Are you stuck in a situation where the landlord won't make repairs to your rental home? Check out this Trulia article, where there is a brief quote from yours truly. I'm working on a more expansive article about the specific remedies available in Texas - check back soon!
WELCOME TO HENDRICKS REAL ESTATE
Austin Investment Services & Property Management
Welcome to Hendricks Real Estate. We specialize in 360 degree, end-to-end services for the residential real estate investor in Austin, TX. Regardless of whether you are new to real estate investment and seeking help with what and where to buy, or are a seasoned investor looking for a new property management firm, we are here to help!
We treat each home as if it were one of our own – literally. We all have personal real estate investments, and they are all managed using the same process, tools and vendors as your home would be.
Check out our blog to learn more about our thoughts on the state of the real estate market and other topics of interest to the Austin area investor. After you’ve taken a look around and are comfortable with our knowledge and approach, contact us today for help with:
- Clarifying Investment Goals: are you primarily interested in cash flow or appreciation? Do you need income from an investment today, or is this part of a retirement strategy for 5-10-15 years down the road?
- Financial Modeling: how much cash will it take to acquire a property, and what will your monthly and annual cash flow and ROI look like?
- Finding a Property: where to look in the Austin, TX metro area, what price range, and when is a good time to buy?
- Leasing a Property: already own an investment, and need tenant placement services?
- Property Management: already own an investment, and need a professional property manager to steward your investment?
- Selling a Property: decided the time is right to cash-out?
Property Management Blog
I received an email from one of my tenants last week about cracks developing in their yard, due to the drought. I’m used to seeing some small cracks in yards in Austin, TX, especially this summer. For any of you non-locals, we have been having record heat, 80+ days of triple digit heat, and about a thimble-full of rain. So, when I went to inspect the property on Friday, I was expecting some small cracks in the yard. I was not prepared for what I saw.
This particular house was located in Southeast Austin, not too far from the airport. It’s a part of town that has a lot of clay in the soil. The yard had cracks 3-5″ deep that appeared to go down over a foot. These are good tenants, and I know that they have been watering the lawn (the grass was semi-green; without pretty steady watering, it would have the color and texture of Frosted Flakes…). The lack of moisture had caused the clay in the soil to contract significantly.
I have a crew going out to the house this week to fill in the cracks in the yard, as well as under the concrete flatwork. Doing a cruise of the neighborhood, I saw many other homes with dirt piles in the front yard or driveway, as other homeowners were trying to combat the effects of the drought.
The longer-term issue, outside of a few bucks worth of dirt and labor, is the potential for serious foundation problems. This neighborhood, and others built on clay soil in many parts of Austin, is likely to see houses with foundation problems or cracked slabs at some point in the not distant future, especially considering the climatologists are saying we will be in the drought until 2020… As the clay soil dries out, it contracts. That can cause the whole structure to sink, or, if one side contracts more than the other, the slab can crack. This is why you are supposed to water your foundation.
This house will stay at the top of my inspection list for the next several months, to ensure that major problems are not developing.