At SoCo Lofts (3801 South Congress) that is. The developers have decided to make all of the residential units apartments instead. The increase in supply should continue to help renters...especially the ones at St Ed's nearby.
Hat Tip - Stephanie Zellous
Saturday, January 10, 2009
Thursday, January 8, 2009
Vacancies up, Rents up
Its true.
The city-wide occupancy rate at the end of 2008 was 91.4 percent, the lowest level since 1994.
City-wide average rental rates increased slightly from $945 to $962 a month. It was because several high-rent properties opened in downtown and the West Campus area, according to Capitol Market Research president Charles Heimsath.
He expects occupancy to drop by another 2 percent and rental rates to fall by 5 percent by the end of this year.
The city-wide occupancy rate at the end of 2008 was 91.4 percent, the lowest level since 1994.
City-wide average rental rates increased slightly from $945 to $962 a month. It was because several high-rent properties opened in downtown and the West Campus area, according to Capitol Market Research president Charles Heimsath.
He expects occupancy to drop by another 2 percent and rental rates to fall by 5 percent by the end of this year.
Friday, January 2, 2009
Its the first of the month
and we all know what that means....
Thieves are stealing your rent check.
Lisa Carmona said somebody stole her rent money. It consisted of several hundreds of dollars in money orders.
She placed her rent money in her apartment's drop box and her apartment claimed they never received the payment.
Still, someone found a way to spend the money orders made out to the apartment.
"They cashed two of them and right now I'm in the process of trying to find out who and where it has happened it," Carmona said.
Carmona said the ordeal got her kicked out of her apartment.
"I had my copies of my money orders here saying that I had the money and I know I turned it in and I was forced to leave my home," Carmona said.
Carmona filed a police report and she hopes to get her money back.
A spokesperson for the Austin Police Department said crooks can alter money orders as well as steal routing numbers from personal checks. They urge consumers to check their mailboxes on a regular basis, pay bills electronically and keep a close eye on their checking accounts. You should also deliver rent payments in person.
Thieves are stealing your rent check.
Lisa Carmona said somebody stole her rent money. It consisted of several hundreds of dollars in money orders.
She placed her rent money in her apartment's drop box and her apartment claimed they never received the payment.
Still, someone found a way to spend the money orders made out to the apartment.
"They cashed two of them and right now I'm in the process of trying to find out who and where it has happened it," Carmona said.
Carmona said the ordeal got her kicked out of her apartment.
"I had my copies of my money orders here saying that I had the money and I know I turned it in and I was forced to leave my home," Carmona said.
Carmona filed a police report and she hopes to get her money back.
A spokesperson for the Austin Police Department said crooks can alter money orders as well as steal routing numbers from personal checks. They urge consumers to check their mailboxes on a regular basis, pay bills electronically and keep a close eye on their checking accounts. You should also deliver rent payments in person.
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