When a prospective resident asks specifically for a popular floorplan, their odds of receiving a higher rental rate jump due to the software designed to help landlords generate more profit. On the other hand, if that person asks the landlord what floorplans they have available without noting exactly what they’re looking for, the rent price may decrease. A New York Times report shows that technology such as yield management software, can actually be used to the residents’ advantage as well. “Just as travelers can lower their airline fare by flying at off times, residents can often lock in lower monthly rents by agreeing to lease terms that help apartment owners avoid downtime or fill less popular units.” In light of this, Marcus Hiles recommends that renters look at beginning leases in an off-season, including late autumn or early winter.
An important point concerning the focus on families with animal companions is noted by a Nov. 11, 2016 Forbes article written by Steven Barr addressing the recent societal shift of domestic pets from so-called “ownership” status to now becoming a “beloved members of the family.” Along with this promotion in station, owners also show a willingness to earmark more time and income to the health and well-being of beloved creatures. Convenience lists for upscale communities around the nation respect the strengthening relationships between human and pet, changing the attitude from one of reluctant acceptance to a red carpet celebration with features ensuring animal comfort and human convenience. Fortune magazine tallies the trend and acknowledges “This year the pet industry is projected to take in $63 billion, up more than 25% from 2010 according to the American Pet Product Association (APPA).”
Each community designed by Western Rim reflects this pro-environmental philosophy, adding additional elements like programmable thermostats, energy-efficient roofing and windows along with other high-tech tools. “In diversifying our lawn plantings, we help to improve the existing wildlife habitat as well as reduce neighborhood displeasures like lawnmower noise, air and water pollution and yard waste,” Marcus Hiles Dallas developer said. “It is certainly a selling point for many customers who recognize what living in a dehydrated state such as Texas means and who prefer to live in harmony with their environment.” The abundant use of native flora and fauna helps to further cool the buildings. Western Rim Property Services planted over 3,000 trees among its upmarket complexes last year in the Dallas, Austin, Houston and San Antonio suburbs.
Western Rim CEO Marcus Hiles proudly contributes a positive impact on the quality of Texas’ eco-system with a 59 acre land donation. The land will be used to create much-needed recreation spaces throughout the state which will encourage healthier living for residents and improve the quality of surrounding air.
Estates brand communities are gated and feature urban-style all-elevator access to every apartment and townhome, along with luxe outdoor and community spaces. Every community has a resort-style swimming pool and sun deck, on-demand concierge service, and high-tech fitness center. The brand’s richly appointed units, combined with resort-style amenities, beckon a wide swath of Millennials, young families, empty nesters, and retirees who have chosen to lead a long-term rental lifestyle over that of home ownership. “Our tenants appreciate the exclusivity that the Estates brand provides as well as the flexibility that goes hand in hand with renting,” Hiles, CEO of Western Rim Property Services, explains. “Our mission is to continue to deliver luxurious retreats that our residents can call home.”
Marcus Hiles, CEO and Chairman of Western Rim Property Services, points to studies documenting distinct connection between a person’s environment and his or her well-being. Even when all factors such as age, income, and marital status are accounted for, people who live in suburban or exurban neighborhoods are more satisfied with their lives than citizens who live in densely populated urban areas. Decreased noise levels, better air quality, and other factors related to the surrounding environment also increase contentment. These findings reinforce Hiles’ premium locations for building rental communities which foster residents’ happiness and welfare. According to Marcus Hiles, Dallas renters should settle for nothing less, “Our goal is to create lifestyle amenities that provide hardworking people with a sanctuary.”
Read more: http://www.marketwatch.com/story/marcus-hiles-dallas-entrepreneur-cautions-renters-of-the-urban-jungle-2016-07-30
The popularity of renting over buying is significant, considering people are still electing to rent despite historically low interest rates. This trend notes a shift in priorities toward increased mobility and less commitment without sacrificing amenities and lifestyle. Properties developed by Marcus Hiles’ Western Rim are located near outstanding school districts, shopping centers, and feature golf courses, swimming pools, and clubhouses with everything amenities such as European Grand Spas, hair and nail salons, an on-site doctor’s office, a modern business center, and a Starbucks café. They are designed to satisfy the tenant’s longing for an affordable high quality residence with plenty of activity, but also with awareness of environmentally sound design and appliances.
The United States exceeded $166 billion in capital investments in 2015, a ten percent increase from 2014. Nearly a third of the proceeds came from Texas, and Dallas based real estate investor Marcus Hiles believes the Lone Star State has not only displayed the potential for sustained long-term economic growth, but has become idispensable to the success of the American economy. As Chairman and CEO of Western Rim Property Services, Hiles has spent the past three decades studying market tendencies in order to make profitable, strategic property acquisitions.
Flexibility is the name of the game in modern home design, and Marcus Hiles says that homes are being built with open floor plans and adaptable rooms to easily accommodate new arrivals for growing families. Implied spaces—areas of the home identified by different materials or colors in ceilings or floors—is a contemporary way to make interiors seem larger and avoid traditional obstructions like multiple walls. Breaking through barriers is what cutting-edge home design is trending towards: large bay windows allow for more natural light and can replace walls altogether, helping to blend the indoors with the out. In order to make private residences more desirable places to be, hot tubs, fitness areas and spas have started appearing in homes and apartment complexes, making relaxation and fitness easier than ever. Cooking gourmet-worthy meals has increased in popularity, and so have kitchens: restaurant-grade appliances and furniture like islands are included and helping kitchens become the center of the house, dining and living rooms are no longer the place families come together.
Coal and natural gas, both carbon intensive energy sources, produce over 60% of the electricity available worldwide. Nuclear, hydro, wind and solar provide cleaner power, but implementing them into the home is too costly for the average American. Instead, Western Rim CEO Marcus Hiles suggests monitoring use of lights, refrigeration, entertainment and cleaning appliances to ensure maximum efficiency. Simply switching from incandescent light bulbs to compact fluorescent lights will reduce up to 80% of the energy needed to operate them, and new light emitting diodes (LED) are even more efficient. Fridges and freezers can be increasingly efficient by not setting them too cold, making sure they are properly sealed and well defrosted, and located in the coolest area possible. Televisions, computers, phones and other electronics should be turned off and unplugged when not being used, as even their standby consumption can be significant. Laundry machines and dishwashers often have very high wattage, and because they are so necessary, it can difficult to limit their use. However, reductions can be made by selecting colder temperatures, and only washing full loads.