First Rate Property Management Blog

The 10% Rule

Blog Post

By Melissa Sharone Thursday, July 11, 2019

Over the past weeks we have shared a summary of Tony’s presentation to the AVID Investors Club which is lead by Stacy McBain with Swope Investment Properties.  In that presentation Tony encouraged investors to get involved in some aspects of the management of their inv...

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Part 3 - How to Manager Your Manager

Blog Post

By Melissa Sharone Tuesday, July 9, 2019

Thank you all for your great feedback on this series of posts summarizing Tony's presentation with the AVID Investors Club in June. In Part 1, Tony discussed the importance of selecting the right property manager and ancillary services. Part 2 described some of the ...

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Part 2- How to manage your manager

Blog Post

By Melissa Sharone Tuesday, July 2, 2019

Earlier this week, we posted Part 1 of 3 of How to Manager Your Manager.  In part two, Tony explains further how he assumes the role as the asset manager and the areas he concentrates his efforts as part of the team managing his investment properties. Tony explained to the A...

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How to Manage your Manager Part 1 of 3

Blog Post

By Melissa Sharone Tuesday, June 25, 2019

Earlier this week, Tony Drost spoke to the AVID Investors Club on How to Manage Your Manager.  Since Tony owns First Rate Property Management and FRPM manages all of his rentals, the attendees were expecting Tony to state "If you need to manage your manger, maybe you ne...

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Got A Minute To Consider Interest Rates?????

Blog Post

By Melissa Sharone Wednesday, May 29, 2019

Below is a brief article from Jack Harty on interest rates.  On 5-22-19 the Fed released minutes from its most recent meeting that concluded on May 1 with no increase in short-term interest rate. The Fed minutes suggest it will take a “patient approach” in deter...

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Beware of Rental Scams

Blog Post

By Melissa Sharone Tuesday, May 14, 2019

Now that summer is here and the rental activity has increased, so has the amount of rental scams posted on craigslist.   We can’t stress enough how important it is for a renter to do their research when looking and applying for a property.  Below are some guidelin...

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Pros and Cons of Airbnb

Blog Post

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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1st Quarter Vacancy Update!

Blog Post

By Melissa Sharone Monday, April 29, 2019

The SW Idaho Chapter of NARPM just released their 1st quarter vacancy report. It shows that vacancy overall is up from 3% to 3.4%. This is pretty typical for this time of year. The activity for rentals has definitely picked up in the last few months. The market is heating for sin...

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Boise Rents Support High Prices

Blog Post

By Tony Drost Monday, April 15, 2019

Monthly, I calculate some key performance indicators to get an idea of where the market is trending within Ada County (Boise area).   In my opinion, the market remains strong with no flags of trouble. Pricing:On average, we're seeing 4 plexes sale at about $140,000 per d...

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FRPMs Operations Manager Receiving Residential Property Manager Certification!

Blog Post

By Julie Tollifson Friday, April 12, 2019

FRPMs very own Operations Manager, Jim Sharone, received his Residential Property Manager (RMP®) Certification awarded to him by the National Association of Residential Property Managers (NARPM®), Southwest Idaho chapter! We are proud to have such an experienced, professi...

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