Working with Evernest: What to Expect

Step 1: Connecting with Evernest

  • Get connected with agents in your market(s) of interest.
  • Schedule an introductory call, where you will review investment goals, strategy, capital available, timeline, etc.

Step 2: Kicking off the Process

  • Receive and sign the buyer’s agency agreement, which gives Evernest the authority to make offers on your behalf. Don’t worry, we won’t make any offers without your approval!
  • Keep an eye out for helpful resources, including blogs, podcasts, and email newsletters from Evernest.

Step 3: Finding the Right Property

  • Receive deals that fit your buy box from your agent.
  • Connect with your agent to provide feedback and ask questions.
  • Begin making offers.
  • Get an offer accepted and get your first property under contract! 🎉

Step 4: Getting Your First Property Under Contract

  • A home inspection is scheduled, your agent kicks off the deal with the title company, and your lender begins processing and underwriting the loan.

Step 5: Navigating the Inspection and Diligence Process

  • Inspection is completed by a licensed home inspector. If applicable, a rehab scope of work (SOW) with complimentary pricing will be provided.
  • Review the home inspection report, rehab estimate, and, if applicable, any rental and after repair value (ARV) comps.
  • You, the investor, make the final decision on moving forward with the property.

Step 6: Introduction to Evernest Property Management

  • Get connected with an Evernest Business Development Manager in your market(s) of choice to discuss Property Management options.
  • Sign off on the Evernest management agreement.

Step 7: Navigating the Closing Process

  • Schedule a virtual meeting with the title company and mobile notary.
  • Review closing documents and wire funds on closing day.
  • Complete the closing process with property management already in place! 🎉

Step 8: Owner Onboarding with Evernest Property Management

  • Meet your Property Manager, who will be your primary point of contact.
  • If applicable, Evernest will begin fixing the property up within one week of closing.
  • Review the provided Rehab Completion Photos.
  • Check out your property’s live listing, complete with marketing photos courtesy of Evernest! 🎉
  • Sit back and relax while Evernest handles showings, processing applications, and finding the best resident for your investment property.

Step 9: Tracking the Leasing Process

  • Review weekly email updates with leasing stats.
  • Watch your inbox for an email when the property is successfully leased. Key details (rate, lease start date, etc.) will be included.
  • Resident moves in and begins paying rent! 🎉
  • Evernest wires you rent.

Step 10: Moving Forward with Evernest

  • Walk through accounting with your Property Manager. Clarify any questions or concerns.
  • Reach out to your Property Manager with any resident or maintenance issues.
  • Start the entire process over again to build your portfolio! 🎉

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