All Forum Posts by: Robby Sanchez

Thank you, I do hope all this plays out. I worry that Austin's prices have - even with the slowdown - gotten to the point that people are asking: "Why am I paying this much to live here? Traffic is a zoo. The summers are red hot. Austin's got California prices without the California weather, attractions and infrastructure".

I've been paying close attention to the Austin area and I don't mean to be a downer but some of this news is not well known:

Samsung not exactly setting Taylor Texas on fire:
https://www.reuters.com/technology/samsung-delays-taking-del...

Austin ranks as the 5th city with the highest number of people leaving:https://cbsaustin.com/news/local/austin-ranks-5th-among-us-c...

Ghost unfinished communities: https://www.reddit.com/r/Austin/comments/1gvr5ex/ghost_neigh...

Thank you, I do hope all this plays out. I worry that Austin's prices have - even with the slowdown - gotten to the point that people are asking: "Why am I paying this much to live here? Traffic is a zoo. The summers are red hot. Austin's got California prices without the California weather, attractions and infrastructure".

I've been paying close attention to the Austin area and I don't mean to be a downer but some of this news is not well known:

Samsung not exactly setting Taylor Texas on fire:
https://www.reuters.com/technology/samsung-delays-taking-del...

Austin ranks as the 5th city with the highest number of people leaving:https://cbsaustin.com/news/local/austin-ranks-5th-among-us-c...

Ghost unfinished communities: https://www.reddit.com/r/Austin/comments/1gvr5ex/ghost_neigh...

Austin metro keeps expanding. Jarrell is planning on a population surge of 50,000 new folks. Jarrell is on the north side of Georgetown and within the very fast growing Williamson County. That shows the growth patterns of the metro. Very interesting!!!

I'm trying to logically, carefully map out my decision around whether or not to sell my rentals in Austin.

1. Austin is now the #1 market for real estate correction after being the steepest climb during COVID: https://www.reddit.com/r/Austin/comments/1bhrm8k/once_americ...

2. Companies are leaving Austin. Whatever math led them to move here, has now been reversed and my thinking is that they will have had high powered actuaries et al behind their decision to leave. led them to decide to leave, are going to be the same ones that prevent the appreciation or demand for my rentals in Austin, to stay at a healthy level.

https://www.mysanantonio.com/business/article/austin-loses-t...

https://finance.yahoo.com/news/meta-leaving-austin-office-gu...

3. Airlines are cutting routes and plans due to lack of demand in Austin: https://www.statesman.com/story/business/2024/09/17/american...

4. My rentals will thrive only with a return to the office. I believe WFH is a concept which was long overdue and whose time has come and I do accept my losses. Dell tried to enforce RTO pretty strongly but seems to have failed: https://finance.yahoo.com/news/nearly-half-dell-full-time-21...

Dell employees seem to have called their bluff and dug in their heels and won - they are - at least for now - WFH

There are other factors but above are the top 4. With this background, my questions are:

1. Will Austin real estate ever come back? Not to the highs that it had earlier reached in the bubble, but at least to the point that a new well-priced, high quality listing gets SOME interest (say 10 calls and 4 showings within a month) as opposed to being on the market for 80-100-120 days with no calls? If you think it will never come back, why not? If you think it will come back, why and when?

2. Do you think Austin real estate will come back when rates go down? Or has Austin lost it's charm and verve and energy to the point that even if rates come down, people are less likely to move to Austin or invest in this city?

3. If you are a *non-full priced* real estate agent in the Austin area and are interested in my business selling my multiple rentals in the next few days, please send me a message

Thank you

Hello,

I am new member from Austin,TX looking in to invest in commercial real estate and looking to network and understand commercial real estate scene in Austin.  I am on a visa and am interested to find out how much I can afford and use it as guidance on type of commercial property to research in to as this would also be my first investment.

Thanks
Mallik

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Hello everyone,

I’m reaching out to this forum because I’m looking for the right financial partner to join me in scaling a proven and successful business in the real estate rental industry.

For the past 7 years, I’ve been actively involved in the home rental market. My journey began with smaller properties, and over time, I’ve successfully grown my portfolio to include an apartment complex and several multi-family homes. These properties are fully operational, generating steady cash flow, and managed efficiently to maximize returns while maintaining tenant satisfaction.

Now, I’m ready to take the next step: scaling the business to acquire larger complexes, expand into new markets, and diversify the portfolio further.

@Robby Sanchez Calling property managers who know the market(s) that you're looking in will produce the best results.  Keep in mind that a rule of thumb is simply a rule of thumb.  It doesn't mean that every property will fit that rule of thumb.  Too many people get caught up in this thought when they underwrite deals.  Also make sure that you're using 
"per unit" numbers for your rules of thumb because this is much more accurate than simply looking at the expenses as a percentage of the property's income.