Stone Oak Client Update | May 2022
Austin, Texas Rental Market Trends
Since the start of the pandemic in 2020, Austin’s real estate market has been on the rise. There have been a multitude of factors that have contributed to the rise in costs everywhere, especially in Austin. The data below shows the increase in home value % across the state of Texas. As you can see, our area has been the most affected by the changes happening these last couple of years.
As inflation steadily increases, so does the cost of living for everyone. Landlord's rates on insurance, maintenance and the like continue to go up, and to offset these costs the tenants then pay more in rent to live in the home. Below is a glimpse of the inflation we are currently facing in America.
Stone Oak Resident Update | May 2022
Residential Benefits Program and Renters Insurance
Last month we briefly talked about the importance of Renter’s Insurance in the context of the Tornadoes that impacted quite a few people in the Central Texas area. The second round of storms spun up in the weeks since then that dropped more tornadoes northeast of Austin. This is just one example of things that might trigger a need for renter’s insurance to cover your cost of temporarily staying somewhere else while repairs are made.
When we recently introduced the Resident Benefits Program (RBP) we were also working on Renter’s Insurance options with the goal of setting up a simple and cost-effective insurance option for tenants. We’ve finally got that set up and by May 15th we will be rolling it out to be included with all new leases and lease renewals. By default, all new enrollments will include Renter’s Insurance in the cost with options to change some coverage, or provide proof of your own policy. If you’re already enrolled in the RBP the insurance piece will not be included until after your renewal, but if you’d like to explore getting renter’s insurance sooner than that let us know. We’re happy to provide ...
Stone Oak Client Update | April 2022
Property Tax Time - What to Do?
The Travis County Appraisal District has released appraisals to homeowners across Austin, and expectedly, home values are way up.
The data this year shows the median home price in Austin now sits at $632,208. Up from $413,403 in 2021 and $354,622 in 2020. That represents an increase of 52.9% in just the last year. Congratulations if your property has appreciated alongside this crazy market!
One thing that comes with this rise in value though, is the rise in property taxes. We expect a lot of homeowners this year to be surprised at the size of their tax bill for their property. As a property owner, you have actions you can take that can greatly help you reduce this amount owed for your property taxes every year!
We encourage clients of Stone Oak Property Management to protest their property taxes, and have negotiated a deal for our clients with our partner, Home Tax Shield, when you set up the protest through us. The cost of the service is contingent on savings they are able to obtain for you so if they don’t save you any money you don’t pay! We are able to assist our clients with working with Home Tax Shield, we just need the owner’s approval to do so.<...
3304 Lauren Nicole Lane Available for Lease in Round Rock, Texas
3304 Lauren Nicole Lane, Round Rock, TX 78665
1,600 SF | 3 Bed | 2 Bath
Learn more about this available rental home today!
Own an investment / rental property in Round Rock? Learn more about Stone Oak's property management services for Round Rock, Texas.
3124 Bravo Drive Available for Lease in Leander, Texas
3124 Bravo Drive, Leander, TX 78641
2,780 SF | 5 Bed | 3.5 Bath
View this property and other rental homes available now in Austin, Texas!
Own a property like this one? Learn more about Stone Oak's Leander property management services!
Stone Oak Resident Update | April 2022
The Importance of Renters Insurance
With the recent storms in the Austin/Round Rock area, the importance of maintaining renters insurance is front and center. In the event a home is deemed to be unlivable, your renter's insurance, with the right coverage, will cover you while you are displaced and will also cover your personal property should it sustain any damage. Talk to your insurance agent or company to make sure you have the right coverage for your needs
Renters insurance is a requirement to live in a property managed by Stone Oak Property Management.
Phone Calls & Communication With Our Company
We strive to provide excellent customer service! We return all calls within 24 business hours, if you call into the office, please leave a voicemail and someone will get back to you within 24 business hours. Please note, that unless you leave a message we will not know that you called.
Our team strives to provide the best service possible and sometimes we can get busy! Please know that our team will always field your inquiry at our earliest convenience.
Lockboxes On Your Property
In anticipation of the busy summer season approaching, we are taking...
7429 Dallas Drive Available for Lease in Austin, Texas
7429 Dallas Drive, Austin, TX 78729
2,323 SF | 4 Bed | 2.5 Bath
View this and more available Austin rental homes!
Stone Oak Client Update | March 2022
Pre-leasing Your Austin Rental Home
Pre-leasing your rental property is a process that allows your asset to stay in front of the market and decrease periods of no income. There are pros and cons to doing so, both faced by the owners - and tenants.
We recently took the time to go over the pros and cons of pre-leasing your rental home in Austin. Please check out this write-up and let your property manager know if you have any questions regarding the pre-leasing of your rental property.
Tax Protest Account Transfers Underway
For those who opted in to the program, our process to transfer all protest accounts has begun. Please keep an eye out for an invitation from their platform in your email inboxes before the end of March. We will be keeping tabs on any clients who haven’t responded to the invite to protest their property taxes and will reach out to make sure it was received and completed prior to the deadline.
For property owners taking part in the program, it’s important that you complete the required setup via the protest invite you received before the protest filing deadline approaches. If the setup is not co...
6621 Paseo San Lucas Available for Lease in Austin, Texas
6621 Paseo San Lucas Lane, Austin, TX 78744
1,512 SF | 3 Bed | 2 Bath
View this and more Austin, Texas homes for rent!
2605 Buckeye Trail Available for Lease in Cedar Park, Texas
2605 Buckeye Trail, Cedar Park, TX 78613
2,477 SF | 4 Bed | 2 Bath
Learn more about this home and more Austin rental homes available to lease!
Own a rental home in Cedar Park? Learn more about our Cedar Park property management services and how Stone Oak helps owners reach their goals with their real estate portfolio.
