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.
*Stats updated quarterly.
1836 PM:
National Average (multi-family or managed housing industry):
*Data collected via the National Multifamily Housing Council. Data shows rent payments made by the 6th of the month.
*Stats updated quarterly.
In this video, 1836 PM founder, Matt Leschber, provides a quick market update regarding resident lease inquiries in Q1 versus Q2 of 2020. He also provides stats regarding Average Days on Market in Q1 versus Q2 of 2021 from the MLS compared to the 1836PM portfolio.
JULY 2021 Agent Market Update: Q1 v. Q2 – Resident Inquiries and Average Days on Market
Changes in the Austin Real Estate Environment & How it’s Affected Leasing, Make Readies, & Listings
In the last year and a half the Austin Real Estate Market has seen big shifts within many different variables.
In this video, Matt Leschber, 1836PM Founder, discusses how those shifts have affected how we do business as a professional property management company. Specifically, we explain the impact on leasing, make-readies, and rental listing standards.
*Stats updated quarterly.
Potential Resident Inquiries increased significantly in May 2021, whereas we saw a large increase in June 2020 comparatively. This is on par with industry standards, with more renters moving in summer months.
*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.
*Stats updated quarterly.
*Via the 2020 Texas Real Estate Year in Review Report from TexasRealEstate.com. View the full report here.
$274,300
up 13.4% Compared to same quarter last year.
84,464
up 10.1% from 2021 q1
43,542
down 53% from 2021 q1
1.3
Compared to 3.0 in 2020 Q1
47
13 days less than 2020 Q1
*Including the impact of COVID19 on the local economy.
In this video, Matt Leschber, 1836PM Founder, provides 4 tips for real estate agents on what not to do when trying to keep the relationship between you, your clients, and your property management partner in good standing for years to come.
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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