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First Rate Property Management Blog


Blog Post Turning Units in a Timely Manor

Turning Units in a Timely Manor

Turning properties quickly is extremely important in Property Management. Now by turning, we mean getting the property rent ready for the new tenant to move in. The owner, tenant, and property management company all benefit from having the property turned as quickly as possible. ...
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Blog Post No Vacancy: Why You Should Care About Vacancy Rates Again

No Vacancy: Why You Should Care About Vacancy Rates Again

No Vacancy: Why You Should Care About Vacancy Rates Again.                Vacancy rates are still relevant, although they may not tell the whole story. I compare it to Earned Runs Average. That used to be what baseball (pitchers) were judge...
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Blog Post Odd Gift Receives Tenant Appreciation and Saves Landlords Money

Odd Gift Receives Tenant Appreciation and Saves Landlords Money

First Rate Property Management is blessed to have great Landlords as our clients (we don’t just take anyone).  Each of our clients provide their tenants with a welcoming gift that is delivered personally by a FRPM team member during the tenants move-in inspection. &nbs...
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Blog Post Investment Sales Still Strong

Investment Sales Still Strong

FRPM manages hundreds of fourplexes and I tend to sell more fourplexes than anything else within Ada County (mostly Boise and Meridian), so I gather and report the data.  The trends from the 4 plexes' sales seem to be a good indicator of the Boise real estate investment ...
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Blog Post Are Landlords Profiting from Application Fees?

Are Landlords Profiting from Application Fees?

Recently, a local news station ran a story about high application fees, and asks, "Are Landlords unfairly profiting off Treasure Valley affordable housing crunch?"  This prompted a number of inquiries to me asking if it's true.  "Yes", I believe ...
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Blog Post Update on Vacancy

Update on Vacancy

The U.S. Census Bureau announced the following residential vacancy statistics for the third quarter of 2018.The National vacancy rates for the third quarter were 7.1% for rental housing.As a general rule, 5%-8% vacancy is a good average although the city you are located in and re...
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Blog Post 3rd Quarter NAPRM Vacancy Results

3rd Quarter NAPRM Vacancy Results

The 3rd quarter NARPM survey results are out.  Overall things still look good for this time of year.  You will notice that the vacancy for single family homes is up right now.  FRPM has found over the last month that single family home rentals are slower to get ren...
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Blog Post 2nd Quarter SW Idaho NARPM Vacancy Trends

2nd Quarter SW Idaho NARPM Vacancy Trends

   The National Association of Residential Property Managers published a recent survey conducted by the SW Idaho chapter of NARPM during the month of June 2018. The survey took 7,091 total homes into account. These multi-family and single-family homes are spread across ...
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Blog Post Ada County Vacancy Trends

Ada County Vacancy Trends

Boise's rental market is undeniably booming. This growth has been the case for several years now and is expected to maintain its strength for months to come. Boise’s rental demand is contrary to the trends in other metropolitan areas in the United States where vacancy r...
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Blog Post HUD Files Against Facebook

HUD Files Against Facebook

Friday morning Housing and Urban Development (HUD) filed a formal complaint under the Fair Housing Act against Facebook. The claim alleges Facebook to use its advertising platform to engage in housing discrimination. These claims maintain that Facebook allows advertisers to contr...
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