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Summer is finally over and Apartment communities that maintained 90-100% occupancy levels throughout the summer have now been bombarded with new fall and winter time notices to vacate. Apartment communities pre-lease apartments based on their notices to vacate which are usually given 60-90 days out from the resident’s move date or lease end date.

Most long term tenants are being pushed out of their apartments with rental increases up to $200. Many of my clients recently call me discouraged stating that they have been a perfect resident for 5 years or more and dont understand why their aparmtent community is so anxious to “stick it to them” when it comes time to renew their leases.

The first question I ask them is how much they are paying currentlly ie; a client we’ll call Leslie that I am helping move currently. Leslie told me that she is paying $625 for a 740sf apartment in a community she has lived at for 5 years and is only 7 years old, and they want to raise her rent to $725.?The first thing I told her was that the community wanted to raise her rent $100 due to the fact that since she leased there 5 yrs ago?the market had completely changed. Unfortunately the only people that view long term occupants at an apartment community as an asset are the occupants themselves.

The truth of the matter is that Leslie and many others around Austin whom of which have been exemplary tenants are being viewed as a loss to their apartment communities. With a shortage of available apartments in Austin?the market has changed. For example 5 years ago in South Austin you could get a nice apartmnet at an A class property for between 6-$700. Now you cant even get near an A class property in South Austin for less than $900 and that would be for a 1 bedroom apartment. Availability pushes pricing. If a guy has 50 apartments available they lower prices and offer up a massive upfront concession ie; 1 month free 2 months free etc. But when a management company looks down and sees that they are 96% full which has been the case most of this summer and historically most summers then their rates rise to the market rates (the highest rates they can charge for a particular unit). Long term residents are being viewed as a loss and therefore pushed out.

The good news is that in the last two or three months there have been at least twenty new apartment communities open.? There are also at least 100 more on the horizon. This type of news and the historically slow fall and winter months are forcing apartment communities to drop their prices and drop them fast. There are at least twenty communities that I can think of right now that have dropped their prices $50-$75 in the last month from August pricing to compete with the new properties that have opened or are opening up in their vicinity.

For example the Wyndhaven apartments on Wells Branch. For years wyndhaven was only one of two A property options in the Wells Branch area. Their smallest 1 bdrm apartment 630sf was going for $769 a month. Then comes the Verde Oak Park apartments that opened a month or two ago right next door. The day Verde Oak Park opened their doors Wyndhaven went to $679 on the same floor plan. It still didnt help them though Verde Oak Park has a similar square footage for $710 Brand New Never Been Lived In! Then they were offering two months free upfront. Well if you average out the two months free over the lease term which was 13 months (aka a prorate) $1420 is the total concession or (special)?divided by the minimum lease term which was 13 months thats $1420 divided by?13 months equaling $109.23. The $109.23 is your average monthly concession. You then subtract the $109.23 from the monthly rental rate. $710 minus $109.23 equals $600.77 a month for 13 months. Plus these apartments contain granite countertops, washer and Dryer etc and are BRAND NEW and have NEVER BEEN LIVED in.

So, yes rental rates are dropping dramatically with the rise of new communities you just can’t be fooled by upfront numbers anymore. My advice is that you always contact a Real Estate professional procurement of leasing transactions for the consumer are always 100% FREE. And recommended. Yes rates are higher but if you look past the first picture of the rate being $710 when you’re pricerange is $650 and you end up at Wyndhaven which is over ten years old and a much lesser quality class A property?at $679 then the only one to blame is yourself. With the newer communities trying to fill up their properties they are offering great upfront concessions that will bring the rates back down.

You should always contact an apartment locator before looking at apartments on your own. If that apartment locator dosent find you the best deal available and you are not happy enough to move in then they dont get paid that is your insurance. Austin Apartment Guy would be glad to either help you find an apartment or counsel you on the leasing process. You can contact us through our website http://www.austinapartmentguy.com .?

Troy State University Scholarship, If you have decided that going back to college is a great decision for you, then you need to find a way to fund your decision. This is typically done by locating the appropriate amount of college aid. The problem is trying to find the funding that will get you through the next 2 to 4 years. Here are a few ways that you can find college aid fast so that you can start on your path toward a completed college degree.

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One of the best sources for college aid is a scholarship. Scholarships are typically given by universities or private organizations that are interested in promoting certain individuals through a particular school or degree program because they have shown certain qualifications.

There are a few things you need to consider before randomly applying for every scholarship that comes your way. Here are a few tips on how you should prepare prior to filling out the application.

First, before you apply to any scholarship program, you need to read and understand what the requirements are for that scholarship. If you determine early on that you would not qualify, you will not waste hours if not days of your time filling out and sending in an application that in all likelihood would be rejected.

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Second, once you have determined that you have eligibility for this program, you need to fill it out as thoroughly as possible. This means that for every question that is asked, it needs to be filled in. If you leave any blanks on an application, it will need to a guaranteed delay and you may miss deadlines that may be necessary to meet in order to qualify for that particular program.

Third, while you are filling it out, make sure that you write very neatly. In our information age, more than likely most of the scholarship applications that you fill out will be online. Therefore, you will not have to worry about how legible your writing is. However, some private scholarships in local communities will ask you to fill out paperwork that is physical and needs to be turned in and reviewed by a human being. If it is not legible, it will more than likely be rejected.

Fourth, you are almost guaranteed to be asked to write an essay. Writing an essay will be very easy if the scholarship in the program you are applying for is directly related to your college interest. If you are going for a scholarship in biology, and you have a biology major in mind, you will have no problem writing a great essay. However, if you are going into chemistry, and you are applying for a scholarship in astronomy, not only will you have difficulty writing a good paper, but you will more than likely be rejected because it has nothing to do with the program you are applying for.

Finally, make sure that you keep track of all of your deadlines. In order to get enough money for school focusing only on these programs, you need to keep a file which lists all of them and the deadlines that you need to meet. A great idea is to save a file in Excel on your computer so that you can easily access it from your desktop to keep track of when each application is due.

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Applying for scholarships is one way that you can avoid having tens of thousands of dollars in debt once you have left school. This is usually acquired by taking out multiple student loans to finish your college education. By taking the time now and working hard to get free money for college, you will save yourself years of agony in paying off loans for an education that you needed to have and that will benefit you in the years to come.