4 Reasons You Need a Professional Property Manager

Struggling with self-management and thinking about hiring a property manager? Put your real estate investments on auto pilot and let a professional property manager do the work! Here are a few reasons why you should be using a property manager.

Qualifying Your Tenants

As a self-managing landlord, you may be without or lack the resources to thoroughly screen prospective tenants. Are their references for previous landlords real? Do they make the minimum requirement of 3x their monthly rent? These and much more are all questions that are valid determiners of whether or not a tenant is suited to live in your property. When you self-manage these are all things you must validate before you can accept a tenant to your property and gathering all of this information can be a hassle and very time consuming. Trust a professional property manager to do all of this work for you and find only quality tenants for your property!

Collections

Most if not all smart landlords have a policy about grace periods for paying rent after the initial due date. This is good as sometimes life can take unexpected turns for tenants and coming up with rent can be a struggle. As a self-managing landlord, since you are hands on with your tenants, things can get personal quick if you have a tenant who isn’t paying but you have a good relationship with. With a professional property m...

Is using a professional property management company the right choice for you and your rental property?

 Austin landlords and investment property owners may be overlooking a way to increase their profitability and bottom line by not allowing pets in their rental properties. 

Austin Property Management and How to Find Profitable Properties

The Austin rental market is booming right now! The demand for rentals is at an all-time high, the rents in the greater Austin area are way up, and the time to invest is now after Austin was named #1 place to live! If you can find an Austin rental property to invest in, you could be the owner of an investment that should have consistent income for years to come. However, choosing the right investment property can be tricky and if chosen poorly you could potentially lose money instead of earning!

The first course of action is to consider the type of property you would prefer to invest in. Single-family homes, condos and multi-family properties are all worthwhile investments. Before you start working with a broker, first decide what kind of property you’re willing to take on and what you can afford.

Consider who your ideal tenants are. Targeting areas of higher income such can lead to great, high-quality tenants though your initial investment will be greater. Also, consider whether you would be taking care of your rental property yourself or if you would need the services of an Austin property management company for your rental. Consider why you are investing in real estate and what you hope this investment will do for you. There are many books and o...

As a property management company in Austin, Stone Oak Property Management isn’t the only player in the game!

However, Stone Oak Property Management was built to fill the void for clients whom were disappointed with their current property manager. The founders of Stone Oak are all landlords themselves so they set out to build a company they themselves would be comfortable hiring as their property manager!

When searching for new property manager you should have a bundle of questions you come prepared to ask before deciding on the right company for your properties. Here at Stone Oak Property Management we talk to landlords and investors from all over the nation about their properties in Austin and San Antonio. Here are 10 frequently asked questions we hear from landlords!

Does the property management company have a dedicated, licensed property management personnel and how many staff will be looking after my property?

With Stone Oak, your properties receive unparalleled management from a team of certified property managers. From the maintenance crew to the founding manager your property receives the full attention to detail it deserves. When we take on new rental properties, we treat them as if they were our own. Stone Oak provides the greatest support team in the Austin market and you’ll always have direct line of communication with everyone in the company. You can rest assured your properties are in the hands of...

While Stone Oak does staff a team of Brokers and real estate agents, our main priority is focusing on the landlords whom employ us and their properties!

Often we get those looking to purchase new homes and properties and while we do help these clients, we often refer them to our trusted real estate partners over at Central Metro Realty!

Central Metro Realty is an Austin based, locally-owned real estate Brokerage. While Stone Oak was built for landlords by landlords, Central Metro was built by agents for agents! With Central Metro you know you’re working with an agent who is Austin local with years of experience in the local market!

Central Metro is a diverse Brokerage with many nationalities represented throughout the firm. With Austin being such a diverse city experiencing an influx of people every single day, having Realtors from every corner of the world helps those transitioning to a new area such as Austin. If you’re an individual moving to Austin internationally, check out their roster of agents to connect with an agent of either a certain nationality or language!

Whether you’re looking to buy or sell a home, the family of Realtors at Central Metro will make the process as easy as po...

If you’re a landlord or landlady, you understand the life of your business – rental income! 

If a structure isn’t set in place and rent isn’t collected in full and on time every month your business will take a hit. When everything is running according to plan this is when your return on investment is great, as you already may know!

Setting Your Rental Rate

Knowledge of the local market and the ability to assess data on the MLS provides Stone Oak Property Management with a great understanding of what your income property should be earning every month. We provide a rental analysis free of charge to any property owner interested in learning what their property can bring them in residual income every month! While most investors like to see their rent usually equate to 1% of their property’s value this doesn’t always serve as the main factor in determining your properties rental rate. The only true way to determine what your rental property should be earning every month is doing price comparisons with other properties in the given area and adjust as needed to what the market offers. However, you can rest assured that any great property management company, like Stone Oak, will have you earning the highest rent your property allows! To receive your free rent analysis, you can contact a local market expert at

Investor or Investment Group with Rental Properties in Austin, Texas? Discover Stone Oak Property Management!  

It’s no secret that the real estate market in Austin has been growing rapidly year after year. The greater Austin region has seen unrivaled growth, with Georgetown considered the fastest growing city in the nation with a population greater than 50,000 residents. According to Austin Relocation Guide, the greater Austin region experiences 157 net arrivals a day! This means people are looking for a place to live and they are looking all the time.

Maybe you’re a savvy real estate investor or a part of a larger investment firm wanting to invest in the greater Austin real estate market. Regardless of who you are, you’re going to need someone to look after your rental property and manage your investment day to day. Everyone likes a safe investment and everyone likes to keep their investment safe! The majority of Stone Oak’s employers (clients) are those who don’t have feet on the ground, but instead have chosen to invest their money here! All based on one thing – they trust us and the service we provide! Stone Oak Property Management, with our attentiveness and hand-on approach to all we do, provides out-of-state investors with the ease of mind that their investment property is left in...

Do Tenants Prefer to Rent Through a Property Manager?

Just as most landlords will have horror stories of tenants throughout the years, the same applies to tenants in dealing with landlords. Thankfully, a great property manager should have both parties feeling satisfied! We’ve talked to plenty of tenants who prefer renting through a property manager opposed to a landlord for numerous reasons! We’ve all had that one landlord who was to nosy and too much involved in what should be the tenant’s privacy. If you've experienced this than you can understand how this can make a tenant feel a bit off about the place and less likely to renew their lease. At Stone Oak Property Management, we take tenant’s rights and privacy very seriously and someone renting a home from us will find themselves feeling at ease having a property manager who is there when they need them, and not there when they don’t.

While we take what is basically a personal interest in our client’s properties, we do our best to make the tenant feel as though it is their home. We understand and are up to date on the laws that involve rental properties and their tenants. While we always act in the interest of the landlord, we take pride in fostering an atmosphere that makes tenants happy to be where they are. Stone Oak is there 24/7 for ten...