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First Rate Property Management Blog

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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Property Taxes! What to Expect

Blog Post Property Taxes! What to Expect
By Tony Drost Tuesday, May 15, 2018
It's that time of the year again where Ada County homeowners and Landlord's will be receiving their tax assessment notices.  On average, we're anticipating about a 12% increase in assessed values on residential homes.  Small multifamily (2-4) units will see ...
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FRPM Metrics

Blog Post FRPM Metrics
By Melissa Sharone Friday, May 11, 2018
Below is a summary of some of the metrics that we are tracking for our leasing department.  It showcases our low vacancy rate and  our high renewal rate. As you can see, our vacancy for all of 2018 has been significantly lower then the national rate.   It also high...
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1st Quarter Vacancy Survey

Blog Post 1st Quarter Vacancy Survey
By Melissa Sharone Monday, May 7, 2018
NARPM has published its 1st quarter vacancy survey for the 2018 year.  The rents are still increasing for both multi and single family.  The overall vacancy was up just slightly from last quarter, but that is pretty standard  for this time of year.  FRPM has a...
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Federal Reserve Interest Rate Trends

Blog Post Federal Reserve Interest Rate Trends
By Julie Tollifson Friday, April 27, 2018
Many real estate investors are aware of how critical interest rates are in the evaluation and performance trajectory of their investment properties. As a result of the 2008 financial crisis the Federal Reserve (the Fed) is taking unprecedented action and raising interest rat...
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Boise Apartments Still Booming

Blog Post Boise Apartments Still Booming
By Tony Drost Monday, April 23, 2018
Moe Therrien with Valbridge Property Advisors recently submitted his quarterly survey.  This is a very thorough report that includes historic data on rents and vacancy by bedroom count. Additionally, it breaks down apartments from those with full amenities, Boise downtown, a...
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FRPM Vacancy Update

Blog Post FRPM Vacancy Update
By Melissa Sharone Tuesday, February 27, 2018
2 months in to the 2018 rental year we are still seeing low vacancy.  FRPM vacancy right now is 1.12% which is slightly higher than our rate in January but still low compared to the national average.  We are seeing lots of activity on the rental side with increased amou...
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What to Expect in the Rental Market in 2018

Blog Post What to Expect in the Rental Market in 2018
By Tony Drost Tuesday, February 6, 2018
Recently Forbes Real Estate Council posted an article, titled, Four Trends that Will Impact Rental Markets in 2018, and we have included the full text below.  The article below was written by Nathaniel Kunes with AppFolio, which is a property management software.  We en...
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New Tax Plan and You!

Blog Post New Tax Plan and You!
By Kurtis Tarbet Friday, February 2, 2018
As of January 1, 2018, there are some major tax changes that small businesses and property owners can get excited about! To start the list off is the new Pass Through Tax Deduction. This new deduction, if eligible, can reduce your passive taxable income by 20% right off the bat, ...
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4th Quarter Vacancy and Rental Rates Are In

Blog Post 4th Quarter Vacancy and Rental Rates Are In
By Melissa Sharone Thursday, January 18, 2018
The Southwest Idaho Chapter of Narpm just completed its 4th quarter Vacancy Survey.  The resutls show a slight increase in vacancy but rental rates are still going strong.  The overall vacancy for the treasure valley is still pretty low compared to past years.  The...
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