Evernest Property Management Blogs

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.

As a landlord, it is critical to protect yourself and your property from a lawsuit. Not only are lawsuits stressful, but they can also be both financially and emotionally draining as well. Anytime you choose to rent out your property, you are opening yourself up for the risk, which is why it’s essential to do your due diligence to avoid legal battles as much as you are able. In this article, you will learn things to avoid and things to do when protecting yourself from a lawsuit.

Determining home maintenance costs can be challenging, but it’s an important aspect of budgeting all landlords should consider.In this article, we’ll take a closer look at some ideas behind how much you should budget for home repairs every year as well as explore the reasoning behind them.

If you have a rental property, you need property management specialists to help. The benefits of property management are numerous, from providing in-house maintenance to dealing with residents and ensuring your cash flow is positive and steady. If you’re not sure how to find a property manager, we’re here to help. Keep reading for more information on the different types of property managers and property management companies and how to choose the best for your property.

Marketing rental property is no simple task. The process involves many moving pieces, all of which will directly impact the success rates of your marketing efforts. If you’re looking to market your property effectively and efficiently, look no further. We’ve broken it all down for you in this in-depth look at how to better market your rental properties.

Whether you are a homeowner or an investor, you will be forced to make repairs at some point throughout your time owning a property. Some of these repairs may be simple, quick fixes such as replacing locks, adding a new coat of paint, or fixing a window blind. Others on the other hand may just put a nice dent in your pocket. To keep your property occupied long term, you must keep it in tip-top shape. That's why today we are going to discuss the 5 most expensive home repairs. Some of these may not be a huge surprise and hopefully, each one gives you an idea of things that would be good to think about before you even need to sink any money into repairs.

As a rental property owner, choosing to utilize the services of a management company is a big decision. But, before diving in headfirst, you should take the time to get an idea of some of the average property management fees to see if it makes sense for you.Beyond that, it’s essential to be aware that there are additional fees property management companies may charge you. Some of the more common other fees include:

As a landlord, staying informed about the laws governing rental properties is essential for protecting your rights and maintaining positive resident relationships. One important piece of legislation is the Uniform Residential Landlord and Tenant Act (URLTA), which was created to provide a framework for states to regulate landlord-tenant relationships. While the act offers comprehensive guidelines, there are certain provisions that many landlords may not be aware of but should fully understand.

Before you sign any contracts with a new resident, you need to know if they’re going to pay rent on time every month. While there’s no way to actually tell the future, running a resident credit check can give you valuable insights into a person’s financial habits. Gathering this information is an extra step that will protect you and your property in the long run. Try to find a professional property manager who will find you a good resident or who will help you to avoid such situations. A good credit history indicates good habits like paying bills on time, which translates to you receiving rent on time. On the other hand, a poor credit report will show red flags you wouldn’t otherwise know about, like a past bankruptcy or high debt-to-income ratio. This article will outline the process of running a credit check for landlords from start to finish.