Hendricks Real Estate
Quick summary
Hendricks Real Estate is a property management company based in Austin, TX. They serve 27 surrounding markets. They manage 677+ units. They have 17+ years of experience.
Company Overview
We specialize in 360 degree, end-to-end services for the residential real estate investor in Central Texas. 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.
Service area map
Area: smoothed merge of ~5 mi buffers (≈2 mi gap close). Dots: each ZIP centroid (darker = primary). Illustrative only. © Mapbox © OpenStreetMap
Certifications
Occupancy Rate
This company has verified the occupancy rate of its actively managed portfolio: occupied units as a share of all actively managed residential units, measured as a current snapshot. Higher verified occupancy earns higher certification tiers.
NARPM Membership
This company is an active member of the National Association of Residential Property Managers (NARPM), engaged in its professional standards and education programs.
Financial Trust
This company has verified that its trust accounts reconcile with its books, confirming proper trust accounting and security deposit handling.
Rent Collection Rate
This company has verified its rent collection rate: the share of rent charged that was actually collected over the last 90 days. Higher verified collection rates earn higher certification tiers.
Speedy Leasing
This company has verified its median days on market for all leases signed in the last 90 days, measured from the day a listing begins marketing to the day the lease is signed. Faster verified leasing earns higher certification tiers.
Customer Reviews & Ratings
Based on 120 reviews
Frequently Asked Questions
How long does it take to rent a home in Austin, TX?
Our typical marketing time is 2-4 weeks. Time of year, type of property, and asking price all have significant influences on marketing time. Our average marketing time (from the day listed to a signed lease) has been 16 days, compared to the Austin MLS average of 24 days. Assuming a rental rate of $2000/mo, those 8 fewer days of marketing time saves you over $500. We lease your home quicker, saving you money!
How do you determine the rental price for my property?
We complete a Comprehensive Market Analysis (CMA) of the rental value of your home before listing. Existing inventory, age of the home, size, number of bedrooms and bathrooms, condition, and schools all have an impact on the rent you can get for your property. We closely monitor traffic and the competition when your home is for lease. If it is vacant and we have not received an application after 2 weeks, we will generally lower the asking price by $50/mo. Let’s look at a hypothetical house that we have listed for $2000/mo. After 2 weeks of vacancy, you have lost $1000 in potential rent. $50/mo less in rent will cost you only $600/year in lost rent. Minimizing vacancy is the key to financial success in rental properties.
How do you screen tenants? What qualifications are you looking for?
Our tenant qualification criteria is posted on our website. In a nutshell, we are checking for 1) income, 2) rental/ownership history, 3) credit history, and 4) criminal record. Occasionally, tenants may be deficient in one area, which may be compensated for with a larger security deposit or co-signer.
How often do you inspect the home?
We have several ways to assess the condition of your home. Our trusted contractors, whom we have been working with for years, are our best eyes and ears. We get reports back on any condition that causes concern when a contractor is in your home. We have 3 routine inspections per year: one for the HVAC system, one for the roof and exterior building envelope, and one for general interior condition. Before a renewal is offered to an existing tenant, we complete an interior and exterior inspection of the property. Condition of the home will have a factor in the renewal process. Lastly, we are always out and about in our market. Exterior drive-bys are completed frequently. The exterior condition is usually a decent indicator of how the interior is being maintained. If we see something that concerns us on the outside, an interior inspection will be completed.
Frequently Asked Questions
How long does it take to rent a home in Austin, TX?
Our typical marketing time is 2-4 weeks. Time of year, type of property, and asking price all have significant influences on marketing time. Our average marketing time (from the day listed to a signed lease) has been 16 days, compared to the Austin MLS average of 24 days. Assuming a rental rate of $2000/mo, those 8 fewer days of marketing time saves you over $500. We lease your home quicker, saving you money!
How do you determine the rental price for my property?
We complete a Comprehensive Market Analysis (CMA) of the rental value of your home before listing. Existing inventory, age of the home, size, number of bedrooms and bathrooms, condition, and schools all have an impact on the rent you can get for your property. We closely monitor traffic and the competition when your home is for lease. If it is vacant and we have not received an application after 2 weeks, we will generally lower the asking price by $50/mo. Let’s look at a hypothetical house that we have listed for $2000/mo. After 2 weeks of vacancy, you have lost $1000 in potential rent. $50/mo less in rent will cost you only $600/year in lost rent. Minimizing vacancy is the key to financial success in rental properties.
How do you screen tenants? What qualifications are you looking for?
Our tenant qualification criteria is posted on our website. In a nutshell, we are checking for 1) income, 2) rental/ownership history, 3) credit history, and 4) criminal record. Occasionally, tenants may be deficient in one area, which may be compensated for with a larger security deposit or co-signer.
How often do you inspect the home?
We have several ways to assess the condition of your home. Our trusted contractors, whom we have been working with for years, are our best eyes and ears. We get reports back on any condition that causes concern when a contractor is in your home. We have 3 routine inspections per year: one for the HVAC system, one for the roof and exterior building envelope, and one for general interior condition. Before a renewal is offered to an existing tenant, we complete an interior and exterior inspection of the property. Condition of the home will have a factor in the renewal process. Lastly, we are always out and about in our market. Exterior drive-bys are completed frequently. The exterior condition is usually a decent indicator of how the interior is being maintained. If we see something that concerns us on the outside, an interior inspection will be completed.