Austin Property Management Blog

Austin, Texas Leasing Market Update | November 2020

System - Tuesday, November 17, 2020

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 rate has been slowly dropping and is now the lowest since March 2020.

The market for homes for sale has not slowed down. The demand for housing in greater Austin is fueled greatly because we don't have the inventory to meet the demands of everyone trying to move to the area. Affordable houses are being sold well over asking prices after a bidding war and often without inspection periods. Our brokerage and sister company, Central Metro Realty,...

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. 

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

Phone: 512.617.6766
New Accounts: 512.617.6766 ext.3
Toll Free: 888.892.7940
Fax: 512.994.2300

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