Austin Property Management Blog

Real Estate Market Update

As we mentioned over the last few updates there is clearly a slow change taking place. The market is clearly shifting with an abundance of available rentals in the multi-family and single-family markets.  The last two months or so have been the most significant in terms of the number of available properties, days on the market, and pricing changes.  The overall experience on our part is that rental prices have leveled off, and there is a lot of competition for tenants that is driving it.  

We are working on publishing a full report using the most recent data and will be sending out an email update on the leasing market very soon. In the meantime, we want to share some articles that provide some data that shows these trends.

The first article was published in June by Reventure Consulting using Zillow data and reflects what we are experiencing.

The

6312 Wagon Spring Street, Del Valle, Texas 78617

2,038 SF | 4 Bed | 2.5 Bath

Contact our property managers today for more information about this Del Valle, Texas rental property. 

Own a similar property? Learn more about our Austin property management services and Stone Oak's services. 

Holiday Closure

We will be closed on Labor Day, Monday, September 4th, 2023

Things to Do on Labor Day Weekend in Austin

Everyone loves a three-day weekend! 

There are tons of activities to participate in and around the Austin area this Labor Day Weekend. With the extreme heat we are all experiencing, water activities rank high on the list. Whether you want to go tubing, take a dip in the pool, go for a relaxing boat ride, or play a round of golf, there is sure to be something for everyone to enjoy this Labor Day weekend.  Click here for Visit Austin’s 2023 Labor Day Weekend Activity Guide. 

Relentless Heat Waves Hitting Austin, Texas

We’re all likely ready for fall to start any day now.  The 100+ degree days seem endless and any reprieve would be celebrated.  We do still have some summer left and until we can get some rain there are some issues that we’d like to hig...

Austin, Texas is a hotbed for real estate investing, and over the last couple of years, it has really taken off as a destination for investors to park their cash. Stone Oak regularly hears from individuals who are curious about getting started with real estate investing in Austin, Texas. Most people typically have the same questions coming into the Austin, Market so we took the time to throw together a checklist for buying a rental property in Austin, Texas. 

Below you’ll find a thorough guide for getting started investing in Austin, Texas rental properties:

Location of the property

Close to Shopping, Night Life, and the Social Happenings of Austin, Texas

There’s no doubt that Austin, Texas has grown into one of the fastest-growing cities in America and seems to just keep growing year after year. With this growth comes renters and tenants seeking to take advantage of the social scene and nightlife that Austin provides. 

Close to Employers in Austin, Texas

Part of Austin’s blistering growth in the last few years is the number of employers relocating to the area as well as inv...

3551 Pine Needle Circle, Round Rock, TX 78681

2,234 SF | 3 Bed | 2.5 Bath

View this and more available Austin, Texas rental homes!

Real Estate Market Update

The real estate market seems to be cooling off according to a recent article that is based on recent board data.  As we’ve mentioned previously there is more rental property inventory coming online which is increasing competition for prospective tenants and driving down rents.  This trend is continuing and means you must be priced competitively to lease a property, and raising rents when renewing may end up causing a vacancy if it is too aggressive or drives the rent above the market rates.  At least one blogger who specializes in real estate has posted an article recently supporting the assertion that being competitive in the leasing market is more important now than it has been for a long time.

Heat and Wildfires

If you’re here in Te...

Summer Heat and Air Conditioners

The extreme, record-breaking summer temps have been on a long streak.  We discussed these items in the last post, so if you missed that or want a refresher you can see that here.

Watering the Trees at Your Rental Property

The recent record-breaking heat in Texas is rapidly depriving trees of much-needed water to sustain life and prevent disease, so it is critical that you make sure yours are being watered.  Established trees do not need daily watering but will still benefit from weekly watering if the rains continue to hold off. A small windbreak tree, one planted a year or two ago, still needs about 2 or 3 gallons of water a week. A 2-inch diameter tree (measured at 6 inches above the ground) should receive about 20 gallons of water a week during drought periods. The best means of applying this water for landscape trees is slowly with a soaker hose placed near the tree. While tree roots typically extend out as far ...

Real Estate Market Update

While the real estate sales market continues to adjust to the interest rate changes earlier this year we still see a healthy demand for rentals in our market that continues to have a housing shortage. The population of many Texas cities continues to grow with employers moving or expanding in Central Texas, and as of 2022 the US Census Bureau stated that “Georgetown, Texas, remained the fastest-growing city by percent change in 2022.”

As mentioned in our previous update many apartment developments are coming online, but there is a certain portion of the population that prefers detached housing and are willing to pay a premium for it over stacked apartment housing.  An article in April from Money magazine states that Austin saw the highest drop in rent pricing since 2020, which in our experience is certainly tied to apartments rather than detached dwellings.  That will likely ...