Evernest Property Management Blogs

All forms of investing come with some degree of risk—that’s the nature of spending money to make money. If this comes as a surprise, consider it a key lesson in investment. Real estate, particularly rental investing, is no exception.

Turnkey real estate investing refers to the purchase of a ready-to-move-in home. These properties are typically recently-built or renovated and require no large-scale updates. In other words, they’re ready to rent out to residents immediately - the opposite of a fixer-upper.Many investors tend to favor turnkey homes because they’re able to generate passive income faster, sidestep a potentially costly rehab, and easily market an updated home. In other words, turnkey homes can be a seamless and lucrative investment decision, but you’ll want to have all the facts.In this article, we’ll take a deep dive into:

When renting out a property, it's a common mistake to think that homeowner's insurance will cover the property if there are any accidents. In reality, many coverages of homeowner’s insurance no longer apply once a resident is living in the home. This is why many landlords invest in landlord insurance. In this article, we’ll give an introduction to what landlord insurance covers, what you can expect as far as price, and why, as a landlord, it can save you when things go awry.

As a landlord, you know that your resident, not your property, is your greatest asset — without them, you don’t make any money. Most of the time, your most pressing concern as a property owner is going to be to make sure your residents are happy. Happy residents renew their leases, and less resident turnover means a more stable business overall.

Are you deciding whether or not to sell your rental property? If headlines are any indication, now may be the time... Rental properties have long been regarded as some of the best investments in the personal finance marketplace.

Whether you’re a homeowner looking to rent out your house, a first-time investor placing your first resident, or a seasoned vet expanding into new markets—property management is no joke.

Owning rental properties can be a great source of passive income and a significant step toward financial freedom. There's a reason why 90% of millionaires have used real estate investing to achieve their wealth.However, when most people consider the prospect of renting out a house, their minds begin to race about everything that can go wrong. Things like:

As an investor, you’ll need to weigh countless factors including school systems, the age of the property, the state of the neighborhood, your personal degree of risk tolerance, and more. The neighborhood classification system can help you make the right investment decisions every time.

If you have a rental property, you may be like some of our professional property management clients: you want to rent your property while it appreciates so you can sell it down the road and lock in profits. If that’s the case, adding value to your home through rental upgrades is a wise choice. Maybe you’re not sure where to start. Thankfully, we’re here to help. Here are three high-value, rental-friendly upgrades for your rental home.

Most real estate agents understand the basics of purchasing a home. They can help with key aspects of the home buying process like finding the right property, negotiation, and drawing up the deal are some of what an agent does. But most agents are focused on the emotional aspects of purchasing a home like the life of the buyer. Things that a first-time homebuyer would appreciate to get a feel for what living in the area would look like.But not all real estate agents understand what investors need. As an investor, you have different priorities than the average homebuyer. You’ll need specific traits that a generalist agent won’t have the time or know-how to offer you. If you’re just starting out building your real estate portfolio or are a seasoned vet looking to buy in new markets, the first step to building your team is finding an investor-friendly agent.