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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

585

Total Properties

$216.5M

Total Assets Under Management

469

Total Investors

969

Total Residents

QUICK STATS ON DELINQUENCY RATES

*Stats updated quarterly.

1836 PM:

 

  • January 2021: About 2% delinquency of our total portfolio
  • February 2021: About 2.5% delinquency of our total portfolio
  • March 2021: About 2.1% delinquency of our total portfolio

 

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

 

  • January 2021: 23.4% delinquency
  • February 2021: 20.8% delinquency
  • March 2021: 19.6% 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.

In this video, Matt Leschber, 1836PM Founder, discusses the maintenance aftermath (based on 1836PM’s portfolio of investment properties) following the unprecedented February 2021 winter storm. He also provides tips that agents can pass along to their clients when purchasing a home or investment property.

MARCH 2021 Market Update: Maintenance Data & Tips (Following the FEB ’21 Winter Storm)

3 Code Compliance Items to Consider at Your Rental Property | 1836 Property Management

Whether you’re a seasoned real estate investor or a new investor, being aware of legally required code compliance items at your rental property is essential.

 

Not only will remaining compliant keep you out of legal trouble, but it will ensure your paying tenants are safe and happy. Afterall, a happy tenant means they stay in contract longer and the chance of property vacancy is kept to a minimum.

 

In this 30 minute webinar recording, you will learn about 3 need-to-know code compliance items:

 

  • Rekeying your locks before a new tenant moves in
  • Strengthening existing deadbolts and locking systems
  • Appropriate smoke detector and carbon monoxide tests

 

Host: Matt Leschber, Founder, 1836 Property Management

Co-Host: Ken Jennings, CEO, Mr. Rekey Locksmith (Rekey.com)

QUICK STATS ON POTENTIAL RESIDENT INQUIRIES

*Stats updated quarterly.

Tenant lease leads increased slightly from January to March in 2021 compared to Q1 of 2020. This is on par with the industry average, however, the increase is more indicative of the 1836PM growth and awareness.

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.

QUICK STATS FROM REALTOR.COM

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

Texas Real Estate 2020 Year in Review

Median Price

 

$259,230

up 8% from 2019.

Homes Sold

 

393,615

up 9.5% from 2019

Active Listings

 

79,503

down 22.1% from 2019

Months of Inventory

 

1.7

Compared to 3.0 in 2019

Average Days on Market

 

55

Four days less than 2019

Median Price Per SQ. FT

 

$128.74

up 6.2% from 2019

*Data includes new and existing home sales

QUICK LOOK FROM NATIONAL ASSOCIATION OF REALTORS

*Including the impact of COVID19 on the local economy.

OTHER RESOURCES FROM THE 1836PM VLOG and BLOG

Learn How to Win at Real Estate Investing by Applying Winning Strategies from Monopoly

While real estate investing in the real world certainly isn’t a game, it is interesting how certain strategies of Monopoly can relate to those you would apply when buying/owning an investment property.

 

In this video, Matt Leschber, 1836PM Founder, breaks down a few of the strategies to show you how to win at real estate investing in today’s market.

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?
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More from 1836 Property Management

  •   If you’re a homeowner, your worst fear might be rising maintenance costs, but what most people don’t factor in is rising property taxes, which can take quite a toll on your annual budget. If you are looking to buy your first home, you will......

  • It is no secret that buying rental properties continues to be a profitable investment. In fact, the recent growth of Austin property management only emphasizes the rise in number of real estate investors in this market. But if you’re new to the real estate landscape......

  •   Over the years, there has been a dramatic shift in the real estate landscape in the U.S. But the transformation of the housing market and Austin property management continues to draw more real estate investors.  If you’re just starting out, follow a strategic and......

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

  •   If you’re a homeowner, your worst fear might be rising maintenance costs, but what most people don’t factor in is rising property taxes, which can take quite a toll on your annual budget. If you are looking to buy your first home, you will......

  • It is no secret that buying rental properties continues to be a profitable investment. In fact, the recent growth of Austin property management only emphasizes the rise in number of real estate investors in this market. But if you’re new to the real estate landscape......

  •   Over the years, there has been a dramatic shift in the real estate landscape in the U.S. But the transformation of the housing market and Austin property management continues to draw more real estate investors.  If you’re just starting out, follow a strategic and......