Watts Happenings: News & Blog

Did you know 70% of the rental inventory is owned by "Mom & Pop" Property Owners? And that 30% of those are managed by firms like Watts Realty for those Mom & Pop families! Watts Realty manages for mainly these small landlords!  The "Mom & Pop"...

“For those in hotbeds of catastrophic perils, it’s going to be a rough year.” That’s how Chip Stuart, the North American practice leader for Hub Real Estate Specialties, summed up what’s ahead for property risk management in 2023.Hub predicts that in...

Despite staunch opposition from the multifamily industry, rent control is unquestionably gaining traction. In 2022, rent regulation emerged a clear winner in municipalities around the country. The apartment sector faces an intensified challenge of articulating the case against re...

Dedicated mountain bikers and anyone who’s ever wanted to give it a try, you’re in for a treat. On November 19, from 2-5PM, RideBHM opens, bringing mountain biking to the masses. We got a sneak preview, so keep reading for all the details.  Back in March 2022, we...

Just dropping this here to recognize Chip on his Birmingham Business Journal's "Who's Who in CRE"!Just look at all those designations y'all. It means Chip knows a thing or two about commercial real estate.

According to Chip Watts, president of Watts Realty Co., three major areas revolving around “uncontrollable expenses” are impacting rents in the Birmingham market. This includes comparative sales increases causing property taxes to rise and be recouped through increase...

For those of you who wonder about offer presentations, here’s a very direct article for consideration. If it’s in an email or handwritten on a napkin, real estate agents in Alabama must present your offer to the Seller - by law. Period. Although this article is specif...

Property owners are leaning heavily on their property managers to stay abreast of what’s next in the shifting regulatory market. And while recent and suggested actions from the Biden Administration have garnered some attention, according to Chip Watts, CPM, CCIM, the item l...

Please be safe out there & understand how the 20 degree rule works for your home’s air conditioning!! As a simple role of thumb, your AC can only keep your home 20 degrees cooler than the outside air temp - expect your home to only cool down to 75-80 degrees this upcomi...

Chip was quoted recently in the New York Time's regarding the technological transitions some buildings will be making, or maybe not, as the pandemic resides.  In a contact-less world, a building's OS will play a bigger part in security, health status, and building ef...