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First Rate Property Management Blog

Q1 NARPM Vacancy Survey

Blog Post Q1 NARPM Vacancy Survey
By Melissa Sharone Tuesday, April 27, 2021
The SW Idaho Chapter of NARPM just released its1st quarter vacancy survey and the results are record breaking.  The data collected indicates that the trends in Ada & Canyon county vacancy rates have decreased by 3.47% from the 1st quarter of 2020 to the 1st quarter of 20...
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SW Idaho NARPM Vacancy Report Q4 2020

Blog Post SW Idaho NARPM Vacancy Report Q4 2020
By Kat K. Wednesday, January 27, 2021
Closing out 2020, Q4 Vacancy Reports from the National Association of Residential Property Management indicated the lowest vacancy rates that has been reported in over 15 years! As Idahoans continue to spend more time at home as a result of the lingering COVID-19 pandemic, low va...
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Boise Housing Market Continues to Break Records

Blog Post Boise Housing Market Continues to Break Records
By Kat K. Tuesday, December 15, 2020
As the Boise housing market continues to break records for high prices and low inventory, local renters who are on the quest for homeownership are finding it more and more difficult to make the transition. In August 2020, the average median home price in Boise reached $400,000 fo...
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SW Idaho NARPM Vacancy Report Q3 2020

Blog Post SW Idaho NARPM Vacancy Report Q3 2020
By Julie Tollifson Friday, October 23, 2020
View Report Here Quarter 3 Vacancy Report from the National Association of Residential Property Management indicated that Canyon and Ada County both had a slight increase in vacancy since quarter 2. Less than ½ a percent, but an increases none the less.  Of these vaca...
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Eviction Ban Moratorium - What You Need to Know

Blog Post Eviction Ban Moratorium - What You Need to Know
By Julie Tollifson Wednesday, September 9, 2020
On the 1st of September, the Center for disease Control and Prevention (CDC) issued a nationwide moratorium to protect individuals from eviction upon non-payment of rent until the end of 2020. This order went into effected in the Federal Register on Friday, September 4.Under the ...
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NARPM SW Idaho 2nd Quarter Vacancy Report

Blog Post NARPM SW Idaho 2nd Quarter Vacancy Report
By Julie Tollifson Friday, July 31, 2020
The National Association for Residential Property Management; SW Idaho Chapter to have a 4.14% Vacancy for Q2 of 2020. The industry has been stagnant since Q1. Similar to last quarter, landlords are wanting to be proactive and anticipate a potentially higher vacancy. In order to ...
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Maintenance by Season

Blog Post Maintenance by Season
By Lacey Hofman Monday, July 20, 2020
When looking at routine maintenance, proper planning can save time and energy. There are different projects a property manager or Landlord can focus on, depending on the time of year.  Planning and setting the expectations with the vendors prior to the work starting will hel...
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Real Estate Investors Flock to Boise...but why

Blog Post Real Estate Investors Flock to Boise...but why
By Tony Drost Monday, June 1, 2020
Real Estate Investors Flock to Boise...but why? Low Property Tax:Property Taxes in Boise range from 1.1% to 1.8% of assessed home value, depending on location. Meridian is about 1.3% and Eagle is 1.1%.  Investors looking at Canyon County can expect to pay about 2% of the ass...
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$1 of Rent

Blog Post $1 of Rent
By Melissa Sharone Thursday, April 30, 2020
Below is a very good graphic provided by the National Apartment Association that explains the value of $1 of rent.  It creates a clear transparent breakdown of where the money goes and in our opinion clears up the misconception that "landlords" take home large marg...
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PROACTIVELY REPLACING WATER HEATERS:

Blog Post PROACTIVELY REPLACING WATER HEATERS:
By Julie Tollifson Friday, April 24, 2020
PROACTIVELY REPLACING WATER HEATERS: One of the unknown, inevitable, and scary parts of owning any property, not just an investment property, is unexpected expenses for repairs and replacements. Sometimes the expenses are small, but other times, they can be quite costly.  Wa...
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