Tuesday, April 6, 2010

Austin Rental Rates Increase

The numbers are out for the first quarter for the top 10 spots in the nation that have experienced rent rate increases. Austin is No. 7 on the list. While this not good news for those that lease, such as our large student population, it is good news for existing landlords and those looking to invest in Austin. Read the article from the Austin Business Journal. I would have to caution my seller’s that this does not mean they can raise their asking price, it is only a 1% increase. Below is just one of my properties that I lease for my investor clients and it stays leased and seldom does the owner concede on the rental rate.