Updating and Adding Amenities Can Improve Your Rental Property and Lead to Higher Rent!

When it comes to your rental property are you actively trying to upgrade or are you simply providing maintenance? It’s enough to keep everything in working order and maintain your property as livable, and there is nothing wrong with this. However, as the property owner/landlord you may be missing out on simple ways to increase the value of your rental property. It doesn’t take much, but a few well-placed additions and upgrades to your property can have the value and even rent going up. Upgrades to your rental property can increase your return on investment and attract high-quality tenants!

Adding value to your rental property can happen many ways and range from replacing a few small things here and there to a full remodel of your rental property. The time is always now to make these changes as the market is consistently on the rise and you may be looking to sell your property once it hits a certain point!

Aside from the usual rent-ready cleaning, consider the below suggestions to improve the quality of your property!

• Rental property in need of a paint job? With time paint loses its color and begins to fade. If you’ve had tenants in for a while this is almost a guarantee. Adding a  fresh coat of paint can have your place looking more vibrant and livable! A neutral color is also desired for most tenants so the dé...

Investor or Investment Group with Rental Properties in Austin, Texas? Discover Stone Oak Property Management!  

It’s no secret that the real estate market in Austin has been growing rapidly year after year. The greater Austin region has seen unrivaled growth, with Georgetown considered the fastest growing city in the nation with a population greater than 50,000 residents. According to Austin Relocation Guide, the greater Austin region experiences 157 net arrivals a day! This means people are looking for a place to live and they are looking all the time.

Maybe you’re a savvy real estate investor or a part of a larger investment firm wanting to invest in the greater Austin real estate market. Regardless of who you are, you’re going to need someone to look after your rental property and manage your investment day to day. Everyone likes a safe investment and everyone likes to keep their investment safe! The majority of Stone Oak’s employers (clients) are those who don’t have feet on the ground, but instead have chosen to invest their money here! All based on one thing – they trust us and the service we provide! Stone Oak Property Management, with our attentiveness and hand-on approach to all we do, provides out-of-state investors with the ease of mind that their investment property is left in...

Do Tenants Prefer to Rent Through a Property Manager?

Just as most landlords will have horror stories of tenants throughout the years, the same applies to tenants in dealing with landlords. Thankfully, a great property manager should have both parties feeling satisfied! We’ve talked to plenty of tenants who prefer renting through a property manager opposed to a landlord for numerous reasons! We’ve all had that one landlord who was to nosy and too much involved in what should be the tenant’s privacy. If you've experienced this than you can understand how this can make a tenant feel a bit off about the place and less likely to renew their lease. At Stone Oak Property Management, we take tenant’s rights and privacy very seriously and someone renting a home from us will find themselves feeling at ease having a property manager who is there when they need them, and not there when they don’t.

While we take what is basically a personal interest in our client’s properties, we do our best to make the tenant feel as though it is their home. We understand and are up to date on the laws that involve rental properties and their tenants. While we always act in the interest of the landlord, we take pride in fostering an atmosphere that makes tenants happy to be where they are. Stone Oak is there 24/7 for ten...

Austin Property Management and Your Properties and Tenants!

If you own a rental property or dozens of them, you are fully aware of the worthwhile experience it can be as it often generates a constant stream of income. This is only a guarantee though when you have great, quality tenants in your rental property who pay on time and don’t destroy your property. Everything is always great when you’ve got high quality tenants until those tenants turn out to be problems. This is where a property management company can really pay dividends!

It all starts with the marketing which should be included in your fees as it is with us! We syndicate your property for rent to numerous sources on the internet and physical locations in search for great, rent-paying tenants for your place. A professional property management company does the due diligence and provides all the screening for potential tenants for you. Most of the time landlords will run simple background checks and credit checks on tenants and while this may provide some detailed results on tenants for your rental property sometimes it isn’t very telling of the type of tenant they would be. Stone Oak Property Management provides thorough screening chec...

Investing in Real Estate and Maintaining Your Property/Rental. The Solution is Property Management!

Investing your money in rental property can have you earning a steady stream of income for life If done properly. However, do not expect the costs of such an investment to end at closing! When becoming a landlord there are two certainties – costs and death. Most real estate investments require prompt maintenance and remodeling to be suited for code and actually livable for a rent paying tenant.

Let’s say you now own a property ready to be rented and now the process of finding a tenant comes into play. Don’t forget this is only the first step to your income producing investment, and then comes the actual process of being a landlord. Some prefer to be hands on with their properties and deal with the constant headaches owning a rental property can cause and the time you must invest in it – time you may not have to spare. This is where professional property management services come in to play.

What Do Property Management Services Provide To You? 

The value a property management service can add to your investment can be great and many experienced real estate professionals can tell you that a great property management service is worth it.

Finding Higher Quality Tenants For Your Property

Finding a tenant can be hard and expensive. If you go it alone you’l...

One of the toughest challenges a property owner faces is finding the right person for the job. This could be anything from constructing a fence to a major remodel of your kitchen. Even as a management company, there are trying times with vendors.

We have several “go-to” vendors on our list, but it is an ever evolving list and we are always looking for great vendors to stay competitive in the market.

As an owner considering a project there are a few items that I recommend asking about and insisting on throughout the duration of your project.

1. Do not pay for a job upfront. This could indicate the contractor doesn’t have the funds to hire the crew needed for your job. You may be thinking you are getting a “great deal”, but you will likely end up with an unfinished project weeks later.
2. Always try to pay for materials yourself. This will help keep tabs on what is actually being spent on materials versus labor. We have vendors call us from material supply stores to give our credit card to the store directly. This allows us to review the purchase order.
3. Is the vendor insured? Depending on the scope of your project, this may not matter to you, however consider that nearly everyone has the ability to fall off a ladder or nail their hand to something. Without insurance, you will likely be paying for the mishap.

Lastly, when choosing a vendor, keep in mind these excellent quotes: <...

Nearly half of the new clients we bring on at Stone Oak come from other property management companies. A big concern for these landlords have when making a transition is the time required and the hassle that may be ahead of them.

We make the process as simple and smooth as possible! Most professional property management companies have good records and the transition is largely coordinated between the new and old management companies, taking very little of the landlord’s time.

We have worked with dozens of local companies of all different sizes to transition landlords into our company. Our staff is dedicated and extremely focused on our clients’ needs and making this transition a breeze for them. We help to fill in the gaps when needed in a transition - If it takes physically showing up at a previous manager’s office to pick up records, leases, keys or the like, we will do our best to make the transition a smooth one for all.

When interviewing property managers, don’t be afraid to ask how the transition is handled and what your responsibilities as the landlord will be. Call us today at 512.921.7537 or email us to see what a property management company like ours can offer compared to our competitors!

First of all, eviction is not as common as you would think, and not that scary if you are on the right side of it.

We work in Travis, Williamson, Hays and Bexar counties currently. As with most counties in Texas, you will find that the time from the date of filing a petition for eviction until the actual eviction will vary depending on how busy the courts are, but you should expect three to six weeks.

Once you have been through the hearing with the court and won your eviction case, you will still be at the mercy of the constable/sheriff’s office and how busy they are. They will have to post a notice on the front door after you obtain the “writ of possession” and then physically show up to be keepers of the peace during the actual eviction.

The costs can vary as you are charged per person/adult you are evicting. As of the writing of this post, in Travis county it is $116.00 to file on one person in Travis County and $155.00 for the writ of possession after winning at the hearing.

You will also need to factor in the cost of having a locksmith and a crew or someone to remove the personal property from the home on-site the day of the eviction. The sheriff’s office in Travis County gives us two hours to make all this happen before they charge $50 per hour...