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First Rate Property Management Blog

How to Manage your Manager Part 1 of 3

Blog Post How to Manage your Manager Part 1 of 3
By Melissa Sharone Tuesday, June 25, 2019
Earlier this week, Tony Drost spoke to the AVID Investors Club on How to Manage Your Manager.  Since Tony owns First Rate Property Management and FRPM manages all of his rentals, the attendees were expecting Tony to state "If you need to manage your manger, maybe you ne...
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Got A Minute To Consider Interest Rates?????

Blog Post Got A Minute To Consider Interest Rates?????
By Melissa Sharone Wednesday, May 29, 2019
Below is a brief article from Jack Harty on interest rates.  On 5-22-19 the Fed released minutes from its most recent meeting that concluded on May 1 with no increase in short-term interest rate. The Fed minutes suggest it will take a “patient approach” in deter...
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Beware of Rental Scams

Blog Post Beware of Rental Scams
By Melissa Sharone Tuesday, May 14, 2019
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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Pros and Cons of Airbnb

Blog Post Pros and Cons of Airbnb
By Jim Sharone Wednesday, May 1, 2019
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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1st Quarter Vacancy Update!

Blog Post 1st Quarter Vacancy Update!
By Melissa Sharone Monday, April 29, 2019
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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Boise Rents Support High Prices

Blog Post Boise Rents Support High Prices
By Tony Drost Monday, April 15, 2019
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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FRPMs Operations Manager Receiving Residential Property Manager Certification!

Blog Post FRPMs Operations Manager Receiving Residential Property Manager Certification!
By Julie Tollifson Friday, April 12, 2019
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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First Rate Metric Update

Blog Post First Rate Metric Update
By Melissa Sharone Tuesday, April 9, 2019
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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Virtual Tours with 360 Cameras

Blog Post Virtual Tours with 360 Cameras
By Jim Sharone Tuesday, April 2, 2019
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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Your Gift Horse Has Been Delivered!

Blog Post Your Gift Horse Has Been Delivered!
By System Friday, March 29, 2019
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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