SAAA's Weekly Scoop - January 18, 2024

Thursday, January 18, 2024

2024 Membership Dues

The SAAA Board of Directors approved the following changes to membership dues in three categories effective January 1, 2024.

Independent Rental Owner (IRO)

$235.00 (50 Units or less)

$285.00 (51 Units or more)

Owner

$350.00

Property Unit

$3.70

Supplier

$450.00*

*no change

New Member Spotlight

Middleton Construction

Middleton Construction is a full-service general contractor specializing in multifamily housing and commercial building repairs or remodels. Having served the Austin, Dallas, San Antonio, and Houston areas for 19 years, Middleton Construction is able to meet any of our customer’s needs. Our focus is on providing a quality product with exceptional customer service.

Visit the website for more details and contact information.

The 2024 SAAA Directory Is Coming Soon!

Secure My Ad Space

60^th Anniversary Gala January 25^th

State and Local Dignitary Attendees

Senator Jose Menendez

State Representative Ray Lopez

SAPD Chief William McManus

Assistant City Manager Lori Houston

District 1 City Councilwoman Sukh Kaur

District 2 City Councilman Jalen McKee - Rodriguez

District 3 City Councilwoman Phyllis Viagran

District 4 City Councilwoman Dr. Adriana Rocha Garcia

District 6 City Councilwoman Melissa Cabello Havrda

District 9 City Councilman John Courage

District 10 City Councilman Marc Whyte

Next Property Management Safety Meeting scheduled with SAPD

Tuesday, January 23rd, 10:00 AM - 11:30 AM (in-person)

Star Club Apartments - North Service Area

RSVP for SAPD Meeting on January 23rd

View the SAPD Substation Map

Follow this link to determine which location services your property:

Substation & SAFFE Officers Lookup - City of San Antonio

Click Here for More Details

Check out this month's Market Line Report for San Antonio from MRI Apartment Data

A few key highlights:

Although occupancy increased between November and December, the rate (87.7%) clearly indicates a tenant’s market. And rent growth over the past 12 months is negative. That said, - 1.4% is not so concerning compared to Austin’s -5.3%. Of the 12 Sunbelt markets tracked, only Houston has seen positive rental rate growth. The other nine markets are Dallas/Fort Worth, Jacksonville, Orlando, Atlanta, Tampa, Nashville, Charlotte (NC), Raleigh/Durham, and Phoenix.

Industry principal Bruce McClenny, expects that the oversupply of units across the 12 markets will lead to flat overall rent growth this year, although he points out that oversupply can be countered by job growth and economic development.

View more details from Industry Principal, Bruce McClenny here

View the Report