Investing

Austin Rental Market Update – 2007-2006 Comparison

March 13, 2008

For 2007, the Austin Rental Market continued to see gains in average and median rental rates for single family homes. But we still lag behind the rental rates landlords enjoyed 6 and 7 years earlier, if you can believe that. The graph below shows where we were in 1999 through 2007. You can see the [...]

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Austin Rental Market Update – thru Oct 2007

November 24, 2007

The Austin Rental Market keeps chugging along. Not much new to say for the stats report this month as the steady climb in rents continues. Average rental rate is up 5.7% from a year ago, to $1354 (though down from last month due to our seasonal shift). But remember, average rents in Austin are still [...]

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Austin Real Estate Market Sales Update – Sept 2007 and YTD

October 22, 2007

The Austin real estate market is a set of markets within a market. Trying to describe what’s going on is like trying to say what the weather is like right now in the U.S. What is true in one area often does not apply to another. Overall in Austin, the number of sales have dropped, [...]

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Another Austin Investor Horror Story

August 5, 2007

Sometimes I think I go too far in warning prospective newbie investors about the potential downsides of owning rental property, but articles like this one in todays Austin Statesman remind me that stern warnings are in fact appropriate. To be clear, I am a happy real estate investor and have helped many, many investors successfully [...]

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Pros and cons of owning rental houses

July 7, 2007

I came across this article today by Robert Bruss (www.RobertBruss.com). It’s a really good overview of rental property ownership. Robert Bruss writes real estate articles that are published in newspapers around the country. A closer look at investment purchases Friday, July 06, 2007 By Robert J. Bruss – Inman News What is the best investment [...]

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Austin Real Estate – Rental Market Update Feb 2007

March 11, 2007

The Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took [...]

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Austin Real Estate Market Sales Update – 2006 Summary

January 29, 2007

Below are the sales stats for December 2006 as well as a 2005/2006 comparison summary. This month, on the chart directly below, I’ve added Duplex sales and Townhome sales so you can see how those track over time compared to single family homes. 2006 was a very strong year for the real estate market in [...]

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Austin Rental Market Update – 2006 Summary

January 21, 2007

Finally, after four consecutive years of declining average rents, the Austin rental market turned around in 2006. Though only a modest increase of 1.4% over the 2005 average rental rates, it’s the change in direction that’s important. Austin absorbed 35% more rental homes in 2006 than 2005. The market is very strong but supply remained [...]

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Why I Just Passed on a Positive Cash Flow Investment Property in Austin

January 10, 2007

Now that the holidays are behind us and a new year has begun, the phones are starting to ring again and the email inquiries are coming in again from prospective investors who are considering purchasing investment property in Austin. The most common question we hear is, “can I buy a rental house in Austin that will provide [...]

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Real Estate Investor Horror Story

January 5, 2007

I found this post on the web while doing some research on an investment club someone mentioned to me. The story was posted by an investor who apparently joined one of these investor groups that has the entire process all laid out via a pre-established “network”. They tell you where to go, what to buy, which [...]

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