Atlanta is seeing some signs of a strengthening real estate market but the general economic outlook is not rosy. So why would a business deliberately chose to expand here?
PRLog - Sep 08, 2013 - ATLANTA -- Mr. Rekey Locksmith opened its third new location in 2013 – Atlanta, GA. The rapidly growing franchise selected the Atlanta locksmith site over many other potential cities because it’s niche market – single family property managers – is experiencing strong growth.
While Atlanta is seeing some signs of a strengthening real estate market, the housing crash of 2008, with its foreclosures and lost property values, drove many homeowners to the rental market. Such shifts in real estate values result in greater demand for residential locksmith, Mr. Rekey.
The Austin, TX headquartered company opened its third city in 2013 as the U.S. real estate market continues to rebound. “Now is the time for us to be aggressive about expansion,” said Ken Jennings – Mr. Rekey’s CEO. “Atlanta is a huge potential market for us, and our goal is to dominate our niche market.”
Mr. Rekey Locksmith specializes in serving single-family property managers and realtors. “Everything we do is aimed at making things easy for our clients. From ordering to pricing, we’ve spent 15 years perfecting our processes to seamlessly fit the needs of property managers”, according to Mr. Jennings.
Many of Mr. Rekey’s clients in the Atlanta area, as well its other locations, are members of NARPM®. According to their website, the National Association of Residential Property Managers (NARPM®) promotes a high standard of business ethics, professionalism and fair housing practice and certifies its members in the standards and practices of the residential property management.
“We love working with NARPM® members because educated clients make our job so much easier. They value good processes and procedures, which makes us more efficient and ultimately saves them and us time and money. Everybody wins!” Jennings continues, “It’s a close knit community so when they find a good vendor, the word spreads quickly.” For information about NARPM visit www.narpm.org
The general economic outlook for Atlanta is not rosy. The mayor’s budget is based on a slight decline in tax revenue growth, but some bright spots include revenue from business licenses, which is forecast to rise slightly as business income increases.
According to Trulia.com, the median sales price for homes in Atlanta, Georgia for May 13 to Jul 13 was $226,950. This represents an increase of 8.6%, or $17,950, compared to the prior quarter and an increase of 19.5% compared to the prior year. Sales prices have appreciated 30.4% over the last 5 years in Atlanta.
When the home ownership market experiences fluctuations, the rental industry typically reaps the benefits. Residential locksmiths such as Mr. Rekey, thrive as long as people are moving. “When there is an imbalance in supply and demand for housing the phones keep ringing,” said Jennings.
To celebrate the grand opening, an open house will be held on Wednesday, September 11, 2013 from 7:00 PM to 10:00 PM at Hemingway's Bar and Grill located at 29 W Park Square, Marietta, GA 30060. For more details contact Mr. Rekey.
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Mr. Rekey Locksmith
1421 Wells Branch Parkway
Building 1, Suite 104
Pflugerville, Texas 78660
Phone: (512)929-5397
Fax: (866)204-1717
Email: orders@rekey.com
To visit http://www.rekey.com order here
View the NARPM video http://www.youtube.com/v/D25lU1zyS2I
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Mr. Rekey Atlanta Locksmith Counts on Property Managers and Changing Real Estate Market for Growth
September 08, 2013 at 19:55 PM EDT
