Marketing is key to successful rentals. We provide an expert market analysis for each property we manage to maximize your return on investment.
Whether you are a current client or one who is considering Property Connections for Austin property management and brokerage services, we offer comprehensive resources to help you reach your goals. Here we’ve gathered a few basic facts about the Austin area relevant to real estate. Please reach out to us for additional information and analysis that may be helpful.
Austin is located in the Hill Country region of Central Texas, surrounded by lakes and rivers, including the Colorado River. The city is the state capital and the 11th most populated city in the country.
The economy in Austin is as diverse as the city’s residents, earning several well-deserved nicknames including Keep Austin Weird, Live Music Capital of the World, and Silicon Hills. Austin is home to numerous high tech companies including Apple, Amazon, and PayPal. Major industries keeping the Austin economy booming include the technology, biotechnology, and pharmaceutical sectors.
Austin is ranked among the fastest-growing cities in America and has been #1 in population growth for eight years in a row, according to CBS Austin. In fact, about 100 people move to Austin each and every day. In less than 10 years, the population of the Metro Austin area has grown by about 20%.
Austin’s housing demand was unbelievable last year and is looking attractive once again this year. Growing high-tech employment from companies like Apple and Oracle are causing home sales and prices in the Austin real estate market to jump while inventory of available homes for sale in Austin has dropped to levels never seen before due to the steady influx of job creation.
It may come as no surprise that Austin also had the hottest job market in the U.S. last year, according to Inc.com. The publication notes that Apple’s new $1 billion corporate campus designed to hold 15,000 employees is helping to create an influx of technology jobs. Wage growth in Austin was 5% last year, making the market extra appealing for job hunting and relocation. With more business relocations in the pipeline, the real estate market in Austin is predicted to keep outperforming.
In a red-hot real estate market like Austin, it’s no surprise that more people rent than own. According to WalletHub, Austin ranks among the top 45 best cities for renters based on 24 key measures of rental attractiveness and quality of life, including price changes, cost of living, and job availability. Austin’s booming job market, plentiful nightlife options, diverse dining scene and outdoor experiences are some of the reasons why young professionals are flocking to the capital city of Texas.
In the unfortunate event that a tenant needs to be evicted from your rental, we will shield you from the stress and re-rent the property promptly.
"Dear Chuck and to all at Property Connections - 35 years have passed since I asked you to be the property manager for my house in Austin, and I have never been disappointed. Your work ethics are top notch. The tenants you have placed are well-screened and have been a delight to rent to. You have always looked after my investment as though it was your own, which is especially important to me since I never lived in Texas. The time will come, eventually, when I will need to sell my home and I look forward to your expertise to achieve that as well. You are TOP NOTCH. Thank You for 35 great years.""
- Karola Elliot