Austin Property Management Blog

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...

Austin Market Update August 2020: Rents, Jobs & COVID-19

System - Monday, August 17, 2020

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 and other similar suburbs all over town that are experiencing the same thing. 

Stone Oak Property Management is still being very careful as a company and most of our staff continue to work remotely. However, our production and level of service have not faltered, in fact, many of the staff seem happier and more productive. This is great news for everyone as we want everyone to enjoy the work they do. We have expanded our staff by adding a couple...

Central Texas Leasing Update | July 2020

System - Monday, July 13, 2020

Central Texas Leasing Market Update

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 are helping to keep many people employed. The University of Texas at Austin (UT) has released its plans for reopening for classes this Fall. They will be moving to 40% capacity in classrooms and offer 3 models of classes: Online, Hybrid, and In-Person. Due to this plan, we feel campus housing and the surrounding economies it affects should remain reasonably strong as students will be returning to campus ...

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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
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