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First Rate Property Management Blog

Blog Post Beware of Rental Scams

Beware of Rental Scams

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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Blog Post Pros and Cons of Airbnb

Pros and Cons of Airbnb

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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Blog Post 1st Quarter Vacancy Update!

1st Quarter Vacancy Update!

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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Blog Post Boise Rents Support High Prices

Boise Rents Support High Prices

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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Blog Post FRPMs Operations Manager Receiving Residential Property Manager Certification!

FRPMs Operations Manager Receiving Residential Property Manager Certification!

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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Blog Post First Rate Metric Update

First Rate Metric Update

We wanted to take a moment to update you on some metrics that First Rate tracks to help keep you updated on the market and any new trends that are headed our way. With the first quarter completed for 2019, things are looking great!Vacancy – 1.85%- It happens to be...
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Blog Post Virtual Tours with 360 Cameras

Virtual Tours with 360 Cameras

We recently made an investment to improve our marketing for upcoming rental units. While this will supplement our current marketing plan, we feel that this new technology will add a great deal of value to our prospective tenants and property owners, while injecting a little fun!P...
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Blog Post Your Gift Horse Has Been Delivered!

Your Gift Horse Has Been Delivered!

On 3/22/19 the Federal Reserve Open Market Committee, which sets short-term interest rates, declined to raise rates.  Further, it appears the Fed’s current disposition is to not raise rates in the near-term.   NYT 3/20/19:Forecasts released at the end of the two-d...
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Blog Post The Value of Employee Development

The Value of Employee Development

As a successful property management company not only in the Boise area but among many property managers in the nation, First Rate Property Management understands the importance of continuous improvement. In fact, our company's vision statement is, "Maintain recognition a...
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Blog Post Blog and Vacancy Update!!

Blog and Vacancy Update!!

New Blog:   We have moved our blog to a new site. Please click the link below to subscribe to our new blog. This link will take you to our new site and you will see the subscribe box on the right hand side of the page. Just type in your e-mail and hit subscribe. It will...
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