“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” -Abraham Lincoln
OWNERS NEWSLETTER – SEPTEMBER 2018
NEW MULTI-FAMILY APARTMENTS – Thayer Point Apartments will be opening this fall in southwest Killeen. The 188-unit, upscale gated community, will feature one and two-bedroom apartments (650 and 966 square feet respectively). Located near the west end of Stan Schlueter Loop, the apartments will feature covered parking, a salt water pool, outdoor grill area with a pergola, fitness center, sand volleyball court, dog park, and many other amenities.
RENTAL TRAFFIC – An interesting phenomenon has been taking place over the past year or so, which we’ve recently started tracking. For the better part of the past thirty years, the majority of our renters (95% or more) have been active duty soldiers and their families. Presently, soldiers and their families make up approximately 40% of our renters. Of the thirty-two properties we rented last month, about 80% leased to non-military families. In spite of the demographic shift, the rental market remains relatively robust. We ended August with 98% of our single-family homes occupied, and with 99% occupancy in our multi-family.
INTERNATIONAL HOME SALES – Texas ranks 3rd for international home sales in the nation according to the Texas International Homebuyers Report released by the Texas Association of REALTORS®. Only Florida and California (respectively) had more international home sales between April 2017 and March 2018. Of the 266,800 homes purchased by international buyers during this time period, Texas accounted for 9% of those sales, with 24,012 international home sales.
HEATER CHECKS & SERVICING – It’s that time of year again. In a few weeks, we will begin our annual inspections and maintenance of furnaces for owners that requested this service. Having this service performed ensures that the heating units are operating safely and efficiently. With regard to gas furnaces, carbon monoxide poisoning cases always increase this time of the year due to faulty heating systems that run on natural gas, propane, etc. Carbon monoxide is a gas that is both invisible and odorless and can cause illness or even death. Often times, its symptoms are confused with flu or food poisoning. The inspection includes all aspects of the following: Air handler, switches/relay, fan, filter, thermostat, plenum, ducts, alarms, gas lines, valves, burners, pilots, etc. The cost of this service is $65.00 plus materials if a repair is required. Please contact our maintenance department at repairs@HunterRentals.com if you wish to have your system inspected and serviced.