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Don’t Break Your Lease
Mar 25th, 2009 by andrew

Breaking your apartment lease is probably the last thing you should do to get out of your lease.  A broken lease is awful for your credit and even worse, it pretty much bars you from moving into another apartment community.  If you do have a broken lease, then there are some things you can do in order to correct this blemish on  your record.

A broken lease means that you did not fulfill the terms of your lease and left early.  Most people with broken leases also have a judgment against them for the amount they owe.  Any respectable apartment community, such as The Gateway at Sienna Plantation will not accept you as a tenant in their community.  The one’s that will accept you are either scary or run down.

If you have a broken lease all you have to do is pay off the amount owed.  By this time it is probably at a collection agency and they will probably take less than the amount you owe.  They may even work on some payment arrangements with you.  Although it will remain on your credit, it will show as paid.  Most apartments will then accept you.

If you are thinking about breaking your lease, talk with the apartment community manager.  Many apartments will work with you on the payment arrangements if you show a resolution, and will to pay back what you owe.  If you move out without fulfilling the terms of your contract both the apartment and you will lose.  Don’t prevent yourself from living at a fine community like the Ravello at Tuscan Lakes.

Midtown Houston Apartments
Mar 23rd, 2009 by andrew

The midtown area in Houston is always generating traffic in regards to the several apartment communities in area and the entertainment that midtown provides.  This is really a happening place for those in their twenties and thirties.  There are a plethora of bars, restaurants, and clubs. Downtown Houston is just north of the midtown area and sports the Houston sports teams, and skyscrapers in the area.  Many are within walking distance of each other and this provides for a fabulous atmosphere.  Developers of apartment complexes and town homes have increased their construction dramatically within the last 10 years or so.

We have seen the increase in midtown apartment communities as they have some of the highest rental rates in the city.  The Calais at Courtlandt Square is a 356 unit luxurious properties constructed in 2003.  It boasts fabulous interiors including stained concrete flooring and full size washer and dryer’s in each unit. It is also located adjacent to a brand new high end 24 Hour Fitness.

The Camden City Centre is the newest midtown apartment community. It also boasts some of the higher midtown rates for apartments in the midtown area.  If you are searching specifically in midtown you have view all 7 or 8 of the apartments in 1 or 2 days.  However, if you are willing to live a little west of the area you may be able to find better prices per square foot.  A few years ago you could secure a 1 bedroom in the midtown area in the mid $800’s.  Now the norm is actually closer to $950 dollars.

How To Find a Great Apartment Deal
Mar 17th, 2009 by andrew

Before you start your apartment search there are a few details and ways to find the best apartment deal.  Remember you need to have an idea of what you want and what you are willing to spend. Also there are several ways you can save time before you tour any properties.  Touring apartments can be especially time consuming. The leasing agents are trained to walk you through to the most popular areas including the pool area, fitness center, parking garage, and other common areas.

By the time you have viewed 3 or 4 apartment homes many renters just want to see the insides of the apartment units themselves.  Many of the apartments in the areas you are searching will be shopping each other. They will check each others rates to remain competitive.  Remember though that new apartments with lots of amenities and hardwood flooring will not compete with apartments that are older and feature less. Sterling Ridge Estates will compete with Pine Creek Ranch in The Woodlands. Both were built in 2005. It is not as if they are 15 years apart.

First of all use the Internet and an apartment locator so you can get an idea of what is out there.  Get the pricing before you tour the property. This should give you a great head start.  Also realize that new apartment communities will most likely give you free rent or some other incentive including free deposits or application fees.  Make sure you give yourself at least a few days to make a decision.

About Apartment Fees
Mar 11th, 2009 by andrew

Apartments have all sorts of fees they are starting to charge renters before they move into their new apartment community.  You should be aware of what types of fees these are and what they mean to you.  These fees usually just apply to big box apartment communities likes an AMLI or Archstone.  If you are renting an apartment with a private owner you most likely will just pay first and last months rent.

1) Application fees are usually the first fees you will pay the apartment community.  They will do a complete and extensive background check relating to your financial history and criminal background.  This fee is usually around the neighborhood of $50 per applicant. If you are a married couple you will file a joint application with the apartment community.

2) Administration fees are usually associated with most of the apartment communities.  These fees include the processing and other mundane details of approving you and everything related to this.  Apartment leasing agents will call previous apartment communities getting your detailed payment history. Many new apartment communities like the Carrington at Huffmeister apartments will wave these fees as specials in many cases.

3) Security deposits is just what it sounds like.  It is usually in the neighborhood of several hundred dollars. If you damage your apartment home these fees will be deducted from your deposit. This deposit will be handed to the apartment community before you move in.  Be sure to ask them what portion, if any, is refundable.

4) Many new apartment communities are starting to charge pet rent. Communities like the Carrington at Barker Cypress will add these fees each month to your monthly rent.

Make sure you ask apartment communties if any of these sorts of fees are refundable after you move out of your apartment community.

Gables Memorial Hills
Mar 5th, 2009 by andrew

Gables Memorial Hills will be the newest luxury apartment constructed in the inner loop area of Houston, Tx.  The most amazing the about this property is the amount of money they are trying to lease each unit for.  Apartment data services (ADS) lists 1 bedroom apartment homes with 570 square feet for $1328.  Thats well over $2 a square foot.  Gables Memorial Hills must have some spectacular rabbit up their hat.  If they are going to charge these types of rental amounts they better have the best of the best amenities.  Not many people will want to live in a 570 square foot box. Chances are though that prices have not been finalized. Also they can start by offering 2 months free to the renters or some other sort of special to fill up their vacancies.  I am very interested in seeing what happens to the Houston economy this summer.

Jackson HIll apartments are close by and their prices are much more reasonable.  ADS states that they are offering 2 months free on their longer lease terms.  Houston has undergone a huge apartment construction boom and we for see great apartment specials for renters. In fact there are so many luxurious inner loop apartments, renters will have all sorts of choices in order to make their final decision.

Gables Memorial Hills will probably get a lot of traffic.  However if their prices on ADS are any indication of what they will be charging they may be in trouble.  The location is great and is near all the popular destinations in Houston.

Renting an Apartment with a Felony
Mar 2nd, 2009 by andrew

Felons will find it very difficult finding an apartment community that will accept them. Almost all  Houston apartments will immediately reject individuals with this item on their record.  We have listed a few reasons why felons are denied.

1) Felons usually have questionable work history and poor credit. In addition, most felons have a broken lease at a prior apartment community.  Apartment managers are not looking to chase down their renters for the monthly rent.  Eviction notices and warnings take up time and money.  People who have broken a lease in the past are sure to do it again in the future.

2) Felons have a history of crime.  Renters who obey the law and pay their rent on time usually to not want to associate themselves with felons.  Apartment managers and owners also do not want the police constantly on the property investigating and questioning.  There is no faster way to drive up vacancies and lower rental rates than by allowing felons onto the premises.  Word of mouth travels very fast and with the Internet it travels faster.

3) Individuals with felonies don’t respect the apartment property.  They will stain carpet and damage the interiors of the apartment units.  Apartments homes are not in the business of constantly repair damage caused by its tenants.

Most apartment communities that do accept felons are older and run down.  These apartment homes also accept individuals with broken leases.

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