Buy Your New Home And Rent Your Old House In Atlanta
See if keeping your old house as a rental is a smart financial investment
AS FEATURED IN
Moving Soon? Turn your Atlanta house into a rental property.
Keep and rent out your Atlanta house passively, just like owning stocks or bonds.
All the benefits of real estate investing with none of the work. Knox does everything for you including finance, insurance, accounting, brokerage and more.
Already own a rental propery in Atlanta?
You pay 10% period. No extra fees, service charges, or hidden expenses. That includes brokerage fees to find tenants. The goal is to eliminate your landlord job.
Looking for a rental home investment calculator?
Just click get started and answer a few questions to get a detailed analysis of how well your property will perform as a rental.
“On a month-to-month basis, things are so seamless behind the scenes, that I sometimes forget that I own rented property–but will obviously reap the benefits in the long term.”
So how does Knox work?
Sign Up Today
Apply today and Knox will quickly tell you whether your property in Atlanta will make a good investment property.
We Go to Work
You become a hands-off Atlanta investment property owner. We take care of everything.
You Get Paid
Your house in Atlanta continues to grow in value. Build wealth dramatically faster than you would with stocks and bonds.
Knox FAQ’s About Atlanta Investment Property
How does Knox work?
Knox turns a home you own into an income property and a passive investment for you. We do the work. You sit back, collect income, and watch your investment grow. We take care of the rest. It really is that simple.
How much does it cost to put my home on the Knox Platform?
Knox charges a fixed percentage of the rent collected. We do not charge any additional fees such as rental commissions or maintenance markup. We’re happy to provide a quote for you.
How is Knox different from a traditional property manager?
What a property manager does:
A property manager is usually a maintenance company who will take issue calls from tenants when something is broken or they’re locked out. They may also collect rent, but not always. This, they’ll do for 4-8% depending on the company, the level of service, and the unit. Sometimes property managers are construction companies who also do fix-it work. Other times, they’re real estate brokerages with a few contractor/handyman relationships or a handyman on staff. Usually, they’ll either have their own employees do the fix-it work and charge you for the work at a premium rate or they’ll mark up a 3rd party’s rates every time they do a job in your unit.
In addition to a property manager, at the very least, you’ll need someone to rent the unit. They’ll charge 1 month’s rent to find you a tenant. They’ll charge this amount every time the unit turns over, no matter how long the tenant sticks around. This means they make more money when the unit has more turnover. Property owners know that turnover, and the possibility of vacancy, is just about the worst thing that can happen. Sometimes, the property manager and the rental agency are the same company. Some rental agents will claim that they can, “get the tenant to pay their fee.” In reality, when the tenant pays a fee, they’re willing to pay less rent. So, one way or another, the owner is paying.
What Knox does:
• All the books:
◦ Rent collection
◦ Reserve account management, no commingling of funds
◦ Pay all bills and expenses – mortgage, taxes, insurance, condo fee, etc
◦ Send you the net profits every 90 days
◦ Deliver a 1099 at the end of the year which makes it easy to file your taxes while making sure you deduct every penny you can.
◦ Hire professional real estate photographers – this allows the unit to fetch higher rent
◦ Advertise the home
◦ Show the home
◦ Leasing and legal
◦ Renewals and rent increases
◦ Background and credit checks
• Property management:
◦ Respond to tenant issues 24hr/day
◦ Emergency response within 2 hours.
◦ schedule all other maintenance within 48 hours
◦ NO markup on fix-it costs including parts and labor
◦ Handle evictions, if necessary
• Find you the right insurance policy:
◦ Make sure you have the right policy
◦ Require every tenant to carry renter’s insurance
◦ Bundle policies to save money
• Financing (if needed):
◦ Refinance so you have the downpayment you need for your next home
◦ Help you access cash in the home as/when you need it
◦ Work with the bank to leverage your w-2s and leases so you qualify for the right note on your next home
Knox treats your home like the financial investment it is. We help you balance cash flow and rate of return to help you meet your financial goals.
We do all the above for a fixed fee of 10% of the rent we collect. We don’t make money unless you make money.
What does the Knox Platform include?
In short? Everything it takes to operate an income property. Rentals, legal, background and credit checks, rent collection, bill pay, accounting, tenant relations, move-in and move-out, maintenance management, insurance program and rate optimization, preventative maintenance, access to preferred financing, and much more.
Do I have to chase rent payments? What if a tenant pays late?
You’ll never have to chase a rent payment. Knox takes care of this for you. In fact, we collect all rent electronically and automatically. So, late payments are rare.
Beyond a percentage of the rent, what other costs might I incur once my property is enrolled in the Knox Platform?
All properties have carrying costs. Taxes, insurance, mortgage, condo fees, etc. You would incur these costs whether your home is on the Knox Platform or not. We simply manage the payment of these costs on your behalf. Maintenance costs are the main expense beyond recurring costs. Knox has pre-negotiated rates with maintenance providers to save our clients money. All costs are managed and paid on your behalf by Knox from your reserve account.
What happens when there’s a problem with my property?
The tenant will contact Knox and our team will respond quickly. We’ll assess the issue, start a request in our system, and assign an appropriate maintenance provider to the issue. We’ll coordinate with the contractor and the tenant so that they can gain access to the home at a convenient time and fix the problem.
Does Knox charge 1 month’s rent to the tenant or the owner when you rent the unit?
Neither. Knox does not charge a separate fee for rental services.
Rental agents and property managers will often charge one party, or both, a month’s rent. This is paid upon move-in, no matter how long the tenant sticks around or how reliably they pay their rent. Knox charges a percentage of rent collected each month. We get paid when you get paid. Thus, our interests are aligned and we both want to avoid vacancies.
How is rent collected?
We collect rent automatically by ACH.
How is net rental income transferred to the owner?
Net profit (after all expenses are paid on your behalf ) is posted to your account via ACH. There’s no cost associated with this for you. We pay net profits just after the close of the calendar quarter. So, you could see no net income for 90 days if we took over the finances on your property on the 1st day of a quarter. Often, it’s less than 90 days.
How do renewals work?
We begin contacting the tenant about renewing 120 days before the end of the lease. In general, you’re not going to be notified about a current tenant’s decision. We’re going to simply find a new tenant to move in when the old one moves out. You’ll see a lease to sign once a qualified tenant is identified. The Knox platform is designed to unburden our customers. So, questions like ‘will they renew?’ and ‘do we need a new renter?’ are no longer your concern. It’s simply our responsibility to minimize vacancy and maximize revenue.
How is damage to the unit handled?
If the tenant has caused damage (vs normal wear or end of life replacement) then the cost of the repair will be deducted from the tenant’s security deposit. Also, sometimes tenants offer to pay for certain maintenance items, accepting responsibility and paying for repairs via Knox.
What contact would I have with the renter?
If we decide to sell the unit, how much notice is required for you and the renter?
If you decide to sell, you would normally sell with the renter in the unit and our agreement would transfer with the unit to the new owners. The unit is more valuable rented than unrented.