Watts Happenings News and Blog
Here is a candid picture of IREM's lunch event Tuesday at Flats on 4th.
Look at all of Alabama's well known Real Estate Brokers chilling out in
our lounge talking about the current status & future viability of
the multifamily market. Hashtag something clever...
We only have just over $1,000,000 under contract right now for our Clients, but have a new $6M development in the late planning stages. AND we are definitely open for more listings and more management accounts! Give us a call or email, we are ready to serve you.
We pride ourselves on our ability to give personal service for our Clients in management, leasing & brokerage. Our team is the best in the market with over 200 years of active real estate experience in our small, intimate office.
Hopefully we can get a few more Facebook posts for you all in the near future to share some amazing recent deals. For example; Civil Axe Throwing (a fun activity!), Lucky Cat Rolled Creams in Homewood, Roly Poly, new self-storage, just to name a few recent leases!
PS...our Flats on 4th development reached 100% leased.
please remember to keep a drip on any faucets sharing an exterior wall
even with your heat running. If you own a vacant investment home, make
sure the house is drained with the meter off.
Even though it is our policy for contractors to make sure the water is off when they
finish work on a vacancy, we always double check before these multiple
day freezes and/or when temps dip below 20-25. Michael & I will be
visiting vacant homes again tomorrow to double check. The life of
Enjoy the freezing New Year! ~David
everyone in 2018. Quick reminder - please PLEASE please don't shoot guns
into the air on New Year's Eve. We don't like the following week when
roof leaks get reported, and our contractors find bullets as the cause.
But do enjoy yourself & the fireworks, safely... ~David
holds a special place with us. Mr. Hawkins brought on this listing many,
many years ago. It was quite a large parcel that we have sold in pieces
over multiple transactions. Shades Valley High School campus was part
of this land originally. We worked with ALDOT when Grants Mill Road
needed to cut across this land. We recently sold 34 acres to a Single
Family Home developer for a new neighborhood. All that remains
- 29.05 acres. Perfect for a Publix development, retail, residential
development, or even office park - as the location has only gotten
better over the years at the intersection of Grants Mill Road & Old
Our family is in the real estate business to serve other families that own real
estate. The man that owned this land, when Mr. Hawkins listed it for
him, passed it on to his three daughters. Those daughters passed it on
to the third generation over these past few years. We are proud to be a
fourth generation company representing multiple generations of family
owned properties - both in brokerage & management.
Merry Christmas! Please enjoy the time with your family over the holiday season, as we & our Clients do the same. ~ David
Please welcome IKKO Ramen & Sushi to the 5 Points South Neighborhood. Today is their Grand Opening, so make sure to stop by and grab a bite to eat next time you are in the area.
"The consensus among property management specialists and other real estate services professionals is that 2018 will be another strong year for real estate generally, although the industry seems to have passed the peak of the "up" cycle. Conceivably, a downturn is lurking, but it's not immediately in view."
That is the consensus from real estate professionals around the nation, as Chip explains how the deep south is looking to 2018.
"The Market looks strong in the Deep South too, for now," Chip Watts, CPM, CCIM, President and Executive CPM for Watts Realty Co., AMO, in Birmingham, Ala., predicts little change for 2018, although he's less sanguine about the long term.
"We'll have a strong 2018 for multifamily," he said. "We're seeing new projects being announced almost monthly. Office is just a little soft and will continue to be so. Relocations from suburban to urban buildings are on the rise, and total space requirements are increasing because offices have already gotten as small as they can get."
"Retail is in a transitional time. Some of the major chains are closing units, but single stores are coming back , which indicates to me that we have a strong economy."
The overall news is positive for property managers, he said, and for people who are considering entering the profession.
"Our multifamily market will remain strong, with lots of competition for staff talent through favorable salaries and benefits," he said. "Our commercial markets will be flat because we see a lot of space in transition now. IN Alabama, you need a real estate license to lease space, but in some other states, you don't, so management companies there might have a larger pool of personnel to choose from."
"The challenges for property managers, in the coming year, will continue to be the ability to integrate technology into your marketplace, operate smart systems, and communicate via social media. Alabama will see a strong market in 2018; it's what could happen after that, that concerns us."
You can read more about the economic outlook for 2018 in real estate management here... http://www.jpm-digital.org/jpm/nov_dec_2017?pg=1#pg1