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.
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.
*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.
*View the full 2021 Texas Real Estate Year in Review Report from TexasRealEstate.com.
*View the Full Q3 2022 Texas Quarterly Housing Report from TexasRealEstate.com.
$345,000
up 11.3% compared to same quarter last year.
down 14.8%
97,771 in 2022 Q3
up 61.4%
90,198 in 2022 Q3
2.7
Compared to 1.6 in 2021 Q3
31
4 days more than 2021 Q3
*Stats updated quarterly.
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.
In this video, Matt Leschber, 1836PM Founder discusses 2022 Q1, Q2, and Q3 data regarding average days a property spent on market and average number of showings it took to lease a property. He also discusses the importance of the stats and why investors and agents should be aware.
This data comes directly from our portfolio of managed properties.
*Stats updated quarterly.
*Including the impact of COVID19 on the local economy.
(And don’t delay on completing your onboarding documentation and tasks) Before a rental property can be listed to find a tenant, there are many things that need to be checked off the “To Do” list. This could include completing onboarding documentation and general turnover......
23 January, 2023
Real estate investing can be very rewarding. But, in order to get the most out of your rental property, and to keep up on your real estate investment performance, you need to track and manage a few key performance indicators. These KPIs can help......
11 January, 2023
One of the reasons many people opt for renting is because they don’t want to stress about all the maintenance that owning a house entails. Tenants of rented properties take comfort in the fact that they won’t have to dip into their savings to......
19 December, 2022Whether 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.
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.
(And don’t delay on completing your onboarding documentation and tasks) Before a rental property can be listed to find a tenant, there are many things that need to be checked off the “To Do” list. This could include completing onboarding documentation and general turnover......
Real estate investing can be very rewarding. But, in order to get the most out of your rental property, and to keep up on your real estate investment performance, you need to track and manage a few key performance indicators. These KPIs can help......
One of the reasons many people opt for renting is because they don’t want to stress about all the maintenance that owning a house entails. Tenants of rented properties take comfort in the fact that they won’t have to dip into their savings to......
