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First Rate Property Management Blog

SW Idaho NARPM 3rd Quarter Vacancy Report

Blog Post SW Idaho NARPM 3rd Quarter Vacancy Report
By Melissa Sharone Tuesday, October 29, 2019
                The 3rd quarter Narpm vacancy survey is out and it shows that vacancy dropped quite a bit from the 2nd quarter but that is to be expected. It is the time of year when things slow down for the rental industry. The vacancy for...
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2019 State of the Property Management Industry Report

Blog Post 2019 State of the Property Management Industry Report
By Tony Drost Thursday, October 24, 2019
Mid October, a group of us from FRPM attended the National Association of Residential Property Managers (NARPM) Convention held in Phoenix.  One of the sessions I attended was the 2019 State of the Property Management Industry Report.  This report was a collaborative ef...
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Treasure Valley Vacancy Trends - What FRPM Does to Combat Fall Market Decline

Blog Post Treasure Valley Vacancy Trends - What FRPM Does to Combat Fall Market Decline
By Julie Tollifson Thursday, September 5, 2019
              Currently we have a vacancy rate of 2.48%. This is ever so slightly above last year’s vacancy rate of 2.47% at this time. This vacancy number depends on the time of the month. Of all of our vacant units 61% are already re-ren...
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Property Management Perspective: Boise considering capping rental application fees at $30

Blog Post Property Management Perspective: Boise considering capping rental application fees at $30
By Julie Tollifson Thursday, August 29, 2019
Property Management Perspective: Boise considering capping rental application fees at $30Boise City councilwoman, Lisa Sanchez, is working to put a cap on rental application fees. While I believe her intentions are of pure heart, I feel that her suggested resolution does not...
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Property Management: Organized Chaos

Blog Post Property Management: Organized Chaos
By Julie Tollifson Wednesday, August 28, 2019
               Among the exponential growth in population in Boise, ID includes increased rental rates to assist clients in capitalizing on their investments. Unfortunately, Boise natives’ wages are falling behind these rental rates t...
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Mid-Year Housing Summit Summary

Blog Post Mid-Year Housing Summit Summary
By Melissa Sharone Tuesday, July 23, 2019
Earlier this month, Tony attended the Boise Regional Realtor’s Ada County Housing Summit. Within this blog, we wanted to focus on the mid year housing market report. Some of the other speakers spoke on topics such as, revitalizing community neighborhoods, affordable housing...
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NARPM 2nd Quarter Vacancy Survey

Blog Post NARPM 2nd Quarter Vacancy Survey
By Melissa Sharone Friday, July 19, 2019
The SW Idaho Chapter of Narpm just released its 2nd quarter vacancy survey.  The results are pretty typical for this time of year.  The vacancy overall went up a little but that is because this is the time of year where the rental activity is the highest.  Good new...
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The 10% Rule

Blog Post The 10% Rule
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 Part 3 - How to Manager Your Manager
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 Part 2- How to manage your manager
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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