All Forum Posts by: Matthew Doerbaum

76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different. North of Stan Schluter Loop you have older homes and multifamily properties. And south of that street is going to be newer, larger homes, a tier up. 76542 is actually very similar to that general rule as well. 

Killeen will have the most options for you. If you can find a good deal in Harker Heights, those properties typically rent the fastest. 

Killeen certainly has good investment potential. I work as a property manager in the area. Spanning from Copperas Cove to Killeen to Temple. My team and I manage 1,800 units which tells you there's good rental demand. We have access to all the maintenance contractors one might need during tenancy. 

Now appears to be the start of a tipping point where people want to sell, but there aren't many buyers. As any savvy business person knows, when demand is low, prices should be low. I expect there to be excellent deals to be had in our market for those with the ability to buy. Finally, make sure to do your due diligence before purchasing in Killeen. Visit the location and ask questions to a property manager who will give you honest feedback. 

This Killeen/Belton/Temple market definitely has potential for investors. My family has a property management company here that serves 1,800+ units. In the past 3 months, I have been getting calls from several investors interested in apartment complexes. The current owners have extremely low occupancy and are open to selling. However, they are still expecting Covid real estate prices. 

The obvious question you might have is, why the low occupancy? I have 2 factors that I know play into it, but there's always more beneath the surface. First, is poor management. When doing recon at the property before accepting it, we speak to tenants who complain heavily about the property manager. Second, this market is connected to Fort Cavazos. There are rotations that happen every year, where soldiers leave for the next station and then the next batch comes in soon after. But this year it felt like more were outgoing than there were incoming. Which contributes to the higher inventory right now. My contacts say we should be getting a good size incoming rotation soon. 

Hello Keishla,

Glad to see another local from Killeen looking to make connections on bigger pockets. I am with Lone Star Realty and Property Management. We are actively looking to make connections with realtors. It can be a fruitful relationship, as if you have investor clients looking for a trusted property manager, we will pay your a referral fee for sending them our way. 

My personal number is 254-290-5259. The office phone is 254-699-7003. If I am not in the office, feel free to call my cell. 

Hey Steve, 

I am the assistant property manager with Lone Star Realty & Property Management. We are family run and manage 1,800 + units in our immediate area. Good communication with our owners leads into being an honest and reliable company. We have countless owners that have been with us for 10+ years and continue to add new doors and build their portfolio. I would love to talk to you more and answer your questions.