Single family rental investment Homes is an Atlanta Property Management Company. National Association of Residential Property Managers. Our company has been in business since 1985. Our property managers, agents, and employees receive industry specific continuing education and market information.
Our expertise will help improve your net cash flow. Excalibur provides leasing and property management services to the owners of rental houses. We can offer landlords several options including full service leasing and property management, lease only service, or management only service. Atlanta Area Info New in town?
In general, airplane pilots are open, clear-eyed, buoyant extroverts, and helicopter pilots are brooders, introspective anticipators of trouble. They know if something bad has not happened, it is about to. Am I an airplane pilot, or am I a helicopter pilot? Perhaps you’re Air Traffic Control constantly aware of all of life’s moving pieces or maybe you’re the passenger looking to get from point A to point B as quickly and safely as possible. There’s no right or wrong answer here. So how does Excalibur fit into this scenario? Excalibur President and Managing Broker, Mike Nelson, reminds his Team regularly that each individual at Excalibur is a helicopter pilot.
An airplane by its nature wants to fly, and if not interfered with too strongly by unusual events or by a deliberately incompetent pilot, it will fly. A helicopter does not want to fly. With over 30 years in property management, our Team has seen a lot, but we are very aware that there will never be a point where we’ve seen it all. We know the questions to ask. We know the steps to take. We know how to reduce our landlords’ liability today, while the helicopter is flying, rather than after it crashes. But don’t just take our word for it.
Let our expertise and industry designations speak for themselves. Excalibur President Mike Neslon teaches property management courses for the Georgia Association of Realtors and the National Association of Residential Property Managers. So what does this all mean? Be assured that from your first phone call to your final walk-through, Excalibur’s expertise will reduce your liability and help keep your investment flying high. We have some big announcements and promotions coming your way so make sure to connect with us on Facebook! I’ve been a tenant for almost a year renting thru Excalibur.
We have been utilizing Excalibur for our rental for the last year and a half. When there has ever been a problem, they have been quick to respond. I just want to say what a blessing it has been working with Brandi Rivera there at Excalibur. As a tenant, I have had only positive experiences. 11,092,000 for a 10-year, fixed-rate loan secured by 195 homes and a duplex.
The homes were located in nine different metros and six different states. The financing also stands out due to the fact that all of the units are affordable for families earning at or below 100 percent of the median income. For families earning at or below 80 percent of the median income, that affordability percentage is still over 90 percent. The single-family rental space has a gap in liquidity and affordability, which Freddie Mac is well-positioned to fill as evidenced by this transaction. We’ve been working closely with our partners at Freddie Mac to devise a lending platform that applies the discipline of our multifamily lending standards to single-family home rentals.
According to that same Harvard study, single-family homes now account for 39 percent of the nationwide rental stock. However, the continued lack of affordable housing on both the purchase and rental sides of the equation is creating opportunities for the savvy investor. We’ve said from the beginning that the goal of our single-family rental pilot is to increase the availability of affordable rental housing in communities across the country, and this transaction does exactly that. All of the homes in this transaction will remain affordable for working families, with over 90 percent affordable for low- and very-low income families. Berkadia was the first Freddie Mac seller or servicer to obtain the National Single Family Rental Designation from Freddie Mac Multifamily. The designation allows Berkadia to sell and service loans secured by single-family rental properties nationwide to Freddie Mac.
This is the first such transaction. The deep knowledge of affordable housing at Freddie Mac and Berkadia and their mission to encourage borrowers like us to continue to provide housing to working-class individuals will impact the industry for years to come. Investors interested in the single-family rental market should take note of Five Star’s 2018 Single-Family Rental Summit, set to unfold March 19-21, 2018, at the Renaissance Nashville Hotel in Nashville, Tennessee. David Wharton, Online Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.