Evernest

Often, the boring things done consistently create the most significant change.

The latest CoreLogic report gives us a glimpse into the world of real estate investors as we head into the second half of 2024. After a solid start to the year, with nearly 30% of single-family home purchases made by investors in January, things have cooled off. By June, that number had dropped to 23.4%—the lowest in two years. Is this a sign of a lasting trend or just a temporary seasonal dip? Well, the answer might be “a little of both.” While investor activity has dipped, it’s still way higher than pre-pandemic levels, when they hovered around 15-20%. So, despite the recent slowdown, investors are still a big part of the game. And don’t worry—this isn’t a crash. The real estate market is still quite stable, even with some uncertainty. It seems that investors are eyeing the lower-priced homes (29% of purchases in that tier), which isn’t great news for first-time homebuyers who are shopping in the same aisle. But with housing affordability still a major issue, more people are staying renters for now, giving investors a solid reason to stick around and fill that rental demand. Interestingly, while big-time “mega” investors (think 1,000+ properties) get all the headlines, they actually only account for about 1% of the purchases in top metro areas. It’s the smaller investors—those owning fewer than 10 properties—who are doing most of the buying, making up about 18% of purchases. Geographically, we’re seeing the biggest investor declines in the Mountain West and Midwest regions, while the Northeast, Florida, and California are holding steady. Whether this drop sticks around or is just a blip, the investor share remains robust, and it’s unlikely we’ll see home prices take a significant dive anytime soon. In short, real estate investing is still a good bet, but like everything in life, timing is key! Full CoreLogic article in the comments.

Thinking about buying your first rental property but unsure where to begin? Spencer Sutton’s latest video breaks it down step by step, offering valuable insights and tips from his years of experience. From crucial first moves to what he wishes he knew at the beginning, this guide is packed with everything you need to get started in real estate investing. Check it out! https://lnkd.in/gnm_GuFU #RealEstate #PropertyManagement #RealEstateInsight #RealEstateTips #RealEstateGuide #RealEstateInvesting #Landlord #Landlords #PropertyManagers

What makes a great CEO? Here are a few thoughts... 1. Genuine humility 2. Ability to cast and communicate vision (all the time) 3. Champion of culture 4. Relentless pursuit of excellence 5. A 'never give up' attitude We're thankful our CEO, Matthew Whitaker, has all five of these. In this picture, he's taking on questions from the senior leadership team. P.S. We promise he wasn't involved in making this post 😂

Look who's speaking at Appfolio's #FutureConference in San Diego! Our very own Jill Marrocco is taking the stage to discuss how innovative accounting practices can propel property management into the future. Jill is one of our accounting rock stars, and we're excited for her to have this opportunity. Let's go, Jill!! #Appfolio #Team #Celebration #Conference #RealEstate #Accounting #PropertyManagement

One of the most nerve-wracking parts of being a landlord is dealing with resident emergencies. They always seem to pop up at the worst times (look at you, vacation mode). We’ve handled thousands of these moments and learned a thing or two. The key? Be available 24/7, have a trusty team of pros ready for action, and always be prepared to make things right with your resident. If that sounds like a lot to manage, no worries. We’ve got your back.  Check out our recent blog for more details! https://lnkd.in/gmRttN4b #RealEstate #PropertyManagement #Tips #PMTips #Emergency

Looking for the best time to buy a house? Hint: it's not spring! Fall is where the smart deals live, with October offering some of the lowest prices of the year.  Forbes says there is less competition, better negotiating power, and plenty of time to settle in before the holidays. https://lnkd.in/gJzQGt3y #RealEstate #Trends #Market #2024 #Invest #PropertyManagement

Never buy these types of homes! In real estate, knowing what not to buy is just as important as knowing what to invest in. From structural red flags to hidden pitfalls, this guide will help you steer clear of costly mistakes and make smarter investments in the rental market. Watch our recent video for more information. https://lnkd.in/gSfc26D9 #RealEstate #Homes #Investing #RentalMarket #RealEstateTips #Tips #PropertyManagement

Thinking about buying your first rental property but short on cash (and maybe credit, too)? No worries, you’re not alone, and you can still make it happen! In our latest video, Spencer breaks down some real estate investing strategies—like partnerships, seller financing, subject-to-deals, and hard money lending—that can help you acquire your first rental property with no money down and bad credit. You don’t need a fortune to start investing—just the right strategy and a little bit of creativity! https://lnkd.in/g6F9wwfT #RealEstate #Investing #Tips #RealEstateTips #InvestingTips #CashFlow

If Little Rock, AR, isn’t on your radar yet—it should be. Nestled along the Arkansas River, Little Rock offers a blend of affordable living & outdoor access that makes it an attractive option for real estate investors.  In our latest blog post, we dive into the Little Rock real estate market as of September 2024. Check out the link in the comments to learn more. #LittleRock #RealEstate #PropertyManagement #Stats #Trends #Arkansas #PropertyManagement #ArkansasPropertyManagement #ArkansasRealEstate #LittleRockRealEstate #RealEstateBlog #Blogs