Austin is #1

In a recent article quoting a study by ValuePenguin Austin, Texas was ranked as the number one family place to live out of the 156 cities studied in the survey.  It also scored number 3 in the areas of education and the environment.  As for working parents, Austin ranked number 10 in large part because of our thriving economy and low divorce rate.

Although house prices are rising, they still can produce good cash flow especially when the tax advantages are taking into consideration along with the strong rents in our area.

Just more reasons to own residential income property in the Austin area.

Rick Ebert / Austin, Texas / 9 Feb 16

Texas Style

This past Thursday Mike was the host for Texas Style, the annual winter meeting of the Texas members of the National Association of Residential Property Managers. This day was the result of a lot of hard work and effort that Mike spearheaded and the result was a fantastic industry program with 153 in attendance. Congratulations Mike!

Mike 2

Rick Ebert/ Austin, TX/ 8 Feb 16

Texas Doesn’t Need Oil to Stay Robust in 2016…

…We have California & New York!

According to a recent column in the Dallas Morning News Texas will fare pretty darn good in 2016 even with the oil slump.  How so you ask.  As the article went on to state, since 1990 Texas attracted more workers with or without a booming oil industry.  And an interesting side note, these “imported” workers are better educated (doesn’t say much for Texas schools) than most Texas workers, so they command a higher wage and elevate the workforce.  Dallas and Austin added jobs twice the national rate and both cities do not depend on the oil industry for their economic success.  Although home prices have been rising quickly in both cities, both cities have affordable homes when compared to California and New York.  In both Dallas and Austin the cost of a median priced home is less than 4 times the average salary.  In New York the ratio is almost 6 times and San Jose came in just under 10 times.

With so many people coming to Texas and the Austin area in particular, now is a great time to add to Austin area real estate investments.

 

Rick Ebert / Austin, Texas / 1 Feb 16