4408 Hank Avenue 12 Month Leased


4408 Hank Ave 12 Month Leased

The little house on Hank is no longer available. It has been leased out to a great family.

This is the hottest that this market has ever been! There were too many great people to choose from. I wish everybody else good luck on finding a great new home.

Special thanks to Welcome Home Leasing.

Great work on refinishing the bathtub from Advanced Bathtub Refinishing.

[audio:http://freemanproperties.com/wp-content/uploads/willie_nelson_blue_skies.mp3]

Rents Soar

The biggest news in the 1-4 unit property niche this year (and it’s a similar story for all multifamily) has been the remarkable increase in rents. The Austin Business Journal quotes a recent Marcus and Millichap survey showing rents increasing by 4.2% this quarter, and another 5% next quarter. This is on top of an overall gain of 5% in 2010, according to the Texas Apartment Association.

The three major factors responsible for the increased rents are:

  1. An improving economic outlook and better unemployment numbers. Austin’s unemployment rate at 6.8% is very near the lowest of any city in the United States.
  2. The increasing difficulty of obtaining financing, especially for first time homebuyers, who will necessarily continue to be renters longer than the previous generation.
  3. Extremely limited supply of new multifamily construction coming online. This of course will change in coming years as new multifamily is built; however those new landlords will have to charge a premium to cover their development costs, which protects older properties with much lower debt service costs (who can therefore charge less rent and still profit).

About admin

I live in Austin the capital of Texas and the self proclaimed “Music Capital of the World” with my lovely wife Jenny and our two beautiful children: our son Garrett, and our daughter Grace. We enjoy being together as a family and with other family in the area. We like to try new food and go to our favorite restaurants. We enjoy travel and try to go to an exciting new place every year, as well as visiting existing favorite locations. I also enjoy pursuing passions such as photography. My wife and I love music and listen to Austin musicians and touring bands as much as we are able to now with the little ones. Volunteer work for SXSW and Old Settlers Music Festival. I operate a consulting business, doing freelance business as Matthew Comer and syphonsoft Web Hosting. I have several projects and long-term clients. I perform consulting to the State of Texas as a Catalog Information Systems Vendor (CISV) and can be found on the Centralized Master Bidders List (CMBL) Vendor ID: 1205325509200. I am a business man and aspiring entrepreneur at heart. I operate several small businesses, Freeman Properties Property Management Company as well as other businesses listed on this site. I am currently employed as a contractor with Titan Solutions providing consulting for IBM. I work on a great team in the PartnerWorld Business Partner portal as a part of the IBM Global Technology Services (GTS) with the IBM Global Channel Enablement (CE) division. I started my seventh consecutive year-long contract in December of 2010. I am doing some amazing work on this team. I had built a system in which editors on the team can create and maintain HTML pages using an XML/XSL integrated WebSphere system. This allows the users to create pages much more easily. I enjoy the work, this is the best work of my career. This system is being sunset and we are migrating our systems to various internal CMS systems. I have taken on a new role of Content Manager for my growing team of India resources. I assign tasks and manage schedules on a daily basis. I am not looking for further employment at this point, but I am always open to hearing about other opportunities. If you are an employer or headhunter and know of a great working remotely employment opportunity that may be a really good fit that closely matches my skill-set, then please view my résumé. However, know that I am not actively looking for new employment, nor would I likely accept other employment at this time. If you are interested in hiring me as an independent consultant, contractor, web developer/designer to develop your website; or to redevelop and rethink your website, as my specialty is redeveloping and maintaining existing sites, then please contact me.