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        <title>JBGoodwin REALTORS® - Austin &amp; San Antonio Real Estate Blog</title>
        <link>https://www.jbgoodwin.com/blog/tags/austin-real-estate-market/</link>
        <description>Stay up to date on the latest Austin, San Antonio, and Central Texas real estate trends with JBGoodwin's real estate blog.</description>
<item>
    <guid>https://www.jbgoodwin.com/blog/austin-leasing-and-rental-statistics-august-2017.html</guid>
    <link>https://www.jbgoodwin.com/blog/austin-leasing-and-rental-statistics-august-2017.html</link>
        <author>macastro@jbgoodwin.com (Mary Ann Castro)</author>
        <title>Austin Leasing And Rental Statistics - August 2017</title>
    <description> <![CDATA[ 
Here's a look into Austin's leasing and rental market for the month of August 2017. Highlights include:




The median price for a single-family home is $1,750 per month or $1.15 per square foot


Total leases are up 7 since August 2016


JB Goodwin rentals spend 4 days less on the market





 ]]> </description>
    <pubDate>Wed, 09 Aug 2017 14:35:00 -0500</pubDate>
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    <guid>https://www.jbgoodwin.com/blog/4-tips-to-becoming-a-successful-landlord-in-austin.html</guid>
    <link>https://www.jbgoodwin.com/blog/4-tips-to-becoming-a-successful-landlord-in-austin.html</link>
        <title>4 Tips To Becoming A Successful Landlord In Austin</title>
    <description> <![CDATA[ 

For somewhere to qualify as a lucrative place for homeowners to lease out their properties, the city should offer several traits. The most optimal locations tend to be areas popular to young families, and where local universities consistently attract students to the area.


With those factors in mind, Austin is a great city for taking the plunge into your landlord business. With many young families moving to the area, and the thriving campuses of Austin Community College and The University of Texas at Austin, local property managers have a long future of business to look forward to.


But becoming a landlord is not usually a get-rich-quick scheme. There is a lot that goes into being a successful property manager, especially at the beginning when you’re overcoming the industry learning curves. As you learn the ropes, here are some valuable tips to help you get on your feet:


1. Know The Information That Should Go Into A Lease


This point could be a blog of its own. The lease agreement can be an enormous legal and managerial help for running your business as an Austin landlord. The first thing you should know is that your lease is not a document you should try to write on your own.


Hiring a skilled Austin attorney will ensure that the language of your lease is understandable to your future tenants and that the agreement you’re asking for fulfills all the legal parameters of local, state, and federal leasing laws. If you prefer not to hire an attorney, standard leases can also be downloaded from NOLO.


Remember, the more specific the contents of your lease, the more helpful it will be for enforcing the laws of your agreement. Include specific dates, rules, dollar amounts, and what a security deposit can be used to clean up in the case that a tenant in any way damages your home.


2. Learn How To Screen Tenants


Effective tenant screening is not limited to a credit check. Some very reliable tenants have poor credit scores because they are young, which means that having alternative screening methods can help you find someone who will treat your property with respect.


Prior or current employment references are a good place to start. There are few people who can give a more honest assessment of someone’s reliability than that person’s boss. If a manager is not singing the praises of your prospective tenant, that’s a strong sign that that person may not be a good fit for your home.


You may choose to secure your first tenant from people within your community. It’s hard to know who among your work colleagues, church friends, or social acquaintances has need of a new place to live. Start by spreading the word.


Be careful: If you choose to find a tenant among people you know, then make sure that there are clear professional lines drawn from the beginning. Do not let your previous relationship with the tenant distract from the fact that he or she is now your customer. Collect a deposit. Make sure they sign a lease. These are simple steps for keeping you safe.


3. Know What Your Home Is Worth


Don’t feel insecure about asking how much to charge for leasing out your home. What am I worth? What is my home worth? These can be hard to determine, especially if you’re entering this market for the first time.


Do your research. The best investigation begins with people you know in the business. If your cousin or coworker has a rental property or two, then start a conversation to find out how they determine what to charge. Also, speaking to someone who works every day in the Austin real estate market can be another helpful way to go: Have you heard of JB Goodwin?  


Lease prices change, especially in cities where home appreciations climb as quickly as they do in Austin. Before a lease ends, consult with real estate professionals about your prices so that you know if your home is still competitive and awarding you its top potential dollar.


4. Determine If The Landlord Profession Is Right For You


Home leasing is not for everyone. Property investors who want a hands-off experience may not prefer having the responsibility of other people living in their home. The best way to consider property management is to realize that it is a business. The service your business provides is that of maintaining roof over the head of your customer.


To some, there is no business more enjoyable than leasing their property. A landlord gets to collect a semi-passive income month to month, and enjoys the luxury of knowing that their home is substantially improving the life of another person or family.


If this sounds like the life for you, we think there is no better place to lease your first home than Austin, Texas. Good luck


JB Goodwin is a real estate company serving families in the San Antonio and Austin area. Whether you are looking for a home to buy or an apartment to lease, our agents will help find the location that's right for you. Let us know how we can help today
 ]]> </description>
    <pubDate>Fri, 04 Aug 2017 10:54:00 -0500</pubDate>
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    <guid>https://www.jbgoodwin.com/blog/austin-real-estate-sold-stats-june-2017.html</guid>
    <link>https://www.jbgoodwin.com/blog/austin-real-estate-sold-stats-june-2017.html</link>
        <author>macastro@jbgoodwin.com (Mary Ann Castro)</author>
        <title>Austin Real Estate Sold Stats - June 2017</title>
    <description> <![CDATA[ 
Take a look at Austin's real estate MLS® sold data for the month of June 2017 below.


Highlights include:




Housing inventory was up 20 from last year


There was a 4 increase in demand for Austin homes since June 2016


Total of 16,222 homes have been sold in 2017





 ]]> </description>
    <pubDate>Thu, 27 Jul 2017 12:17:00 -0500</pubDate>
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<item>
    <guid>https://www.jbgoodwin.com/blog/how-austins-housing-market-compares-to-living-in-the-northeast.html</guid>
    <link>https://www.jbgoodwin.com/blog/how-austins-housing-market-compares-to-living-in-the-northeast.html</link>
        <title>How Austin's Housing Market Compares To Living In The Northeast</title>
    <description> <![CDATA[ 

Have you ever wondered how Austin real estate costs compare to other major cities across the U.S.? We were curious too.


Austin’s delicious food, prolific creativity, booming industries, and vast outdoors are no national secret. More families are won over by our awesome city every single day. But these aren’t the only features that qualify a town to be the next place a family calls home. One of the most important factors behind any move is affordability.


Cost of living considers many income and expense variables. Before moving, it’s worth looking into the average rental cost, grocery bills, and median incomes of that city. Since JB Goodwin is a team of expert real estate agents, we decided that crafting a blog series that compares Austin’s cost of living is a helpful tool for families who know they love Austin, but who also want to preview other major city option across our great country. This post can help you know what your budget can handle.


We'll admit it, we’re a little biased about the benefits of owning a home in Austin. We live here, after all. And we can’t seem to help ourselves from talking up the incentives of our own home. With that confessed, we also promise to not let our city pride get in the way of bragging about other regions of the United States.


This post is part 1 of our 4-part series that compares region-by-region housing costs across the U.S. We begin our series with some of the most famous cities in the Northeast. All of the numbers we include can be found at bestplaces.net.


Sit back, relax, and enjoy our comparisons:


Cities More Affordable Than Austin


Cost Of Living In Philadelphia, PA vs. Austin, TX


If you move to Philadelphia, try not to spend all your extra cash on cheesesteaks. Philadelphia’s real estate costs are on average 57 cheaper than in Austin. Bestplaces.net said that “Housing is the biggest factor for the cost of living difference,” and based on the chart they provided, we agree. That’s because regarding other expenses such as food, transportation, and utilities, Austin shows more affordable numbers.





Cost Of Living In Baltimore, MD vs. Austin, TX


Like Philadelphia, Baltimore proved lower average real estate costs than Austin. Comparisons reflected that Austin’s real estate is about 60 more costly than in Baltimore. Of course, Austin has some low-expenses going for it. Food and utilities are not only cheaper in Austin, but they also happen to fall below the national average. It’s nice to know that we eat well, and on a budget.


We guess the east coast has some cost-incentives in their back pocket. Order some crab-cakes if you pay a visit, but never forget the rich, savory taste of Texas BBQ.


 


Cities More Expensive Than Austin


Cost Of Living In New York, NY vs. Austin, TX


It’s a concrete jungle – and an expensive one, we might add.


New York and Austin proved the most substantial real estate cost difference on our list. The numbers were stunning, even when you consider the fact that we knew Austin was cheaper than NYC to begin with. Bestplaces.net says, “Housing is 94 more expensive in New York”.


With those sort of housing numbers, it probably isn’t too big a surprise to find out that in every category Austin proved the more affordable place to live.


 


Cost Of Living In Boston, MA vs. Austin, TX


We looked at Boston. It turns out, their housing market is 66 more expensive than it is here in Austin. Moreso, Austin was less expensive than Boston in every category. When it comes to real estate, groceries, or healthcare, Austin is the more cost-friendly place to call home.


They may have resplendent colors to show off in the fall, but Austin shows off its livability through affordable housing.





Cost Of Living In Washington, D.C. vs. Austin, TX


For the final Northeast comparison round: National Capital vs Texas Capital. We compared the real estate costs in Washington D.C. to those in Austin. It turns out that D.C. is 70 more expensive than houses here in Austin.


Just like New York and Boston, D.C. is across-the-board more expensive than Austin. Perhaps those high numbers are how they afford their free museums – but we doubt it.


 


If there is a city in the Northeast that you didn’t find on our list, feel free to make comparisons on your own by visiting bestplaces.net and crunching some numbers for yourself. Keep an eye out for the next three blogs. We are going to compare cities from all 4 corners of the U.S. by the time we’ve concluded.


If you are shopping for a house in The Greater Austin area, make sure you reach out to a JB Goodwin agent today. We will work closely with you to find the home that best fulfills the needs of your family. We look forward to helping you
 ]]> </description>
    <pubDate>Thu, 20 Jul 2017 07:14:00 -0500</pubDate>
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    <guid>https://www.jbgoodwin.com/blog/austin-leasing-and-rental-statistics-july-2017.html</guid>
    <link>https://www.jbgoodwin.com/blog/austin-leasing-and-rental-statistics-july-2017.html</link>
        <author>macastro@jbgoodwin.com (Mary Ann Castro)</author>
        <title>Austin Leasing And Rental Statistics - July 2017</title>
    <description> <![CDATA[ 
Here's a look into Austin's leasing and rental market for the month of July 2017. Highlights include:




JB Goodwin rentals spend 4 days less on the market


The median price for a single-family home is $1,700 per month or $1.15 per square foot


Total leases are up 8 since July 2016





 ]]> </description>
    <pubDate>Fri, 07 Jul 2017 07:38:00 -0500</pubDate>
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