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First Rate Property Management Blog

Is renovating my rental worth it?

Blog Post Is renovating my rental worth it?
By Jim Sharone Friday, March 10, 2023
Reduces your unit’s maintenance costs:A freshly renovated unit will have much fewer maintenance needs since most things will be new. The cost of renovating is around 20% less because it is efficiently done all at the same time. No more multiple expensive one-off maintenance...
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Preventative and Proactive Maintenance

Blog Post Preventative and Proactive Maintenance
By Jim Sharone Friday, February 10, 2023
Preventive/Preventative Maintenance (PM) is "a routine for periodically inspecting" with the goal of "noticing small problems and fixing them before major ones develop." Ideally, "nothing breaks down."  A few examples of this include:I...
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Deferred Maintenance

Blog Post Deferred Maintenance
By Jim Sharone Friday, January 20, 2023
What is deferred Maintenance? Deferred maintenance is the practice of postponing maintenance activities such as repairs on both real property (i.e. infrastructure) and personal property (i.e. machinery) in order to save costs, meet budget funding levels, or realign available...
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Owners! Get Your Property Rented!

Blog Post Owners! Get Your Property Rented!
By Jim Sharone Friday, January 24, 2020
One of the scariest times an owner goes through while renting out their property is the vacancy.  First Rate Property Management understands this and is ready to help!You will be receiving Marketing Updates from our leasing team every Wednesday your property is on the market...
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Pros and Cons of Airbnb

Blog Post Pros and Cons of Airbnb
By Jim Sharone Wednesday, May 1, 2019
Recently the Idaho Statesman published an article, How Airbnb hurts Boise's affordable housing:  'It has driven up rental prices', which spiked some interest from our rental property owners.  The gist is that much of the affordable housing is being conv...
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Virtual Tours with 360 Cameras

Blog Post Virtual Tours with 360 Cameras
By Jim Sharone Tuesday, April 2, 2019
We recently made an investment to improve our marketing for upcoming rental units. While this will supplement our current marketing plan, we feel that this new technology will add a great deal of value to our prospective tenants and property owners, while injecting a little fun!P...
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What Do Rising Mortgage Rates Mean?

Blog Post What Do Rising Mortgage Rates Mean?
By Jim Sharone Tuesday, February 12, 2019
Originally posted 2018Mortgage rates are on the rise and experts are expecting them to continue to rise! So what does that mean for our investors? Buying and Selling:Single Family and Multi-family sale prices should continue to rise. When mortgage rates increase, the housing...
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To rent, or not to rent

Blog Post To rent, or not to rent
By Jim Sharone Tuesday, February 5, 2019
The current Boise rental market is strong which makes units much easier to get rented. However, that is not the only factor that goes into getting a unit filled! There is not a silver bullet when it comes to getting a unit rented. While some things are more important than others,...
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Odd Gift Receives Tenant Appreciation and Saves Landlords Money

Blog Post Odd Gift Receives Tenant Appreciation and Saves Landlords Money
By Jim Sharone Friday, January 11, 2019
First Rate Property Management is blessed to have great Landlords as our clients (we don’t just take anyone).  Each of our clients provide their tenants with a welcoming gift that is delivered personally by a FRPM team member during the tenants move-in inspection. &nbs...
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What Potential Rent Control in California Means for Idaho

Blog Post What Potential Rent Control in California Means for Idaho
By Jim Sharone Wednesday, May 30, 2018
Tenant advocates in California have received enough signatures for a ballot initiative to repeal the Costa-Hawkins Rental Housing Act. This would allow extreme Rent Control in California cities and counties where many saw rents increase by 40% over the past 3 years.    ...
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