CHICAGO--(BUSINESS WIRE)--NestEgg, a fintech software company that helps growth-minded mom and pop real estate investors reach their goals of financial independence faster with easy online property management, today announced the launch of their Freedom plan.
With NestEgg’s Freedom plan, real estate investors are able to turn their long-term rentals into truly passive income with full-service management for only $29 per rental per month. This allows real estate investors to be completely hands off much more profitably and saving on average 8-10% of their monthly rental income that typically goes to traditional property management.
The majority of mom and pop real estate investors today live within driving distance of their rental properties so that they can self-manage and avoid paying expensive property management fees. Now with Freedom, they can receive the benefits of professional property management at a fraction of the cost with a human rental manager that coordinates maintenance issues, collects rent payments, fills vacancies, handles all resident interactions, and more.
Additionally, Freedom gives all real estate investors the opportunity to expand their portfolio with properties all over the state or country, coupled with financial benefits such as automatic rent payment on the first of the month (every month), and a six month interest-free buy-now-pay-later option for property renovations. Knowing that most real estate investors don’t have the time or confidence to do it themselves and someone will be there to take care of your property, regardless of where it is geographically, opens up a whole new world of opportunity. It makes a secondary form of income operate on autopilot without any real time or energy being put in by the investor.
“Freedom’s property management service is a stepping stone to achieving financial independence via real estate, something we are very passionate about,” says Eachan Fletcher, Founder & CEO of NestEgg. “Now, real estate investors can purchase their second, third, fourth long-term rental in different states across the US and not have to worry about managing them or traveling cross country to address problems that may arise. They’re able to earn a higher secondary income without leaving the comfort of their homes.”
Whereas newcomers to the property management space like Belong and Mynd charges the same as traditional property management companies, up to $200-$300 in monthly fees to manage properties before any work is done, NestEgg charges a flat rate of $29 per rental per month that is customized to the mom and pop real estate investors’ needs. NestEgg’s customizable technology allows investors to track everything on the app and monitor what their rental manager is doing on their behalf such as rent collection, maintenance issues, and resident interactions. The price and visibility of NestEgg’s Freedom rental management service is far superior to today’s offerings. To date, for every 5 new real estate investors signing up on the platform, three come from an unsatisfactory property management service.
“NestEgg has been a big part of my journey to financial independence,” says Rachel in Dallas, Texas. “Being able to bring in a secondary income without doing anything besides checking my app is a game changer. Because of Freedom, I’m now looking into purchasing portfolio properties in places I never considered before, since I didn’t want to have to take the time or money to travel or hire expensive property managers. It’s the next step that I’ve been wanting to make, but wasn’t able to until now.”
NestEgg addresses the financial certainty and operational overhead that comes with being a rental property owner. The service helps real estate investors and landlords by streamlining maintenance, provides coordination of full-service leasing with Guaranteed Residents, automates administrative tasks associated with owning a rental, rent collection and assurance to fight the cashflow crises that come with managing independent properties, and more. The company is headquartered in Chicago and services landlord users across the United States. Learn more at https://nestegg.rent/.