Stone Oak Owner Update | October 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 ...