Single Family Rents Are Accelerating
Being a rental property owner in Texas over the last several years has been both good and bad. Home values have been strong in most of the major metros, especially Austin. However, rents have not been growing at the same pace.
That means your net worth is increasing on paper each year, but until you sell that asset, you're likely putting less money in the bank due to property taxes and other expenses rising faster than rents.
CoreLogic, one of the largest real estate data providers, just releases their November 2019 single family rent index.
Austin, Dallas and Houston all had positive rent growth at this time last year. The rate of growth increasing substantially in Austin and Houston, while essentially remaining flat in Dallas.