Rent by the room property managers in Georgetown TX

Austin, Texas
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Rent by the room property managers in Georgetown TX

Timothy Douglas
Realtor · Austin, TX · Member since 2018 · 154 posts · 82 votes

Do you guys know any rent by the room property managers that would service Georgetown? Also, any duplexes, triplexes, or quadplexes up for sale?

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Ryan KellyBusiness Member
Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
4y

@Cecile Silver as @Devin Dang mentioned, rent-by-the-room works best if they are self-managed so you can control the house rules AND selection of tenants. The farther away you get from the urban core for jobs and entertainment, it could be a bit trickier to get tenants AND a third-party property manager. If the property is in an HOA, I would also pay particular attention to rules around parking and exterior upkeep so you can control those rules with the potential tenants.

[email protected]512-674-5478
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  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    I would connect with @Devin Dang, he has great insight on this 

    1Reply
  • Rob Kishi
    Investor · Oakland CA & Las Vegas NV · Member since 2019 · 72 posts · 112 votes
    4y

    Padsplit.com is a popular one, but not sure if they are active in Georgetown.

    0Reply
  • Devin Dang
    Real Estate Consultant · Austin, TX · Member since 2020 · 95 posts · 88 votes
    4y

    Hey Timothy! Bungalow is one in the austin area but also not sure if they reach all the way up to Georgetown.

    Is this for yourself? I highly recommend self-managing for anyone living in a rent-by-the-room situation to get the landlord experience and usually after the initial set up, its extremely easy if find great tenants. 

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  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    4y
    Quote from @Timothy Douglas:

    Do you guys know any rent by the room property managers that would service Georgetown? Also, any duplexes, triplexes, or quadplexes up for sale?


     Hi Timothy,

    I recommend the major cities in Ohio:

    -Columbus, great for appreciation, pp is a bit higher around $220k for multifamily

    -Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k

    -Cleveland, has alot of cashflow potential, average multifam around $140k

    There are other smaller markets like Dayton, Akron, and Toledo, however there is not alot of economic drivers to those areas.

    Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.

    Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

    0Reply
  • Cecile Silver
    New to Real Estate · TX · Member since 2021 · 7 posts · 0 votes
    4y

    I have a question in regards this. If I may ask, I’m currently buying a property in Buda TX will this city be a good area to have a rent by the room opportunity?   I’m thinking students, single people moving to Austin, etc. 

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  • Ryan KellyBusiness Member
    Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
    4y

    @Cecile Silver as @Devin Dang mentioned, rent-by-the-room works best if they are self-managed so you can control the house rules AND selection of tenants. The farther away you get from the urban core for jobs and entertainment, it could be a bit trickier to get tenants AND a third-party property manager. If the property is in an HOA, I would also pay particular attention to rules around parking and exterior upkeep so you can control those rules with the potential tenants.

    [email protected]512-674-5478
    Ryan Kelly Group - Keller Williams5110 Reviews
    WebsiteView Page
    2Reply
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