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On Q Property Management's Expansion in Austin

As the long-term rental landscape shifts dramatically in Austin, Texas, On Q Property Management has officially launched its second location in the city. This strategic move comes in response to the remarkable population growth that has made Austin one of the hottest rental markets in the United States. Known for its vibrant culture and thriving economy, Austin's rental sector offers an appealing opportunity for property management firms looking to capitalize on growing investor interest.

On Q Property Management, which originated in Arizona in 2010, has a reputation for innovative and transparent property management practices. With a unique flat-rate fee structure that has remained consistent for over 15 years, the company continues to disrupt traditional property management models. The recently opened Austin office is located at 2631 Gattis School Rd Ste 100, Round Rock, TX 78664, following the successful launch of its Dallas-area office in 2023. Currently, On Q manages over 7,000 properties across the United States, with more than 1,000 properties in Texas alone.

Demand for Long-Term Rentals

The rapid influx of tech workers, the sustained demand for university housing, and robust tourism are key factors driving the long-term rental market in Austin. The region not only attracts individuals relocating for work but also investors eager to secure long-term rental income. Rebekah Oquendo, the property manager at On Q in Austin, highlights that, "Investors from across the country are purchasing properties in Austin specifically for long-term rentals," emphasizing the need for localized expertise to navigate licensing and maintain high occupancy rates.

In a conversation with Matt Medonich, the regional manager for Texas, he noted, "Every office we open starts from the ground up. We recruit locally, invest back into the community, and build teams that resonate with the local culture. Our goal is to make a significant impact in Austin by providing exceptional service tailored to the market's uniqueness."

Innovation in Property Management

On Q Property Management emphasizes leveraging technology to enhance its service offerings. The company has developed its own in-house technology platform, which includes maintenance management software and digital inspection tools. These innovations allow property owners to receive real-time updates and manage their investments more effectively, particularly useful for those who might be overseeing properties from a distance.

Additionally, On Q has introduced secure property lockers at all its locations, facilitating 24/7 key access for contractors and cleaning crews. This feature aims to minimize coordination hassles, enhancing efficiency for property owners and managers alike.

Medonich describes the company's model as “Marriott-style reliability with neighborhood-level expertise.” This approach is essential for long-term rental owners who prioritize dependable service, especially in a competitive marketplace like Austin.

Local Hiring and Community Engagement

As On Q Property Management sets its roots in Austin, it is also focusing on local hiring. Currently, the company employs over 100 individuals across its four offices and is actively seeking property managers, maintenance coordinators, leasing agents, and support staff in Austin. Medonich notes, “Investing in local talent enables us to provide a service that is in tune with the needs and expectations of Austin residents and property owners.”

For those interested in career opportunities, On Q invites potential candidates to visit its careers page at On Q Careers. This new chapter for On Q Property Management signifies not just a business expansion but a commitment to enhancing the rental experience in a transforming city.

To learn more about On Q Property Management and their services, please visit their website at On Q Property Management. With a solid foundation and a focused strategy, On Q is poised for success in Austin's evolving real estate market.