All Forum Posts by: Steve Stinson

January 27, 2022/in Automotive, Community Development, Engineering, Featured, Lead, News/by Dawn Suiter

Mazda Toyota Manufacturing (MTM) held a special media event yesterday at its joint manufacturing facility on Greenbrier Rd. to unveil the start of mass production of Mazda’s newest crossover SUV, the CX-50.

MTM’s launch ceremony, cheered on by hundreds of members of the plant’s workforce, featured a number of special guest speakers, including Mazda North American Operations (MNAO) President and CEO Jeff Guyton, MTM Vice President of Production Janette Hostettler, MTM president Masashi Aihara, and CX-50 Chief Engineer Naoki Okano.

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January 27, 2022/in Community Development, Engineering, Featured, News/by Lori Connors

The privately held, Birmingham-based Robins & Morton construction firm is on the fast track to finishing a considerably high-profile construction project as part of the ongoing Redstone Gateway development.

Along with the Corporate Office Properties Trust (COPT), Robins & Morton are in the process of finishing two build-to-suit structures that have been leased by Northrop Grumman, one of the largest defense contractors in the world. The architect for this prestigious development is Powers Brown Architecture.

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@Michael S.No, I haven't seen that yet. I am familiar with an older townhome community that prohibits any rentals. I don't see how that would hold up if ever challenged.

@Michael S.almost all of the newer subdivisions have a 6 month/12 month minimum lease term in the HOA CC&Rs. I think you'll see most of the older (still active) HOAs without that provision attempting to amend the CC&Rs to include it.

If you haven't seen carpet in Huntsville bedrooms, you just haven't been in enough homes. No problem with carpet and the only way to go with a rental. I use James Carpets. 

Here's info on Huntsville:

Now Alabama’s largest city, Huntsville’s military (Redstone Arsenal), space (NASA), telecommunications (ADTRAN, AT&T), biotechnology (Hudson Alpha), diversified manufacturing (Toyota/Mazda, Polaris) and a variety of emerging specialties provide challenging work (#5 Best Places for Career Opportunities) in delightful surroundings (#3 Best Places to Live in the US). The area enjoys a favorable cost of living (#1 Most Affordable Places to Live in US) and quality of life. Mountains, lakes, woodlands and the Tennessee River accommodate numerous recreational activities. A temperate climate enhances the season for outdoor sports, including world-class golf, hiking, biking, and fishing. Major concerts, Broadway and symphony performances, extensive permanent collections and traveling exhibitions contribute to a wonderful way of life. All of this makes Huntsville/Madison County the #10 Hottest US Rental Markets.

Local employers with 1000+ employees (in descending order).

US Army, Huntsville Hospital, NASA, Huntsville City Schools, Boeing, Dynetics, SAIC, Madison County Schools, City of Huntsville, Northrop Grumman, University of Alabama in Huntsville, ADTRAN, Polaris, Toyota, Hexagon, Alabama A&M University, Crestwood Medical Center, Madison County Commission, Science and Engineering Services (SES), Madison City Schools, AT&T Alabama

Read the article here: https://www.marketwatch.com/vi...

From Realtor.com

Source: National Association of REALTORS®

10 Markets Called ‘Hidden Gems’ for Real Estate in 2022

December 15, 2021 

Many of the housing markets to watch in the new year are located in the South, says the National Association of REALTORS®, which released its top picks for the markets that likely will see some of the strongest price appreciation in 2022—the “hidden gems,” as the association says.

NAR released its top 10 list during its third annual year-end Real Estate Forecast Summit on Wednesday, where economists weighed in on the trajectory for the 2022 housing market.

"The housing sector performed spectacularly in 2021 in many markets, with huge gains achieved in places like Austin, Boise, and Naples," says Lawrence Yun, NAR's chief economist. "Several markets did reasonably well in 2021, but not as strong as the underlying fundamentals suggested. Therefore, in 2022, these ‘hidden gem' markets have more room for growth."

The top 10 markets topping NAR's "hidden gem" list for 2022 are:

• Dallas-Fort Worth, Texas
• Daphne-Fairhope-Farley, Ala.
• Huntsville, Ala.
• Knoxville, Tenn.
• Palm Bay-Melbourne-Titusville, Fla.
• Pensacola-Ferry Bass-Brent, Fla.
• San Antonio-New Braunfels, Texas
• Spartanburg, S.C.
• Tucson, Ariz.

Seems like the Realtor you bought the property through would be your best bet?

Really hard to profit on short-term rentals with a 20%30% management fee. The better opportunity in Huntsville is workforce housing. Lots of companies bring in temporary workers for a few months and this market is very active. Rents are higher than normal long-term rentals and a little lower than the true Airbnb. You can manage yourself because the turnover is only a few times a year.