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House for Lease 4300 Scales
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Noelfil
Mueller Community

Posts: 95
Joined on June 25th, 2008
House for Lease 4300 Scales
by Noelfil on June 25th, 2008

 
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Mr.Me
Mueller Community

Posts: 47
Joined on August 18th, 2007
Re: House for Lease 4300 Scales
by Mr.Me on June 25th, 2008

Im not the Realtor you talked to but there are no restrictions according to the HOA. If you look in paragraph 2.10 it reads

“Rentals. Nothing in the Supplemental Covenants shall prevent the rental of any Unit and the Improvements thereon by the Owner thereof for residential purposes. All leases shall be in writing. The owner must provide to its lessee copies of the Community Covenants. Notice of any lease, together with such additional information as may be required by the board, must be remitted to the Master Assosciation by the Owner on or before the expiration of ten days of the effective date of the lease.”

Most of the builders address the issue in their contracts saying that the buyer is unable to lease the property for six months to a year (depending on builder) although I wonder if anyone of them would actually enforce this.

As for as Streetman’s contract goes, it says

"Buyer acknowledges and agrees that this property is not being purchased as a rental property. Upon purchasing the property Buyer agrees to occupy the property for a minimum of six months after the date of the closing. If buyer rents the property within the first six months after closing, due to circumstances presently unforeseen or beyond buyers control, buyer is to submit a written letter to seller specifying the reason for renting the property."

I personally am all for allowing leasing and believe it will allow people who were not able to afford the neighborhood, waiting for a house to be built in the neighborhood, or just want to experiment the Mueller lifestyle a chance to be apart of the community. There has been extensive discussion on this subject in earlier threads but I cant seem to find them.
 
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Noelfil
Mueller Community

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Joined on June 25th, 2008
 
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Mr.Me
Mueller Community

Posts: 47
Joined on August 18th, 2007
Re: House for Lease 4300 Scales
by Mr.Me on June 25th, 2008

I agree if renting becomes rampant than there can be some repercussions but I think the current make up of the community is virtually all homeowners occupying their primary residence. My guess would be that the areas you were talking about that had problems had a large percentage (20%+) owned by investors, I think we are a LONG way from that. The builders have done a good job so far with screening the buyers and I think will continue to do so.
 
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mick
Mueller Community

Posts: 67
Joined on August 30th, 2007
Re: House for Lease 4300 Scales
by mick on June 25th, 2008

If someone can afford $3600 in rent, I doubt they would be bringing the neighborhood down... And if they liked mueller they would prob. buy a place soon after.

I do agree they were very strong in the pioneer process to discourage investor\speculators. Same with roommates, but a lot of that was before the covenants were readily available etc... Plus with all the mis(or non)information going around Catellus and the builders who knows\knew what was going to fly and what wasn't.
 
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MuellerMom
Mueller Community

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Joined on April 27th, 2008
Re: House for Lease 4300 Scales
by MuellerMom on June 26th, 2008

As far as Realtor holding an Openhouse(Note the home wasn't being really sold by Keller Williams) , I understand the man from Streetman was just helping a new Realtor get his business started & allowed him to hold openhouses to try to get potential buyers for his business. New Realtors hold openhouses all the time trying to build their database. If anything, I think it is a compliment to the Streetman guy for helping the Realtor.
 
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MuellerMom
Mueller Community

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Joined on April 27th, 2008
The thing that bothers me about this board.,...
by MuellerMom on June 26th, 2008

is that if you have a concern, why don't you just pick up the phone & call the person to get an answer instead of speculating and creating concern. Like in this case call the Streetman guy and ask him. :?: :roll: So, to back up my suggestion I did Streetman last night and talked to Bob. He was very nice & welcomed my call. He was not aware of the blog comments. He said, "The guy who bought the house was planning on living in it & before closing was assigned a new job out of the country. His plans are to come back to live in this home. He did not want to sell & possibly not be able to get one of these Streetman Homes here in Mueller. So he is going to lease til he returns." Personally, I think that is great...a person who wants to live here so badly that he went ahead & closed on a home with the risk of leasing just so he can live her when he returns.....that sounds like a great neighbor to me! Can't wait to meet him some day. :roll: I know I will suggest to anyone I know that wants to rent to look at this home for lease ...let's help out this fellow resident like we have with other items in community. That's what Mueller is all about! :D
 
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TinyHornet
Mueller Community

Posts: 59
Joined on May 20th, 2008
Re: House for Lease 4300 Scales
by TinyHornet on June 30th, 2008

Of course that's what the guy from Streetman said. But note that the realtor had a different story when asked--so someone isn't telling the truth.

The house is listed on MLS both for sale ($535,990) and rental ($3600/mo). But it's also being advertised on Streetman's own website for the same price (sale only). And--here's the clincher--Travis County Tax appraisal website shows that the house is owned by Streetman Homes Ltd., LLP. Looks like the realtor was right. Shame on Streetman for violating the same rules it requires its buyers to follow (and for lying about it).
 
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Chris
Mueller Community

Posts: 133
Joined on February 8th, 2008
Re: House for Lease 4300 Scales
by Chris on June 30th, 2008

TinyHornet Wrote:
And--here's the clincher--Travis County Tax appraisal website shows that the house is owned by Streetman Homes Ltd., LLP. Looks like the realtor was right. Shame on Streetman for violating the same rules it requires its buyers to follow (and for lying about it).


That is no clincher. The Travis County tax appraisal website is updated only once a year and it shows the owner as of the first of the year. It is not a running list of property owners. All of the Streetman homes will show up as owned by Streetman, and it is probably the same for most or all of the homes by other builders. (Many of the homes will also be appraised at only the value of the bare dirt for this year.)
 
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TinyHornet
Mueller Community

Posts: 59
Joined on May 20th, 2008
Re: House for Lease 4300 Scales
by TinyHornet on June 30th, 2008

Ok, I spoke outside my league on the TCAD bit. Thanks for clarifying that, Chris. But is it not compelling that Streetman is offering 4300 Scales for sale on its website?
 
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