11328 Autumn Ash Drive, Manchaca, TX 78652
Austin Property Management Blog
Manchaca Home For Rent: 11328 Autumn Ash Drive
Mistakes Made by DIY Austin Landlords
Working as a property manager, it’s easy to think the job won’t be that hard and that most of what you’ll be doing is collecting rent payments. Then you come to find out that property management is much harder than first anticipated. Part of any venture in life is learning from your mistakes and as a property owner in Austin, Texas, this includes you. Here we’ll go over some of the mistakes to avoid if you choose to self-manage your Austin rental home.
Charging too much or too little
If you’ve chosen to work with an agent to help lease your property this shouldn’t affect you too much. However, let’s imagine you’re choosing to find a tenant for your property on your own. You post ads for your property to the usual sites such as Craigslist or Facebook, but is this helping? You might find a tenant, but do you know how much to charge them? Realtors have access the MLS which houses a lot of real estate data, some which is important in this situation. Working with a property manager would have allowed you to run comps in your area to accurately pinpoint the amount you could charge for your Austin rental home. Self-managing owners do not have this luxury and instead price their property on their...
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How Austin Property Management Can Save You Money $$$
If you own a rental property in Austin, Texas you’re probably aware of how expensive property maintenance can be and this is usually a cost landlords tend to ignore. Why do you need to replace that siding that still looks okay? Or why replace that roof that is only missing a few shingles? The truth of the matter is that there are quite a few features about your rental property that require regular upkeep and Stone Oak Management, as your property management company in Austin, TX, can help in many ways! We work with a network of specialized vendors throughout the greater Austin, Texas region and have access to reduced rates from these vendors due to our bulk of work. We pass these savings onto you, the rental property owner! In addition to savings on maintenance and repairs, we help you comply with property code and help avoid lawsuits for any unwanted property mishaps. Maintenance will always be required for a property and no matter how careful your tenant might be it can get expensive fast if not property addressed in time.
Maintenance costs are no fun – we agree! However, spending money on preventative maintenance can save you thousands of dollars down th...
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Landlord Burns Down Leander Rental
As a landlord, you may deal with problem tenants once or twice in your property's lifetime. If the way you screen tenants is poor it could happen more often than that. However, these problems all have a solution, even if that means performing an eviction to reclaim your property.
In an ever-connected world like ours where a camera is always recording or someone with a cellphone only several feet away, setting fire to your own Leander rental property isn't the best idea. Well, that's exactly what this landlord in Leander, Texas did. Fed up with his tenants and their inability to pay he set fire to his rental home with tiki torches while the tenants were inside. Below is the video provided From Austin's KXAN news network.
How To (Accurately) Price Your Austin Rental Home
Let’s imagine you just closed on your first investment property. You’re feeling great about acquiring assets and building your real estate portfolio. Your plan is to get your property ready for use and place a tenant as quickly as possible. Wait.. do you even know how much your property is going to rent for?
You might have worked with a Realtor when purchasing this home, and since you knew it would be an investment you could have had them run the comps for letting you know what you might get from your investment every month before you even purchased the property.
What if you didn’t though? Just look around online and see what you find and slap a price on it? Not so fast! Everyone has an idea what they want out of their rental property every single month, but is it justified? Price your rental to low and then you’re stuck receiving less than market rate on your investment. Price yourself to high and you’re property could sit there vacant with you floating the payment every month. There’s a process to accurately pricing your rental so that you receive the most money possible every month it’s occupied.
Be wary of using the large real estate websites such as Zillo...