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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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8 Types of Real Estate Investment

The Close

It’s all about buying a property for a great price, fixing it up, and then selling it for a higher price. You will find run-down homes for a good deal, renovate them quickly, and then profit when you sell. It’s a profitable venture, but having some DIY skills for repairs and renovations is essential.

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4 Real Estate Investment Strategies For New Investors

Marco Santarelli

Buy, Renovate, Rent, Refinance, and Repeat (BRRRR) The BRRRR strategy is a more involved process that combines flipping and holding. 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.

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How to Buy a Multifamily Property in 10 Steps

The Close

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. Carrying costs: These are the monthly recurring costs of holding the property, including your mortgage, taxes, insurance, and utilities.

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How Do High Vacancy Rates Impact the Financing of Multifamily Properties?

AAOA

Additionally, the location of your property and effective property management practices play significant roles in determining vacancy rates. This can make your property less attractive, leading to even more vacancies. Efficient property management is key. Using property management software can help.

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10 Best Exit Strategies for Inherited Multifamily Properties

AAOA

Key Takeaways Consider selling property as-is for quick liquidation and cost savings. Renovate to increase property value, attract higher-paying tenants, and boost rental income. Refinance to access equity for renovations, secure better loan terms, and maximize cash flow.

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House Hacking 101: What It Is & How It’s Done + Legal Considerations

The Close

House hacking is a real estate move where you live in a part of your home while renting out the rest, so your tenants help cover your mortgage while you build home equity. Many first-timers start house hacking because it’s a beginner-friendly way to learn property management, build wealth, and slash living costs all at once.

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