fbpx

Real Estate & Property Management Market Insights

No one can know for certain when we’ll be able to get back to “business as usual” but as property investors, it’s important to stay up-to-date on real estate market data in order to protect our investments and remain on course toward our financial goals. That’s why we’ve compiled data from our own portfolio of investment properties here in Austin, Texas, some 1836PM crafted resources for investors, and other highlights from our go-to industry thought leaders.

 

The statistics from our own portfolio seen below were collected via the software and systems which we’ve integrated over the years and currently have in place to efficiently monitor our clients’ investments. The information below is also indicative and specific to the state of the housing market since the introduction of the global pandemic in early 2020.

1836 PROPERTY MANAGEMENT PORTFOLIO OVERVIEW

605

Total Properties

$223.9M

Total Assets Under Management

512

Total Investors

1026

Total Residents

QUICK STATS ON DELINQUENCY RATES

*Stats updated quarterly.

1836 PM:

  • July 2021: About 3% delinquency of our total portfolio
  • August 2021: About 5% delinquency of our total portfolio
  • September 2021: About 3% delinquency of our total portfolio

 

National Average (multi-family or managed housing industry):

  • July 2021: 23.5% delinquency
  • August 2021: 19.8% delinquency
  • September 2021: 28% delinquency

*Data collected via the National Multifamily Housing Council. Data shows rent payments made by the 6th of the month.

AUSTIN, TX MARKET UPDATES

*Stats updated quarterly.

Following the introduction of the 2020 global pandemic, many industries and ways of doing things experienced substantial changes. The same goes for the way property managers provide services, including maintenance and property quality checks.

In this video, 1836PM Founder, Matt Leschber discusses what to expect as the result of 2021 Fall property walkthroughs, following changes in the real estate market and industries in Austin, Texas.

What to Expect as the Result of Fall Walkthroughs

4 Reasons Why You Should Let a Professional Property Manager Lease Your Client’s Rental

In this video, Matt Leschber, 1836PM Founder, lists 4 reasons why it’s in your best interest to partner with a professional property management company to help lease your client’s rental.

While yes, you can make a quick couple of hundred dollars by leasing it for your client, there are a number of reasons, both financially and legally, that you should consider when deciding not to.

QUICK STATS ON POTENTIAL RESIDENT INQUIRIES

*Stats updated quarterly.

Tenant lease leads remained on par from July to September in 2021 compared to Q1 of 2020. This is also inline with the industry average.

AVERAGE NUMBER OF SHOWINGS UNTIL LEASED

*Stats updated quarterly.

Condition and price, as always, really determine DOM. 1836PM has been executing and perfecting remote showings for years. Now, we’re executing remote move-ins with the new software and systems we’ve established as well. Three days of vacancy and a sanitation-heavy cleaning process before any new residents move-in have also been implemented when sufficient time has not elapsed between residents.

1836PM Maintenance Overview

*Stats updated quarterly.

1836 maintenance july 2021
Sept Maintenance 1836 graphic

TEXAS HOUSING MARKET QUICK STATS

*Via the 2020 Texas Real Estate Year in Review Report from TexasRealEstate.com. View the full report here.

Texas Quarterly Housing Report

Median Price

 

$300,490

up 19.1% Compared to same quarter last year.

Homes Sold

 

up 24.7%

114,722 in 2021 Q2

Active Listings

 

down 42.2%

48,971 in 2021 Q2

Months of Inventory

 

1.4

Compared to 2.9 in 2020 Q2

Average Days on Market

 

32

22 days less than 2020 Q2

QUICK LOOK FROM NATIONAL ASSOCIATION OF REALTORS

*Including the impact of COVID19 on the local economy.

OTHER RESOURCES FROM THE 1836PM VLOG and BLOG

Evictions and Housing Update (as of 8/10/21)

In this video, 1836PM founder, Matt Leschber, provides a quick overview of the most recent CDC Evictions Moratorium as of August, 10th, 2021, and how that is affecting housing and property management.

*Disclaimer – This is the most recent information we’ve researched and collected from local, state, and federal websites, as well as, our on-retainer attorney (as of 8/10/21). We always recommend that if any issues arise that you also consult your local justice of the peace or trusted attorney.

Why We Do It Better Than Any Other Company in Austin

Learn about the 9 service standards we hold ourselves accountable to, which enable us to provide better property management services than any other company in Austin, Texas!

Have questions?
Ready to partner with 1836PM?

JOIN OUR NEWSLETTER

Get monthly real estate investor education, strategies, and market updates.

More from 1836 Property Management

  •   Real estate is an incredibly lucrative industry. However, tapping into its potential is not as easy as it might seem. With an abundance of options on the market, there come just as many risks, which can lead to severe consequences if not assessed adequately.......

  •   1836 Property Management was established in 2007, after Founder and Broker, Matt Leschber, realized the opportunity that existed in the Austin real estate market. With one client and the belief that mutually beneficial transparent relationships are the key to a successful business, 1836 Property......

  •   Being a landlord is never as easy as it seems on paper. If you’re a new real estate investor or considering jumping into the industry, you might think that your only jobs are to assess whether the tenant meets the qualifications to rent your......

Have questions?
Ready to partner with 1836PM?

JOIN OUR NEWSLETTER

Get monthly real estate investor education, strategies, and market updates.

More from 1836 Property Management

  •   Real estate is an incredibly lucrative industry. However, tapping into its potential is not as easy as it might seem. With an abundance of options on the market, there come just as many risks, which can lead to severe consequences if not assessed adequately.......

  •   1836 Property Management was established in 2007, after Founder and Broker, Matt Leschber, realized the opportunity that existed in the Austin real estate market. With one client and the belief that mutually beneficial transparent relationships are the key to a successful business, 1836 Property......

  •   Being a landlord is never as easy as it seems on paper. If you’re a new real estate investor or considering jumping into the industry, you might think that your only jobs are to assess whether the tenant meets the qualifications to rent your......