Blog

Tenant Referral Fee

We currently have one-bedroom shared apartments available. If you know someone looking to rent, you could receive a referral fee up to $50. In order to receive this, follow the steps below:

  • Send us an email (contact@allcountyuniversity.com) or call us (352-505-7186).
  • Give the name and number/ email of the person interested.
  • If that person is accepted and rents from us, you’ll be given a $50 check.
  • Follow up by email or phone to check on status of receiving the referral fee.

To view our available rentals currently, hover over “available rentals” at the top of the screen and click “search rentals.” From there you’ll be able to view current listings and make an appointment to view them.

Rental Market Update

Source: Federal Reserve Economic Data/ Apartment List/ Zillow

Every one of the nation’s 100 largest metro areas has seen month-over-month rent growth. This has been occurring the past 5 months. Zillow data shows the national increase as well, up an average of 11.5% or $200, compared to last year. Some single-family suburbs and neighborhoods have been seeing price spikes from 15-21%.

Home prices first spiked after the pandemic due to everyone entering back in the market at once. While the renter market is slower paced and took longer for the surge of renters to come back in the market. The increase of people moving is causing increased demand in both rent and homes since there is a limited supply helping inflate these prices.

Many view renting as a steppingstone to home ownership. This past year many people are moving from cities into suburbs and smaller towns. The main reason for this is due to the price’s cities are charging for rent and homes prices many can’t afford so are forced to relocate. This causes an increase in demand for rentals and homes when’s there’s not enough supply to keep up. Vacancy rates are at historical lows and have shrunk 36% this year. Currently only 3.8% of rentals are still vacant.

All of this is accompanied by seasonal trends, summer is known for a hotter market and higher growth for rentals. Entering fall and winter this tends to slow down and rentals aren’t in such of a hurry. The resumption of evictions could cause a reduction of price pressure by opening up new vacancies. Prices of course will be higher going into 2022 then they were entering 2021.

Signs That You Need To Replace Your Septic Drain Field

Source: WSDOH/ Pink Plumber

Nobody likes foul-smelling sewage backup in their yard and there are plenty of things you can do to prevent this problem from happening. Although sometimes it’s easier to just invest in a new one. You’ll want to make sure it really needs to be replaced since it’s an expensive investment.

Here are some signs of needing to be replaced:

Age Of System- While the septic tank itself can last up to 30 years this can also be fixed and have maintenance done, on the other hand a septic drain field lasts around 10-20 years and its easy to shorten the life expectancy of one.

Backup- When a septic drain field fails this can lead to water backup in sinks, showers, or water draining very slowly.

The Yard- If the yard is greener near the septic field or the area is soggier, this can be a sign the system has failed.

These systems can fail due to various reasons but the most common reason for failing early is too much solid waste made it to the drain field which caused it to fail. However, if too much water has saturated the drain field there’s a possibility it can be dried out and rehabilitated. If any of these issues occur after multiple septic tank services, this could be a sign the field needs to be replaced. It’s always best to contact a service specialist to assess the situation.

Using Real Estate As An Inflation Hedge

Source: Realized

Inflation benefits real estate investors that earn income from their properties. This benefits the investors with multi-family rental units the most. This is because higher home prices often mean higher rent. Being able to increase your properties rent while keeping your mortgage the same gives an opportunity to pocket more monthly income.

Real estate gives a unique opportunity, as home prices rise over time it lowers the loan-to-value of any mortgage debt, this acts as a discount to any investor with a mortgage. This causes the property equity to increase while the fixed-rate mortgage payments remain the same.

Property values tend to be on an upwards curve over time. This acts a good investment but also can provide a steady cash flow for investors over time. Investing in multi-family properties is one way to use real estate as a hedge. These include shorter term leases allowing an investor to adjust rent prices more frequently to adjust with the market. Unlike commercial real estate where the lease terms which usually have multi-year business terms.

Apartment complexes are unique as they are always in demand. The demand for these tends to increase when home prices rise as well. This means apartment complexes would be likely to have many long-term leases and tenants, giving investors the opportunity to start new leases at adjusted rates.

While there are many aspects of inflation that are difficult to avoid, real estate is one way to protect yourself.