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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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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA).

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Cabinet and Countertop Solutions for Apartment Renovations or Builds

AAOA

Why Landlords, Property Managers, and Property Owners Should Take an Interest The industry is calling for updates. Its important to note that with RTA cabinets, property managers and landlords run the risk of poor upfront assembly. Preassembled cabinets eliminate this risk and the cost of assembly.

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Rising Above Price Gouging: How One AAOA Member Brings Hope to Displaced Families Amid L.A. Fires

AAOA

A Positive Response Amid the Chaos: Ratner Property Management While some landlords have capitalized on the crisis, others are stepping up to support their communities. Ratner Property Management and Maintenance, an AAOA member, is one such example.

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How to Hire a Property Manager in 8 Steps

The Close

Investors benefit from hiring a property manager to handle maintenance and daily responsibilities, allowing them to focus on more investments and personal interests. When learning how to hire a property manager, its essential to define your needs and budget. When and how do you want to receive your net proceeds?

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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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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.