Making it a popular investment among real estate investors
new residents move to Austin each day
capital that VCs have invested in 2022
It's a great time to own investment properties in Austin
According to the last estimate by the U.S. Census Bureau, 116 net new residents are moving to the Austin metro every day. Several companies such as Google, Facebook, Amazon, Apple, Oracle, and Tesla have opened up shop in Austin — with the latter two having moved their actual headquarters from California. With the exponential growth, there’s no surprise that there’s a huge demand for housing.
Higher interest rates, more qualified tenants
With the recent interest rate hike, many would-be homebuyers have been kicked out of their price range and are now being forces to rent. What this means for you is that you have a larger pool of qualified tenants to choose from. The demand for rental housing has increased; thus, causing rents to continue going up.
Historically low interest rates, more competition
Thankfully, the real estate market in Austin is normalizing. Homes are no longer going for tens of thousands of dollars over list price in a weekend. In fact, several of my clients are picking up great deals right now. They don't have to bid upwards of 30%+ over list price to win a home like they would have the previous 2 years when interest rates were unprecedentedly low. Take advantage of lower prices now and refinance when interest rates dip.
We help our clients find on and off market properties that align with their goals and negotiate the most favorable pricing and terms for them.
After the successful acquisition of the property, we help our clients get the property ready for the rental market by coordinating repairs and improvements with contractors.
Once the home is ready for the market, it’s time to get the word out to the masses. We market the property for lease utilizing professional photography, video marketing, social media marketing, email marketing, word-of-mouth, marketing to tenants' agents, inputting the property into the MLS, and syndicating to hundreds of real estate websites including the most popular websites such as Zillow, Trulia, and Realtor.com.
As applications start coming in, we screen the tenants by running their credit and background checks, present our clients with the reports, and make recommendations on the most qualified applicant based on what we see in the reports.
Although we're not property managers, we partner with 88 Doors Association Management, a local property management company run by 2 attorneys in town. (It’s always good to have attorneys on your side when dealing with tenants.) They manage the property as well as any issues with the tenants. Our clients can be as hands-on or hands-off as they would like. Most choose just to collect checks.
Although we’re a big proponent of holding real estate (after all, it is the best way to build wealth), sometimes our clients just need to sell. If that time comes, we help with the marketing of the property and negotiate the most favorable pricing and terms for them.
Being a first-time homebuyer was stressful at times, our questions were endless. Michael Mechler was great during our home-buying process! He kept us informed and made this process smooth. He was reliable and available to show us properties in the Buda and Kyle area with short notice. He explained everything to us in detail. He would promptly reply to our texts and emails or call us back within the hour. We lost a house due to multiple offers/a bidding war and were feeling discouraged. He was right there to encourage us to not give up and keep on searching. He lifted our spirits when they were down. Very professional, down-to-earth, and an expert RE...— Jc J.
Michael is truly phenomenal. We began working with him a few years ago thinking we were ready to buy a house, but the funds just weren’t there at the time. Michael checked in with us every now and again until about 6 mo ago when we were finally in a position to take the plunge and buy a house. We are so glad he stuck with us because he was patient, and never minded explaining things to us even when we had a lot of ignorant first-time homebuying type of questions. He was always available and fast to respond to us about everything! He helped us get through this process and made it so smooth! Thank you for your patience and kindness! We were able to bu...— Jenna H.
Mechler was thoroughly supportive throughout our experience as first-time homebuyers. We were unfamiliar with the process, but Mechler was patient, and informative, and helped us navigate the waters successfully. He was available nights and weekends and truly helped us realize our dream in this ultra-competitive market. He helped us avoid pitfalls and guided us through the negotiation process. His calm demeanor made doing business with him enjoyable and reassuring. He has also stayed in touch post-sale to follow up on issues the seller agreed upon. We will refer friends and use Mechler again.— Will L.
Broker Associate | Douglas Elliman Real Estate