For the 10 year period spanning January 2015-2025, single-family prices in Austin rose 78%.I’m happy to report that I’m now sharing leasing stats in my monthly updates.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Did you happen to listen to a podcast or go to a seminar that’s leading you down a stupid path?

I am looking to refinance in the near term either when rates drop to the 6.5% range into a conventional 30 year mortgage or as quickly as I am able into a first lien HELOC to be able to park paychecks into the mortgage and save a significant amount on interest or so it seems.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I like having my depreciation expenses being available against just my highest taxes every year rather than use too much in year one.

Fast forward to now, 10 years since we bought our first rental.

Around 2 to 4 inches for two back-to-back storms. 

Plus. they have been consistent and "on time" with payments for 5 years now.

I am not sure if I should stay local to my market.