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Kevin Switched to Nomad and Now Earns $2,400 More

Published on: Jun 23, 2021

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Nobody is perfect—but Kevin's property management company didn't even seem to be trying. After working with the company for a while, he got fed up with their:

  • Poor tenant placement

  • High fees

  • Less-than-competitive rent prices

“We see this all the time. Property management is a really hard business and despite the good intentions of property managers, customers can get really frustrated. One of the fundamental challenges is that financial incentives aren’t aligned. In Kevin’s case, he bore all the monetary consequences of high fees, lower rent, and poorly screened tenants,” commented Matt Thelen, one of Nomad’s founders.

Kevin went looking for an alternative and stumbled upon Nomad, and that's when he realized he didn't need a full property management service. He's a handy person and could take care of all the maintenance and repairs on his own, but he wanted a company to handle the listing, marketing, tenant placement, and rent collection.

That's what we excel at, so we guaranteed Kevin's rent and outperformed his property manager by dropping his fees, bumping up the rent to market for his property, and finding him a top-notch tenant. He now has more flexibility and higher rent—all for a lower monthly fee.

Plus, Kevin gets to do all the maintenance on the property himself—which is nothing considering he remodeled the whole thing on his own. After working with Nomad, Kevin went ahead and added another property to the portfolio.

“Nomad intentionally created a product to align our financial incentives with those of our owners—we do better when our customers do better. And, best of all, Nomad offers property owners flexibility in how they work with us” remarked Matt.

Nomad gives you the flexibility to rent your properties how you want. Want to crunch the numbers for yourself? Give our rental income calculator a try to see how Nomad can increase your earnings, lower your costs, and ultimately provide you peace of mind.

Then, once you're ready, just plug in a few details to request your rent estimate and start finding a tenant for your home.

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