Tuesday, November 19, 2013

Stay Safe for Thanksgiving!

Thanksgiving is a great time to enjoy family, friends and food.  With the turkey as the center piece of the day, it is important to make sure that the preparing and cooking goes smoothly.  While turkey fryers are the main culprit of Thanksgiving day fires, it is important to use caution when cooking the entire meal, inside or outside.
If you use a turkey fryer, make sure you place the fryer at least ten (10) feet away from your house, deck or any other structure.  The fryer should be placed on level ground, away from trees and shrubs.  If you live in a condominium or townhouse, check with the homeowner's association and make sure you are permitted to use a turkey fryer in your yard or in the common area of the neighborhood.  Most injuries associated with turkey fryers occur before the turkey goes in the fryer.  Read the instructions for your specific fryer and use the recommended amount of oil and monitor the temperature of the oil to prevent overheating.
If you opt for the more traditional oven roasted turkey, make sure your stove is in good working order.  Clean the stove and stove top well before you start the Thanksgiving day preparations.  Keep dish towels and pot holders in a secure location where they can't fall in the oven or on to the stove top.  Finally, make sure you have a fire extinguisher in the kitchen or close by.
 If you do have a fire in your kitchen, call the Charlottesville or Albemarle fire department right away.  Once the fire is under control, please notify your property manager of the situation.  Albemarle County Fire Department has a free fire safety app that you can download from their website.
 If you are concerned that your kitchen isn't ready for the stress of Thanksgiving, please call our maintenance department.  You can also submit an online maintenance request at www.hasbrouckrealty.com.  Our after hours maintenance staff will be on call throughout the Thanksgiving holiday.
 HasBrouck Management wishes all of their tenants and owners a happy and safe Thanksgiving!

Tuesday, July 2, 2013

Pets or no pets?

A common question from potential tenants is "are pets allowed?"  Property managers have to advise their owners on whether they think they should allow pets and if so, should there be limitations on size or number of pets.  While there are some definite concerns about allowing tenants with pets to rent one's property, some new studies are indicating that pet-friendly living is the way to go.
According to a survey done by Apartments.com this year 75% of tenants surveyed owned pets compared to only 43% of those surveyed in 2012.  This means that the demand for pet-friendly housing is on the rise.  According to another study by FIREPAW, only 9% of the rentals in the study allowed pets without any restrictions with 50% of rentals allowing cats and only 11% allowing large dogs.  With such a small percentage of rental properties being available to tenants with pets, the demand for those properties is extremely high.  This creates smaller vacancy rates for pet-friendly properties (10% compared to 14% for properties that don't allow pets) and less days on the market (19 days for pet-friendly compared to 29 days for properties that don't allow pets).  In addition, the study found that landlords could charge higher rent for pet-friendly properties in addition to requiring a pet deposit.  
Despite the opportunity to rent properties faster and for more money, many owners are reluctant to allow Fido into their properties.  Concerns about pets, including damage, neighbor disputes and liability concerns keep some owners from opening the door to the tenants' four-legged friends.  While these concerns are certainly legitimate, the study done by FIREPAW found that tenants with pets had damages averaging $362 while tenants without pets had damages averaging $323, only a $40 difference.  The additional rent owners could charge in addition to the pet deposits more than makes up for the extra costs incurred by allowing pets.
In case owners are concerned about their tenants that live in adjacent properties, the 2013 Apartments.com survey also found that 60% of tenants that did not own pets said they still enjoyed living around those tenants that did own pets.  This makes pet-friendly properties appealing to the majority of prospective tenants.
Property managers are happy to provide the proper paperwork, such as a pet addendum, for leasing a pet-friendly property and can make recommendations as to the amount of the pet deposit and how much pet rent to charge.
The owners and property managers that offer extensive pet-friendly housing options will see huge gains as  Charlottesville, VA becomes more and more a pet-friendly city.

Wednesday, June 12, 2013

Area Real Estate Market Experiencing Positive Growth - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Area Real Estate Market Experiencing Positive Growth - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Summer Living in Charlottesville

The end of Spring in Charlottesville is marked by the festivities of graduation.  As the lazy days of summer approach, be on the lookout for the variety of summer of activities in the Charlottesville area.  All of the area publications such as The HookThe Cville Weekly and The Daily Progress keep a list of upcoming events.  Whether it is concerts, art exhibits, sporting events or festivals, there is something to do almost every day of the week.  If you just want to enjoy the summer weather and don't need an organized event, head out to the Downtown Mall and enjoy a meal or a drink at one of the establishments that offer outdoor seating.  If you are looking to burn a few calories, the Rivanna Trail offers miles of trails for biking, walking or running.  
 One event to definitely put on the calendar is the 4th of July celebration at Monticello.  This year Dave Matthews will be the featured speaker.  There is really no better place to celebrate the 4th than at the home of the author of the Declaration of Independence. 

Thursday, May 30, 2013

Summer Maintenance

This week has been a hot reminder that summer is around the corner in Charlottesville, VA.  Now is a good time to make sure your property is ready for the hot summer months.  Summer maintenance is just as important as winter maintenance.  Hasbrouck Management has already started this process for some of our properties.  Our maintenance department has been servicing HVAC systems and making sure that everyone's air conditioning will be in good working order for the summer. While the cooling system is the most obvious thing to service before summer, there are other items that should be checked as well.  This helpful article from MSN Real Estate offers detailed information on servicing your property.  This is helpful information for both tenants and owners.  Don't forget to check on the outside of your property as well.  This summer home maintenance check list offers some great suggestions for preventative maintenance that can be done to the outside of your home. 
 A thorough maintenance inspection now will offer peace of mind throughout the summer months. 

Monday, May 20, 2013

Generation Y and the Rental Market

If you are seriously considering buying investment property, you should probably take note of a recent report put out by the Urban Land Institute (ULI) called America in 2013.  The ULI surveyed 1,202 adults through out the nation between January 16 and February 3 2013.  In this survey they found that 61 percent of the adults surveyed were more interested in smaller homes with short commutes and easy access to shopping and entertainment rather than larger homes with longer commutes. Seventy-six percent of Generation Y (18-34) placed high value on walkability in communities.  Sixty-two percent of Generation Y also preferred living in mixed developments that had shopping, dining and and office space mixed in with the residential space.  This preference for convenience and diverse neighborhoods suggests that housing and rental market will start trending more in the urban direction rather than the suburban direction. The Baby Boomer (48-66) generation also showed a change in housing trends by moving away from suburban living and more towards urban housing in their preferences. 
 Another finding of the study is that safety and high quality schools are still the most sought-after attributes in a community.  Ninety-two percent of all the participants in the study ranked neighborhood safety as the most important attribute while seventy-nine percent put good quality schools at the top of their list.
 The younger Generation Y is still the mostly likely to rent rather than buy a house. Understanding their housing priorities is in important factor when looking for potential investment property.  Charlottesville, VA offers a variety of properties and property managers with Hasbrouck Management can help prospective landlords find the best investment properties.  Property owners can also use online resources to narrow their search for properties.

America in 2013 by ULI

Websites with statistics about crime and schools in the Charlottesville, VA area:
Crime statistics by neighborhoods in Charlottesville
General statistics about Charlottesville, VA
Charlottesville area school ratings