Evernest Property Management Blogs

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.

Birmingham, Alabama is a hot market if you want to own rental houses. It has so many benefits to offer an investor. But, I'm not here to talk about why you should buy in Birmingham. I'm here to tell you why you should buy MORE than one house when you start your investing career. One principle of investing I've learned is to purchase more houses, rather than fewer, to be successful. I purchased my first investment home in 2004 and have owned as many as 30 rentals at one time. Currently, I own 23. I purchased my first house when I was 24 and did the work on nights and weekends to fix the home up. Fortunately, I no longer spend nights and weekends painting and repairing plumbing, but I have learned some really valuable lessons in the last 12 years. This lesson is one of the most commonly misunderstood. So let me see if I can help you understand why owning 10 houses is better than one.

There is a lot of stress around the resident’s move-out process, particularly around the security deposit return letter. So, what does it need to say, and when does it need to be sent?

Renting out your home is a nice way to make some extra income. However, there is risk – mainly, renting it to the wrong person.Regardless of how much time you spend screening prospects, nightmare residents can slip through. Therefore, it’s almost inevitable that you run into resident harassment. What matters is how you handle these tough situations.Below, we’ll cover a few examples of potential resident harassment. Then, we’ll walk you through addressing and resolving these issues as quickly and painlessly as possible.