Student Housing

News about different properties, events, and more around the Univeristy of Texas

There are currently 9 blog entries related to this category.

Owning residential rental properties can be a great way to generate income and accumulate wealth.  However, if you don’t know your tax status you may be costing yourself thousands of dollars in the form of tax deductions.  Specifically, a property owner’s tax status will determine whether (and to what extent) their rental property’s expenses can be deducted.  As a result, determining whether a property owner’s tax status qualifies as an investor or business owner is really important.

As a general statement, a residential rental property owner can qualify as a “business owner” if they operate their rental property(s) to earn a profit and work with their rental properties regularly, systematically and continuously.  Conversely, a rental property owner

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The explosive construction of apartment communities in Austin the past two years is not necessarily a signal that this market is a top pick for developers or investors, according to a new national multifamily report by Marcus & Millichap. In fact, Austin dropped down three notches in the real estate firm’s National Apartment Index from 15th to 18th place. The index measures economic and supply and demand variables for the upcoming year. Some of the factors include employment growth, vacancy rates, construction rates, housing affordability and rents. Though job growth should continue to be strong, some 11,500 units will be completed this year, about double last year’s additions. Vacancy rates should climb, but that isn’t likely to result in rent decreases.

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Univeristy Estates and University Village have both recently sold. Both of these East Austin (Riverside) Complexes are primarily student housing properties and are on the Riverside UT Bus Line.

Investcorp, a subsidiary of Investcorp Bank BSC of the Middle Eastern country of Bahrain, has claimed a stake in Austin real estate.

The company, which purchases assets on behalf of high net worth individuals and institutions in Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and the United Arab Emirates, has bought the University Village and University Estates apartments on Crossing Place in Southeast Austin. The communities are largely populated by students.

Though the price was not disclosed for the collective 846 units, the Travis Central Appraisal District

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Located on the corner of Nueces Street and 26th, GrandMarc Austin can be your future home. Completed in August 2012, GrandMarc Austin is nearly two years old, which creates a refreshing feeling when walking through the main doors. The five-floor complex has multiple amenities including: a fitness studio, pool, tanning salon, study rooms, and more.

As a previous resident of GrandMarc Austin, I enjoyed how the location was close to campus. It was a 5 minute walk for me to get to class at the UT Communication School. In addition, I liked how my room came furnished (optional). From bed to desk to sofa, I was satisfied with the furnishing option. If there was a malfunction with the furniture, the GrandMarc staff were very quick about fixing it.

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Obtaining In State Tuition

Attention UT Students and Parents

Did you know that you can save on average $75,000 over the course of 3 years on Tuition if you are a resident of Texas?

Save 75,000!!!

On average In State Tuition runs around $5,000 a semester while Out of Sate Tuition runs around $17,500 a semester.  Below is a current chart of the 2012 -2013 Tuition rates for Residents and Non Residents.

If you are looking to establish Residency with the University of Texas than you have come to the right place. Here is a quick overview on how the process works.

Residency by Establishing Domicile

This option for establishing Texas residency is available to

  • Citizens or permanent residents of the US (Non-citizens and non-permanent
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Characterized by its proximity to the UT campus and many conveniences, West Campus is one of the most popular — and expensive — living areas for UT students. According to Multiple Listing Service, a professional rent listing used by West Campus realtors, rent in the area has increased by about 15 percent since 2008.

At least three new apartment complexes will have their grand opening this year, including 2400 Nueces, Callaway House and 21 Pearl. West Campus has also caught the eye of some out-of-state and international investors, which increases the value of land.

The popularity of West Campus is driving up prices at older apartment complexes in the area, leading some UT students to share rooms or leave the neighborhood entirely. Apartments are also

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The huge space ­— some 25,000 square feet — that was occupied by the Cool River Cafe in Northwest Austin has reopened as Abel’s North Grill and Tap House.

Ellis and Austin Winstanley — 32-year-old twins — purchased the restaurant and about 8 acres of surrounding land at 4001 W. Parmer Lane, and are focusing on attracting banquet and special event business.

“This is a Class A building that cost $200 per square foot when it was originally built,” Ellis Winstanley said.

In addition to the spacious restaurant and bar area, there are eight rooms for private parties and wooded acreage surrounding the restaurant that will be groomed for outdoor events.

Ellis did not disclose the purchase price, but the Travis Central Appraisal District

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We are excited announce the listing of 2708 San Pedro. This 10 unit complex is brand new to West Campus and offers some of the nicest finish outs you will find for a Student Property. The list price for this complex will be $3,900,000. The complex is fully leased and will always be one of the most sought after student properties in the West Campus Market.

 

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Great Article on the Callaway House in Austin TX. This is one of the nicest Private Dorms in the Country!

Freshman students at the University of Texas at Austin had a new housing choice this fall, and it’s so cool that some older adults probably wish they could go back to school for this luxury dorm experience.

Austin-based American Campus Communities Inc. (NYSE: ACC) built the new private dorm — the first full-service freshman residence hall that has been delivered at UT in 43 years.

“This is our first development in our hometown,” said Bill Bayless, ACC president and CEO.

Located at 505 W. 22nd St. — just a couple blocks from campus — the 17-story Callaway House delivers the amenities of a luxury condominium project at a price that in some

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