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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.

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Why Your Property Manager Matters More Than You Think: The South OC Difference

Luxury Real Estate Blog

And yet, too many property owners still hand off their investment to someone who’s either new to property management… or treating it like a side hustle. Here’s what every luxury rental property owner in OC really needs to know about choosing the right property manager — and why bigger isn’t always better.

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Build a network of reliable professionals like real estate agents, contractors, and property managers. Fix and flip: This involves buying a property that needs improvement, repairing it, and selling for a profit. They’re an excellent way to invest in real estate without owning property needing maintenance and tenants.

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How to Buy Multiple Rental Properties With Financing Options

The Close

Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Shop around, as some may have lower starting rates.

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8 Types of Real Estate Investment

The Close

Turnkey Properties Best for: People who like to invest in real estate but want to be more hands-off with property management. A turnkey property is fully renovated and ready to rent out, requiring minimal effort from the owner. The focus is on investment returns derived from property appreciation and rental income.

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4 Real Estate Investment Strategies For New Investors

Marco Santarelli

An investor buys a property, renovates it to increase its value, rents it out to generate income, refinances it to take out equity, and then repeats the process with another property. This strategy can be highly effective but requires a good understanding of renovation costs, property management, and refinancing options.

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Should You Convert Your Primary Home Into a Rental Property?

AAOA

Plus, property values tend to appreciate over the long term, helping you build equity and net worth effortlessly. Property Management Fees If you hire a property manager, those costs are tax-deductible. If you prefer a hands-off approach, hiring a property manager could be a good option.