1903 Alegria Road Unit B, Austin, TX 78757
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Austin Property Management Blog
Austin Home for Rent: 1903 Alegria Road Unit B
System - Wednesday, March 4, 2020
What to Expect When Searching for a New Rental Home in Austin, Texas
Grant Williams - Monday, February 24, 2020
It’s getting close to that time of year again – leasing season. While you may be staying put and extending your current lease, you may also be moving locations as an upgrade or to just get some different scenery. The best time to start searching is sooner rather than later, as great rentals in the Austin area go quickly!
When you find “the one”, you need to be able to apply quickly and efficiently. The costs associated with finding, applying and moving into a new place can add up. Whether you’re leasing from an Austin property management company or an apartment complex, there are a lot of documents and information that you will need when going through the application process.
A well-educated renter will be better prepared to act quickly and find the perfect place! The following is what you can expect with the application process for rental homes in Austin, Texas.
3 Numbers to Know Before Purchasing an Austin Rental Property
System - Tuesday, January 21, 2020
Have you ever wanted or considered investing in Austin’s real estate market? With a booming population and the crazy growth Austin has been experiencing over the last decade it has become a hot destination for real estate investors to park their cash. 51.3% of Austin, Texas residents rent their homes meaning the majority of the population is filling rental properties owned by investors across the nation and even the world. This has made Austin’s rental property investment market a competitive one where investors are competing for great deals on property. Now more than ever you need to make sure the deal makes financial sense and below we go over 3 numbers that need to be evaluated before you buy a rental property in Austin, Texas.
Capitalization Rate
Capitalization Rate, or cap rate, is the rate of return that should be expected on your investment. The cap rate can be used to quickly compare to deals you may be looking at and can be calculated by subtracting annual expenses from the annual rent and dividing that number by the total cost of the property. You’d then multiply that number by 100 to receive a percentage. If you calculated the cap rate and found out your investment’s cap rate is about 20% you should expect to have your initial inv...
1601 E 5th Street #213 for rent in Downtown Austin, Texas
System - Thursday, January 16, 2020
1601 E 5th Street #213, Austin, TX 78602
1,225 SF | 2 Bed | 1.5 Bath
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171 Salt Fork Drive for rent in Liberty Hill, Texas
System - Tuesday, January 14, 2020
171 Salt Fork Drive for lease in Liberty Hill, Texas.
Check out this and other homes for rent in the Austin area!
1122 Sussex Place for rent in Round Rock, Texas
System - Thursday, December 19, 2019
Should You Raise the Rent on Your Austin Rental Property Every Year?
System - Tuesday, December 10, 2019
Raising the rent on your Austin, Texas rental home can be a delicate art. If your rents rise too much you could force tenants out and could have trouble finding new occupants on the open market. If you don’t raise it enough you could be stuck with a property that doesn’t turn a profit for the duration of the lease. So how do know how much your rent should increase every year?
Rent increases are a part of life for both landlords and renters in Austin, TX. When expenses that owners have no control over raise so does the amount of rent they are charging. These types of unavoidable expenses include:
A rise in property taxes for your property
A rise in HOA fees in your neighborhood
Cost of utilities in your area rising
Austin property management fees
Costs for landlord insurance
If you aren’t raising the rents when your expenses go up you’re effectively giving yourself a pay cut. However, if the thought of raising the rent or asking for more money from your tenants makes you cautious your best bet is to run the numbers! You can receive a free rental market analysis for your Austin, TX rental property to learn how much your property should be re...
2427 McCook Drive Available for Lease in Georgetown, Texas!
Grant Williams - Monday, December 9, 2019
2427 McCook Drive available for lease from our Austin property management company!
You can learn more about this home and apply today by visiting our Austin homes for rent!
Do I Need a Cosigner to Rent a Home in Austin, Texas?
System - Tuesday, December 3, 2019
Do I need a cosigner to rent a home in Austin, Texas?
We've heard it here plenty of times from the tenants who inquire about our rental properties. So how do you determine if you will need a cosigner for your residential lease or not? There are several factors that can force an individual to obtain a cosigner to back their lease. Typically tenants are required to have a cosigner when they do not meet the landlord's requirements for the home by themselves. Some common reasons to have a cosigner are:
No Credit History / Poor Credit History
Tenants who have failed to establish a credit score or individuals who might have a poor credit score that doesn't meet the property's criteria can be required to have a cosigner if they wish to live in that property.
Income
Living in Austin, Texas is expensive depending on where you choose to live. A popular destination for renters is Downtown Austin or just South of the river. Sometimes the desire to live somewhere can outweigh the means to do so and tenants who might not produce enough income to live where they'd like can be required to have a cosigner back the term of their lease.
Below is a video from our Austin property managers explaining the above!
1010 Taulbee Lane, Austin, TX 78757
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