A prime downtown lot, the last large city-owned lot in downtown, was
at last sold to a developer after a 16-hour long City Council meeting
Thursday that stretched into the wee hours of Friday, The Statesman.com reports
Trammell
Crow, the developer, will turn the former site of the Green Water
Treatment Plant into a high-rise project with shops, eateries, offices
and housing. The project is expected to cost $500 million and Trammell
Crow will pay the city $24.4 million over several years to purchase the
lot.
The project is expected to break ground in early 2013, will
encompass two towers of at least 30 stories tall and will contain 826 apartments,
a 17-story hotel, a 28-story office tower and over 80,000 square feet
of retail space. The project ran into a lot of objections from
activists who wanted Trammell Crow to save several large trees on the
site, pay workers a "living wage" and make sure enough affordable
housing was available on site.
In the end, Trammell Crow agreed to
allow safety monitors at least twice a month during construction, to
aim to hire at least a fifth of its workforce from local training
programs and pay them at least $16 an hour, and to work with Austin's
arborist to try and build around some of the big trees. In addition,
they agreed to rent at least 10 percent of the rental housing at amounts
affordable to those earning less than 80 percent of Austin's median
family income and will keep those rents low for 40 years at its own
expense. The project is expected to bring in $112 million in property
taxes to the city over the next 30 years.
Rent Austin Apartments
Saturday, May 26, 2012
Saturday, May 19, 2012
The Eviction Process
The Eviction Process is complex, but the Austin Tenants' Council
has an excellent detailed description of the process. Here is a brief
overview of the process that begins if the tenant does not move out
after the landlord delivers a written Notice to Vacate to the tenant.
The landlord will file an eviction suit at the local Justice of the Peace court, after which the court clerk will give the eviction citation to the constable. The constable is required to attempt to deliver the citation to the tenant twice at their home. If the constable is unable to hand deliver the citation to the tenant, they may place it under the door or attach it to the front door and mail a copy.
The Citation will include instructions and the date of when the eviction trial is to be held. If you fail to show up for the trial, the landlord gets a default judgment against the tenant. The court is required to send the tenant a written notice within two days of the entry of the judgment.
If you do go to court, both you and your landlord will be given the opportunity to present your cases. The judge will make a decision and if they side with the landlord, the tenant has five days to vacate the apartment or appeal the decision. If the judge decides in favor of the tenant, the landlord also has five days to file an appeal. When you file an appeal, you have to pay an appeal bond or file a Pauper's Affidavit if you do not have the funds for an appeal bond. The appeal process is very complicated, so if that is something you are interested in, the Austin Tenants' Council recommends you contact an attorney.
If a tenant doesn't leave the apartment or appeal, the landlord has to ask the judge for a Writ of Possession, a court order telling the constable or sheriff that the landlord is now in possession of the rental unit. The landlord can now, under the supervision of the constable or sheriff, remove the tenant, occupants and all belongings from the unit.
Eviction is something no future landlord wants to see on your rental history, so you should do your best to avoid it at all costs. But if you do have an eviction on your record, Apartment Specialists can work with you to try and find a new eviction friendly apartment where landlords are more likely to overlook an eviction.
The landlord will file an eviction suit at the local Justice of the Peace court, after which the court clerk will give the eviction citation to the constable. The constable is required to attempt to deliver the citation to the tenant twice at their home. If the constable is unable to hand deliver the citation to the tenant, they may place it under the door or attach it to the front door and mail a copy.
The Citation will include instructions and the date of when the eviction trial is to be held. If you fail to show up for the trial, the landlord gets a default judgment against the tenant. The court is required to send the tenant a written notice within two days of the entry of the judgment.
If you do go to court, both you and your landlord will be given the opportunity to present your cases. The judge will make a decision and if they side with the landlord, the tenant has five days to vacate the apartment or appeal the decision. If the judge decides in favor of the tenant, the landlord also has five days to file an appeal. When you file an appeal, you have to pay an appeal bond or file a Pauper's Affidavit if you do not have the funds for an appeal bond. The appeal process is very complicated, so if that is something you are interested in, the Austin Tenants' Council recommends you contact an attorney.
If a tenant doesn't leave the apartment or appeal, the landlord has to ask the judge for a Writ of Possession, a court order telling the constable or sheriff that the landlord is now in possession of the rental unit. The landlord can now, under the supervision of the constable or sheriff, remove the tenant, occupants and all belongings from the unit.
Eviction is something no future landlord wants to see on your rental history, so you should do your best to avoid it at all costs. But if you do have an eviction on your record, Apartment Specialists can work with you to try and find a new eviction friendly apartment where landlords are more likely to overlook an eviction.
Saturday, May 12, 2012
New Watering Restrictions Possible
New Watering Restrictions are being mulled over by Austin Utility Water Managers. Although Austin has seem some good rain recently, long-term drought is still being forecast by all the computer models. After last year's water usage almost hit a record low, despite it being the hottest and driest year Austin's ever seen, city officials are looking to cement lawn watering restrictions for a repeat performance, The Statesman.com reports.
The first of the big changes proposed are one that would allow users of drip irrigation systems to water as often as they'd like. Drip irrigation is the most effective way to water, because it creates much less runoff or water evaporating. Small hoses with holes are placed along or below the ground, allowing water to seep directly into the dirt. These systems cost more than sprinklers, but are much more effective at keeping trees from dying because they apply water directly to roots.
The second major change is that the utility wants to make lawn watering restrictions permanent, regardless of the water levels in the lakes supplying Austin's water. Under those, watering would never be allowed more often than twice a week. They're also proposing to set Stage 1 restrictions, where watering is allowed twice a week, to kick in when lakes Travis and Buchanan are at 1.4 million acre-feet and Stage 2 restrictions, with once a week watering, to begin at 900,000 acre-feet.
The Utility also proposes to decriminalize water violations and have any fines added to a violator's monthly water bill, instead of being sent to Municipal Court. Even with a drip system, users could still be fined if they water the pavement or create standing pools of water.
Looking for Austin Apartments for Rent so you never have to worry about watering restrictions, no matter what they are? Austin Apartment Specialists can help!
Saturday, May 5, 2012
Renting Basics
Renting Basics are a must to know before you go to look for an
apartment. Whether you are renting for the first time, getting back
into the rental market after an absence, or moving to a new area,
brushing up on how to rent an apartment from the Texas Apartment Association is important before you get out there and start visiting properties.
The first step is to set a budget. Make sure that you factor in costs like utilities and rental insurance that aren't included in your rent and make sure your rent isn't more than a third of your gross income. Next, request a free credit report and clear up any mistakes or problems before you start filling out applications.
If you are a minor, a student, or don't make enough to qualify to pay the rent, you may be asked to get a co-signer, who is usually a parent, relative or employer who will be responsible for the rent if you cannot pay it. This person is usually not someone who lives with you.
Make a list of what your priorities are for your new home and use it to narrow down your choices. As you visit apartments, look over the property and analyze how well it is maintained. Also, talk to existing residents and ask if they have been happy with the property, how maintenance requests or problems are handled, and if they would recommend living there to others.
Finally, visit the properties you are considering at night to see if they are well lit and compare their security measures to other properties in the neighborhood. You also should ask the management how emergencies are handled and how residents are told about any crime or safety problems.
The first step is to set a budget. Make sure that you factor in costs like utilities and rental insurance that aren't included in your rent and make sure your rent isn't more than a third of your gross income. Next, request a free credit report and clear up any mistakes or problems before you start filling out applications.
If you are a minor, a student, or don't make enough to qualify to pay the rent, you may be asked to get a co-signer, who is usually a parent, relative or employer who will be responsible for the rent if you cannot pay it. This person is usually not someone who lives with you.
Make a list of what your priorities are for your new home and use it to narrow down your choices. As you visit apartments, look over the property and analyze how well it is maintained. Also, talk to existing residents and ask if they have been happy with the property, how maintenance requests or problems are handled, and if they would recommend living there to others.
Finally, visit the properties you are considering at night to see if they are well lit and compare their security measures to other properties in the neighborhood. You also should ask the management how emergencies are handled and how residents are told about any crime or safety problems.
Saturday, April 28, 2012
Renting an Apartment with Bad Credit
Renting an Apartment with Bad Credit can be tricky, but About.com
offers certain guidelines you can follow to try and increase your
chances of being able to rent an apartment no matter what your credit
rating.
Typically, large apartment complexes always run a credit check, but smaller, independent landlords may not. So look for houses, apartments or townhomes that are individually owned. You can also figure out whether the owner is likely to do a credit check by talking to them. Ask, "what criteria do you use to approve tenants for rental?" If they don't mention a credit check, you should be safe, but if they do, there is more you can do to improve your chances of being approved.
You can get letters of recommendation testifying to your financial responsibility from people you have had a good financial relationship with, such as landlords, your bank or current or previous employers. If you have past due balances, particularly to past landlords or utility companies, you are most likely to get denied. The best way to fix this is to pay those balances and get the person you paid to write a letter stating you have paid in full. Do be careful when you use either of these letters, as you don't want to raise an unneccessary red flag with a landlord who wasn't already aware of your credit history.
If you are worried about being able to get an apartment on your own, you can have a co-signer on your lease. This would be someone such as your parent or a trusted relative with good credit. The downside of this is that if you do not pay your rent or are evicted, the landlord has legal rights to go after your co-signer for the money you owe. Finally, you may have to pay more for your apartment, whether it be a larger security deposit or paying several months of rent in advance, if your credit is poor.
Looking for a new apartment and concerned about a less than stellar credit report? Apartment Specialists can help you find apartments for bad credit that will work with your situation. We have relationships with the apartment complexes and we know who will listen to your side and who just looks at a piece of paper.
Typically, large apartment complexes always run a credit check, but smaller, independent landlords may not. So look for houses, apartments or townhomes that are individually owned. You can also figure out whether the owner is likely to do a credit check by talking to them. Ask, "what criteria do you use to approve tenants for rental?" If they don't mention a credit check, you should be safe, but if they do, there is more you can do to improve your chances of being approved.
You can get letters of recommendation testifying to your financial responsibility from people you have had a good financial relationship with, such as landlords, your bank or current or previous employers. If you have past due balances, particularly to past landlords or utility companies, you are most likely to get denied. The best way to fix this is to pay those balances and get the person you paid to write a letter stating you have paid in full. Do be careful when you use either of these letters, as you don't want to raise an unneccessary red flag with a landlord who wasn't already aware of your credit history.
If you are worried about being able to get an apartment on your own, you can have a co-signer on your lease. This would be someone such as your parent or a trusted relative with good credit. The downside of this is that if you do not pay your rent or are evicted, the landlord has legal rights to go after your co-signer for the money you owe. Finally, you may have to pay more for your apartment, whether it be a larger security deposit or paying several months of rent in advance, if your credit is poor.
Looking for a new apartment and concerned about a less than stellar credit report? Apartment Specialists can help you find apartments for bad credit that will work with your situation. We have relationships with the apartment complexes and we know who will listen to your side and who just looks at a piece of paper.
Saturday, April 21, 2012
Spring Changes for Your Decor
Changing your decor for Spring is a great way to make your home feel as fresh as the beautiful weather outside. About.com has some helpful suggestions for how to transform your space for the new season.One of the quickest ways to make your space feel fundamentally different is to rearrange your furniture. Make sure to allow enough room around the furniture for people to flow naturally in and out of your room and to keep it light and airy. A great way to usher Spring into your home is to literally bring pieces of nature into your space. Put cuttings of your favorite flowers in your vases, add shells or rocks to glass containers, or use driftwood or branches as decorations.
Now is also a great time to make sure your outdoor space, if you have one, is inviting and somewhere you want to spend time. If you're lucky enough to have a balcony, fill it with throw blankets, pillows, rugs, even mirrors to add dimension. Next go back inside and decorate with color. If your landlord won't allow you to paint your apartment, brighten up your room by switching out accessories for ones in a brighter hue, or even use slipcovers to transform your tired old furniture.
Another trick for giving your space a quick makeover? Swap out your heavy drapes for something made of lighter material or in a brighter color. Finally, use the urge to "Spring Clean" to organize all the stuff that's weighing you down so you can enter this wonderful time of year as light as the Spring breezes!
Saturday, April 14, 2012
Travis County Property Values
Travis
County Property values rose for commercial real estate, but most home
values remained flat, according to the Travis County Appraisal
District's Chief Appraiser. The overall market value of all of the
properties on the appraisal role increased 7 percent from 2011 values,
but 5.5 percent of that rise was in commercial and industrial
properties, Statesman.com reports.
The average market value for Travis County houses increased less than a percent, from $271,438 in 2011 to $271,991 this year. 71 percent of homeowners' market value for their homes will stay the same or decrease and just 29 percent will see an increase. Value depends largely on where a home is located, true to the "location, location, location" mantra of real estate. Areas west of 35 showed stronger growth, while homes east of 35 and in the suburbs saw decreases in their market value.
On the other hand, values for apartments and offices increased 15 percent, making Austin one of the best markets in the nation for apartments. Accordingly, average Austin apartment rents saw an increase in 2011, but office rents have just begun to climb. Homeowners can file protests through May 31st, and many can even file them online this year. Notices should go out next week.
The average market value for Travis County houses increased less than a percent, from $271,438 in 2011 to $271,991 this year. 71 percent of homeowners' market value for their homes will stay the same or decrease and just 29 percent will see an increase. Value depends largely on where a home is located, true to the "location, location, location" mantra of real estate. Areas west of 35 showed stronger growth, while homes east of 35 and in the suburbs saw decreases in their market value.
On the other hand, values for apartments and offices increased 15 percent, making Austin one of the best markets in the nation for apartments. Accordingly, average Austin apartment rents saw an increase in 2011, but office rents have just begun to climb. Homeowners can file protests through May 31st, and many can even file them online this year. Notices should go out next week.
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