Austin Property Management Blog

Austin Market Update September 2020

System - Thursday, September 17, 2020

We have made it through yet another very busy summer season. Air conditioners were broken, appliances were placed on back order and all the while, our staff held it together. We truly appreciate your patience and trust in us in these difficult times.

This being said, we wanted to share a few updates with you. If you haven’t heard yet, there is a ban on evictions through the end of the year. This hasn’t been terrible for us as a company, as we have been very diligent about asking people to leave or setting up payment plans where it makes sense. Follow the link if you'd like to send a note to Congress requesting they enact rental assistance for housing providers.

The good news is that Austinites are still working. We are experiencing growth with new businesses coming to town. I am pleased to state that Tesla has officially broken ground on their new facility for the Cyber Truck and we are excited to have them.

Rents have remained stable in most areas and the inventory of homes for sale is still in short supply. These are two key indicators that keep our leadership team optimistic about the market in Central Texas.

As you may have noticed we have brought on more staff and we are working to better serve you. We are working to continually improve our processes and can’t thank you enough for your patience and loyalty. You may be getting calls from new voices, so I just thought I would let you know.

Lastly, we are in the process of partnering with a large insurance company that we think has fantastic rates for landlords. They have already saved me money while upping my coverage, so I am a believer. More details to come in the next couple of months, but this should be a huge win for all of our clients.

We appreciate your trust in us. Call or email any time.

Thank you,

Jason Huval, MBA
Broker and Partner
Stone Oak Property Management

Contact Us

Stone Oak Property Management
14050 Summit Drive #113B
Austin, TX 78728

Phone: 512.617.6766
New Accounts: 512.615.7737
Toll Free: 888.892.7940
Fax: 512.994.2300

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