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First Rate Property Management Blog

Strong Rental Market

Blog Post Strong Rental Market
By Melissa Sharone Monday, July 30, 2018
Below and attached is an article from the Mortgage Bankers Association who reports that the demand to rent is holding up to the rapid growth in supply across the nation. A 'Resilient' Multifamily MarketMichael Tucker mtucker@mba.orgJuly 26, 2018 The first half of 201...
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Is Your Money Safe?

Blog Post Is Your Money Safe?
By Tony Drost Thursday, July 5, 2018
Over the past few decades, there have been several property managers go out of business and the rumor is, when they did, they took and/or spent tenant deposits and rents.  As of recent, a number of Ada and Canyon County investors have filed claims against another local prope...
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Where Is It Going? The Rental Housing Market

Blog Post Where Is It Going? The Rental Housing Market
By Tony Drost Tuesday, July 3, 2018
Below is an article in the July issue of the Residential Resource, written by Colleen Harding from Miami.  Within the article, Colleen describes factors that are making up today's housing rental market.  Much of what Colleen has to say is what we have reported in th...
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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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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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