Austin Property Management Blog

How The Eviction Process Works in Austin | Travis & Williamson County JP Courts

Grant Williams - Wednesday, January 20, 2021

One of the best investments someone can make is real estate, more specifically in rental properties. As an investment vehicle, rental properties allow individuals to generate cash flow while at the same time increase their equity in an asset that should appreciate over time. However, if landlords learned anything in 2020 it is that nothing is guaranteed

Once COVID-19 came rushing onto the global stage in March of 2020 most owners would start to feel the changes that were occurring in the rental market. Once the Travis County and CDC eviction moratoriums were announced landlords essentially lost the right to remove a non-paying tenant from their home with no end in sight. These moratoriums have extended since then all the way into 2021 and are set, at this time, to expire on January 31, 2021. With the changing of administrations in the White House, the new administration has released the details of their stimulus proposal, which includes direct payments to owners for rents. While this is a step in the right direction the proposal also includes an exten...

Austin, Texas Leasing Market Update | January 2021

Jason Huval - Friday, January 15, 2021

We are off to a running start for 2021. The 2020 year was full of surprises and pitfalls, but as a company we fared better than most. Our rent collections stayed consistent and we were able to continue to practice property preservation with a pandemic in full swing. Our staff at Stone Oak is dedicated to serving you and your Austin property management needs in 2021 with the same integrity and passion for excellence that you expect from us. 

On January 14, 2021, President-elect Biden announced his stimulus proposal. In this plan, he proposes some payments to landlords, forbearance options and more money directly to taxpayers that qualify. The proposal suggests the payments for rents included in the proposal are to be made directly to landlords. This would be a move in the right direction, however, he is also proposing to extend the eviction moratorium until September 2021. The issues are complex and create more challenges, however, we are doing our best to stay ahead of them and continue to remain effective in rent collections. Keep in mind, this is simply a proposal and will ...

Should I Get a Home Warranty for My Austin Rental Property?

Grant Williams - Monday, January 4, 2021

Having been in property management for over 10 years, Stone Oak Property Management has worked with our fair share of vendors in different industries. One industry our owners are always checking to make sure we work with are home warranty companies. As a leading Austin property management company, Stone Oak advises our current and potential clientele to leave the home warranty policy behind. While a home warranty policy can seem attractive on paper, typically they just add another layer of work on top of any issues with your rental property. 

Typically a Home Warranty is “gifted” to our property owners during the purchase of a rental property to enhance the perceived value of the property “deal“. Other times they are purchased by the home buyer/owner that may be afraid of an avalanche of maintenance costs. In both cases, the perception of value is far greater than what will typically ever be realized.  Not only will the value prove to be less than was hoped for, the aftermath of trying to utilize it can cost you in a number of untold ways.

In every case, the first action the Home Warranty company will do, when contacted by your proper...

Austin, Texas Leasing Market Update | November 2020

System - Tuesday, November 17, 2020

The markets in Austin & the Central Texas area are still going strong. We were not sure how COVID-19 would affect the housing market and more importantly the local economy, but we keep getting surprised.

The rental market has slowed as we enter the tail end of the year, but we believe it to be seasonal. We are still leasing homes every week and our economy is strong in Central Texas. In September, the Texas Workforce Commission (TWC) stated that our unemployment rate for Texas is 6.8 percent and 5.5 in the Austin-Round Rock MSA. “Texas is below the national seasonally adjusted rate of 8.4 percent" and the rate has been slowly dropping and is now the lowest since March 2020.

The market for homes for sale has not slowed down. The demand for housing in greater Austin is fueled greatly because we don't have the inventory to meet the demands of everyone trying to move to the area. Affordable houses are being sold well over asking prices after a bidding war and often without inspection periods. Our brokerage and sister company, Central Metro Realty,...

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Stone Oak Property Management
14050 Summit Drive #113B
Austin, TX 78728

Phone: 512.617.6766
New Accounts: 512.617.6766 ext.3
Toll Free: 888.892.7940
Fax: 512.994.2300

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