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Found 109 entries published by Monte Davis.

why tech workers should consider moving to Austin

Austin, Texas has seen a dramatic changes in its skyline as major tech companies, like Apple, Google, and Facebook have been relocating their offices here.

In fact, Apple announced that it will be investing $1 billion to build a new campus in North Austin.

Austin is quickly becoming known for its thriving tech industry as major companies and small start-ups are flooding the city’s job market. In the past few years, Austin has seen many industry-leading companies, like Juul Labs and Paradromics, move to the city from their original headquarters in San Francisco.

For many years, San Francisco has been known as Silicon Valley, but as more and more companies choose to relocate to Austin, the lone star state capital is gaining a reputation in the

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Learning how to speak real estate is like learning how to speak a new language.

There are seemingly countless never-before heard terms that you encounter on a regular basis that always leave you puzzled. But when you’re wanting to sell your home, knowing real estate terminology will keep you in the loop when you’re selling your home.

To make it simple, here’s a guide to some of the most common terms we are asked to explain:

Real Estate Terminology 101

APS (Agreement of Purchase and Sales)

After you’ve found a buyer for your home, you will be required to fill out an agreement of purchase and sales. This is a legally binding contract that spells out all the conditions of the sale of your home. In going through this

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While you intend to keep an investment for years to come, that isn't always the case. There will come a time when you will sell the property you are just now buying. With that in mind, it is important to think resale value now. How can you tell if the investment you're thinking about buying has good resale value? Here are some signs:

The Neighborhood
Location is always the number one seller. Make sure the property you are buying is located in a prime, but quiet neighborhood. What else should you look for? Signs of a great neighborhood include the following: top schools, nearby entertainment and dining options and more. 

The Systems
Ensure the home’s systems are either new or in good standing at the time of purchase. While it is expected to have to

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The 97-acre proposed development site dubbed “Indigo Ridge South” in eastern Cedar Park calls for offices, light manufacturing, and high-density residential, including up to 1,500 new housing units.

Located near the intersection of East Whitestone Boulevard and West Parmer Lane, the parcel is situated on the eastern fringe of Cedar Park, south of an Austin Wood Recycling location and west of a single-family home neighborhood on the outskirts of Round Rock. Originally slated to become a Schlitterbahn waterpark, development plans for the waterpark stalled several years ago. Currently, plans for Indigo Ridge South are moving forward, including rezoning the land into a “planned development” that would accommodate a general business or mixed-use

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If you manage your own rental properties, it’s essential to have a “Rolodesk” full of numbers to help with common and not-so-common issues. Today, we’re sharing our list of helpful Austin-area phone numbers and web links for pesky problems. At Monte Davis Property Management, we strive to be a resource not only for our clients but also for investors who self-manage. Click here for a printable pdf of our “Helpful Numbers for Pesky Problems.” If you have questions, our team is here to help. Call us anytime: (512) 861-8089.

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As the Broadmoor campus continues to take shape, this massive 16-city-block development is projected to impact the greater North Austin area, along with residential property investors, significantly. All told, the development will include an urban oasis of parks and 23 trails, along with high-end retail, restaurants, and entertainment venues, sprinkled with modern offices and apartments.

While The Domain could be dubbed a competitor, the overall feel from those spearheading the project, Brandywine Realty Trust, is that the two will feed off of one another, creating an urban core that is predicted to rival Austin’s Downtown.

But that’s not all. If a secondary urban core area comes to pass, such a layout could significantly impact two of Austin’s

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As the vision for Austin’s “Uptown” continues to take form, there are a few significant influencers that will shape the ultimate form of Brandywine Realty Trust’s Broadmoor development in North Austin.

To date, Brandywine has declined to comment on whether there’s something afoot with Amazon. However, it’s hard to imagine that this massive, 16-city-block development isn’t on the radar for HQ2. In fact, Amazon’s Austin executives and tech workers look out at Broadmoor from their current office towner in The Domain.

That aside, a diverse group of potential tenants and co-developers have indicated interest in “Uptown,” including firms who build retail, residential, and hospitality space.

Ultimately, Broadmoor’s most significant influence is

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Seen as the center of North Austin’s fast-paced growth, 16 new city blocks near The Domain are the vision for Austin’s “Uptown.” Spearheaded by Brandywine Realty Trust, when completed, 11501 Burnet Road will include a massive oasis of parks, 23 miles of trails, high-end retail, restaurants, and entertainment venues, sprinkled with modern offices and apartments.

Although figures could change, initial estimates listed in the city’s analysis of traffic impact indicate that the project could include 3.2 million square feet of office space, 300 hotel rooms, 98,462 square feet of retail, 40,000 square feet for restaurants, 2,092 apartments, and 150 condos or townhomes.

Seen as a catalyst to possibly curb rapidly rising traffic and housing costs across

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In a move that is already impacting nearby retail and residential neighborhoods, HEB Grocery Co. has announced plans on a new South Austin HEB store near West Slaughter Lane and the I-35 frontage road. If updates to the site plan are approved by the City of Austin, the 139,000-square-foot store, car wash, and gas station are slated to open in late 2019 or early 2020.

The 8801 South Congress Ave. store is expected to profoundly impact the trajectory of future retail and residential developments in the immediate area, including “South Congress Station,” a shopping complex across the street at 9000 South Congress Ave. Anchored by a Gold’s Gym, other tenants include Pet Supermarket, a Schlotzsky’s sandwich shop, and Deca Dental, while lease

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As the city of Austin vies to become the new home of Amazon’s HQ2, we’ve heard questions from residential investors and potential investors wondering how the tech giant will affect Austin-area home prices and rents.

First and foremost, the Amazon effect is real. In Seattle, Amazon’s hometown, the now-booming tech giant spiked housing prices and gentrification. From 2005 to 2015, Seattle’s median rent went from $1,008 to $1,286 – three times more than the national median. Housing has experienced an even more drastic increase as recent data shows Seattle’s median home price hit $777,000 in February – an 18 percent increase from the year before. 

Rents and home prices will increase no matter which city Amazon chooses, but some metros will change

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