Search available rental homes across Greater Austin!
Austin Property Management Blog
With the arrival of 2019 comes a new calendar year for your Austin rental property. Maybe you currently have a great tenant with a long lease and everything is running smoothly! Unfortunately, while Austin is a great rental market, a lot of your rental home’s success can be determined by those you hire to manage your property.
Looking back on 2018 and how your rental property performed for the year you might be satisfied. However, if your property of portfolio’s performance could be better it might be a good time to consider partnering with a better Austin property manager. Maybe you realized that discount, flat-fee managers are just that – discount – and they don’t provide the full, turn-key service you are looking for when it comes to your rental home.
For 2019, consider trusting your rental portfolio with Stone Oak Management and our highly experienced team of Austin property managers. We do more than just collect your rent and make sure there are no fires. With Stone Oak, you’ll enjoy the benefits of a premium Austin property management company for less.
Why Owners trust Stone Oak with their Austin rental homes:
- Stone Oak is completely transparent about our pricing, and while we offer a complete turn-key management solution, you won’t be paying out the 10% other managers like to charge for their ‘premium’ service. Stone Oak charges a fee equal to 7% of the monthly rent on your unit. You’re getting everything for that 7% with no up-charges.
- Month-to-Month contracts are the only thing we offer! Other Austin property managers are going to try and lock you down to a year of service and make you pay to cancel. With Stone Oak Management, all of our owners have the right to cancel their service at anytime they wish.
- Stone Oak only earns money when you do and will never charge you when your property is vacant. You’ll never pay us a dime to manage your property unless the unit has a tenant and is earning rental income.
- With over 20k website visits annually from perspective tenants and the software and integrations to make your property show up on thousands of rental sites - we provide your Austin rental with the exposure it needs to lease quickly and earn monthly income for you.
- Over the course of 2018, the average time it took for ‘for lease’ listings on the Austin MLS to rent took 40 days. Over that same span, Stone Oak leased its properties, on average, 8 days faster. This means Stone Oak leases your home 20% faster!
- Our Austin property management services are backed by our guarantees. These include a ‘pay for results guarantee’, an ‘eviction protection guarantee’, an ‘easy cancellation guarantee’ as well as a ‘6-month tenant guarantee’.
This only scratches the surface on why our clients enjoy working with us. Established in 2010, Stone Oak Management has never lost a client to a competitor and we don’t plan on starting with you. To learn more about what we can do for you and your Austin rental home in 2019 you can contact us on the web or give us a call at 512.617.6766.
18637 Falcon Pointe Blvd, Plfugerville, TX 78660
17200 Lathrop Avenue, Pflugerville, TX 78660
108 Brazos Lane, Kyle, TX 78640
As the owner of rental property in Austin, Texas, you might be looking to hire a property management company to help you handle the day-to-day management. Each time we speak to owners who need property management services they always have specific questions regarding their property and what to expect from a property manager regarding leasing, management, procedures, and everything else that concerns your property.
Below we’ve compiled a list of the most common asked questions about Austin property management and what to expect with the service!
How is the advertising and marketing of my property handled?
Our firm’s goal, like any others, is to expose your property to the largest qualified tenant pool. We take advantage of the local MLS and syndicate your listing to all of the major and minor real estate websites such as Zillow, Trulia, & much more! Each property is captured with professional photography and videos are made to showcase your property. We go beyond just the normal way to do it and utilize data to directly target tenants who fit your property!
How long does it take to lease my property?
Each firm might have a different answer to this question. With Stone Oak Management, our average vacancy lasts for about 22-28 days. In the summer months are times are much quicker as that’s when the majority of people move, however, our owners enjoy quick times even during the ‘slow season’.
How is the tenant screening process handled?
Tenant screening is handled thoroughly with Stone Oak Management. Our process includes credit, employment, criminal, and reference checks to ensure the most qualified tenant ends up in your property. Place qualified tenants with clean backgrounds is a priority of ours as it makes our lives easier throughout the duration of management.
Can I deny pets in my Austin rental property?
While pet owners are not a protected class, Austin is such a pet-friendly city that not allowing pets can hurt you in the long run. Plus, allowing pets in your property can bring in extra cash when factoring in pet rent and deposit. Alas, if you’d like to deny pets that is your decision and we will honor it!
How much will my property rent for?
The market is what determines the rental rate for your property. We’d be happy to do a free rental analysis for you and accurately determine what your property will rent for. Give us a call at 512.617.6766 and speak to a market expert!
Who collects the rent and handles the deposits for my property?
We will handle all of the finances for your property from collecting rent to storing the deposit in the appropriate escrow accounts. Each month we’ll collect the finances and you’ll see them direct deposited into your account with no hassles!
What happens when the tenant is late or doesn’t pay rent?
If you’re tenant is late on their rent then late fees will be assessed appropriately. The instant they go past the allotted time for paying rent we will automatically serve them a 3 day notice stating to pay or to vacate the property. While Stone Oak hasn’t had to perform and eviction since 2016 we are well versed in handling them and can have your property reclaimed in no time and looking for a new tenant if needed.
How long is the contract between me and the property management company?
The industry standard is to lock you down to a contract with a year or longer duration. With Stone Oak Management, our agreements with every single owner we manage for is month-to-month. We give our owners the ability to cancel at anytime and set out to earn their business every single month.
How much do Austin property management services cost?
Typically, an Austin property management company will charge you a % of the monthly rent to handle the management of your properties. Some do a flat fee every single month. When you are asking this to multiple companies be sure to inquire about any fees as some flat fee managers will charge for little things. A company who doesn’t charge enough will not be able to offer you a high level of service.
Will I know what is going on with my property?
Communication with your property manager should be easy and accessible. Our team at Stone Oak will build a rapport with your new tenants for each property and be a direct extension of you for them. Should anything come up with your property you’ll always be quickly notified. In the event the ship is sailing smoothly you’ll just be collecting money every single month with no hassles.
How will I pay my management fees?
After your property manager has collected your rent for the month they will deduct their portion from the rent and then direct deposit the rest into your account. You’ll have online access to our owner portal so you can always track the finances of your property.
If there is an emergency will my tenants always be able to contact you?
Yes! We offer a 24 hour hotline to tenants so they can always get in contact with us no matter the situation.
Do you require owners to have a reserve on file for your company?
Yes, we require our owners to hold $300 in a reserve account with Stone Oak. Any repair or maintenance on your property that is under the $300 will automatically be done without consulting you. If the costs exceed the $300 we will consult with you before moving forward with anything.
Will you coordinate with a Home Warranty company?
Yes, you will need to provide us with all the information regarding your home warranty.
Am I required to accept Section 8 tenants?
Is there a minimum amount that I’m required to pay for your services?
Yes. We charge a minimum of $75 to manage your property. This will apply to properties that rent for less than $,1080.00.
Hopefully this addresses some of the questions you have when deciding to hire an Austin property manager. Please don’t hesitate to contact our team if we can answer any other questions for you.
9525 N Capital of Texas Hwy #113, Austin, TX 78759