All Forum Posts by: Steve Stinson

• by Samuel Stebbins, 24/7 Wall St. via The Center Square

"The Huntsville metro area, located in Alabama, has one of the fastest growing high-tech sectors in the country. Between 2015 and 2020, employment in high-tech industries climbed by 30.6%, or 9,258 jobs, compared to 8.9% nationwide. The growth was led by surging employment in the scientific research and development services industry, which reported 62.2% job growth over the same period."

Read the FULL STORY here.

"The first two years of the Tech Town Index, Huntsville, Alabama ranked no. 10 and rose to no. 9 last year. This year, Huntsville claims the no. 5 spot, and it’s a well-deserved ranking. When you think of Huntsville, you might conjure up images of military defense and aerospace technology. While that’s a big part of what put the Rocket City on the map, today Huntsville attracts all kinds of IT talent, making it one of the best places to live for tech jobs.

In 2021, Huntsville employers posted 14,085 available technology jobs. Additionally, the number of IT jobs is expected to grow to nearly 20,000 in just one year and to about 21,000 in five years. What’s the reason for the one-year surge? Simply put, companies want to be in Huntsville – and they need IT pros."

Read Full Article HERE

Here are several local property managers for you to check out. They aren't in any particular order. I'd check out the websites to see the rates and fees as well the types of properties they manage. After you have picked a few you like, give them a call to do a personal interview.

Beau Miles

256-653-9414

www.epmhsv.com

AHI Properties

256-604-5686

https://huntsville.ahiproperties.com/

Astro Property Management

256-716- 6500

https://astropropertymanagement.com/

Carolyn Dietrich

256-325-7368

http://www.dietrichrentals.com/index.html

David Edwards

256-895-0350

https://www.hamlettproperty.net/

Michelle Cummings

256-656-4967

http://www.cummingspropertiesllc.com/home.html

Adam Hall

256-690-8052

www.foliopm.com

Glenn Replogle

256-631-8523

www.rcpmanage.com

Rob Taylor

256-651-1032

www.leaseal.com

Here are a couple of new remote property managers you may want to check out.

Caretaker - https://caretaker.com/

Marble - https://www.rentmarble.com/

Good investing,
Steve

What can you do? We're lucky in that we have sprawling farms that can, and are, being developed and our infrastructure is in overdrive to stay ahead. Major east/west, north/south arteries enable large amounts of traffic to move easily across the county. Anywhere in Madison County is 30 minutes or less from the major employment campuses. Our low cost of living, abundant natural resources and business-friendly environment are drawing national and international interests. We can't stop the growth, so we're planning ahead to absorb it.

• By Alex Torres-Perez
• Jan 27, 2022 Updated Feb 6, 2022

Huntsville is the biggest city in Alabama. It's also the largest-growing city in the state.

City planners said more people are moving to the area, thanks to major companies like Mazda Toyota Manufacturing, Facebook and Google coming to the Rocket City. That's causing the housing market to skyrocket, but there's a major problem.

"There's just not enough built housing on the ground right now to satisfy the demand that is here and coming," said Dennis Masden, manager of Urban and Long-Range Planning.

Read the full article HERE

@Stephanie Gothart the first thing I look for when clients want to investigate short-term rentals in the Huntsville area is whether or not there is an active HOA for the neighborhood. All newer communities will have restrictions on the length of rental leases, either 6 or 12 months. Many active HOAs are amending their CC&Rs to add these restrictions. If you set up in a home not covered by an HOA there's a better chance of not being reported. I think our market is more suited to the short-term workforce market than a traditional vacation/destination retail. You should purchase property that will perform if it has to be converted from short-term to a traditional rental.

by Debra Werner — February 18, 2022

Rocket city doesn’t intend to give up its title.

“Huntsville will continue to be a really important place for space in many regards, obviously on the propulsion and launch vehicles side of the house,” said Mike Ward, Huntsville Chamber of Commerce senior vice president for government and public affairs.

Huntsville is home to a Blue Origin engine production facility, Aerojet Rocketdyne’s rocket propulsion manufacturing facility and Dynetics work on NASA, U.S. military and commercial space programs. NASA’s Marshall Space Flight Center manages the Space Launch System and coordinates International Space Station experiments from Huntsville. Local employees also develop space station environmental support systems, manufacture space modules and perform space-based research.

“All of those things make Huntsville relevant today and relevant tomorrow,” Ward said.

In nearby Decatur, Alabama, United Launch Alliance manufactures Atlas, Delta and Vulcan Centaur rockets. Also nearby is U.S. Army missile development and testing at Redstone Arsenal.

Read Article HERE

Updated: Feb. 13, 2022, 12:41 p.m. | Published: Feb. 13, 2022, 7:00 a.m.

Read Article HERE

Read Article HERE

@Richie Thomas @Jessie Kristie There are some builders who will sell to investors and my recent experience has been a $400/$500 actual gross positive monthly cash flow. Of course, your numbers for management fees, CAPEX, etc.. will reduce the gross number. but it should still be positive (CAPEX on a new build should be very low). The area in Hazel Green/Meridianville is close enough to all of the major employers in the county and the schools rate pretty good too. The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.