Management Tips for Investment Property
Helpful property management tips:
- Document all communication with your tenants! Follow up all phone calls with some kind of written communication confirming actions to be taken or decisions made. Keep copies of all signed notices that were delivered. It's even a good idea to take pictures when posting notices on doors. In the unfortunate case that you needed to file an eviction or were faced with a dispute from fair housing, this documentation will be crucial.
- Venmo is a popular app that allows you to offer electronic and credit card payments of rent to your tenants. It's free to receive money and free to send as long as money is transferred straight from their bank account. They change the sender a fee to use credit cards.
- Keep a rent ledger and document exactly when and how rent was paid each month. This will provide evidence if you ever needed to evict a tenant based on frequent late rent payments. It may also be requested by potential buyers if you list the property for sale.
- We developed an online repair request form to help track these requests. This can be easily done with the Forms app in Google Docs and provides some instant and automated tracking.
- When you're ready to make-ready your property for releasing, please contact us for advice and recommendations on making popular and cost-effective choices. We can even recommend contractors too.
- To prolong the life of your HVAC systems, provide the correct size air filters to tenants and ask that they are changed frequently. We also created an addendum that you can have your tenants signing making them agree to this.
- Lastly, we can provide you a Google Docs folder containing many of the forms you may need. Blank Property Management Forms. Included in this folder are the following forms:
- Late Notice or other lease breach - this is to be used to give notice of late rent payment or any breach of lease.
- Notice to tenants of change in ownership or management - provide a copy to the tenants anytime that ownership or management of the property changes.
- Notice terminating right of occupancy - to be given anytime it is determined tenants' lease will be terminated.
- Notice of landlord's intent NOT to renew lease - to let tenant know that they will not be granted a lease renewal.
- Lease
- Pet Agreement
- Lease extension or renewal
- Lease amendment regarding tenant change - use when adding or removing someone from a lease.
- Rodent Control Recommendations
Real Estate Investing Austin
There is a growing interest in real estate investment within Austin, Texas. Property values in this area are good relative to the national market, which attracts many new people to the area. The growing interest in the area is apparent by the presence of prominent employers and good schools with qualified teachers.
The pleasant family environment also contributes to the value of the property, and there are many places where families can enjoy recreation, outdoor fun and leisure time. These local amenities are a major feature of each listing that appears many of our local neighborhood pages. Timing is also an important factor when evaluating multi-family investments Austin. Buying at the right moment can allow the investor to get a high rate of return as the area increases in value.
Duplexes for Sale in Austin, TX
The listings information should include all of the relevant information necessary to decide on a fine Austin duplex for sale. This includes the status of the property, the location, and the size. Some of the best deals on properties can be found right on this site or through our blog posts, and the ability to generate income from these investments is substantial.
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Austin Investment Property
Click the links below to sort results by price range.
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Under $100,000
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$100,000 - $200,000
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$200,000 - $300,000
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$400,000 - $500,000
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$500,000 - $600,000
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Over $1,000,000
Residential
$19,500,000
1404 Rockcliff Road, Austin
7
Beds
8
Baths
10,632 SqFt
MLS® # 9745748
Kuper Sotheby's Int'l Realty
Residential
$16,960,000
13330 Shore Vista Drive, Austin
5
Beds
8
Baths
8,223 SqFt
MLS® # 7056653
Kuper Sotheby's Int'l Realty
Residential
$16,850,000
↓ $300,000
4009 Rivercrest Drive, Austin
4
Beds
5
Baths
4,602 SqFt
MLS® # 6239088
Moreland Properties
Residential
$15,900,000
↓ $1,900,000
1700 Lakeshore Drive, Austin
4
Beds
4
Baths
3,968 SqFt
MLS® # 2860054
Keller Williams Realty
Residential
$14,950,000
↓ $1,045,000
12400 Cedar Street, Austin
6
Beds
13
Baths
15,394 SqFt
MLS® # 4277787
Compass RE Texas, LLC
Residential
$12,900,000
3710 Meadowbank Drive, Austin
5
Beds
6
Baths
6,414 SqFt
MLS® # 5142453
Kuper Sotheby's Int'l Realty
Residential
$12,750,000
↓ $949,999
14132 Flat Top Ranch Road, Austin
6
Beds
9
Baths
12,443 SqFt
MLS® # 1313549
Moreland Properties
Residential
$11,950,000
↓ $800,000
13414 Shore Vista Drive, Austin
6
Beds
6
Baths
8,846 SqFt
MLS® # 4047676
Moreland Properties
Residential
$11,495,000
3614 Murillo Circle, Austin
6
Beds
9
Baths
10,486 SqFt
MLS® # 4603547
Kuper Sotheby's Int'l Realty
Residential
$9,999,999
↓ $250,001
5301 Scenic View Drive, Austin
5
Beds
8
Baths
8,026 SqFt
MLS® # 9065004
Engel & Volkers Austin
Residential
$9,995,000
1905 Halam Drive, Austin
7
Beds
9
Baths
8,127 SqFt
MLS® # 6582317
Compass RE Texas, LLC
Residential
$9,950,000
↓ $2,040,000
200 Congress Avenue 50t, Austin
3
Beds
5
Baths
5,050 SqFt
MLS® # 8587320
Kuper Sotheby's Int'l Realty
Invest in Austin Real Estate
Investing in real estate is an exciting endeavor, and we provide quick and easy access to various types of properties. Visitors can easily find a large quantity of information about any multi-family unit or a duplex for sale in Austin TX, for example. The projection of value in a given area is determined by many factors, and the buyer will have to navigate many complicated issues to arrive at an informed decision about the prospective future value of the property.
This includes zoning ordinances, financing options, local amenities, employer presence, and other locally-based factors. There are many types of benefits that come with investing in real estate in this area. This is true for individuals looking for a source of rental income, but it is also applicable to buyers who intend to relocate to this rapidly growing region.
Real Estate Investing
Duplexes make exciting rental opportunities that can produce a monthly flow of cash. And we LOVE duplexes. This is an opportunity for both new and experienced real estate investors. The conditions in this area are remarkably favorable to new buyers who are interested in getting a glimpse of what is possible in the real estate market. The condition and location of the property are always important factors to consider, but this might not always apply.
For example, some investors are looking for properties that are selling at the lowest possible price. These investors might be interested in fixing up the property and selling it for a profit. This is why this site displays a wide range of listings. Visitors can quickly browse through a large inventory of properties to locate the specific one that will meet their needs.
A wide range of listings and locations can be viewed instantly. Searching for a variety of investment vehicles helps investors to learn how to take advantage of the unique real estate investments and opportunities in Texas. Austin investment real estate deals open the door to future opportunities. For example, some investors decide to start with a duplex for sale Austin TX before upgrading later to a larger multi-family unit. The process of upgrading can be slow or rapid, and this depends on the preference of the buyer as well as the availability of a suitable property.