How long do tenants stay in Austin, Tx

Question

From your experience and what you’ve heard, how long do tenants typically rent a home in Austin, tx before moving on to a new home?

Also do you do 1 or 2 year leases?

Matt Crusinberry · Answer

@Joshua Dombal, While I am not familiar with the Austin market, I am familiar with figuring out vacancy. This is something that can be easily acquired via "Google," or asking around/contacting the local property managers and realtors in the area. They're going to have the best sense of the market norms. I also agree with what you have done so far, which is asking BP. I do believe there is an Austin TX forum that you also may want to try this question. I wish you the best of luck!

Gray Hall · Answer

@Joshua Dombal ask a couple of PMs in the area to gauge their answers. They should be tracking metrics like these.

Kevin Noell · Answer

Hi @Joshua Dombal, I own a duplex in S Austin that we bought in 2012.  We rented out to the previous owner for a couple of months while they found a new place, and the tenants we got after that had been there for about 7 years! We did keep their rent about $100 under market because they were great tenants.  From my limited experience, picking a good tenant is one of the top things to consider.  We usually try to look for excitement, which means they are likely to treat the place as their own.  We finally got to upgrade the unit a bit and were able to get new tenants in there very quickly.  In my recent visits (to repair 2 broken fan pull switches, weatherstrip the doors, and some other minor repairs) the place already looked very homey, so I know these guys will take care of it.

Just for another quick anecdote, we also own a house in San Antonio, and the tenants have been there 2 years.  We did 2 open houses and picked from that list.  A lot of people didn't show up.  From those who did, since we met them in person, we could get a feel of their excitement for the place and their intentions.  These current tenants are avid cyclists, and they had mentioned that they really valued the centrality.  Since this is something that makes them happy, I knew that the location of the home would be constantly on their mind.  It is also a very ecclectic-looking home, which they had commented on.  So far, they are also great tenants and are really taking care of the place.

Good luck in your search!

Aaron Gordy · Answer

@Joshua Dombal

It varies according to the type of property. If you are talking about houses then its typically a very long time. At one house the tenants have been there for 3 years and they have no intention on moving. I just leased out another of my houses to a tenant that had been in their previous house for 6 years. Longevity and good rental reference won the day on this one. That tenant had marginal credit but was willing to put up two months rent as a deposit. Its a 1 year lease but I am truly hoping that they will be there for 6 + years. I don't have any real stats but anecdotally, house tenants tend to stay put for a very long time.

Joshua Dombal · Answer

Thank you!

How long do tenants stay in Austin, Tx

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