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Renting Costs To Consider In Fort Hood

When looking for rental accommodation in Fort Hood, it is essential to be educated on the renting costs that are involved in the process. Rental costs can be fixed or variable, depending on the terms of a lease agreement.

Let us look at some common rental costs that need to be understood for better budgeting and reduction of expenses:

  • Monthly Rent: This is an essential part of the rental costs that are fixed for the lease term. It can be defined as an amount charged by the property owner on a monthly basis for allowing rights to use the rental property and provided amenities as per the lease agreement.
  • Application Fee: Property owners charge application fees as a means of covering administrative costs related to background verification including income and employment check, references verification, and rental history check.
  • Renters Insurance: This monthly cost is essential for protecting a renter’s belongings (within the rental property), liabilities, and living expenses in case of any loss caused by theft, fire, and other covered events.
  • Security Deposit: Most property owners will ask for an amount to be kept as a security deposit. This is a refundable amount that is returned at the end of a lease term depending on whether the property stays undamaged and rent is paid on time.
  • Parking Fee: If parking space is included, a renter will have to pay a monthly parking fee. The amount of parking fee will depend on the location of the rental (urban or sub-urban).
  • Utilities: Costs related to utilities such as gas, electricity, water, internet, heating and cooling, trash removal, and cable have to be paid by the renter. These expenses are variable in nature as the costs of utilities every month will vary according to the usage of a renter. However, in some lease agreements, the costs of utilities are a part of the monthly rent (check this in the lease agreement before signing).
  • Pet Fee: If the renter owns a pet and can keep it in the rental property as per the lease agreement, he will have to pay an additional amount every month in the form of the pet fee. The amount may be dependent or independent of the size and breed of the pet, as stated by the lease agreement.
  • Amenities: Living in a rental community that provides amenities such as a pool, gym, laundry room, etc. requires the renters to pay for the same every month.

Lone Star Realty & Property Management, Inc. assists customers in renting an ideal property in Fort Hood. The agents help the potential tenants in understanding various rental costs involved in renting a home. To know more about renting costs to consider n Fort Hood, visit 1020 West Jasper Drive, Killeen, TX – 76542. You can also contact (254) 699 – 7003.

Rental Housing In Fort Hood

Fort Hood attracts a number of renters due to its secure neighborhoods, cultural diversity, booming job opportunities, and availability of good schools. The rental market of the city has widened with increasing demand. Prospective renters can choose from a wide variety of rental options that cater to different lifestyle and budget requirements.

Some of the rental housing options available in Fort Hood are:

  • Single-Family Homes:  Rental homes are great for families with children as they provide privacy and ample space. Common facilities offered by single-family homes are private yards, multiple bedrooms, modern amenities, garage, etc.
  • Townhouses: Townhouses comprise of multiple floors and are located closely to each other. One single complex may have multiple units that share a lawn or yard. The care for exteriors may be provided by the owner. They provide privacy and amenities like laundry rooms, powder rooms, linen closets, bedrooms with full baths, etc.
  • Apartments: These are housing units that are located on different floors of a single building. Apartments consist of their own bedrooms with a walk-in-closet, water and trash utilities, amenities like garbage disposal, stove and refrigerator, washer and dryer hookups, an open living space, access to shopping areas, schools, entertainment centers, etc.
  • Duplexes: These rental units are a good choice for small families, students, and single soldiers as they have fewer bedrooms. Common features that can be found in duplexes are covered patios, fenced backyards, large windows, ceramic flooring, shower/tub combos, ceiling fans, small pantries, a one-car garage, double sink, master bedroom, etc.

When looking for rental housing in Fort Hood, consider the different types of rentals available in the area. Consider your requirements and budget to choose the housing option that suits you. It is advisable to contact a professional rental agency for finding available rental options.

Lone Star Realty & Property Management, Inc. offers rental housing options in Fort Hood. The company lists all the available properties online. Prospective tenants can apply for the available rentals online. The team understands individual requirements of every customer to suggest suitable rental property. To know more about rental housing in Fort Hood, visit 1020 West Jasper Drive, Killeen, TX – 76542. You can also call at (254) 699 – 7003.

Rental Property Investment: What You Need To Know

Rental properties for investment purposes usually comprise of commercial spaces, office buildings, and residential housing properties. The key to choosing a rental property that will generate profits is to make the right choice based on careful assessment and knowledge about rules and regulations pertaining to real estate. It is advisable to consult a real estate professional before investing in order to make informed decisions and minimize financial risks.

Important things that every investor should know before investing in a rental property are:

  • Understand The Market: Start with exploring the rental market of the area you are interested in by consulting different real estate agents and locals. Information about property values, average rents, suburb reports, and demographics will provide an insight into the current market conditions.
  • Property Tax and Laws: Knowledge about property tax and laws helps to gain an understanding of their impact on profits earned from an investment property. Consult a real estate agent to gain insight into the laws of your state.
  • The Right Mortgage: Consider different financing options and compare interests (fixed and variable), tax benefits, accounting costs, etc. A financial advisor’s advice regarding the best mortgage for the purchase is invaluable as he will help to structure the loan in a way that reduces costs and maximizes benefits.
  • Budgeting For Maintenance: A budget for regular maintenance should be drafted in order to cater to unexpected repairs and expenses and to keep the property in its appropriate condition. Look for a licensed property manager to manage the property and for meaningful advice on your responsibilities, rights, and property law.
  • Secure Down Payment: A large down payment is usually required for approval when purchasing investment properties. An investor should be ready to pay at least 20 percent of the property’s value as a down payment.
  • Increase Its Appeal: For high-quality tenants, it is important to make a rental investment attractive. A separate budget should be drafted for improving the curb appeal of the property by painting, pressure washing, upgrading lights, interior decoration, etc.
  • The Right Property At The Right Price: When choosing a property, determine the amount of capital growth (increase in value) expected from it. Some tips for choosing the right property in this context are to opt for a property in familiar locations, calculate its real value, tax deductions and expected cash flow, consider the demographic of renters, class of residential property (houses, home units and land) and the age and condition of the rental property.

Lone Star Realty & Property Management, Inc. offers a wide range of properties for investment. The agents assist the customers in finding suitable investment properties. For more details on things to know about rental property investment, visit 1020 West Jasper Drive, Killeen, TX – 76542. You can also call at (254) 699 – 7003. 

Everything You Need To Know About An Apartment Lease

An apartment lease is a legal contract that outlines various rules agreed upon by the parties involved i.e. the property owner and the tenant. A lease agreement states the duration of renting the apartment, amount of rent to be paid on a monthly basis, security deposits, pet policies, parking lot access, pool privileges and other details of the rental apartment.

Essential things that every prospective renter should know about an apartment lease before signing it are:

  • Termination And Renewal: An apartment lease agreement is usually for a 12-month period but may vary at the behest of the property owner and tenant. For renewal, it is usually required that the tenant should provide the property owner a 30 to 90-day prior notice for the same. 
  • Fixtures Provided: Check the lease agreement for fixtures that will be provided in the apartment. Permanent kitchen appliances like a dishwasher, oven, and stove are usually provided in apartments but you may need permission for removable fixtures like pool equipment, window shades, furniture on rent, appliances left behind by previous tenants, etc.
  • Security Deposit: The amount of security deposit to be paid may vary depending upon state law. Also, check the lease for information on when you will get your security deposit back; usually within 30 to 60 days of vacating an apartment.
  • Grace Period: This refers to the amount of time a tenant is granted to pay rent after the due date without any penalty; it varies from state to state. Failure to pay rent after the grace period entitles a property owner to charge a late fee or terminate the lease.
  • Guest Policy: Lease agreements include conditions on the number of guests allowed to sleep in an apartment and the maximum number of occupants allowed to stay in it. Some lease agreements even pose restrictions on the number of days that guests can stay in an apartment.
  • Pet Policy: For those with pets, look for restrictions on breeds, sizes, types of animals allowed and the monthly fee required in addition to rent.
  • Tenant Insurance: Check whether the lease agreement requires you to get renters insurance. However, it is recommended to get insurance even if not required by the property owner.

Lone Star Realty & Property Management, Inc. offers a variety of apartments on rent. The agents assist the tenants in understanding the terms of the apartment lease. For further details on an apartment lease, visit 1020 West Jasper Drive, Killeen, TX – 76542. You can also call at (254) 699 - 7003.

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