“With most men, unbelief in one thing springs from blind belief in another.”   Georg Christoph Lichtenberg

OWNERS NEWSLETTER – MARCH 2018

A/C CHECKS AND SERVICING – We have started our annual servicing of air conditioning units for those owners that have requested this preventative maintenance. The service includes checking the wiring, housing, and fan relay of the inside unit. The fan motor, housing, blower wheels, air filter, thermostat, plenum, attic ducts, evaporator coils, and drain lines are also checked. The outside unit coils, wiring, fan motor, blades, Freon level, and pressure are checked as well. The cost of this service is $65.00 plus tax and does not include parts should a repair be necessary. If you wish to have your property added to our list, please e-mail our maintenance department at repairs@HunterRentals.com

IMPORTANCE OF THIS SERVICE – Barring a roof replacement, your property’s central air system is the single most expensive aspect of the dwelling. With proper maintenance, the average life span of a residential air conditioning system is eight to twelve years. New systems have been costing property owners $4,000 and up. Lack of maintenance is the number one cause of system failure. Even if your renters replace their air filter monthly and maintain a very clean home, it is absolutely worth the cost to have a trained technician inspect and service the system prior to the intense Texas summer heat kicking in.

DEPLOYMENTS – Approximately 3,500 soldiers from Fort Hood’s 1st Armored Brigade, 1st Cavalry Division, will be deploying this spring to Germany in support of Operation Atlantic Resolve.

RENTAL TRAFFIC – We leased twenty-six single-family homes in February and seven apartments. We ended the month with 98% of our houses occupied and with 99.9% of our apartments occupied. We have already rented more properties this month than in February. Presently, we have only four vacant houses, two duplexes, and two apartments available. The Fort Hood area housing market can be quite fluid and go from feast to famine in a relatively short amount of time, but it has been more than fifteen years since we have experienced such high occupancy levels. As is almost always the case, there are multiple factors impacting the current market. There are now fewer homes for sale in the area, so demand for rental housing has subsequently increased. Interest rates have been on the rise, and every time mortgage rates tick up, it reduces the numbers of potential buyers. These would-be buyers will then likely resign to renting. The Texas population continues to be on the rise, and Bell County has seen its share of growth. Many of the new arrivals to our area work elsewhere in areas between Austin. Georgetown, Round Rock, etc.

David Gerke

Broker

Posted by: juliem on March 26, 2018
Posted in: Uncategorized