Austin Property Management Blog

2023 Holiday Season Closures

We hope you had a great Thanksgiving. Our updated holiday closing schedule is available at this link.  We wish you a happy holiday season.

Holiday Cooking and Drains

When preparing the meals we all enjoy during the holidays we generate a lot of food waste.  We just want to remind everyone that nothing should be put down the drains or it could result in plumbing charges to you if things get clogged up.  Here is a short article about the issue, and keep in mind that while this discusses food waste you should also never flush things down the toilet other than human waste and toilet paper.  Manufacturers of wipes claim they are flushable, but they are absolutely not flushable and should never be put down drains.

Seasonal Reminders

As the seasons are changing ...

Austin, Texas Market Update

As we wrap up the year going into the holidays we are experiencing the same seasonal market downturn that is expected.  We’re also experiencing several other factors that are weighing heavy on the market.  The sales market has slowed significantly and is adding rental inventory on top of the apartments that are completing construction thus making the market more competitive. We’re seeing leasing specials like a free month or other incentives that we haven’t seen for several years.  Our clients have recently begun offering incentives as well to stay competitive after seeing much longer vacancy periods. 

Here is a recent article about the housing market discussing the swing from being a frenzied market to having a much larger inventory with reluctant buyers and sellers.

That being said there isn’t much to report and we will all wait and see how the market levels out over the next few months as externalities take shape.