Austin Apartment Rents Soar!

According to a recent article in the Austin American Statesman the rents for Austin apartments increased 50% from 2004 to 2013. For those of us who are residential landlords holding signle family dwellings this also good news because what happens with apartments also happens to a large degree with rent houses. The article went on to state that supply is not and will not keep up with demand citing the environmental rules, slow building approval process, and the many homeonwer associations that fear their neighborhoods are being overrun by apartments. The occupancy rate is reported at 97% which means that rental housing is very tight. With this kind of raw data it makes sense to own and hold a rent house or two in the Austin area. To learn how to do this and to see a “real example” of a successful area investor go to our webpage www.alpsmgmt.com and read “Real Wealth from Real Estate”. You will be glad you did!