Austin Property Management Blog

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 optio...

The markets in Austin & the Central Texas area are still going strong. We were not sure how COVID-19 would affect the housing market and more importantly the local economy, but we keep getting surprised.

The rental market has slowed as we enter the tail end of the year, but we believe it to be seasonal. We are still leasing homes every week and our economy is strong in Central Texas. In September, the Texas Workforce Commission (TWC) stated that our unemployment rate for Texas is 6.8 percent and 5.5 in the Austin-Round Rock MSA. “Texas is below the national seasonally adjusted rate of 8.4 percent" and the...

If you haven’t already taken a look at our recent post regarding the news interview and article about evictions you can view it by visiting the link below.

Eviction Protections in Austin, TX Hurting Landlords

We have been notifying our tenants of any available rent assistance programs and encouraging them to participate if they are delinquent.  We are seeing an uptick in delinquent accounts of which most are setting up payment plans and complying. However, it is a much higher delinquency rate than we&...

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 groun...

I’m sure you may have heard or read about Texas being a hotbed of activity for COVID-19, but many Austinites are still working and people are still definitely spending money. My children go to school in Pflugerville and the parent survey that Pflugerville ISD recently sent out showed that nearly 60% of households that answered the survey were not financially affected by the outbreak of COVID-19 in the Austin area. As of now, our schools are remote for the first three weeks. Once that time has passed the district will take a better look at the situation and decide on allowing the kids to return to their classrooms. I bring this up because we have many properties in the Pflugerville area an...

There are still many unknowns in our market and what may be happening in the economy in the coming months. There were millions of dollars that were disbursed to businesses to assist in employee retention through the “Paycheck Protection Program”. These funds were enough to cover a companies’ entire payroll for two months lasting through June. We anticipate that many markets will suffer if the economy can’t recover in the coming months should another lockdown be required in Texas or across the country.

However, Texas and more importantly Central Texas is still very strong. We have a large tech industry and government jobs that...