With COVID-19 affecting the nation and Travis and Williamson Counties on Shelter-in-Place orders, Greater Austin residents have had a drastic change in their everyday life. One thing that comes with being cooped in your home is that, eventually, you’ll need more food. Trips to the grocery store don’t have the greatest appeal to them right now and HEB curbside is backed up for a few weeks. To spare our fellow Austin foodies, we threw together a list of 8 great restaurants in Austin offering delivery or curbside takeout during these unprecedented times.
Kerbey Lane Cafe An Austin staple. You have to try the Banana Walnut Pancakes, Kerbey Queso, and Glazed Brussels….maybe not all in the same meal. Kerbey Lane Cafe is offering delivery and take-out service at this time.
Franklin's BBQ Famous in Austin and typically sold out, Franklin’s has closed their dine-in area but are offering Austin residents a curbside takeout option. Craving some brisket or ribs? Franklin’s is the spot.
Chuy’s A tex-mex favorite in Austin, Chuy’s is offering ATX residents with the option to order food via delivery or take-out. If you aren’t getting the creamy jalapeno sauce with your chips and salsa you have been missing out.
Whether you have a portfolio or just one rental property, it’s important to minimize the time your property spends on the market. As the saying goes, “time is money”, and every day your property spends on the market is money lost on your investment. Every day, 110 people move to Austin which makes it a strong rental market with a large pool of potential tenants. The fact of the matter is that while Austin is great for landlords, it's also great for tenants as there is no shortage of available rental properties. How do you set your rental property apart from the others? Here are 4 tips that we apply to the rental properties that we manage in Austin:
Curb Appeal
It’s the little things that count and a first impression is always the most important. This is how they will tell their friends and family where they live…”It's the cute blue house with the white trim and wooden shutters.” Also, this will be the first photo that renters and showing agents see on the listing online. Easy ideas include:
Office Access Closed: In order to ensure the health of our team and the public, visitor access to the Stone Oak Management office is currently closed until further notice.
Our office is still fully operation in all aspects and you may reach us by email or phone. In order to reach us you must send an email or leave a voicemail or we will not know you are trying to reach us.
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We are only three months in and 2020 is shaping up to be quite the year. With the current COVID-19 pandemic in full swing the markets have taken a huge downturn in recent months and it’s beginning to affect everything from toilet paper sales, tourism, the real estate market and practically every industry across the globe.
Which leads us to the question - Which is a better investment in an economic downturn, a short-term rental property or a long-term rental home?
Short-Term Rental Properties in Austin, Texas
In light of COVID-19, several businesses have had to adapt or close overnight and companies like AirBNB or VRBO are not immune to the impact. In nearly every part of the world, AirBNB markets are drying up overnight. Owners have experienced a sharp cancellation of reservations and properties are beginning to sit for long periods of time with no end in sight. Well-renowned events such as South by Southwest (SXSW) here in Austin, which serve as pillars of the community, have been canceled and AirBNB owners faced the harsh realities of that decision. In January, Austin had 5,188 short-term rentals posted across all short-term rental sites. Now, just two months later, the sh...
In this short video, Andrew discusses the 'make-ready' process for your Austin, Texas rental property and how you can be prepared for new tenants or new owners at the time of move-in.
More questions about Austin real estate? Visit our FAQ to read common questions we receive from property owners in Austin, Texas!
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.
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...
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