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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

709

Total Properties

$262.3M

Total Assets Under Management

658

Total Investors

1095

Total Residents

QUICK STATS ON POTENTIAL RESIDENT INQUIRIES

*Stats updated quarterly.

Tenant lease inquiries dropped in January – April, then hit a high in May and dropped again in June of 2022. Data shows total inquiries for this year are lower than the same time in 2021, likely due to an increased number of tenants moving after Covid quarantine measures were lifted and people began to return to everyday life.

resident inquries 2022

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.

days on market 2022 vs 2021

AVERAGE NUMBER OF SHOWINGS UNTIL LEASED: 2022 vs 2021

*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.

showings until leased 22 vs 21

TEXAS HOUSING MARKET QUICK STATS

*View the full 2021 Texas Real Estate Year in Review Report from TexasRealEstate.com.

Texas Quarterly Housing Report

*View the Full Q2 2022 Texas Quarterly Housing Report from TexasRealEstate.com.

Median Price

 

$325,000

up 18.6% compared to same quarter last year.

Homes Sold

 

up 5.6%

88,700 in 2022 Q1

Active Listings

 

down 8.2%

38,870 in 2022 Q1

Months of Inventory

 

1.1

Compared to 1.3 in 2021 Q1

Average Days on Market

 

37

10 days less than 2021 Q1

AUSTIN, TX MARKET UPDATES

*Stats updated quarterly.

Things are changing in the Austin real estate market! Listen in as 1836PM Founder, Matt Leschber, discusses interest rate shifts, supply and demand trends, sales price stats, and what investors should know about the changes.

Interest Rates and Statistic Changes in the Austin, Tx Real Estate Market (Q3 2022)

How confident are you feeling about your rental property leasing skills?

As a professional property management company, we know the ins and outs of what it takes to legally and efficiently lease a rental property. On average we only approved 47.2% of applicants and have a less than 1% eviction rate annually (typically runs less than 1/2 of 1%).

So how confident are you about your rental property leasing skills? Do you know the proper documentation you must have in order to receive rental applications from potential tenants? Do you know what you can legally ask and not ask? Do you know what information you can legally provide back to the potential tenant and not? Do you have a set criteria that meets legal standards in place in order to obtain the best possible tenant for your property or for your client’s property?

In this video, 1836PM Founder, Matt Leschber discusses multiple variables you should consider when choosing to self-lease a rental property or leaning on a professional to assist.

1836PM Maintenance Overview

*Stats updated quarterly.

1836PM top maintenance tasks performed in April 2022
May FB Maintenance Graphic
FB June Maintenance Graphic

QUICK LOOK FROM NATIONAL ASSOCIATION OF REALTORS

*Including the impact of COVID19 on the local economy.

OTHER RESOURCES FROM THE 1836PM VLOG and BLOG

More from 1836 Property Management

  •   Tenants and landlords frequently have disagreements over rent increases. Avoiding arguments requires knowledge of the rules. In the simplest sense, tenants provide financial support to landlords in exchange for housing. Although the basics are straightforward, disagreements about rent often escalate into open hostility. But......

  •   If you own a rental property, your main goal is to attract long-term viable tenants who will occupy the property, which in turn will lead to sustained income. After all, as a rental owner, your goal is to maximize the comprehensive rate of return.......

  •   There is a substantive difference between landlord insurance and homeowners insurance.  The two forms of insurance differ in terms of name yet they also have important differences in the context of coverage.  If you are a real estate investor, it is required that you......

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.

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!

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Ready to partner with 1836PM?

JOIN OUR NEWSLETTER

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

More from 1836 Property Management

  •   Tenants and landlords frequently have disagreements over rent increases. Avoiding arguments requires knowledge of the rules. In the simplest sense, tenants provide financial support to landlords in exchange for housing. Although the basics are straightforward, disagreements about rent often escalate into open hostility. But......

  •   If you own a rental property, your main goal is to attract long-term viable tenants who will occupy the property, which in turn will lead to sustained income. After all, as a rental owner, your goal is to maximize the comprehensive rate of return.......

  •   There is a substantive difference between landlord insurance and homeowners insurance.  The two forms of insurance differ in terms of name yet they also have important differences in the context of coverage.  If you are a real estate investor, it is required that you......

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