Evernest Property Management Blogs

Marketing your rental property can be stressful, especially when you're competing for top-notch renters. But with the right strategies, you can easily set your listing apart and attract quality tenants. This blog will discuss seven proven ways to market your rental property effectively. Let’s dive in!

‍In part one of this series, we lay out what vacancy rate is, why vacancies lose you money, and how to calculate it in your rental investing business. If you missed part one of this blog series, you can check it out here. >>Now that you understand what it is and how to calculate it, it’s important to find ways to proactively decrease vacancy rates in your business. This is what we will cover in part two of our series. In this article, you’ll learn three ways to decrease vacancy rates for one rental property or across your entire portfolio. Be sure to read through and refer back as needed, as there are a lot of nuances that we’ve picked up over the years managing thousands of properties for owners like you.You won’t want to miss it!NOTE: To give you better insights into the processes and procedures necessary for each stage, this article features insights and quotes from a property management expert, Leslie Wilson, CAM®, a seasoned residential property manager with Evernest.

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.