Apartments for Rent North Dallas â?? How to Find the Right Tenants

Do you have apartments for rent North Dallas If so, you know that it is hard to find the right tenants. If your apartments are vacant right now, you are losing a lot of money. Do not just learn how to find the right tenants. Learn how to keep your tenants happy if you want them to stay in your apartments for several years.

Most landlords make mistakes when they are choosing tenants. They do not do a background check. They do not use the right marketing strategies. And they use unreliable and untrustworthy property management companies.

The following are the best ways for finding the right tenants in North Dallas.

Internet Marketing

People use the internet when they are searching for apartments for rent in North Dallas. They do not visit apartments before checking them out online. And they visit websites of the top real estate companies and property management companies in North Dallas.

Hereâ??s how to promote your vacant apartments online.

Firstly, create a mobile-friendly website. People search for information on their mobile phones so they will visit your website if it is mobile friendly. And Search Engines rank mobile-friendly websites. Hire a web designer to create a professional website. Use your website to promote your vacant apartments.

Secondly, learn and master Search Engine Optimization, especially if you are on a tight marketing budget. SEO works. It helps websites rank in the Search Engines. And it helps generate organic traffic. It is easy to convert this traffic because it is highly targeted.

Furthermore, use Social Media Marketing. It is cost effective. Use it if you want to see fast results. But you need to learn how to these websites properly. Why? Because there are so many people losing money with Social Media marketing. So, learn how to use Social Media websites to promote your vacant apartments.

Lastly, use video marketing. Do you love creating videos? If so, use them to promote your apartments. Videos are great because they rank in the Search Engines. And they help build trust with your viewers. Do not create promotional videos all the time. Create informational videos and post them on Video Sharing websites.

Newspaper and Local Magazines

Newspaper ads still work. There are people who still read local magazines and newspaper. Write a great ad. And if you donâ??t know how to write an ad, hire an expert to write your ads. It is easy to convert the people who will call after reading your ad. Most of these people live in Dallas, so they will come and check out your apartments.

Property Management Companies

Reputable property management companies save time and money. Hire them, especially if you have several apartments for rent North Dallas. These companies know how to find the right tenants. They do a background check. They select tenants who pay rent on time. And they manage their properties properly so they will keep your happy tenants all the time.

Are you searching for tenants in North Dallas? Use the information in this article when you are searching for new tenants. If you are always busy, use a reputable property management company.

Land prices aren’t so cheap as people flock to TX

Texas, the land of wide open spaces, had long been known for its abundant supply of cheap land. But that might be changing.

Economic growth and an influx of new residents are pushing up the price of land in the Lone Star State, according to research published this week by the Texas A&M Real Estate Center. As a result, land costs are accounting for an increasingly larger share of the price of a home here, while remaining low compared to the U.S. as a whole.

Statewide, 20.4 percent of the cost of a typical single-family home went to the land in 2016, up from 5 percent in 2011, the research shows. In Houston, the share rose to 25.1 percent in 2016 from 7.1 percent in 2011, the steepest incline among other large Texas markets.

The median price of a home in Texas rose from $138,000 at the beginning of 2011 to $230,500 in April, while in the Houston metro area it increased from $136,950 to $240,000, according to the real estate center.

In many parts of the state, a tight supply of homes on the market and a shortage of construction workers — problems that plague large parts of the U.S. — are causing home prices to surge.

Economic growth is drawing thousands of new residents to Texas, but there is a limited supply of land that is available to be developed, with access to all the required infrastructure, said Jim Gaines, the real estate center’s chief economist. He noted that municipal fees, such as impact fees intended to cover the cost of water infrastructure, are also on the rise.

“It’s a common-sense, obvious thing — as you grow the number of people and households, they’re going to need housing somewhere,” Gaines said. “The supply of the land is fairly plentiful, but supply is always relative.”

At 20.4 percent of the cost of a home, Texas land prices are still relatively cheap compared to elsewhere in the U.S., according to Texas A&M’s research. In 2016, the cost of land accounted for 33.5 percent of the price of a typical home nationwide, up from 24.8 percent in 2011.

But Texas has lost some of its edge in home affordability, which has historically helped the state attract residents from elsewhere, according to the research. In 2016, the median price of a home in Texas was 78.8 percent of the nationwide median, while in 2005 it was 61.6 percent.

Land prices are likely to continue their rise while Texas’s economy grows, Gaines said.

In San Antonio, land prices contributed to 15.2 percent of the cost of a home in 2016. In the Dallas metro area, land costs accounted for 29.4 percent of the cost and in Fort Worth, 22.4 percent.

“Until we figure out how to develop and convert that raw developable land into developed land, and to it at a cost-efficient ratio,” Gaines said, “we’re going to have this continuing thing.”

rwebner@express-news.net

Nancy Sarnoff contributed.

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BRT Apartments adds property in Dallas/Ft. Worth, Texas

BRT Apartments (NYSE:BRT) acquired Landings of Carrier Parkway, a 281-unit multi-family property located in Grand Prairie, Texas for $30.8M through an entity in which it has a 50% equity interest.

The acquisition price of $30.8M includes $19M of mortgage debt maturing in 2028.

The company contributed $7.3M of equity in connection with the acquisition and anticipated improvements to the property.

The Company has acquired six multi-family properties for a total purchase price in excess of $230 million in fiscal 2018.

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Fort Worth real estate agency Trademark Property Co. to build the future of the Galleria Dallas – Dallas Business Journal

Trademark Property Co. will work with retail, design, real estate, and development experts, along with city and community leaders, to develop a plan for one of Dallas’ most iconic shopping spots.

UBS Asset Management, which owns the Galleria Dallas, has hired Fort Worth-based Trademark to manage, lease and evolve the 1.4-million-square-foot development.

The Galleria is the “gateway” to the planned Midtown project, which is slated to bring 450 acres of new office, multifamily, retail and entertainment developments, as well as a city-programmed park. While apartments and office space are planned for the development, most construction has stalled due to disagreements over zoning and public sector initiatives.

Planning for the Galleria and surrounding property will begin immediately, UBS said in a news release, and will use feedback on what the future of the property should look like. Trademark will work with UBS to create a strategic plan and develop initiatives based on market and customer research, best practices and innovations in retail.

“We see enormous potential in Galleria Dallas as a true destination-worthy mixed-use district and gathering place for North Texas,” Trademark CEO Terry Montesi said in a prepared statement. “People expect more from mixed-use places today than ever before. We intend to consider every option as we evaluate how best to evolve Galleria Dallas – from the addition of other uses, improved service and experience, to added technology, destination-worthy common areas, and a thoughtful collection of best-in-class retail and restaurants. It’s about identifying strategies that fit the changing role of brick and mortar retail and mixed-use places in customers’ lives.”

Trademark has also worked on developments like Dallas’ Victory Park and Fort Worth’s WestBend.

North Texas Commercial Real Estate Developers

Ranked by Local Commercial Space Developed in 2016 (in sq. feet)

Rank Business name Local Commercial Space Developed in 2016 (in sq. feet) 1 KDC Real Estate Development & Investments 4.25 million 2 Trammell Crow Co. 3.90 million 3 Hillwood 3.10 million View This List

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Surprise? It Costs More To Rent A Luxury Apartment In Houston Than In Dallas Or Austin

Want to live in luxury in Texas? It will cost you more in Houston than in Dallas or Austin.

A high-end apartment in Houston costs about $1,448/month, RentCafé reports, using data from Yardi Matrix. In Dallas, the average is $1,428, and in Austin it is $1,432. Houston and Dallas have the same spread between high-end and low-end multifamily offerings: $490. Austin’s gap is smaller; residents only have to fork over $371 more to make the quality leap in the capital.

The cost of living in Texas is still lower than much of the U.S. The national average rent in a high-end building is $1,640/month.

Dallas may overtake Houston soon for priciest apartments. Its luxury rents have increased 7.4% in the past three years. Austin’s have risen 6.7%, while Houston’s are only up 1.8% since 2015.

The amount of multifamily supply coming online is expected to drive apartment rents down across the nation. Most of the multifamily projects that delivered in 2017 were high-end apartments. Dallas and Houston are among the top 10 cities in the nation with the most apartment inventory scheduled to deliver this year. New supply is expected to level off in 2019.

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Texas Realtor Tony Nuncio Achieves 5-Star Status in Dallas/Ft. Worth – Dallas Business Journal

DALLAS, May 1, 2018 /PRNewswire-PRWeb/ — For the sixth consecutive year, Dallas native and Realtor Tony Nuncio, founder of The Nuncio Realty Group at Dallas City Center Realtors, was named a 5-Star Real Estate Professional by Texas Monthly Magazine.

"I’m honored and humbled by my recent selection as a 5-Star Real Estate Professional in the Dallas/Ft. Worth area," said Nuncio. "My clients are everything to me. I strive to provide superb service to all of my clients. The fact that this is the sixth year I’ve been awarded this honor is overwhelming."

Nuncio was recognized by Texas Monthly Magazine for being at the forefront of today’s ever-changing real estate market, utilizing current technology to maximize his clients’ home buying or selling experience. "I pride myself on providing my clients with the highest level of personalized service and enjoy sharing my extensive market knowledge to assist them in finding the home that best fits their needs and desires," added Nuncio.

Nuncio, who is renowned for his high level of integrity, commitment to service excellence and his ability to produce results for his clients, has also been named by Goldline Research as one of the Top Most Dependable Real Estate Professionals in Texas and, since 2008, D Magazine, a Dallas local magazine, has named Nuncio as one of Dallas’ Best Real Estate Agents and/or a Top Producing Real Estate Agents.

"Tony did an amazing job. Before Tony, our house sat on the market for three months without a single offer. When Tony took over, he got us multiple showings a week, and a contract very quickly. He was in contact with us frequently and would let us know what was going on. We will use Tony again because the experience was great," stated clients William and Jennifer S.

Nuncio has a Bachelor’s Degree in Business Studies and a Master’s Degree in Management, both obtained from Dallas Baptist University. Prior to becoming a Realtor, he spent 30 years in various management positions in the telecommunications and restaurant industries. In his spare time, Nuncio loves to travel, supports the local arts, exploring local restaurants, and most of all, spending time with his family and friends.

About Tony Nuncio, The Nuncio Realty Group
Tony Nuncio has been a licensed real estate agent since 2003. Although his business spans the entire Dallas/Ft. Worth Metroplex, Tony has expert knowledge of the East Dallas/Lakewood, Lake Highlands and Oak Cliff areas. The Nuncio Realty Group can help you sell your home and/or help you buy the home of your dreams. For more information, please call (214) 395-0669, or visit http://www.thenunciorealtygroup.com. The Nuncio Realty Group is located at Dallas City Center Realtors, 3100 Monticello Avenue, Suite 200, Dallas, TX, 75205.

About the NALA™
The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. The information and content in this article are not in conjunction with the views of the NALA. For media inquiries, please call 805.650.6121, ext. 361.

SOURCE The Nuncio Realty Group

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Washoe County Votes to Dismiss Appeal, Move Forward on Housing Development

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The Lemmon Valley area is set to get more than 200 new homes if a planned development moves forward, but residents in the area are fighting it, saying it will make their homes less safe.

Members of the Lemmon Valley/Swan Lake Recovery Committee were trying to stop the development using an appeal, but Tuesday afternoon the commission voted that the appeal wasn’t valid.

That came as a big disappointment to the appellants, who crowdfunded on social media to pay for the process.

"We had over 190 people donate for us to do this appeal," Lemmon Valley resident Tammy Holt-Still said. "None of these residents are being heard. It’s all developers and that’s it."

The commission voted three to one to dismiss the appeal, because the appellant (Holt-Still) lives too far away from the development to merit consideration. County officials say that rule is meant to stop people who don’t live near the area from interfering in other people’s neighborhoods. The county sends notices to the homes within the immediate area of development, so they can give public comment.

Holt-Still called their reasoning "disgusting," saying she should be allowed to appeal.

"Considering my backyard flooded from that last year, and the fact that mosquitoes travel three miles, it does affect me," Holt-Still said.

The Lemmon Valley Heights project would add 206 homes to a 128-acre parcel off of Estates Road, on the east side of Lemmon Drive. The project is near Swan Lake, the previously dry lake bed that filled with water and flooded homes during the unusually wet winter of 2016-2017. The lake bed still has water in it, and some homes still show damage from the flooding. The county has put up HESCO barriers to keep the water back, but it’s an expensive solution to maintain, and it isn’t foolproof. The county is planning to buy up the worst affected homes so the owners can relocate and that area can be barred from further habitation.

Now, the concern from residents in the Lemmon Valley/Swan Lake Recovery Committee is that additional development will just make the flood risk worse, since developed land doesn’t absorb as much water as open land.

County officials say the developer is required to build to code, which includes managing any extra water runoff.

"I think it’s really important for everybody to know that we don’t just willy nilly approve development," Assistant Washoe County Manager Dave Solaro said. "There’s a whole long process this goes through to make sure that it makes the requirements currently within our code."

Solaro said the developer still has to pass a lot of hurdles to get the first building permits, but he does expect that to happen. And from the county perspective, he said building more homes is much needed.

"We are all struggling with trying to make sure we’ve got affordable housing," Solaro said, "and this is one way to do it, by actually creating more housing pool available."

Holt-Still said their group plans to keep fighting the project, saying they don’t believe the measures being taken by the developer are sufficient to mitigate the flood danger.

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Greystone Real Estate Advisors Expands in Houston with National Apartment Advisors Team

NEW YORK, April 18, 2018 (GLOBE NEWSWIRE) — Greystone, one of the nation’s preeminent real estate lending, investment and advisory companies, announced that it has welcomed National Apartment Advisors of Texas to the Greystone network. The new joint venture, Greystone NAA, focuses on providing a full range of multifamily advisory services to clients in Austin, Dallas, Houston, and San Antonio, capitalizing on Greystone’s comprehensive financial platform and NAA’s multifamily sales expertise in those regions.

Heading the Greystone NAA team is a group of real estate advisory leaders with over 80 combined years of experience. Since founding the company 5 short years ago, the NAA team has closed more than 150 transactions totaling over $1 billion. Abraham Garza III and Jordon Emmott are co-founding partners of NAA, alongside NAA partner Shayan Hasnain. Rounding out the Greystone NAA team are directors Jamie Harrington, Ryan Mendez, and Walter Montague, senior analyst Sunjay Arya, with Lindsay Steszewski leading operations.

“NAA has consistently been one of the most active and competitive brokerage companies in Houston,” said co-founding partner, Jordon Emmott. “This joint venture with Greystone will give us a platform which puts us on a level playing field with our competition. I have no doubt that we will be able to further excel as a team and deliver far superior results for our clients.”

The Greystone NAA team will specialize in multifamily and mixed-use property or land acquisitions and dispositions for both institutional and private investors. With its extensive regional market knowledge, the Greystone NAA team has been touted as a top deal producer in the Houston commercial real estate market in its five-year history.

“I am thrilled to welcome such an energetic, driven, and robust team with expansive real estate market knowledge across the state of Texas to Greystone,” said Jim McDevitt, President, Greystone Real Estate Advisors. “Combining NAA’s sales advisory expertise with Greystone’s existing lending resources based in Irving and nationwide, we have a dynamic “dream team” of entrepreneurial and motivated salespeople. I feel this team will be unstoppable, and can’t wait to see what they accomplish.”

About Greystone NAA
Greystone NAA focuses on providing a full range of multifamily advisory services in Texas. Its Real Estate Advisors team provides services in sales, acquisitions, and a full spectrum of advisory services including debt, acquisition, and investment sales in commercial real estate. For more information, visit www.greycoadvisors.com.

About Greystone
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its Multifamily Real Estate Advisors team provides services in sales, acquisitions, and a full spectrum of advisory services including debt, equity, acquisition, and investment sales to multifamily owners and investors of affordable and marketrate housing. For more information, visit www.greyco.com.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@Greyco.com

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Opus Virtual Offices Expands With New Prestigious Location in Dallas, TX

Opus Virtual Offices, a nation’s leader in the alternative workspace industry with more than 650 locations in all 50 U.S. states and Canada, has announced the opening of its most recent addition to the network in presitious Uptown Dallas, Texas. Located at 3626 North Hall Street – steps from Turtle Creek and the beautiful Rosewood Mansion – the site is situated in a prime business location and includes every detail needed to project a refined, polished, professional corporate image. For only $99 per month, Opus provides a live professional receptionist to answer and forward calls during business hours; a prominent corporate mailing address; local business phone and fax numbers as well as voicemail and fax to email transcription.

In addition to the basic package of Opus Virtual Office services, its new uptown Dallas location offers access to impressive, high tech conference rooms, free visitor parking and use of a guest lounge when doing business with clients as well as complimentary snail-mail scanning to email.

“Our new office in Dallas is in a fantastic, prestigious metropolitan location sure to impress any clients,” said Opus Virtual Offices CEO Yori Galel. “Besides our great $99 package of features, the additional amenities included at this Opus operated upscale property make it an ideal space for any company seeking to hone their professional image.”

Opus Virtual Offices offers more than 650 locations in all 50 U.S. states and Canada. With an Opus virtual office, every element is in place to establish an impressive corporate identity and operate businesses seamlessly, regardless of the organization’s true size or geographic location. Opus Virtual Offices has become the fastest growing company in the alternative workspace industry thanks to its simple, all-inclusive $99 per month pricing.

In fact, depending on the location, an Opus Virtual Office can not only significantly reduce office overhead, but can also dramatically boost a company’s profits. For example, utilization of the Opus Virtual Office locations in Wilmington, DE and Tampa, Ft. Lauderdale and Boca Raton, FL, has allowed hundreds of Opus clients to instantly cut thousands from their annual tax bill, thanks to those states function as low corporate tax domicile areas.

Further information is available at www.opusvirtualoffices.com

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