Teaming up with just any Austin property manager in 2017 will lead you to various degrees of success with your rental property. Is your property vacant or occupied? Are you receiving the highest rental rate possible? How’s coordination and communication with your property manager and tenants? Are you satisfied with your Austin property manager’s performance and urgency with your property?
Not all Austin, TX property management companies are the same. Yo
Rental property management is something some owners elect to do themselves as they might have the time to deal with the various day-to-day requirements that come with managing properties. If you find yourself doing so you probably understand that things can get hectic and your schedule can be loaded in a hurry. Your rental homes aren’t static objects. When occupied by tenants they become these living things that require constant care and attention.
Let’s first cover what you should expect from hiring a property management company like Stone Oak Property Management. As your professional landlord, Stone Oak’s goal is to leave you stress free while providing quality management of your investments. From the start, Stone Oak provides all of the marketing and prospecting for tenants in the event your property is vacant. Our Austin property management team provides quality screen and vetting of tenants for your property, ensuring you with quality, rent paying tenants backed by a guarantee!
Once tenants are placed and the house is occupied, Stone Oak Property Management has all bases covered. We deal with everything from A to Z. From collecting rent to handling emergency and maintenance requests, Stone Oak provides a suite of property management...
With the recent report naming Austin the #1 place to live in the country it doesn’t seem to be on track to slow down either! Year after year, rental properties in Austin has proven to be a solid financial investment. As of February of this year, the average rent for an apartment within the city of Austin totaled at $1,419 with one bedrooms pulling in an average of $1,245 and two bedroom apartments averaging $1,562. However, over the last 6 months to date the average apartment rent in Austin has decreased by 2.1%. The graph shown below gives you an idea of the steady increase of rent from January 2011 to February 2017.
So what locations in Austin pull the in the highest average rent? By neighborhood, the top five locations with the highest paid rent are Downtown, South River City, Bouldin, East Ceaser Chavez and Triangle State. These were followed closely by areas such as Zilker, Barton Hills, Hyde Park and others. Aiming for cheap rents? The three cheapest neighborhoods to live in are Coronado Hills, Georgian Acres and Franklin Park. You can view the full
Struggling with self-management and thinking about hiring a property manager? Put your real estate investments on auto pilot and let a professional property manager do the work! Here are a few reasons why you should be using a property manager.
Qualifying Your Tenants
As a self-managing landlord, you may be without or lack the resources to thoroughly screen prospective tenants. Are their references for previous landlords real? Do they make the minimum requirement of 3x their monthly rent? These and much more are all questions that are valid determiners of whether or not a tenant is suited to live in your property. When you self-manage these are all things you must validate before you can accept a tenant to your property and gathering all of this information can be a hassle and very time consuming. Trust a professional property manager to do all of this work for you and find only quality tenants for your property!
Collections
Most if not all smart landlords have a policy about grace periods for paying rent after the initial due date. This is good as sometimes life can take unexpected turns for tenants and coming up with rent can be a struggle. As a self-managing landlord, since you are hands on with your tenants, things can get personal quick if you have a tenant who isn’t paying but you have a good relationship with. With a professional property m...
According to FIREPAW, a non-profit organization whom handles animal welfare services, property managers who allow animals in their rental properties are seeing an increase in their bottom line profits. Their nationwide study found that the #1 reason pet owners gave up their pets were housing issues. Even though pet owners are willing to pay more in rent to keep their animals, there is still a shortage of landlords willing to accept pets.
You’d be hard pressed to find a city more pet-friendly then Austin and as a property management company we advise all of our landlords to consider pets when they present no risk to their properties or tenants. In terms of profitability, a separate deposit for pets can bring a landlord an extra chunk of change with each lease. The study conducted by FIREPAW also revealed that, on average, landlords and owners that allows pets will rent for a 20-30% higher rate than properties that don't allow pets. Other benefits for landlords that allow pets include:
- Longer Tenancy – Tenants who have pets prefer to stay in one place for a longer amount of time.
- Lower vacancy rates
- More applications received per unit – Pet friendly living...
The Austin rental market is booming right now! The demand for rentals is at an all-time high, the rents in the greater Austin area are way up, and the time to invest is now after Austin was named #1 place to live! If you can find an Austin rental property to invest in, you could be the owner of an investment that should have consistent income for years to come. However, choosing the right investment property can be tricky and if chosen poorly you could potentially lose money instead of earning!
The first course of action is to consider the type of property you would prefer to invest in. Single-family homes, condos and multi-family properties are all worthwhile investments. Before you start working with a broker, first decide what kind of property you’re willing to take on and what you can afford.
Consider who your ideal tenants are. Targeting areas of higher income such can lead to great, high-quality tenants though your initial investment will be greater. Also, consider whether you would be taking care of your rental property yourself or if you would need the services of an Austin property management company for your rental. Consider why you are investing in real estate and what you hope this investment will do for you. There are many books and o...
However, Stone Oak Property Management was built to fill the void for clients whom were disappointed with their current property manager. The founders of Stone Oak are all landlords themselves so they set out to build a company they themselves would be comfortable hiring as their property manager!
When searching for new property manager you should have a bundle of questions you come prepared to ask before deciding on the right company for your properties. Here at Stone Oak Property Management we talk to landlords and investors from all over the nation about their properties in Austin and San Antonio. Here are 10 frequently asked questions we hear from landlords!
Does the property management company have a dedicated, licensed property management personnel and how many staff will be looking after my property?
With Stone Oak, your properties receive unparalleled management from a team of certified property managers. From the maintenance crew to the founding manager your property receives the full attention to detail it deserves. When we take on new rental properties, we treat them as if they were our own. Stone Oak provides the greatest support team in the Austin market and you’ll always have direct line of communication with everyone in the company. You can rest assured your properties are in the hands of...
Often we get those looking to purchase new homes and properties and while we do help these clients, we often refer them to our trusted real estate partners over at Central Metro Realty!
Central Metro Realty is an Austin based, locally-owned real estate Brokerage. While Stone Oak was built for landlords by landlords, Central Metro was built by agents for agents! With Central Metro you know you’re working with an agent who is Austin local with years of experience in the local market!
Central Metro is a diverse Brokerage with many nationalities represented throughout the firm. With Austin being such a diverse city experiencing an influx of people every single day, having Realtors from every corner of the world helps those transitioning to a new area such as Austin. If you’re an individual moving to Austin internationally, check out their roster of agents to connect with an agent of either a certain nationality or language!
Whether you’re looking to buy or sell a home, the family of Realtors at Central Metro will make the process as easy as possible for you! As a ...
Stone Oak Property Management
14050 Summit Drive #113B
Austin, TX 78728
Phone: 512.617.6766
New Accounts: 512.615.7737
Toll Free: 888.892.7940
Fax: 512.994.2300
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