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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

788

Total Properties

$291.5M

Total Assets Under Management

740

Total Investors

1250

Total Residents

AVERAGE NUMBER OF DAYS ON MARKET (2022 vs 2021):

A rental property’s condition and price are key factors that affect the number of days the property will remain on the market before it is leased. The investor, landlord, or property manager must ensure that the rental is in that ideal “make-ready” condition before it goes to market. The property must also be priced fairly and on par according to property specifications, location, and market trends.

Average Days on Market Stats_ 2023 vs 2022

AVERAGE NUMBER OF SHOWINGS UNTIL LEASED: 2022 vs 2021

*Stats updated quarterly.

Condition and price, as always, determine DOM and the number of showings it will take to lease. 1836PM has been executing and perfecting remote showings for years, and now we efficiently execute remote move-ins with our leading internal and external software and systems.

Average Number of Showings Until Leased_ 2023 vs 2022

TEXAS HOUSING MARKET QUICK STATS

*View the full 2022 Texas Real Estate Year in Review Report from TexasRealEstate.com.

Texas Quarterly Housing Report

*View the Full 2022 Year in review from TexasRealEstate.com.

Median Price

$340,000

UP 13.3% from 2021

Homes Sold

367,472

DOWN 11.3% from 2021

Active Listings

66,160

UP 36.9% from 2021

Months of Inventory

2.7

Compared to 1.2 in 2021

Average Days on Market

35

1 day more than 2021

AUSTIN, TX MARKET UPDATES

*Stats updated quarterly.

In this video, Matt Leschber, 1836PM Founder, provides an overview of property leasing stats in the first quarter of 2023 vs 2022 from our portfolio of investment properties.

He also provides typical property management variables and other outside factors that may have had an effect on that data. Ultimately providing insights as to what investors and agents in the Austin area can expect moving forward.

Market Update: Q1 2023 vs 2022 Recap: Average Days On Market & Number of Showings it Took to Lease a Property

Reasons Why You Should Let Your Professional PM Partner Lease Your Client’s Rental Property

There are so many variables that go into a successful leasing process that will inevitably make your client’s investment successful in the long-term. But not only that, there are legal implications if it’s done incorrectly.

Here are a few reasons why we encourage 1836PM partner agents to let our professional team of property managers handle the leasing process in its entirety.

1836PM Maintenance Overview

*Stats updated quarterly.

Jan '23 maintenance
Feb '23 maintenance
March '23 maintenance (1)

QUICK LOOK FROM NATIONAL ASSOCIATION OF REALTORS

OTHER RESOURCES FROM THE 1836PM VLOG and BLOG

More from 1836 Property Management

  •   One of the biggest keys to success in real estate investing is retaining residents. The more effective you are at renewing leases at your rental property, the more money you are going to make — and the more money you are going to save......

  •   If you’re wondering what “property management services” refers to, you’ve come to the right place. We’re well aware that it can be a bit hard to stay updated on every single real-estate term out there (as new ones appear almost on a daily basis).......

  •   Property managers are the most important partner that you can work with in real estate investing if you don’t plan on maintaining the property yourself. Even in those situations, hiring a trusted Austin property management company can provide a lot of benefits to your......

Why We Market After a Tenant Has Moved Out and the Property is Vacant and Move-in Ready

Whether to put a rental property on the market while the current tenant is still living in the property varies from one landlord or property manager to another. We can say from years of experience, that to give a rental property the best possible chance to get a great new tenant in, the property MUST be vacant and move-in ready.

We’re 1836 Property Management. Your Trusted Property Management Partner in the Austin, Tx Area.

1836PM Founder, Matt Leschber discusses where the company began, where it is today, and what made the growth of the company possible. He also details what partnering real estate agents can expect throughout the relationship.

Have questions?
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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

  •   One of the biggest keys to success in real estate investing is retaining residents. The more effective you are at renewing leases at your rental property, the more money you are going to make — and the more money you are going to save......

  •   If you’re wondering what “property management services” refers to, you’ve come to the right place. We’re well aware that it can be a bit hard to stay updated on every single real-estate term out there (as new ones appear almost on a daily basis).......

  •   Property managers are the most important partner that you can work with in real estate investing if you don’t plan on maintaining the property yourself. Even in those situations, hiring a trusted Austin property management company can provide a lot of benefits to your......

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