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The 7 Major Perks of Life in an Apartment Rental

At some point we all come to the crossroad of trying to decide whether or not to buy real estate or rent it.  While both buying and renting have their fair share of pros and cons, life in an apartment rental seems to come with a much bigger list of pros!  In fact, apartment rentals have become increasingly popular over the past decade, as the influx of millennials flood into the market and many baby boomers are choosing to downsize.  Let’s take a look at some of the more predominant reasons why.

Financial

The cost of living in an apartment rental is definitely one of its perks.  It’s much easier to budget, being that you always know what is expected of you.  Not only will your monthly rental rate not fluctuate, but there are also only a set number of things that you will be responsible for paying on top of your rent, such as cable, electric, and perhaps water.  When you purchase a home, however, any and everything that the property requires will come out of your pocket.

Social

When you live in a single family home, it’s true that you might be lucky enough to have one or two great neighbors.  The same is true in an apartment rental, but you will have a whole lot more of them to choose from.  Many apartment communities will even set up opportunities for their residents to get to know one another.  When you are surrounded by cool neighbors, you’re never at a lack for something to do.

Responsibility

perks of an apartment rental not fixing acIt goes without saying that life in a single family unit requires a whole different level of responsibility than life in an apartment rental.  As previously mentioned, in a single family unit you are solely responsible for anything that could potentially go wrong.  In your apartment, however, your landlord bears the responsibility for the majority of instances that could dampen your living situation.  In the event of a disaster, your landlords insurance will cover repairs and damages to your space (and rental insurance can cover the cost of your personal belongings for a very small monthly price tag).  If your HVAC unit or any of your appliances stop working correctly, your landlord will step in to handle repairs or replace them.  You also won’t need to concern yourself with repainting exterior walls, maintaining landscaping, or pressure cleaning walkways and stairs to protect from slip and falls.  In short, the living is easy when you have so much less to worry about!

Flexibility

When you purchase a home, you are pretty much locked into it until you choose to sell it, which is a potentially lengthy process which offers you no guarantee on your investment.  When you’re in an apartment rental, however, shorter lease terms offer you the flexibility to change your mind.  Most lease terms run an average of one year, but many apartment communities will offer even shorter terms or will allow the tenant to reside in the space on a month to month basis.  This means that when you feel the urge to up and go, you have no strings holding you down.

Amenities

Access to amenities is one of the biggest perks of life in an apartment rental.  Depending on your needs, desires, and budgets, apartment communities offer everything from community pools, tennis courts, game rooms, and media rooms to more glamorous options such as on-site restaurants, movie theaters, and cafes.  You won’t find those in many single-family units.

Accessibility

Many apartment communities are strategically located to put their tenants in close proximity to major roadways, public transportation, and daily conveniences such as grocery stores and gas stations.  That means that your apartment rental could be cutting your drive time in half, if not by more.  Why spend half of your life driving to and from when you could position yourself closer to everything you need on a daily basis?

Safety

Lastly, life in an apartment rental offers a measure of safety that you might not get anywhere else.  Many apartment communities are gated or offer on-site 24-hour security.  In addition to that, you have your neighbors to help keep an eye after your space when you are at work or on vacation.

Looking for an Apartment Rental in Hattiesburg or the Surrounding Areas?

Whether you’re looking for an apartment rental that appeals to your budget, your social calendar, your need to be closer to work, or all of the above, Hattiesburg Apartments wants to help you find it.  We’re so committed to helping you find your perfect home that we’ve paired with 17 of Hattiesburg’s finest local communities to offer our clients something for everybody.  Take a look through our database of available units today and reach out to a team member to start looking.  We promise you won’t be disappointed!

How to Successfully Host the Holidays at Your Apartment Rental

If the thought of hosting a big holiday dinner in your tiny apartment rental feels daunting, I assure you that you are not alone.  Since holidays began there have been apartment dwellers searching and striving for the best possible ways to accommodate a holiday dinner party.  Luckily, that means that the footwork has been done for you. Sit back, relax, and check out these tips on a how to host your own successful apartment holiday celebration.

Plan Your Guest List

Celebrations in an apartment rental can get more than a bit crowded. Get clear in your mind about how many people you can comfortably accommodate.  Make it non-negotiable! Your cousin Sally, for instance, cannot invite her new boyfriend whom she has gone on two dates with and is kind-of, sort-of, pretty sure is the one.  If he’s still around next year, maybe they can host the holiday dinner!

Maximize Floor Space

Rearrange furniture in the main living area to create a larger space to place tables and extra seating.  Consider moving any non-essential furniture temporarily into another room.  Designate a drop zone for all of your guests to shed their jackets, purses, shoes, and other personal effects.

Get Creative

There are so many fun and creative ways to turn your apartment rental into the perfect party pad.

  • Don’t limit yourself to the confines of your apartment rental. If there is outdoor space available to you, consider moving the party (or some of it anyway) outside.  Use space heaters to warm up patios and place extra seating to encourage visitors.
  • Are you hosting kids? This might be a perfect time for a super fun picnic on the floor if you are short on seating.  Designate a special space for it and spruce it up by placing out toys, crayons, and blank paper.
  • The bathtub’s ability to double as cooler is an important hack you probably learned in college. Ditch your traditional coolers, clean the tub, get lots of ice, and pour in your drinks!

Remove as Much Overwhelm as Possible

Obviously when it comes to the holidays, food is a big factor!  Cooking a holiday meal in a chef’s dream kitchen can be stressful, let alone in the limited space offered by most apartment rentals.  Alleviate some of your anxiety by incorporating a few simple tricks here as well.

  • Consider a potluck! As the host/hostess, offer to provide the main components of the meal, but invite your guests to contribute some of their holiday staples!  Not only does it allow everybody to get involved, but it also takes some of the weight off of your shoulders.  If there is limited oven space, ask your guests to please come with their dishes warmed and plan to eat shortly after your gathering begins.
  • Serve your meal buffet style. Rather than worrying about how much mashed potatoes Uncle Henry wants, set up a walk through in your kitchen or another accessible area where guests can line up and make their own plates.
  • Spread hors d’oeuvres throughout the apartment so that people can sit and chat as opposed to moving all over and giving you an anxiety attack.
  • Provide paper or plastic plates, cups, and silverware to avoid a mile-high pile of dirty dishes at the end of the evening.
  • Politely request everybody to dispose off their plates in a conveniently located trash receptacle when they are done with their meals.

Relax and Enjoy

Rather than worrying too much about it, remember that good company is the most important factor in any good gathering.  Enjoy your guests and they will enjoy you and your space.

Are You Ready to Host the Holidays at Your Own Apartment Rental?

As you can see, hosting the holidays in an apartment rental is not as terrifying as it seems.  If you are looking for the perfect apartment rental to host your next big celebration in, check out Hattiesburg Apartments to begin your search.  With our huge database of apartment rentals available in and around the Hattiesburg area, we are sure that we can help you find the space that is just right for you.  Use our expertise and you are certain to be hosting your own holiday extravaganza in no time!

 

 

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…

Reasons You May Choose Renting Over Buying

The thought of buying your very own home can be both intriguing and overwhelming all at once.  Maybe you’ve spent your entire life imagining all of the tiny details that your dream home will have.  Initially, deciding whether to start looking for apartments for rent or take the big step into homeownership can be mindboggling.  First off, relax…your hesitation is perfectly normal and believe it or not, even healthy.  Making the decision to move from renting to buying is a huge commitment.  We’ve often heard the benefits of homeownership. Are there any benefits tied to a rental property as well? Being well-informed ensures that you to make the decision that is best for YOU!

Money Talks

renting an apartmentWhen making the transition from apartments for rent into properties for sale, the first step is to check out your cash situation.  Homeownership is a long-term investment so being clear on your finances is extremely important.  There are a few key points you may want to consider.

 

  • Account for your up-front costs. If you are a first-time potential homebuyer, you may not be fully aware of what is expected of you before and at your closing.  Most sellers will require a good faith deposit to even consider your offer.  Combine this with the costs of your appraisal, inspection, down payment, and first-time homebuyers insurance (if required by your lender), among others, and things start to add up quickly.
  • Get familiar with your credit score. Fixing your credit can be a long and tenuous process and is an integral part of home buying.  If you don’t have a decent credit score or a co-signer, now may not be the time for you to make the transition into home ownership.  Spend some time paying off bad debts to raise your credit first.

Contemplate Your Location

One of the luxuries of searching for apartments for rent is the vast array of models and locations available to you.  With relatively short rental agreements, you won’t find yourself locked into one place very long.  Homeownership, however, is a much longer commitment.  There are a couple key questions you may want to ask yourself here.

 

  • How long do you plan on staying? If you have a job that frequently causes you to relocate or a free spirit that finds you regularly on the hunt for new scenery, homeownership may not be for you.
  • What will the costs of re-selling your property be if you do decide to relocate? This is a question that’s often overlooked.  We tend to see only the potential profit in home ownership and crunch the numbers associated with the initial purchase, but selling has many associated costs as well.

 

Consider the Future

If you’ve crunched the initial numbers and determined that you’re more likely to stay in one location than to relocate, there’s still one more avenue you should check out before leaving behind the world of apartments for rent and jumping into homeownership.  Although we have no way of being prepared for everything the future may bring, it’s important to factor in the possibilities.

 

  • There are many long-term costs associated with homeownership. The excitement of your initial purchase eventually wears off often replaced with the reality that you are now solely in charge of your property.  There will be no landlord to call if the air conditioner breaks or the appliances go on the fritz or your house floods.  There will be nobody to take care of landscape maintenance either.
  • Unexpected life changes can occur at any time. It’s important to make sure that you have a reasonable cash reserve. Set aside some cash for unforeseen events such as illnesses, job loss, and change in career.
  • Life changes and so do you. Before making this giant transition, you have to consult your future self.  What is the likelihood that he/she will be happy with your purchase decision later down the line?  Think about the changes you are going throughout the course of your homeownership. Do you have the means to make those changes reality and the patience to have it like it is currently?

Looking for Great Apartments for Rent in Hattiesburg?

So maybe you’ve read through this and there are a few things you still need to consider.  Working with a skilled rental property manager comes in quite handy.  At Hattiesburg Apartments, our team of accredited property managers is determined to make your rental experience a success. Search through our properties today!

 

 

Mississippi Renters Insurance

Sink overflowing for renter's insurance blog postMost of the time we believe the worst won’t happen to us. While the odds are low, it’s still critical to prepare for emergencies. Whether it’s a natural disaster or man-made bad luck, accidents still happen. That’s why we encourage all our residents to have renters insurance.

However, many renters still opt out. We hope to clear up some misconceptions about renters insurance with the help of Bradley Black of State Farm Insurance.

What is renters insurance?

Renters insurance is like homeowners insurance or car insurance. It protects your property in case of damages. Renters insurance gives residents three main areas of coverage: personal property, liability and housing in an emergency.

  • Personal property. Even if you live in a safe neighborhood, your property can be damaged by a natural disaster. Hattiesburg is inland from the Gulf of Mexico, but hurricanes can still affect the Pine Belt. Even if you think your property has little value, the sum of an entire apartment’s worth of items can still add up to thousands of dollars. Another fact many people don’t know is that renters insurance covers theft of items in the renter’s vehicle.
  • Liability. Policies can cover liability outside your residence as well, such as if your dog bites someone outside of your apartment. It can also cover injuries you cause to someone else, regardless of if you’re in your residence.
  • Housing in an emergency. Most policies include something called “additional living expenses.” Those expenses will pay for temporary housing if you’ve been displaced after an accident or natural disaster. Hurricane Katrina struck the Gulf in 2005, and Hattiesburg damage. Trees were knocked down, windows were broken, and many homes and apartment communities suffered roof and water damage.  Many residents were displaced. Black said, renters insurance would pay for temporary living expenses while those repairs were done.

Renters insurance does have some limits. Here are two common ones:

  • Theft. Some policies put limits on high-dollar items, like firearms, jewelry, and precious metals. Separate policies usually can be purchased for things like that. Also, your property isn’t protected by theft from someone who lives with you, like a roommate or significant other.
  • Flood. “We’re not right on the coast, and we’re not really in a flood-prone area,” Black said. “However, flood is definitely something to consider. Flood would be something that would not be covered under your renters policy.

Millennials less likely to have renters insurance

Even though younger people are more likely to rent, they’re less likely to have renters insurance, according to a national survey by InsuranceQuotes done in partnership with Princeton Survey Research Associates International.

About 2 in 3 adults age 18 to 29 rent, compared to about 1 in 3 adults in all age brackets.

These are the top three reasons Millennials give for not having renters insurance:

  1. They live in a secure location.
  2. They don’t own anything worth insuring.
  3. They don’t know what renters’ insurance gives them.

Nationwide, the average annual cost of renters insurance is only $188 a year, according to the National Association of Insurance Commissioners. That’s less than $16 a month. That price tag is a lot cheaper than having to replace everything you own after a disaster.

Renters insurance questions answered

Renters insurance is often misunderstood. Bradley Black of State Farm Insurance helps answer some common questions.

Q: Do I need insurance if my property owners are insured?

A: Yes. Property owner insurance covers the structures but doesn’t extend to residents. “There are a lot of issues that can come up when you’re living in an apartment complex,” Black said. “You aren’t isolated in your own dwelling. You can’t always control the actions of your neighbors, especially when they’re in such close proximity to you.”

Q: Why do I need renters insurance if I live in a safe place?

A: Risk goes far beyond crime. Mother Nature is usually the one that causes the damage — not someone else. No security system protects from that.

Q: What if my stuff isn’t worth much?

A: Your property is probably worth more than you think, Black said. But that isn’t all your policy covers. Renters insurance covers damages to the property and other liabilities.

Q: Does renters insurance cover fire?

A: Yes. An accidental fire in one unit could spread to another unit. Even if the fire is contained, smoke damage can ruin many home items. “When smoke gets into something and that soot, you can never get the smell out of it,” said Black, who worked as a fire claims adjuster for four years. “Clothes and everything you own. I’ve seen that firsthand.”

Q: Is renters insurance expensive?

A: No. Black said most renters will pay about as much as a couple of lunches a month. That’s a lot cheaper than paying off tens of thousands of dollars’ worth of damages in case of an accident. Also, many insurance providers offer a discount if you also have auto insurance policy through them.

Q: If my roommate has renters insurance, do I need a policy?

A: Yes. Each roommate should have an individual policy. “Insurance is something everybody has to have,” Black said.

Q: Are there any rules that govern renters insurance?

A: Yes. Mississippi state law sets the minimum policy at $20,000 in coverage. You can add more coverage if your property is worth more.

If you want to know more about why we recommend renters insurance, our knowledgeable staff at SVN | Southgate Realty, LLC would like to speak with you.

 

Employees Learn Self Defense

Self Defense in HattiesburgThe staff at Southgate Realty, LLC is thrilled to have completed self defense training with Joseph Green, the owner of Close Quarter Combat Tactical Training and Self Defense in Hattiesburg, MS. The training provides a good foundation for staff to protect themselves against potential dangers faced in the apartment industry. Apartment managers and staff are primarily at risk everyday for two reasons.

1. Meeting a new prospect for the 1st time:

Everyday, apartment managers and leasing agents meet new prospects by phone or in person. Majority of these prospects will stop by the office with no appointment and ask to see an apartment.

2. Showing an apartment alone:

Managers and leasing agents generally walk with prospects to a vacant apartment or model in order to show the property. In some cases, managers will drive to a particular apartment community to show the apartment to someone they just met.

Along with self defense training, Southgate Realty has developed and implemented policies and procedures to keep staff safe and aware. Southgate’s entire team was involved in self defense training; from the owners, corporate office staff, maintenance team, and on-site management staff. Our managers and staff now have more self awareness and training to help if ever put in a dangerous situation at work or home.

For more details on self defense training Click Here

 

Edwards Street Food Pantry

Project Hunger Food Drive Southgate Realty, LLC Hattiesburg MS

Project Hunger Food Drive

Southgate Realty, LLC is proud to announce the 2nd Annual Project Hunger Food Drive for Edwards Street Food Pantry. We hope all of our residents can donate what they can, so we can distribute everything from canned chili to boxes of macaroni and cheese.We take great pride in serving the Hattiesburg, Mississippi area and know together we can make a difference. Below is more information about the food drive. Please don’t hesitate to reach out to the Southgate Realty, LLC team should you have any questions.

Join us October 1 – 29 as we compete to see which company can collect the most food items for Edwards Street Food Pantry!  Items Needed: Boxed Milk, Dry Milk, Canned Fruit (individual size), Peanut Butter (individual size), Mac & Cheese, Tomato Sauce, Canned Tomatoes, Canned Meat, Canned Chili, Canned Ravioli, Soup, Vegetables, Pasta, Sauces, Rice, Dry Beans, Oatmeal, and Quick Grits.

Thank you!

Thank you for all your donations and we look forward to seeing all the goodies we are able to bring to the Edwards Street Food Pantry, food drive in Hattiesburg, MS! Remember making a difference in someone’s life is as simple as donating to this meaningful cause. Take time today to donate what you can, so a less fortunate family can enjoy a good meal during this holiday season. Thank you for all your contributions during this food drive in Hattiesburg, MS!

Visit Edwards Street Food Pantry for more details on how they serve Hattiesburg, MS

Destination Drop Off Locations:

Southgate Realty, LLC: 1700. S. 28th Ave. Suite C Hattiesburg, MS 39402
Concord Townhomes: 300 N. 38th Ave. Apt 36 Hattiesburg, MS 39401
Hardy Manor Apartment Homes: 3202 Pearl Street Hattiesburg, MS 39401
Peppertree Apartment Homes: 801 N. 28th Ave Hattiesburg, MS 39401
Woodshire Duplex & Townhomes: 307 Woodshire Drive Hattiesburg, MS 39402

5 Tips You Didn’t Know….Keep Your Apartment Cool

5 Tips to Keep Apt Cool Image

During the heat of the summer everyone wants to keep their apartment cool without breaking the bank with high electric bills. Listed below are a few helpful tips to keep you cool and help reduce your electric bill this summer.

  1. Don’t turn the AC off when you’re gone:

    It takes longer for an air conditioner to cool an apartment when inside temperatures exceed 90 degrees. The air conditioner runs longer and harder to bring the temperature down to a comfortable setting; causing electric bills to spike.

  2. Cover all windows with curtains and keep blinds closed:

    Windows absorb heat from the sun quickly through the glass. Adding curtains and blinds help shade these high heat absorbing spaces in your apartment.

  3. Prevent the return air vent from obstruction:

    If the return air vent is blocked the air conditioner cannot cycle correctly; which causes it to run longer and not cool to its highest capacity.

  4. Keep all air vents and doors open:

    This promotes good air flow throughout the apartment and helps keep temperatures consistent in each room.

  5. Avoid heat-generating activities:

    Try not to use appliances or cook during the heat of the day. These appliances produce the most amount of heat: Stove, Dishwasher, Washer, and Dryer.