Evernest Property Management Blogs

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.

Is real estate a good investment? Well, it certainly can be. If you’re wondering how to determine if your investment is a good one, then look no further. We’re here to help by providing you with the resources you need to determine if your investment makes sense for you financially.

There is nothing better than a resident who pays rent on time and takes care of your home. But then, sometimes, you move that person in (or who you expect to be that person), and someone moves in with them. So, how do you get that guest who is not on the lease out of your house?In this article, we will discuss how to evict someone that does not belong in your home.

Renting homes is here to stay and not just a phase our country is going through. As Millennials enter the job market and become the largest group of people working and producing in America, they will not run their lives the way the Baby Boomers or Gen X did.They are a completely different group of people with entirely different values. Because their values are so different from previous generations, it will manifest itself most powerfully in their choices on big-ticket items, including where they live. As we continue to see, the current trend is in millennials renting over buying their home.The housing situation of millennials is trending drastically different from that of their predecessors. Millennials renting their homes is the trend that seems to be sticking.

Investing in Real Estate for the first time can be intimidating. When you’re just starting out, it’s easy to feel as though you’ll never know enough. Your money is at stake so you want to feel good and ready before taking the dive on whatever property you buy. The dive from investment as an idea to being handed the keys to your first property is the biggest step to take. Trust me, we’ve all felt that way. I know there is endless information to sift through. So much information, in fact, that you feel like giving up before you’ve started. That’s why I put this guide together—the 15 MUST-read books on real estate investing for any new investor.It’s time to stop stressing about your money and start making it work for you. Let’s get started.

You may ask, "what could possibly be stressful about owning rental properties?"Will, let's start by taking a look at the positives. Things like monthly cash flow, loan pay down, yearly appreciation, and BIG tax breaks have us feeling good. Make no mistake; there are a TON of positives to owning rental property.However, don’t jump into the rental property game without seeing that there are negatives and it can get very stressful. People often overlook things like times of vacancy, residents who don’t pay rent, and maintenance issues.Real Estate provides no shortage of opportunities for stress. We see all kinds of issues day in and day out with our properties. Anything from roof issues to plumbing issues, bad residents, and many many more. So how should you deal with stress when managing your rentals?Our suggestion? Don't let this hold you back. There are negatives to the rental investing game, but it's helpful to keep this in mind...The key isn't to avoid stressful situations, it's to learn how to best manage them.We want to help. In this article, we lay out 5 ways you can manage the stress of owning rental properties. Some of these may sound like common sense, but common sense is not always common practice.And if you have questions or want to chat about how to best manage your rental properties, let's talk.