All Forum Posts by: Prash Manohar

Hi all,

I am looking at a duplex in Seguin at jefferson community. It seems to be a good cash flow for a 10/1 ARM loan and can generate more if interest rates drop. Each unit asking rent is 1500/month. I wanted to know if anyone familiar with the Seguin area can comment on growth prospects and rental demand in this area?

@Bryan Noth why would anyone invest in Austin then? if for some reason homes hit 1 million, Property tax bill hits 15-30K, how does one make money?

Also I did protest btw but not sure how much it would help me?

Hi All,

This question might have been asked before. I bought my rental property in 2021 and was saved by homestead tax (previous owner had it) so ended up cash flow positive for 2021. However now for 2022, HS is no longer applicable (which is not a surprise) but honestly i didn't expect a 60% appraisal. I am expecting my property tax bill to double from last year and this would make me CF negative for 2022. I am looking for some guidance here on how to mitigate this in longer term? I understand one way is to increase rents which I will later this year but my worry is if Austin home prices continue to appreciate, mortgage rates are sky high, inflation is crappy, property taxes go up, what else can i do other than raising rents?

Thanks

haha, cant complain about last year's performance. Just stating if this can be sustained in years to come..:)

@Aaron Gordy

thanks, yeah my worry is too much dependency on 1 company . I do see many homes planned to be constructed but not much along the lines of restaurants, groceries, entertainment centers, home depot etc etc that make the area more livable. Still a bummer for the area unlike much of North and central Austin...

Looking to get some info on future prospects of SE Austin in 78617/78725 zip codes. Bought a SFH last year and has appreciated by >100K thanks to Tesla. Do locals believe there is further upside here now that Tesla Giga is fully open?

when you say this year you mean for the year 2021?

Hi All, thanks for the feedback, I realized that more than leasing fee a PM company should be really top notch in other services - such as handling tenants , sense of urgency in times of repairs, ability to interview/vet tenants, above all ability to lower operational costs, have a good network of vendors/contractors who can fix repairs for lower costs, who can ping point whether a issue was caused by tenant or not. Any suggestions in Austin please?..I found key renter, 1836 property management, stone oak management ..etc

@Jay Hinrichs what was your thought process when you bought in Palo Alto? obviously tech scene was non existent,did you buy for Stanford proximity ?