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Apartment List National Rent Report

Rents fluctuate from time to time in every city. Staying up-to-date with  these fluctuations is very critical. When you are moving for instance, you could take advantage of a short-lived decline in the average rent of a given city. Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. Read through the excerpt below and click on the green button to view the rest of the National Rent Report.


Methodology Updates

Apartment List is committed to making our rent estimates the best and most accurate. As part of our efforts towards that goal, we’ve recently made some changes to our methodology. Data from private listing sites, including our own, tends to skew towards luxury apartments, introducing sample bias.  

In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau. These then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use a same-unit analysis similar to Case-Shiller’s approach. This approach only compares those units that are available across both time periods. As a result, it provides an accurate picture of rent growth in cities across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions. You can read more about our new methodology here.

Welcome to the October 2017 National Apartment List Rent Report! Our national rent index is down 0.1 percent month-over-month, marking the first time since January that we’ve seen rents fall.

Read on for an analysis of the trends we’re seeing this month:

National index down 0.1 percent month-over-month

After increasing by 3.1 percent through the first eight months of the year, our national rent index fell by 0.1 percent between August and September. This is the first time that we’ve seen a rent decrease since January. Year-over-year growth is currently falling in between the levels from the two prior years.

Rents began to flatten last month, with our national index posting the smallest monthly gain since January, and now growth has actually turned negative. The fall and winter months are generally the off-season for renting when we tend to see lowered growth, but it’s rare to see rents fall, even by a small amount. Going back to January 2014, this is only the fifth time that our national index has decreased month-over-month, with the other four months of negative rent growth occurring during the slump at the end of last year.

Despite the decrease over the past month, rents are still up 2.8 percent year-over-year at the national level. Year-over-year growth is currently falling directly in the middle of the 2.2 percent rate from this time last year and the 3.4 percent growth rate from October 2015. Year-over-year rent growth continues to pace ahead of the overall rate of inflation, which stands at 1.9 percent as of the latest data release. Rents are also growing slightly faster than average hourly earnings, which have increased by 2.5 percent over the past twelve months.

Rents down month-over-month in 49 of 100 largest cities

The slight drop in rents at the national level is being mirrored in many of the nations biggest markets — the map below…

Step-By-Step Guide to Leasing Your Rental Property

There are a couple reasons why you may choose to lease out your rental property. For one, You could be the owner of several properties and decide to rent out a couple of them, instead of letting them lay idle. You could also be a struggling home owner and decide to rent out a room just to make ends meet. Either way, you need to ensure that your rental property remains safe. Everyone would want a win-win situation- income at the end of the month, and with no property damages accrued. Our friends at apartmentshattiesburg.com published an informative blog post showing you how to successfully lease out any of your rental properties. Read through the excerpt below and click the green button to read the entire post!


A Step-By-Step Guide to Leasing Your Rental Property

With renting becoming increasingly popular throughout the country, many people are turning their homes into an income-generating rental property.  Have you been considering this? If yes, it’s important to get clear on the ins and outs of becoming a landlord.  We’ve all heard the horror stories of terrible tenants so save yourself the potential trouble and do it right the first time by following these simple steps.

Know When Renting Your Property the Right Decision

leasing your apartment propertyPerhaps you are considering turning a second home into a rental property. You could also be looking to rent out your primary residence or even just a bedroom within it.  There are a few reasons why any of these would be a great decision.  Perhaps the market has taken a turn or you owe more on your property than it is worth, leaving you unable to sell.  Maybe you have a second property that is being largely unused, or you have been transferred temporarily out of town. In any case, rather than leaving your property sitting vacant, it can be a great idea to find a tenant.  A good tenant will help you to cover the expenses associated with the property. He will also deter looters, help with the upkeep, and hopefully contribute to your monthly cash flow.      

Know Your Responsibilities as a Landlord

The idea of additional income is the most common reason you might convert your property into a rental property, but being a landlord takes a lot of responsibility.  Your new role will include repairs and maintenance to the property, showcasing the property, collecting rents, screening, accepting, and potentially evicting tenants, ensuring that the tenant is following the terms of the lease and the HOA, if applicable.  Make sure that you are up to the task before you take the next steps.

Prepare the Property

Now that you’ve established your own preparedness, it’s time to get your property up to speed.  Take a look around your existing rivals (similar rental properties in the area).  Notice what amenities are being offered to potential renters.  Based on what you find, you can assess your own property and decide what repairs and upgrades need to be made.  The tough part about this is remembering not to go overboard.  You will need to take into consideration whether or not the money you sink into the property will be offset by the rental income you will be able to recoup. You may want to hire a professional cleaning company to come in once it’s all said and done to ensure that your property looks its very best for potential renters….


    

Renters want that homey feeling, Research suggests

Everyones dream is to rent an apartment that feels like a true home. It’s usually the simple things that makes it feel that way- the smell of fresh air, the sound of a distant river or even the distant sound of playing kids to mention a few. Inasmuch as everyone likes change, we would all prefer the norm when it comes to the surroundings. A homey feeling helps you re-live some of the most treasured childhood memories with your own family. It also helps prevent distress to some extent.  Our friends at Multifamily Executive did a comprehensive post about this. Read through the excerpt below and click on the green button to read the rest of the post.


It’s no surprise that price and location are the two biggest factors for most renters in determining their next place to live. Even so, the first National Renters Index survey by Detroit-based property management company Village Green proved otherwise. Respondents indicated they want to live in a community that feels like a true home.

According to the report, which surveyed 1,000 renters nationwide (not Village Green–specific), the features renters seek most in a community are a “homey” look and feel (62%). To enumerate:

  • That it “fits my lifestyle” (60%)
  • The ability to issue a maintenance request online (52%)
  • High-end property amenities (52%), such as upgraded kitchens and bathrooms and hardwood floors.

ABOUT THE INDEX

The first Village Green National Renters Index was conducted online. 1,000 respondents were surveyed in seven markets across the country (Atlanta, Chicago, Dallas, Detroit, Minneapolis, Phoenix, and Philadelphia). The survey was performed using SurveyMonkey and Research Now polls in February and March 2017. All participants had to be active renters in a residential property.

The Pew Research Center identifies the millennial generation as people born between 1981 and 1997. Generation X refers to people born between 1965 and 1980. The baby boomer generation includes people born between 1946 and 1964.

The homey look and feel of the community was the top response for

  • Millennials (62%)
  • Gen Xers (66%)
  • Baby boomers (61%).

“The feedback from this National Renters Index serves as a call to us all that we need to be listening to our current and prospective renters about the amenities and experiences [they’re seeking] from their next rental experience,” said Diane Batayeh, CEO of Village Green, which operates in more than 30 U.S. cities, in a statement. “To maximize resident satisfaction, we need to ensure that renters [believe they’re] getting a special experience and living in an environment filled with sought-after amenities and the feel of home.”

 

The index also asked where renters are looking for referrals and reviews as part of their search for their next home. Notably, 45% of renters said using third-party rental websites was important for their search, while 40% mentioned online review sites as key resources and influencers for their housing hunt. While reflecting on those figures, Village Green pointed to the increasing importance of effective social media strategies, both proactive and reactive.

Nearly 70% of renters research communities online at some point during the search process, according to the index…

 

5 Reasons to Renew Your Rental Apartment

There are always pros and cons to renewing an apartment lease. One of the cons, at the moment, is that apartment rental rates are on the rise. However, Apartments Hattiesburg has recently published a blog post that shares five reasons why you should renew your rental apartment. Most of the reasons center around the concept of how you may be saving money, by staying where you are. One of the reasons centers around the benefits of renting from a good landlord and having good neighbors. You never really know what a new landlord or neighbors will be like! The excerpt below will give you an idea as to why you should renew your lease. If you like the excerpt, please feel free to click the button at the end of the post, to read the full article!


5 Reasons to Renew Your Rental Apartment

 Oct 24 2017  2:05PMThe cool thing about being a renter is the vast array of options available to you when it comes to your home.  For some renters, the lack of commitment to anything longer than a 12-month lease can be extremely intriguing, but for others, the thought of picking up and moving can feel like a daunting task. However, with rental apartment prices on the rise throughout the country, more and more tenants are being faced with the big decision of whether or not to renew their rental agreements.  The reasons not to renew seem glaringly obvious, but let’s take a look at a few of the perks of remaining where you are.

Location is Everything

rental apartmentWith the constantly increasing demand for a rental apartment in a good neighborhood and with prices on the rise, your location may be enough of a reason to stay put where you are.  Even when facing a rental increase, take into consideration the neighborhood characteristics which made this location so intriguing to you in the first place.  You may want to consider your proximity to work, nightlife, grocery stores, etc.  Moving even just a few miles away could offset your travel costs enough that it might make more sense to face the rent increase and stay put.  Not to mention, if you’ve fallen in love with your location, you may find that the next place just isn’t going to be comparable, no matter what the cost.

Amenities

If your rental apartment offers amenities that you find yourself using frequently, this could be another factor to determine whether or not you should stay put.  If you start each morning at the community gym and spend your weekends lounging by the community pool, these may not be comforts you are willing to give up, particularly if they are….


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How to Change Apartments in the Same Community

changing apartmentsHow do you save money during a move? That’s a frequently asked question. Seriously, who doesn’t like to save a little money when they’re moving!? Apartments Hattiesburg published a new article yesterday with a great idea on how to keep your moving expenses down. We’ve included an excerpt of their article below, along with a button to read the full text.

It turns out there are a lot of advantages to moving from one unit to another unit, within the same apartment community. In this featured article you will see a list of benefits that come from making this type of move. You will also get advice on what to do and what to be mindful of. You might want to save this link, so it’s close by for your next move.

We hope you enjoy it and look forward to reading your feedback!


Anyone who has ever gone through the process of finding and leasing apartments for rent knows that it can be an arduous process. From moving to negotiating to paperwork, changing your address requires a lot of effort. Due to this we have started noticing a new trend within many apartment communities in Hattiesburg.

Tenants have discovered that changing apartments in the same community offers many benefits to a traditional move. Moving downstairs or across the hall is more convenient and cheaper than moving down the street or across town. Whether tenants have new household or financial needs, staying in the same community can get tenants the perfect apartment without the hassle.

If you are thinking of changing apartments for rent, but want to stay in your current community read below for tips and considerations to make the move a success.

How to Change Apartments Within the Same Community

In order to move from one apartment to another in your current community, without hiccups, it’s important for tenants to educate themselves on current leasing policies and availabilities.

Let the Landlord Know You Would Like to Transfer Units

First things first, if you have decided that you want to rent an apartment in the same community you need to talk to the Landlord or Property Manager. Not only does this now provide you with a dedicated resource for obtaining necessary information, it officially kick starts the process.

Learn the Current Procedures and Policies

Once you let the landlord/property manager know about your desired transfer it’s time to figure out what is required so you can properly plan your budget. Important questions to ask include:

·      Will you need sign a new apartment lease, or can you amend your current one?

·      Will you need to reapply for tenant screening?

·      Will you have to put down a new security deposit, or can you transfer the….

 

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The Difference Between Condos and Apartments For Rent

Apartments in Hattiesburg MSMost people don’t think too much about the difference between a condo and an apartment. Both of these types of residences share very similar characteristics. However, there are some key differentiating factors to be aware of. This is especially true if you’re interested in purchasing or building a condo or apartment and renting it out.

Apartments Hattiesburg published an excellent blog post last month. It was called “The Difference Between Condos and Apartments for Rent.” The five main differences have to do with ownership, maintenance, availability, amenities and knowing which one is right for you. Please read the excerpt below. And if you find it as interesting as we do, Please read the entire article at Apartments Hattiesburg. You will find a button at the bottom of this page, which will take you directly to the original blog post.


Ownership

The largest difference between these two types of rental units comes down to ownership.

Condos

In a condo property, whether 4 units or 200, an individual owns each unit. Most owners have either purchased the property for investment purposes to rent out, or have once lived in the unit and are now renting it out. For a renter, the condo owner is your landlord and is responsible for all leasing, maintenance, repairs and tenant issues.

Apartments

An entire apartment community, whether 4 units or 200, is owned by a single entity. This is most often an individual or corporation who rents out apartment units within that community to tenants. For large apartment complexes, owners hire property management companies to handle all leasing, maintenance, repairs and tenant issues. For a renter, the property management company is your landlord and whom you go to for all related issues.

Maintenance

Another major difference between condos and apartments for rent is who takes care of the property and any tenant issues.

Condos

For any issues inside the condo unit requiring maintenance, renters will need to contact the property owner directly. Some owners are handy and will fix the issues themselves, others hire outside vendors to take care of problems.  For external issues having to do with the property structure (i.e. roof) and common areas, renters will still need to….

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I Have Bad Credit. Can I Still Qualify For Apartment Rentals?

Credit scores are something we are all concerned about. It can be difficult to do many things, such as qualifying apartments for rent, if your credit score is not up to par. So that’s it, you have bad credit and you are looking for a new place to live, but can you still qualify for apartment rentals? There are some extra things you can do to make your chances better. Apartments Hattiesburg has listed some of your options in a blog post below:


At some point in all of our lives we have had less than desirable credit. Maybe it’s because we are in college and don’t really have any credit history, or maybe we made a few mistakes with credit cards in our early twenties that have been chasing us ever since. No matter the reason, having bad credit makes qualifying for apartment rentals much more difficult. apartments for rent

While a low score is not a death sentence, a tenant needs to jump through a few extra hoops if they hope to get approved for a lease. Below we outline what a tenant with bad credit can do to increase their approval chances. 

For an in-depth guide to the apartment rentals process, see this recent post from our partners at Hattiesburg Apartments.

Know the Extent of the Credit Damage

First things first, you have to know your exact credit score before you even try to defend it. You may know it’s low, and it may be hard to look at, but pull off that band-aid and run a report. 

There are many resources out there to run a free and comprehensive credit report, our favorite being Credit Karma. In their detailed reports they provide credit scores and history from Equifax and TransUnion and if you find negative information…

5 Ways to Save on Apartments

When searching for apartments for rent, one of the top details is price. Most tenants are trying to get the best bang for their buck, but renting an apartment can become expensive. Rent is the only price a tenant is looking at, utilities and other bills start to add up as well. But how can you save money without your monthly budget getting out of hand? Our friends at Apartments Hattiesburg have 5 easy ways for tenants to save money each month.


There is no doubt about it; expenses associated with apartments for rent are the biggest consumer of monthly budgets. Rent, utility bills, insurance, parking…these charges add up fast and for many renters can become overwhelming and ruin financial independence.

Living paycheck to paycheck in order to reside in the housing of your choice just seems wrong, and we want you to know there is something you can do about it. Below we lay out five easy ways to budget smart that get renters the most of their apartments for rent.

Easy Ways to Save Money When Leasing Apartments For Rent

You don’t need to cut coupons to see your rental expenses go down each month. Below we lay out our five favorite, and absurdly easy, ways to save money on apartments for rent.

Seek Out Specials and Incentives

Whether the end of the year, or beginning of summer, there are always certain times of year when apartment communities begin rolling out sales incentives and rental specials. From free application fees to free months rent, no matter the “special” if you look at that from annual perspective it becomes real costs savings.

To take advantage of these deals make sure to do your research and call around. Most apartment markets are pretty competitive, so there will always be…

 

SVN | Southgate Realty’s Chamberlan Carothers in National Apartment Association’s Units Magazine

The National Apartment Association’s (NAA) Units Magazine is a publication centered upon news in the apartment industry. Our own, Chamberlan Carothers, CCIM, CPM, Managing Director of SVN | Southgate Realty, LLC, is being featured in the August 2017 issue. Our friends at SVN | Southgate Realty, LLC have discussed the article below.


Chamberlan Carothers, CCIM, CPM, Managing Director of SVN | Southgate Realty, LLC, is featured in the August 2017 issue of National Apartment Association’s (NAA) Units Magazine discussing how critically important LIHTC is for Mississippi’s low-income residents and continued state-wide economic development.

An important and current topic, lawmakers in Washington have begun considering the overhaul of tax codes, and LIHTC could end up on the chopping block. If this happened it would cause major negative impacts on local residents, the apartment rentals market and commercial real estate firms.

Involved in Mississippi’s apartment rentals sector his entire life, Carothers has seen first hand how…

A Complete Checklist for Your Apartment Walkthrough

So you found the perfect apartment, now what? You pack and move in, right? Wrong. You still have to do an apartment walkthrough with the landlord. This walkthrough is your chance to assess any damages which may have occurred prior to you moving in, so you cannot be held liable. But knowing what to look for can be overwhelming. The key is to take your time during the walkthrough and follow a checklist. Our friends at Apartments Hattiesburg have created a checklist which is perfect for your next apartment walkthrough.


Checklist for Your Apartment Walkthrough

The hard part is over, you have found the perfect apartment that fits your budget and is in the location you want. Before you start packing and get that moving truck, you have one last thing to take care of: the apartment walkthrough.apartments for rent

The apartment walkthrough is just as it sounds, a physical walk through of your new apartment with the landlord or representative. During this walkthrough you note any and all issues that need to be fixed or addressed prior to move in.

This step is one of the most crucial because you will want to learn about anything that is broken prior to moving in, saving yourself the pain of potentially having to move all over again to a new space. You will also want to cover your interests since any damages that are found during the walkthrough are the landlord’s responsibility. Whereas after the walk through the landlord could easily turn around and say it was you, the tenant, who caused the damage.

To avoid extraneous moving and any fees for damages that you didn’t cause, make sure that you request an apartment walkthrough prior to moving in. Below we outline what to look for in our complete apartment walkthrough checklist. Oh, and make sure you bring a camera to document!

Apartment Walkthrough: General

  • Walls: Check every wall for any scratches, marks, nails, holes or damage.  Don’t feel like you are being overly picky either, if you see something take a picture of it and document.
  • Ceilings: Pay particular attention to…

3 Steps to Finding Your Perfect Apartment

Finding apartments in Hattiesburg, MS is not as easy as it may seem. There are many options within the city, which can be helpful, but how do you narrow it down? It can get complicated. There are several things you can do though to help make the process a little bit easier. From defining your specific apartment needs to assuring you’ve done all your research, there are ways to make apartment hunting much easier. Check out this post from our friends at Apartments Hattiesburg to learn the top three steps to finding your perfect apartment in Hattiesburg, MS.


The Mississippi Gulf Coast is growing by the day, and finding an apartment in Hattiesburg is not as easy as it used to be. Although options are a great thing, when searching for an apartment finding exactly what you want can quickly become a time consuming, and sometimes frustrating, project.

To help alleviate the aches and pains associated with searching for apartments in Hattiesburg, we’ve outlined the best process and tools to find that perfect new home. Below find our best apartment hunting information that will save you time, energy and dollars.

apartments in hattiesburg budget

Step 1: Define Your Apartment Needs

Every good real estate professional knows that the first rule of apartment hunting is to define your needs before you begin searching. The reason for this is often times we get excited by the things with think we want, but once that excitement wears off we are stuck in a situation that doesn’t fit our lifestyle or budget. Avoid this by answering the below.

What is your budget?

Clearly this seems obvious, but ensure you don’t just…

How to Avoid Violating Your Apartment

You may think your lease isn’t easy to break, you really have to be doing something wrong to break it. However, this is not the case. When renting apartments in Hattiesburg, you need to be aware of all aspects of your apartment lease. Most ways which you might be violating your lease are avoidable. But how do you know for sure? Our friends at Apartments Hattiesburg have listed five ways you could possibly be violating your lease.


5 Avoidable Ways You Could Violate Your Apartment

We know a thing or two about leasing apartments in Hattiesburg; after all we’ve been in the Mississippi apartment game for over 37 years! As part of that experience we’ve seen a lot, and that includes renters who miss the fine print and unintentionally break the rules of their lease agreement…without even knowing it.

While you may be saying to yourself, “I would definitely know if I was violating the rules of 

Grilling in apartments in hattiesburg

my lease!” are you really so sure? When you first lease an apartment you sign a long, detailed lease agreement that carefully lays out the rules, regulations and responsibilities for you as a tenant. From rent payment timelines to subletting procedures, be advised that legal document contains a lot of information on what is (and isn’t) acceptable at your rental.

To help you avoid costly fines, or at worse eviction, we have outlined a few of the less obvious ways that a renter could violate their apartment lease agreement. Be sure to avoid any of these actions, either all together or before you talk to your landlord/owner/property manager.

Apartments in Hattiesburg: How to Avoid Unintentionally Violating Your Lease

I Like to Grill Out…On My Balcony

It’s summertime, so who doesn’t love a burger or dog hot off the grill? While we would never tell you to avoid this enjoyable American pastime, we are just saying don’t do it on your apartment balcony.

Most every apartment lease contains restrictions about…

Top 10 Attractions in Hattiesburg, MS

Have you recently rented an apartment in Hattiesburg, MS? Many of Hattiesburg’s best attractions are in the area of most apartments in the city. From the Hattiesburg Zoo to the Turtle Creek Mall, all the attractions in this article are within a 30 minute drive from all apartments in Hattiesburg. Check out this post from our friends at Apartments Hattiesburg to learn the top 10 attractions in Hattiesburg you need to visit!


Here at ApartmentsHattiesburg.com our business is to connect renters to apartments in Hattiesburg. As part of that duty we not only find the best rental homes, we also serve as a steward to our fair city. Whether a new or current resident, we aim to provide every resource that makes living in Hattiesburg a joyous and prosperous choice.

To that end we decided to share the top 10 activities that residents in Hattiesburg enjoy the most.

Hattiesburg’s Top 10 Attractions

Rose Garden-Hattiesburg, MS

History, culture, beautiful parks, shopping, dining and fun for the kids…there is surely something for everyone here in Hattiesburg, MS. And you don’t have to go far! All of the attractions listed below are a 30-minute drive from any and all apartments in Hattiesburg. Now hop in your car and get exploring…Hattiesburg is waiting!

All-American Rose Garden

Located on the campus of the University of Southern Mississippi (USM), the All-American Rose Garden is hard to miss with its 750 hybrid-T and Grandiflora patented rosebushes. The best time view this beautiful garden is late spring and summer. With free admission, it’s a no-brainer.

Hattiesburg Zoo

At the Hattiesburg Zoo visitors can view and learn about…

Moving to Your Off-Campus Apartment

At some point, all students usually take a leap from living on campus and move into an off-campus apartment. This is a big step for most young students, but also a great experience. You will have new responsibilities that come with the freedom of having your own apartment, such as financial obligations. Our friends at Apartments Hattiesburg have given you some expert tips on moving into your first off-campus apartment.


Living in the dorms is fun, introduces you to new friends and affords you the quintessential college experience…but typically after Freshman year most students are ready to head off-campus.Student Housing Apartments

While dorm life does present some annoyances like curfews, shared showers and lots of rules, it doesn’t require any financial responsibility. So, when students are moving to their first off-campus apartment they aren’t always prepared for the obligations that come with apartments for rent. That’s why we are here to help.

If you are getting ready to leave the dorms for your first off-campus apartment, we have some great tips to make it an easy and seamless transition.

New Freedoms and New Responsibilities

Life is a balancing act and when you get new freedoms like living off-campus, they typically come with new responsibilities. It’s important that students are adequately prepared for the changes that come with managing life outside of the dormitory.

Since you will no longer be on-campus there are a few more things to think about and take into consideration:

  • Getting to Class: You will no longer be within walking distance so make sure to properly research how you will to and from class from your new apartment. Whether that is bus routes or driving times, get a handle on it so you aren’t chronically late.
  • Security: College campuses are some of the safest places and while most apartments for rent have security you may want to look into additional options. Be sure to ask about security measures for your exact apartment unit (security system, deadbolts, window locks, etc.) and what they also do for the community (patrolling, etc.).

Find a Roommate Before an Apartment

Nothing can damper the experience of living off-campus faster than a bad roommate. Since you will need to live with someone else to shoulder the financial obligations… 

Mistakes When Renting Apartments

Renting an apartment for the first time can be a confusing and overwhelming process. There are many mistakes first-time apartment renters make from not fully reading the lease to not getting renters insurance. These mistakes aren’t the end of the world, but it would be better to avoid them instead of making them. Our friends at Apartments Hattiesburg have pointed out the top mistakes made by first-time renters and how to avoid them.


While it’s great to learn from your mistakes, it’s better to avoid them altogether.  As a first-time apartment renter there is a lot of information that you “need to know” prior to finding a place and moving in. Add this to the current items swirling around in your head that you are worried about: credit score, fees and expenses, packing and moving, finding the best apartment (that you can actually afford) and signing a lease…just to name a few. 

While most people learn best by actually going through the renting process, we’re here to help you avoid the common mistakes that first-time apartment renters seem to make. Mistakes that can end up costing you big in the long run. Below find the things that we wish we knew before we signed our first apartment lease.

Mistake #1: Glancing Over Your Apartment Lease

Read. Your. Apartment. Lease. We cannot stress this item enough. Seems totally logical, but it’s the #1 thing that gets tenants into legal and financial trouble.  We don’t mean just glance it over either, but actually go through item by item to fully comprehend your responsibilities as a tenant.

The apartment lease document contains critical information for a first-time renter:

Monthly Financial Obligation: Rent, utilities and any other monthly fees assessed by the landlord or management company will be found in your lease. Be careful when…

Know the Value of Tenant Representation

When looking to lease commercial space, using tenant representation can be a great asset. Tenant representation has many benefits including broader access of current listings as well as exclusive representation to assist with legal help. Hiring someone to represent you as a tenant will help you get the place that you want at a great price. Read this post from our friends at SVN | Graham, Langlois, & Legendre, LLC to learn more about tenant representation.


If you are a tenant seeking to lease commercial space then you should always use Tenant Representation. Commercial real estate Brokers serve their clients in various capacities, and that includes representing the landlord/owner and the tenant as a Tenant Rep.

Oftentimes individuals who are seeking space to lease do not know when a Broker is representing a landlord’s interest and end up coming out on the losing end of a leasing transaction. In order to find the best possible space at the best possible price a tenant should always hire a Tenant Rep. To understand why, read below.

[bctt tweet=”Seeking #CRE space to lease? Protect your interest, hire a Tenant Rep. Here’s why:” username=”svngll”]

Tenant Representation is Free

tenant representationFirst things first, tenant representation doesn’t cost the tenant a dime. As owners of commercial property a landlord will always be responsible for paying commission on both sides of a leasing transaction. In common practice a commission fee is typically (i) calculated under the assumption it will be split between two brokers and (ii) built into the cost of the commercial space being leased.

In other words, a tenant is essentially already paying for the Tenant Rep fee whether they use one or not. So, a tenant may as well benefit from the service and always hire one.

Increased Access to Listings

As a tenant seeking commercial space to lease…

Here’s How to Find an Apartment in Hattiesburg, MS

So you’re new to Hattiesburg, now you need to find a place to live. The city is becoming more and more populated, which can cause for some difficulties when searching for an apartment. Our friends at Apartments Hattiesburg are here to help! Check out this post to find your new apartment in Hattiesburg, MS.


Our town is getting more populated everyday and finding an apartment in Hattiesburg can be a daunting task when inventory is tight and competition is high. Even if rental conditions are healthy offering plenty of options, being new to town adds an extra degree of difficulty since you are completely unfamiliar with the market. 

Since the first thing you need to do whenever you move to a new place is find a home, we’re here to help. Below find our best tips to finding an apartment in Hattiesburg, your new home. 

Create a Realistic Rental Budget 

Before you even start researching your new town and begin searching for an apartment in Hattiesburg, you need to first define your search parameters. The most important of which is determining your rental budget. 

First step in determining a realistic budget is to take your monthly income and divide it by three. This number will be the maximum amount you should pay for rent. Keep in mind; your monthly rental rate is not the only cost in your total monthly obligations. A realistic rental budget will also include utilities (gas, water, electric, cable and internet), rental insurance and any application fees and deposits (first, last, security). 

Since you will be moving to a new place, chances are your cost of living will change. To help you determine your new expenses in Hattiesburg, here is a cost of living calculator that will show you what it financially takes to maintain the standard of living you’re accustomed to. 

Choose a Neighborhood 

One of the most difficult parts of searching for an apartment in a new city is… 

Make Your Short-Term Rental Feel Like Home

Staying in a short-term rental has a ton of pros, although sometimes it just doesn’t feel like home. There are many ways to personalize your rental to make it feel just like home. It is important to know exactly what you can personalize, so make sure to discuss what you would like with management. Check out this post from our friends at Southgate Executive Lodging to learn the best ways to make your short-term rental feel like home.


Furnished short-term rentals are an excellent alternative to hotels when staying for longer periods of time. Even though your stay is not permanent, it should be a happy and comfortable one. In order to feel at home when you’re away from home, here’s our best tips for personalizing a furnished short-term rental.

First Find Out What You Can and Can’t Personalize 

The number one rule when personalizing a short-term rental is to always think “no damage décor”. Since your new rental is temporary, the management company is expecting you to return it in the same condition as when you took occupancy.

You can assume this means no painting, no wallpaper and no new fixtures or installations. If you are in doubt as to what is and is not acceptable, the best course of action is to always ask the management company before doing anything that could cost you. 

Furnished ApartmentWhile you may be limited in changing anything of permanence at your short-term rental, you are not limited in ways to add your personal flair and touches. Keep reading for accepted ways to decorate and personalize your home away from home. 

The Small Touches

You’ve heard the saying before; little things can go a long way. This could not be truer than when decorating a furnished short-term rental. From adding…

Negotiate Your Commercial Property Lease

When leasing a commercial property, it is extremely important to negotiate the rent you will be paying each month. Both you and the landlord are trying to come out with the best deal, so once the landlord offers the terms, make sure to negotiate. Besides the rent, there are other ways to negotiate to ensure that you receive the best deal, such as the exclusivity clause, subletting clause, and break clause. Check out this recent post from our friends at SVN | Percival Partners to learn how to negotiate your commercial property lease.


The negotiation of a commercial property lease is a carefully crafted dance where both parties attempt to come out with the best deal. While a landlord/owner is the first to offer their terms, those terms are absolutely open for improvement. As a tenant you should be prepared to fight for what you want, stay firm and always get out on that negotiation dance floor.

Tenants should be aware that any legally binding agreement like a lease should be prepared negotiated and reviewed using a professional commercial real estate Broker. Even if a tenant does hire help with a lease, they should always be aware of their rights. Below we list out the four parts of a commercial property lease that a tenant should always negotiate.

[bctt tweet=”Leasing #CRE? Protect your interests. Here’s the parts of a commercial lease to always negotiate.” username=”SVNPercival”]

4 Parts of a Commercial Property Lease to Always Negotiate

Rent Payment

This is the first and last thing that affects a tenant’s bottom line, so naturally it should be the first and last part of a commercial property lease that they negotiate. The rental rate that is noted on a listing should always be viewed as a jumping off point for negotiations, not set in stone.

There are several factors that affect whether a landlord/owner is willing to lower their price including the current market vacancy rate, the physical health of the asset and their current financial situation. While there will be factors beyond a tenant’s control, here’s our best tips for negotiation

Vacancy: Has the commercial property been on the market long? If so…

Know This Before Leasing Commercial Property

Before leasing any commercial property, it is important to know how much you will be spending. You need to know which responsibilities are yours, how long you will be leasing for, and the terms of your lease agreement. There are specific terms that you must know before leasing, such as USF (usable square feet) and RSF (rentable square feet). Our friends at SVN | Southgate Realty have some tips and information for you to be prepared to lease commercial property.


Leasing a commercial property can be a complex process. From finding the best space to eventually signing a lease after exhaustive negotiation, there is a lot for a tenant to know.

Since a lease is a legally binding, long-term financial commitment (3 to 10+ years depending on the commercial property type), it’s vitally important that tenants educate themselves on its components and terminology. As, no one wants to be stuck in a lease that doesn’t properly serve his or her business or financial needs.

To that end, we have outlined the critical information that every tenant should understand. Also, we ensure it is contained in their lease, before signing on the dotted line. Good luck and happy leasing!

Leasing commercial property? Know this information.

The below list includes the important components that are contained in commercial property leases. Tenants should pay close attention to any and all terms regarding the below.

Rent

A lease should contain clear language on the rent cost, including information on any rent escalations (acceptable increases).

In the rent escalation clause, which increases rent on an annual basis, pay particular attention its calculation. It will either be (i) based on a percentage of the Consumer Price Index (CPI), (ii) based on increases in operating expenses and property taxes, or (iii) all of the above.

To avoid higher and higher rent prices…

 

Mobile Housing for Temporary Onsite Projects

It can be difficult to find the right temporary housing option, especially in a rural location. There are many temporary housing options available, however when the location is not in a popular area, these options may be limited. Mobile housing may be the perfect option, especially for temporary needs. Check out this blog post from our friends at Southgate Executive Lodging to get up to date about all of your mobile housing options.


When finding and coordinating an extended stay for yourself, your family or your corporate team, there are many options available to you. From furnished apartments to private residences, there are sure to be plenty of choices in any given local market. What if you need temporary housing for a project in a rural area, or an off-the-grid location? What are your options then?Mobile Housing Option

While it can seem challenging to coordinate housing when your project is most literally in the middle of nowhere, Mobile Housing is the ideal solution. Instead of trying to find the nearest hotel or apartment community, which could be up to 3 hours away, mobile housing brings the shelter to you.

Below we take a look at how mobile housing serves temporary needs, and the options that are currently available. If you have any questions, please do not hesitate to reach out and ask.

Mobile Housing Options

Whether your project is located on the oil fields, a sprawling ranch, or a backcountry site, mobile housing is the answer to your temporary dwelling needs. Below find the current mobile housing options that are available.

Mobile Manufactured Homes

The most common, and widely used, type of mobile housing is mobile manufactured homes. These temporary housing units come complete with…

Extended Stay Options

Typically, people looking for extended stay options tend to book with the first extended stay hotel they can find. There are a variety of great options available for extended stay, in addition to hotels. Prices may differ, but what you’re getting for your money may not be the same. Before booking, make sure to research all your options. Our friends at Southgate Executive Lodging have a few ideas for extended stay options that aren’t just a hotel. Check out this blog post to see what they have to say.


Your Extended Stay Options

There are many reasons why someone would need extended stay housing. When they do, they shouldn’t have to forgo privacy, convenience and feeling at home away from home. Whether traveling for work or relocating to a new city, if you are seeking temporary housing for multiple days, or weeks, you shoulExtended Stay - Priced know all of your options.

When staying away from home, most people tend to do the obvious and search for hotels as their temporary housing. In this article, we outline why hotels aren’t the only choice. In fact, we outline why hotels are actually the wrong choice for extended stay.

Below, find the main differences between extended stay lodging (furnished apartments and private residences) and hotels to help you make a more informed decision when choosing housing. If you have questions about anything you read, please reach out so we can help.

Hotel Pricing

With the advent of multiple travel websites, it’s easier than ever to find a good deal on a hotel room…for a few nights. Once you have a housing need for 4 nights up to… 

5 Tips For Hiring Property Management

Property management for all real estate is something many owners struggle with. Hiring property management can help an owner take care of their real estate. But it can be tricky finding someone you trust to handle your investment. It is important to do research and take your time before hiring someone to handle your business. Check out this excerpt from a blog post by SVN | Percival Partners for a few tips on how to hire the right property management company. Click the button at the bottom of the page to view the full post.


Running the day-to-day property management operations of a single, or portfolio of, commercial real estate assets is not an option (or desire) for every owner. For those who prefer, and have the budget, to hire property management it’s important to ensure you take your time. Do Property management keysextensive research before just letting anyone take care of your investments. After all, hiring property management is a very important and critical step to protecting the value of your commercial real estate investment.

Property Managers do more than just collect rent. A quality property management firm can keep your property at high occupancy, maintain its long-term and immediate value and keep operating costs low without sacrificing quality. In order to choose the right property management company, and avoid losing money by hiring the wrong one, we’ve outlined our top 5 best tips. Follow these and you will make the best decision for your property…and bottom-line.

Get Referrals

Your first tip in finding property management is to ask around. See an asset that is maintained well and always full of tenants? Inquire who manages the property. Know other property owners in your area? Ask them who they use, and if they are happy with them. Have a commercial real estate broker, or know a few? Ask them what property management firms they’ve had a good experience with.

In property management you need proof of quality, beyond what you can read on a website or in an RFP. By asking for referrals you are getting firsthand, “it happened because I was there”, insight into how a property management firm actually functions and handles issues. Make sure to collect referrals from a few different sources, as you don’t want to get caught up in too much bias. Though, the old saying is true, where there is smoke there is fire. If you keep hearing the same thing about a property management firm, chances are ….