We are off to a running start for 2021. The 2020 year was full of surprises and pitfalls, but as a company we fared better than most. Our rent collections stayed consistent and we were able to continue to practice property preservation with a pandemic in full swing. Our staff at Stone Oak is dedicated to serving you and your Austin property management needs in 2021 with the same integrity and passion for excellence that you expect from us.
On January 14, 2021, President-elect Biden announced his stimulus proposal. In this plan, he proposes some payments to landlords, forbearance options and more money directly to taxpayers that qualify. The proposal suggests the payments for rents included in the proposal are to be made directly to landlords. This would be a move in the right direction, however, he is also proposing to extend the eviction moratorium until September 2021. The issues are complex and create more challenges, however, we are doing our best to stay ahead of them and continue to remain effective in rent collections. Keep in mind, this is simply a proposal and will likely be further modified, but we are aware that it could be coming down the pipe and wanted to make you aware that it will be coming soon.
We have maintained open communication with all tenants that fall behind in their rent payments and have been successful in executing payment plans and voluntary move-outs where possible with tenants that are cooperative and that can no longer afford rents. We will continue this effort in 2021 and make changes to our approach as more options become available.
If you have any questions about the Austin market please don't hesitate to contact our team of Austin property managers at Stone Oak!
Available Austin rental homes >>> https://www.stoneoakmgmt.com/austin-homes-for-rent
More information about our property management services >>> https://www.stoneoakmgmt.com/property-management-austin