“He who rejects change is the architect of decay. The only human institution which rejects progress is
the cemetery.” – Harold Wilson
OWNERS NEWSLETTER – DECEMBER 2017
WINTERIZATIONS – With temperatures forecast to dip into the 20s over the holiday weekend, we moved forward with winterizing all of our vacant properties last Friday. We will continue to winterize properties as they become vacant in advance of freezing temperatures expected in the coming ten days. The winterization process includes draining all plumbing lines, covering all exterior water faucets with insulated covers, and applying nontoxic and environmentally safe anti-freeze in all drains throughout the dwelling. The cost of winterizing is $45 plus materials. Once a property has re-rented, the cost of de-winterizing is $35.
RENTAL TRAFFIC – In spite of the many soldiers deployed away from Ft. Hood, we successfully leased twenty-five properties in November. Of those properties we rented, nineteen were single family houses and six were apartments. We ended last month with 97% of our single-family houses occupied and 99% of our duplexes and townhouses occupied, respectively. We also renewed the leases of twenty-five of our existing renters. One noticeable change we have observed this year is an increase in the number of non-military families that are renting from our office. Historically, 95% of our renters were military. Presently, we estimate that approximately 30% of our current renters are non-military.
WWW.HUNTERRENTALS.COM – On December 21st, our new web site went live. With our new property management software, properties we advertise on our website are also listed on hundreds of other listing sites. Prospective renters can now apply to rent via their smart phones. Although our thorough screening and qualifying of prospective renters has always been fast, the credit reports and criminal background checks of applicants can now be completed in minutes. Renters can now pay their rent on line with zero transaction fees, pay by credit card, or pay by cash in their local CVS or 7 – Eleven store.
$70 MILLION – With President Trump’s recent signing of the National Defense Authorization Act, Fort Hood is set to receive close to $70 million in funding. From that amount, $37 million will be used to complete renovations on the 1st Cavalry Division’s headquarters building. The remaining funds will be used to construct motor pools and make repairs and renovations to barracks. The act also provides a 2.4% pay increase for soldiers.
HAPPY HOLIDAYS – From the entire staff here at Hunter Rentals, we wish you a safe and blessed holiday season. We sincerely appreciate your faith, support, and patronage. Best wishes for a happy and successful New Year!