All Forum Posts by: Ryan Kelly

Great job @Devin Dang! Is this in north or northeast Austin? I toured a home last year that looked a lot like this one and just curious if it's the same house :)

Good luck finding almost any market above 1%, let alone 2%. Plus, they will typically be low appreciation, low population growth markets. You are correct, most larger markets are seeing closer to 1/2 of 1% rent to purchase price ratios. 

I like a minimum of $10,000 or more per property. Capex can catch up fast, so I want enough to handle a big replacement like an HVAC system or room remodel.

Most likely you need the dryer vent cleaned out. If it is a newer dryer, it may have a sensor that will shut off the machine if there isn't enough airflow in the dryer vent because of lint buildup.

I don't want leases longer than one year unless there is a rent escalation clause. Longer leases typically benefit the tenants more than landlords. 

Prices won't come down whether we make it in the USA or overseas. Inflation, not manufacturing, drives long-term costs. The Federal Reserve is very open stating they have a 2% annual inflation target. What does this mean? It means they are comfortable having things inflate by 2% in cost each year. What causes inflation? Money printing and the devaluation of the dollar over time. Don't expect the overall cost of things to get cheaper over time. Some will through technological advances, but overall costs will steadily go up. 

Our goal is to invest our savings in a way that helps us beat inflation. That's the game. 

Round Rock west is highly desirable with good public schools. Neighborhoods like Avery Ranch, Brushy Creek, and Davis Springs are well sought after and are also favorites for some international communities. West Round Rock is also closest to Austin and the tech company corridor along 183 and Parmer Lane toward the Domain. There is nothing wrong with Leander or Round Rock East, they are just farther from the city centers and are more concentrated with new home builders because that's where the current land is. 

I'm happy to connect you to a few great property managers here in Austin. Just shoot me a DM and we'll connect.

We've actually seen our property tax bills going down a bit the past few years in Austin as the assessed values come back down to earth. As others have said, it's the insurance side that has risen faster than rents. We switched all our properties to new policies in 2024 and saved over $6,000 a year. 

Hate them and the remotes are very difficult to replace. An old school wall switch is the way to go.