Evernest Property Management Blogs

Multifamily investing offers a nice compromise between single-family and commercial investment properties. You get the increased cash flows and revenues of commercial properties with the simplicity of single-family management. But that also means buying multifamily properties is more complicated than single-family. You have to know how to buy a multifamily home, or you could make an expensive mistake. This guide will give you an overview of buying a multifamily property — whether your first, second, or beyond.

In 2015, Spencer, our Director of Marketing, got a call from an Oregon-based landlord who had bought some out-of-state properties in Alabama. This landlord told Spencer they were having trouble with their existing property manager. How much trouble? Turns out the landlord was paying the property manager to perform repairs… And the property manager wasn’t completing those repairs. The landlord was out over $100,000 at the end of the day. We aren’t saying most property management firms are incompetent, negligent, or fraudulent. But these types of firms do exist. So landlords need to pay attention to key traits when evaluating property managers. Otherwise, they could cost you big time. Let’s take a look at each one:

Many investors set out searching for prime real estate, but are instead greeted with a homeowner’s association, or HOA. Unless you already own a property with an HOA, you may have limited knowledge on what an HOA is and how they function. You may also be wondering, “should I invest in a property with an HOA?” Investing in HOA requires more effort, as you will have to deal with a lot of oversight and restrictions. Many investors find it worth the added challenges, though. Before investing in a property protected by an HOA, you must consider several things, from fees to upkeep. So, should you invest in a property with an HOA? Let’s dive in.

Many investors who want to enter the multifamily rental market are curious about which markets to invest in. But choosing the right market is just one important factor among many in a successful multifamily investment. The most important factors when buying a multifamily property are:

Real estate investing is one of the most bankable strategies to build massive wealth. For beginner investors, investing in single-family homes can be a great first step. After all, single-family homes often offer low risk, great returns, and plenty of flexibility. So, if you’re interested in purchasing your first (or next) SFR, here’s how you can get started today:

In this article, we’ll explore how inflation influences real estate investors in depth and provide guidance for including rent rate adjustments in a rental property lease agreement.

Are you an out-of-state investor looking to downsize your real estate portfolio? Or, perhaps you’ve recently moved away and simply experimented with renting your house out. Either way, it may be time to look into selling a rental property from hundreds or even thousands of miles away. Of course, selling a home is so much easier when you live just across town. An out-of-state sale is a different game entirely. Luckily, Evernest's Brokerage division has managed thousands of real estate transactions across the country, including small- and large-scale sales for out-of-state investors. So, we’ve gathered our top five tips to make selling your rental property in another state a breeze.

All rental property owners ask, “how much should I rent my house for?” The answer can be somewhat complicated. Determining your rent price should be broken down by characteristics, including knowing your competition, seasonality, amenities, and rental control laws. Here’s a closer look at how to figure out how much to charge for rent.

Marketing your rental property can be stressful, especially when you're competing for top-notch renters. But with the right strategies, you can easily set your listing apart and attract quality tenants. This blog will discuss seven proven ways to market your rental property effectively. Let’s dive in!

‍In part one of this series, we lay out what vacancy rate is, why vacancies lose you money, and how to calculate it in your rental investing business. If you missed part one of this blog series, you can check it out here. >>Now that you understand what it is and how to calculate it, it’s important to find ways to proactively decrease vacancy rates in your business. This is what we will cover in part two of our series. In this article, you’ll learn three ways to decrease vacancy rates for one rental property or across your entire portfolio. Be sure to read through and refer back as needed, as there are a lot of nuances that we’ve picked up over the years managing thousands of properties for owners like you.You won’t want to miss it!NOTE: To give you better insights into the processes and procedures necessary for each stage, this article features insights and quotes from a property management expert, Leslie Wilson, CAM®, a seasoned residential property manager with Evernest.