June 2025 Company Newsletter
Imporant Company Update
After 39 wonderful years serving you and the Austin community through Rollingwood Management, I’m writing a meaningful update to let you know that I have sold the company to my son Christopher. You’ll continue to work with the same team you know and trust, and there will be no disruption to the services, relationships and support you’ve come to expect. While I’ve stepped back from the day-to-day operations, I will continue to support Christopher in my role as Broker. Serving you has been one of the most meaningful parts of my life and career. Your trust and loyalty over the years have meant more to me than I can express.
You can see our original announcement of this in last month’s newsletter.
Rollingwood In The Community
One of our favorite charities to work with is the Ronald McDonald House. They work incredibly hard to provide a much needed service to families that are going through some of the hardest points of their lives. By providing a place to stay on site of the Dell Children’s Hospital here in Austin, they allow families to stay close together.
Each quarter, we step away from the office to spend time preparing meals for the families here. This is one of our favorite team activities, and we’re thankful for the opportunity to be involved with them! This month’s lunch was grilled cheese and ham, with a fruit salad and chips. While one of our more straight forward meals, we thought sometimes simple is best. Especially for grab and go situations. You can visit our Facebook page to see more photos of the team in action!
Market Statement – June 2025
We’re currently sitting at about the traditional peak of the summer market, which is also a good litmus for how things are overall in the market health. Right now we’re seeing rental rates are down from last year, about 3.5% down. The good news is that days on market are holding steady for expectations, so while things are renting for a bit less than last year, we’re still able to make them move in the same amount of time.
As rental rates soften, we’re focusing on making sure we work to keep properties rented as the calculation of a turnover being worth it drops off. This year, we’ve had one of our strongest renewal seasons with a 75% renewal rate with our properties. We’re also seeing some of our quickest days on market to rent at an average of 16 days to rent. Our focus on keeping properties rented, at solid market rates, helps improve your ROI and limits expenses.
You can view the Rental Report from the Austin Board of Realtors here. We pull our information from the first four pages, Austin MSA and City of Austin.
Thank you for your continued trust and business.
Christopher M. Francis
Owner / Director of Operations
Rollingwood Management, Inc.
I always want to hear your honest feedback! One of the quickest ways is by completing our owner survey on our website here.