Some Perspective on Rental Property Cash Flow Disruption

About a year ago, Sept 2014, during a violent Austin thunder storm, a rental property I personally own in SW Austin was struck by lightening and caught fire in the attic. As the thunderous flash of light, noise and immediate smoke jolted the tenant out of bed at 2:30AM, he quickly realized that he was […]

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Posted by Steve
3 years ago

Texas Buyer Inspection Deadline to Move to 5PM Instead of Midnight

Inspection Deadline

One of the more vexing and frustrating aspects of managing a Texas real estate transaction is what we agents call “clearing the Option Period”. The Option/Inspection Period is the agreed upon number of days during which a Buyer can unilaterally terminate the purchase contract. It’s usually 5-10 days. The buyer doesn’t need a reason. It’s […]

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Posted by Steve
3 years ago

Leasing a Home in Austin TX – Then and Now

When Sylvia and I started leasing and managing rentals in Austin in the early 1990s, the business operation was phone-based. I had a phone, answering machine, and spiral pad on a desk in our kitchen nook. All business happened there. I also had a Windows PC, a 386 with a dot matrix printer which ran […]

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Posted by Steve
3 years ago

Zillow and Trulia Remain Irrelevant in Austin Real Estate Market

Real Estate Listing Syndication Austin

Both Zillow.com and Trulia.com could vanish tomorrow, completely – websites crash and stay down forever – ¬†and it would make ZERO difference, at all, in the successful sale of any home in Austin TX, or elsewhere in the U.S. Period. There is no hardship or selling disadvantage created for sellers or their listing agents if […]

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Posted by Steve
3 years ago

Austin Real Estate Predictions for 2015

Austin home sales 2005-2014

What will the real estate market in Austin do for 2015? Most likely, more of the same. More of what we saw in 2013 and 2014 Spring/Summer selling seasons, which was strong price increases caused by limited supply and increasing demand. Especially in the central core areas of Austin but not limited to just those […]

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Posted by Steve
3 years ago

And just like that, we’re moving again

moving boxes Austin

Have you ever woken up on a Friday morning with no intention of moving and by 5PM that day have submitted an offer on a home? That’s what Sylvia and I recently did, and it’s not the first time. We really thought our current place in Westlake would be our “forever” retirement home. We’ve slowly […]

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Posted by Steve
4 years ago