Posts Tagged ‘rental trends’


With the passing of summer and going in to the Fall, buyer activity tends to slow down (as is seasonal).   School has started and many buyers who wanted to get in a home have settled down.

If you are a duplex buyer, this could mean a better time to buy:  there could be less competition and more motivated sellers (who missed the summer boat).  Typically there are less buyers in the September through December time periods.  Less buyers mean less chance for multiple offers and competition.  If you are looking to owner occupy  a duplex with one side vacant, a seller may be more flexible to get the property sold and avoid any prolonged vacancy.  Always find out how long a property has been on the market.

If you are an investor, keep in mind filling a vacancy may be harder going into the October through December time periods.  That does not mean there are no renters, just fewer are out there.  It may be advantageous to drop rent a little to fill the vacancy.  Consider allowing a 4 to 6 month lease to pull out of the Fall and Winter months.   Shorter term leases, by the way, can sometimes charge a premium rent and fill a niche in the market.

So, some good deals are out there if the timing fits your needs in the Fall!

Thanks for reading.


Hong and Dianne Lee

DuplexDianne.com Team


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While helping a client look at duplexes in north Austin to buy, we viewed several duplexes off of Well Branch, Duval Rd, and Parmer Lane area.  One of them had a long-term tenant of over four years.  While it is great that the tenant has been there a long time and has no plans to move-out, consider the below market ent rate.  It was renting for $775 for a 2 bed/2 bath/1 garage. 


Market rents are $850+ now.  It appears the owner or property management company failed to try keeping the rents close to market.  Rents have increased in Austin for the last 4 years or so, and this location is no exception.  By not increasing rents, even a small bit each year, it becomes doubly or even more difficult to increase rents with the passage of more time. 


There could be some underlying reasons for the lower rent rate, such as repairs needed or lack of maintenance.  Sometimes, a friend or relative of the owner may be given a reduced rent rate lease.  That is the owner has given a “special deal”.  The reduced rent can be more detrimental than many landlords think, not just monetarily but also reduce the appeal of the property when for sale.


While each case is unique, I would recommend trying to raise rents every year after evaluating the market conditions, the property and the tenant’s desires. 


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