KEY TAKEAWAYS
- Nevada’s strong economy, increasing population, and a high percentage of renter-occupied properties present a promising opportunity for property management companies.
- Poplar’s strategic acquisition of Marshall Stearns expanded Poplar’s reach in Las Vegas, Henderson, Boulder City, and North Las Vegas.
- Poplar Homes’ entry to Nevada created new business opportunities for both local and national investors.
In 2021, Poplar Homes, a leading property management company, acquired Marshall Stearns, a respected property management firm with a strong reputation in Nevada, in a major move to expand its services in one of the country’s most rapidly growing real estate markets. This acquisition brought a range of benefits for both companies and their clients.
Why Poplar expanded to Nevada
Poplar Homes’ acquisition of Marshall Stearns has expanded the company’s reach into the Nevada real estate market. With a strong economy, increasing population, and a high percentage of renter-occupied properties (46%), Nevada presents a promising opportunity for real estate investment and, therefore, property management.
In addition, Nevada’s favorable tax laws and business-friendly environment make it an attractive location for companies looking to expand their operations. Poplar recognized the potential for growth and success in Nevada and decided to take advantage of the opportunity to expand their services to the state’s homeowners, renters, and investors.
What’s in it for Nevada homeowners
The acquisition of Marshall Stearns by Poplar has brought many benefits to homeowners in Nevada. With Poplar’s expanded range of services, homeowners now have access to a wider variety of property management solutions tailored to meet their unique needs.
Better financial protection
With Poplar Homes’ Rent Guarantee, Nevada homeowners enjoy financial protection beyond industry standards. Homeowners can rely on rent payments coming in on the third business day of each month, even when the renter is a little behind on its payment. This creates cash flow stability for homeowners allowing them to focus on growing their rental property business rather than following up on rent payments.
Additionally, Nevada homeowners can benefit from Poplar’s Eviction Coverage. With this guarantee, homeowners can have peace of mind knowing they’re covered for up to $15,000 in legal fees in the unlikely event of an eviction. This guarantee is available for residents placed by Poplar Homes.
Access to a local team with national tools
Poplar’s team of experienced professionals, proven systems, and national reach can help homeowners with a range of services, from marketing and tenant screening to maintenance and repair.
Paired with Martial Stearns’ deep understanding of the local market and their reliable boots on the ground already familiar to former Marshall Stearns clients, they can help homeowners maximize the value of their properties and find the right renters to fill their vacancies.
Expansion of business opportunities
The acquisition of Marshall Stearns by Poplar has opened up exciting opportunities for investors looking to expand their business in the Nevada real estate market. With a stronger market presence in Las Vegas, Henderson, Boulder City, and North Las Vegas, Poplar is well-positioned to offer outside investors a reliable platform and proven management system to grow their rental property business.
Moreover, Nevada investors can now expand their business in other states where Poplar operates. By entrusting their properties to a single property management company with a broad geographical reach, homeowners can take advantage of a streamlined approach to managing multiple properties in different locations. This unique advantage saves them time, money, and hassle while providing a consistent level of quality service across all properties. Poplar’s expansion has truly opened up a world of possibilities for real estate investors seeking to maximize their returns.
About Marshall Stearns
Marshall Stearns is a well-established property management company operating in the cities of Las Vegas, Henderson, Boulder City, and North Las Vegas. With over ten years of industry experience, Marshall Stearns was considered one of the leading property management companies in Nevada.
Acquired by Poplar in 2021, its CEO, Sean Marshall, promised the same level of service to its former clients with the added benefits of being integrated with Poplar’s robust technology, efficient systems, and national reach.
Today, Poplar Homes continues to serve Nevada homeowners and residents and have expanded to 16 states, giving homeowners and investors a better advantage in scaling and expanding their rental property business.
Poplar Homes’ recent acquisition of Marshall Stearns provides Nevada homeowners and investors with the same level of services and even better financial protection. Having access to national tools is also a huge plus, especially for investors looking to expand their business in other areas. As the state’s real estate market continues to grow, Poplar is committed to providing innovative technology solutions and exceptional customer service to its clients.
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