Evernest Property Management Blogs

Whether you’re brand new to investing or a long-time pro, you may have found yourself wondering precisely why single-family homes are the best investment.The answer? Not only are they tangible assets that can appreciate in value over time, but utilizing them in a rental portfolio can bring in steady cash flow for many years to come. Of course, the right path for you depends on your individual investment goals. For example, if you’re looking for a high rate of passive income that is more consistent, have the time to dedicate to more property, and don’t mind the high price point, then a multifamily property might be a better fit for your portfolio.In general, though, single family homes tend to prove the best investment overall, and in this article, we’ll show you why.

If you’ve already started dabbling in real estate investing by way of purchasing and renting single-family homes, then a multifamily property investment is the next step in building out a robust, high-earning portfolio. A multifamily property includes everything from duplexes to small apartment complexes with less than 100 units. The biggest challenge to adding a multifamily property to your portfolio is management of the asset. Who will collect rent from your dozens of residents? Who will clean and maintain common areas, like pools, exercise facilities, shared hallways, and laundry rooms? This is where a company specializing in multifamily property management, like Evernest, can step in to make your income-producing asset a painless part of your real estate holding portfolio. But what exactly would you be paying for? Here’s just what you can expect an excellent multifamily property management company to do:

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.