to Atlanta, Georgia for a career opportunity. It has since become his home. It didn’t take long after 2004 for Pavan Bandi to realize that Atlanta was a city that could grow quickly. It’s why he has been pioneering investing opportunities in Atlanta since 2021. Of course, Pavan Bandi has had some complaints about investing conditions, but they stem from areas that the city could improve upon
Pavan Bandi understands that complaints are often viewed in a negative context, but investor complaints can have a very important impact, especially when it comes to driving positive change. Below are some of the most common complaints of Atlanta Investors:
Pavan Bandi on Property Taxes
One of the most attractive aspects of investing in property in Atlanta was how low property taxes were throughout the city. This has shifted since Pavan began investing in 2012. As the city continues to gain steam in the national spotlight and new construction emerges, property taxes have increased exponentially. This comes with good and bad news. The good news is that these property taxes should coincide with the projected value of the property. Investors should – in theory – have an easier time flipping the property. The bad news is that many investors are in it for the long haul and will need to deal with the increased property taxes until they decide to sell. Investors can make their voices heard on property taxes by shifting where they allocate their funds. Investing in areas of the city with lower property taxes will help spark more progress in these areas.
Lack of Publicity and Promotion
Investors often share a common complaint that Atlanta does not do enough to promote itself throughout the country. The department of tourism could do the city a great service by highlighting more of the features that make Atlanta one of the greatest cities in the country. Atlanta needs to continue to promote the business opportunities that are available in the state. There can be a strong push along the east coast to attract businesses that are paying far higher living costs in the Northeast to move their headquarters down to Atlanta, Georgia.
Inflation Concerns
Atlanta, like most major cities in the United States, is feeling the impact of supply chain issues. The COVID-19 pandemic and the current war in Ukraine have caused the prices on common goods to skyrocket throughout Atlanta. With inflation hurting the wallets of prominent investors, the city must continue to offer incentives to intrigue investors into spending their money on strengthening the city of Atlanta.
Pavan Bandi on the Future of Atlanta Investing
Atlanta remains a city on the rise. It continues to be listed on list after list of the best places to live in America. The job market is rebounding after the global pandemic and the real estate market saw an increase in interest in 2021. 2022 looks to be on pace for further growth as investors look to take advantage of a highly competitive real estate market. If you are curious if you should consider investing in property in Atlanta, Pavan Bandi believes you should. Atlanta remains one of the top rental markets in the country. Construction is booming and demand is large. There’s still time to get in on investment opportunities in one of the best places to live in the county.
