27
Aug

National Rankings of Apartment Vacancies and Rates

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According to data recently published by the ALN Apartment Data firm, apartments across the nation are suffering a marked decrease in occupancy and average rent rates. While this is a great situation for the renter, apartments are struggling to keep their books in the black. As occupancy dips lower, apartment communities are finding they must lower rates and increase advertising to match the lack of demand.

In order for most apartment communities to be profitable, they must maintain around 90% occupancy or above. According to data released, most major apartment market areas are well below this mark. To find the market trends in your city, click National Apartment Occupancy and Average Rent Rates to view the entire article.

Unemployment and Vacancy Trends

11
Aug

Alexan Silber

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Discover Trammel Crow’s newest luxury apartment community Alexan Silber, located in the prestigious Memorial area of Houston. The elegantly designed brick and stucco community contains four floors of residential space surrounding a five-story private parking garage. Future residents will enjoy spectacular custom amenities including stained concrete or wood plank floors, 9 foot ceilings with crown molding, spacious floor plans, gourmet kitchen with granite and stainless steel, and much more! The property also features two resort style pools with tanning ledges, athletic club, event/demonstration kitchen, recreation room, and a wine tasting room. With its centralized location to major employers, fine dining, and shopping, Alexan Silber is an excellent choice to call home.

Alexan Silber Apartments

10
Aug

Download Your TAA Application Prior to Visiting the Properties

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The Texas Association of Apartments is a non-profit trade organization made up of owners, builders, developers, and property management firms and companies that actively represent the entire rental housing industry at the state capitol and at least 25 state regulatory agencies.

Filling out the Texas Association of Apartments Application is often a crucial part of the the approval process for your next apartment home. The application, also known as a Texas Rental Application, provides the apartment community information about you such as your credit history and criminal history. Other relevant information required is who will live with you, and, if you have pets, what kind and how many.

Remember that TAA applications should only be used by Texas licensed real estate agents, so consult your apartment locator. Your locator is an excellent source for all of these questions and issues raised, so feel free to ask for help and clarification throughout the entire process of finding your next home.