Austin Property Management Blog

Investment Property Management

System - Wednesday, October 10, 2018

As an investor in real estate, single-family homes might make up a good portion of your portfolio. If you’re investing in rental properties in your local market you might be self-managing these properties and acting as the property manager. If you’re someone who spreads their investments across multiple locations self-managing can become difficult. This is where a quality property manager can be worth their weight in gold for both you, and your tenants.

Having a full-service team on the ground can help prolong the life of your properties. A quality property management team will guide and advise you on preventative maintenance that can help address any issues before they become emergencies for your tenants. If your property manager provides single-point of contact you’ll always have a person to contact who you can discuss your property with. A property manager will also provide you and your tenants with the proper tools to tracks expenses, etc. Your tenants will be able to pay rent online and every single month your money will be deposited into your account with no hassles. Our property management services are designed make your life simple while enjoying passive rental income.

Do you own investment properties in Austin or are thinking about buying rentals in the area? Learn more about Stone Oak’s Austin property management services and how they can provide you with a stress-free management expe...

Factors to Consider When Screening Tenants

System - Wednesday, September 19, 2018

The number one choice that you as a landlord will make for your rental property is who you decide to let rent your place and become your tenant. No other decision you make for your property will affect it’s outcome as much as who you decide to rent to. Placing the right tenant in your property will help turn your property into a residual income machine, but placing the wrong tenants can tie your property up and cost your thousands of dollars. Avoiding scenarios such as unpaid rent, eviction fees, turn-over costs, and expensive property repairs should be key points for you when deciding on tenants, and can persuade you to hire a property manager.

When it comes to leasing your property and screening tenants some factors outweigh others. Below are important factors that should be considered first when screening potential tenants.

Rental History

People usually consider income or credit to be a more important factor in screening your tenants, but don’t discount a tenant and their rental past. A strong rental history shows that a tenant can be trusted by rental owners and shows that they can build a good rapport with paying rent on time. They might have the income your looking for and a credit score that meets your criteria, but if their rental ...

Why Renters Insurance is Important for Your Austin Rental Property

System - Tuesday, September 11, 2018

Off the top of your head, can you think of a homeowner you know who doesn’t have homeowner’s insurance? More than likely you can’t. If they have a mortgage then the lender who provided the funding would have required them to have it. If anything were to happen to the home the lender’s money would go down with it. It makes sense as it gives everyone involved protection as well as peace of mind.

While homeowners insurance is important to have on your Austin home, renters insurance is just as important if your home is occupied by tenants. Not only does it protect your renters and their possessions in the event of an emergency, but it also protects you – the landlord.

Damages to your tenant’s personal belongings is not covered under your homeowner’s insurance and will leave your tenants liable for replacing everything out of their own pocket. Renters insurance would cover all of this for your tenant and even replace your tenant’s belongings even when a burglary happens in a place other than the home. When you don’t require your tenants to purchase a renters insurance policy this can lead to trouble. If damages to their property h...

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14050 Summit Drive #113B
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