1836 Property Management is a premium full-service property management partner that provides real estate investors and property owners across Austin, Texas with real-time, data-driven insights for effective investment decision-making.
With a human-centric approach, the 1836 Property Management team offers expert services that include locating a property that fits clients’ investment goals, analyzing the return and expenses, and leasing and maintaining the property.
“Most property management companies still run on sticky notes or checklists. We are changing the game by giving clients expert advice and data-driven recommendations to help them achieve their financial goals,” says Matt Leschber, founder and broker at 1836 Property Management.
1836 Property Management has internally developed an integrated software solution, REI Monitor, which connects directly to the Buildium property management software. It collects rental property data and allows clients to monitor the performance of their investment property in real time. REI Monitor is one of the very few systems in the market that comes with an open API that enables this direct connection.
The performance tracking solution uses the client’s property data, such as monthly rental income, maintenance expenses, and principal and interest payments, to provide insights into return on equity (ROE), cash-on-cash return, and capitalization rates. REI Monitor automatically imports the income and expenses and plots the property’s performance.
1836 Property Management follows a step-by-step client engagement process, which begins with collecting data. Most of the client’s property data, such as sale price, purchase date, or mortgage start date, can be retrieved from public records like MLS (multiple listing service). The 1836 Property Management team may also request clients to provide these details to ensure data accuracy and provide real-time feedback. The company benchmarks the performance of clients’ properties against around 800 properties in Austin. Clients can evaluate how their investment property is performing in context. 1836 Property Management prides itself on these evaluation metrics, which no other service provider in Austin offers.
In one instance, 1836 Property Management helped a homeowner make a better financial decision concerning their vacant property. The client’s mother had to move from the house to an assisted living facility, and was in a dilemma about whether to rent the property or sell it. The team determined that renting it out was more profitable for them and managed the house for 10 years. The client used the rental income to pay for the assisted living facility. In addition, the property more than doubled in value over the years, enabling the client to realize a large profit when they sold it.
Most property management companies still run on sticky notes or checklists. We are changing the game by giving clients expert advice and data-driven recommendations to help them achieve their financial goals
Staying true to its core values of being open and transparent, the 1836 Property Management team paints an accurate picture of investments for clients amidst market inflation. It uncovers accurate market prices for their properties and the cost to manage them versus returns.
Backed by an expert team offering high-quality services, 1836 Property Management fosters a positive work culture, ingrained with an entrepreneurial operating system––a set of simple, practical, real-world tools touted by the book, Traction: Get a Grip on Your Business.
Steering ahead, 1836 Property Management will strengthen its focus on transparency in customer interactivity. The company also plans to heavily invest in its software and ramp up its capabilities.
With a singular focus on the Austin real estate market since 2007, 1836 Property Management has built strong connections in the local community to meet and surpass client expectations.