Austin Property Management Blog

What Does an Austin Property Management Company Do?

Grant Williams - Monday, November 2, 2020

Whether you own a portfolio of rental properties, a single unit or you’re thinking about investing in rental properties you may have looked into the operational side of things and have been considering hiring an Austin property management company to handle your property(s). 

If you own properties already you may have considered a property manager in the past or may have even worked with one, but if you’re new to investing in Austin real estate you still may be weighing the benefits of hiring a property manager to manage your property. After all, a rental property is an investment vehicle and everyone, regardless of industry, should be looking to make their investments do more for them. 

It’s popular for new real estate investors wanting to acquire a rental property in the Austin area to think that real estate is this passive, headache-free investment that will net them serious profit for years to come. Some feel that once you place tenant things get easier from there and you collect your passive rental income. If only that were true..

The truth is, once a property has a tenant things become more hands-on for rental property owners. Prior to having tenants living ...

Stone Oak Owner Update | October 2020

System - Friday, October 23, 2020

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’ve seen before.  The current rate is about 5% of tenants, that number has grown from less than 1% previously.  

Politics aside, hopefully after the election we’ll see some action on taking the burden off of landlords that was created by the CDC order protecting tenants but doing nothing for landlords.

We also want to give you a quick update about tax protests. Our contact with the firm we use recently notified us that due to the pandemic the ...

Questions to Ask Before Hiring an Austin Property Manager

System - Wednesday, October 7, 2020

Hiring an Austin property management company to manage your rental property(s) is not a decision to take lightly. After all, it’s their primary job to take care of your property and make sure it remains a quality investment vehicle for you. Hiring a property manager is like hiring a direct extension of yourself and you’ll want to make sure that you can trust your team going forward. 

There are a lot of factors to go over with potential property managers and going through the vetting process. These are some of the questions we regularly hear from potential clients that have importance to them when deciding to work with Stone Oak Property Management. 

How long has your company been managing properties in the Austin area?

This will give you an idea of how well a company is established in the Austin market and their overall experience working in it. 

Connections and relationships are hard to make and replace and there is an army of contractors & vendors out there ready to take advantage of unsuspecting landlords. Hiring a property management company with experience in the Austin, Texas rental market can help you align with companies with trusted vendors and contractors to handle any issues with your property. If your Austin property manager is just getting started they may not have the connections or processes in p...

Stone Oak Property Management Interview with KVUE Regarding Evictions in Travis County

Grant Williams - Friday, October 2, 2020

Our Founder, Jason Huval, spoke with Austin's KVUE this morning to discuss the eviction memorandums put into place by the CDC and Travis County and how those orders are affecting property owners in the Austin, Texas area. 

Read the entire article on KVUE's website

_______________

Travis County Judge's Order - http://bit.ly/Travis-County-Judges-Order-Eviction

Travis County Justice of the Peace Order - http://bit.ly/Justice-of-the-Peace-Eviction-Order

Mayor of the City of Austin Order - http://bit.ly/Mayor-Of-Austin-Eviction-Order

Do you have questions about your rental property? Contact our Austin Property Managers today to discuss your situation. 

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 ...

How Much Should You Charge in Rent for Your Austin, Texas Rental Property?

Grant Williams - Wednesday, September 16, 2020

how to set the price on your Austin, Texas rental home

When owning a rental property in Austin, Texas, or considering purchasing one, there is one factor that outweighs them all - how much can I charge for rent?

It’s the factor that will drive your reasoning for purchasing the property in the first place. You could have overpaid to acquire your rental home and received a bad deal, but if you can make more in rent than you pay towards your note every month then you are cash flowing!

The key to success - and way less vacancy on your Austin rental home - is pricing the property to be competitive in the market. Austin has no shortage of renters and individuals moving to the city every day. In turn, we live in one of the most competitive markets for landlords to own a rental property.

If you price your property’s rental rate too high you could risk sitting on the market as more accurately priced properties lease in a matter of days - sometimes hours! Let’s say your South Austin rental property can earn $1,700/month. Instead, you decide to have your property listed at $1,800/month and it sits for a month before it garners any real interest from...

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

Phone: 512.617.6766
New Accounts: 737.378.8570
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Fax: 512.994.2300

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