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, 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)
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:
Host: Matt Leschber, Founder, 1836 Property Management
Co-Host: Ken Jennings, CEO, Mr. Rekey Locksmith (Rekey.com)
*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.
*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.
$259,230
up 8% from 2019.
393,615
up 9.5% from 2019
79,503
down 22.1% from 2019
1.7
Compared to 3.0 in 2019
55
Four days less than 2019
$128.74
up 6.2% from 2019
*Data includes new and existing home sales
*Including the impact of COVID19 on the local economy.
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.
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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