Appliance Policy Change
We are always looking to improve operational procedures to have positive effects on our clients and their bottom line. We are adapting our Maintenance and Repair Policies to save you even more on operating costs. We are working towards eliminating requests for cosmetic repairs and other repairs not deemed urgent or necessary for your residents to live comfortably in your investment property. One important item we want to remove from your maintenance responsibility are Non-Real Property items; i.e. Washers, Dryers and Refrigerators.
In Texas, washers, dryers and refrigerators are 'non-real property items' which makes them unwarrantable. This means you, as the landlord, are not obligated to provide, repair or replace them during the tenancy if written into the lease in this manner. Effective immediately, we will begin implementing this change and this will result in releasing you from the responsibility of continuing to maintain these appliances. This can be determined on a case-by-case basis. Of course, if you wish to continue maintaining these appliances, you are welcome to do so and can specify so when the time comes. As leases come up for renewal and if/when we re-lease your property, your Property Manager will reach out to you to confirm how you wish to proceed. As always, please feel free to contact your Property Manager for more information.
CDC Extends the Eviction Moratorium
As it affects the industry as a whole, we feel it’s important to keep you in the loop about the CDC’s eviction bans. As of August 3rd, the CDC extended the ban. The extension has been met immediately by legal challengers backed by the National Association of Realtors.
As it stands the new ban extended the moratorium another 2 months and is set to expire on October 3rd. It’s important to note that Austin City Council has also voted to extend the local eviction moratorium to October 15th.
CDC Eviction Moratorium Lawsuit via the National Apartment Association
While on the topic of the CDC's eviction moratorium, we wanted to make our clients who own apartments aware of a lawsuit by the National Apartment Association. The NAA filed suit against the CDC in July states 'The U.S. Centers for Disease Control and Prevention’s (CDC) protracted moratorium is financially damaging rental housing owners and violating rights guaranteed by the U.S. Constitution.'
The lawsuit is designed to help rental property owners attempt to recover losses attributed to the CDC order. For more information regarding this case and to join the lawsuit you can learn more on the National Apartment Association's website.
Thank you for being a client of Stone Oak Property Management. Please don't hesitate to contact our team or your property manager directly with any questions or if you need assistance with anything.
