Would you Like to Turn your Rental Into The Next HomeBase?
Our founder, Julie Stoakley, has been Investing in Austin for 15 years and has a specialty on Residential Investing throughout the city. She specializes in Buy & Hold Strategy with a focus on growing wealth steadily over time. Austin is a great appreciation market where this strategy makes sense.
“Julie helped manage the closing, the move-in, and the advertising, and she qualified the first renters. She basically handled everything. I had to do very little, if anything.”
Corporate Rental is high-level furnished housing with a flexible lease of 2-12 months, and includes amenities such as internet and utilities. Tenants are typically business clients, professionals relocating, and people going through transitions such as remodeling.
Who invests in corporate rental? People like Ed Collins.
Ed returned to real estate investment last year after a 20-year hiatus with the goal of buying and selling rental properties he could flip for a profit every two-five years.
I recommended a property that had recently been gutted and renovated, and Ed agreed to it right away. He appreciated its excellent condition, since he wouldn’t have to worry about the hiring process of fixing it up.
If you’re intrigued by the expanding Corporate Rental market, give me a call! I’d be happy to answer your questions and work together to figure out the right path for you.
The property was acquired in 2016 with an original sales price of $245,000. It was one of the very first Corporate Rental homes, and the rent has already been raised from $1,900 to $2,350 in the past three years. The cozy condo is located in central Austin and is close to everywhere. With a detached backyard and a walking nice neighborhood, the tenant can feel like a local in this urban home.
In this case study you can find the comprehensive story about this detached condo that is close to everywhere, has an average 4.5 month lease with flexible lease terms.
Most importantly, get insight into key metrics including: