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First Rate Property Management Blog


Blog Post Increased Rents Create Parking Issues

Increased Rents Create Parking Issues

In a million years, would you have ever thought that ascending rents would cause parking problems?  Well, it is, and not just in multi-family complexes either.  As Boise area rents have increased, many tenants have solicited roommates to help defray costs and many of th...
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Blog Post Absolutely Reliable Prediction on Interest Rates

Absolutely Reliable Prediction on Interest Rates

Jack Harty with Harty Mortgage Advisors frequently updates his clients with wit and humor.WARNING: Don't believe the Subject line above.  There is no reliable method for predicting interest rate movement beyond the next fiscal quarter.  While there are many methods ...
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Blog Post CO and Smoke Detectors Do Expire

CO and Smoke Detectors Do Expire

First Rate Property Management received the below email from the Deputy Chief - Fire Marshal of Meridian Fire.  Also, they provided the attached Smoke and Carbon Monoxide Detector Log Sheet and Parking Lot Safety Tips.FRPM:  tests, replaces, and adds detectors as needed...
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Blog Post Strong Rental Market

Strong Rental Market

Below and attached is an article from the Mortgage Bankers Association who reports that the demand to rent is holding up to the rapid growth in supply across the nation. A 'Resilient' Multifamily MarketMichael Tucker mtucker@mba.orgJuly 26, 2018 The first half of 201...
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Blog Post Is Your Money Safe?

Is Your Money Safe?

Over the past few decades, there have been several property managers go out of business and the rumor is, when they did, they took and/or spent tenant deposits and rents.  As of recent, a number of Ada and Canyon County investors have filed claims against another local prope...
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Blog Post Where Is It Going? The Rental Housing Market

Where Is It Going? The Rental Housing Market

Below is an article in the July issue of the Residential Resource, written by Colleen Harding from Miami.  Within the article, Colleen describes factors that are making up today's housing rental market.  Much of what Colleen has to say is what we have reported in th...
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Blog Post What Potential Rent Control in California Means for Idaho

What Potential Rent Control in California Means for Idaho

Tenant advocates in California have received enough signatures for a ballot initiative to repeal the Costa-Hawkins Rental Housing Act. This would allow extreme Rent Control in California cities and counties where many saw rents increase by 40% over the past 3 years.    ...
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Blog Post Property Taxes! What to Expect

Property Taxes! What to Expect

It's that time of the year again where Ada County homeowners and Landlord's will be receiving their tax assessment notices.  On average, we're anticipating about a 12% increase in assessed values on residential homes.  Small multifamily (2-4) units will see ...
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Blog Post FRPM Metrics

FRPM Metrics

Below is a summary of some of the metrics that we are tracking for our leasing department.  It showcases our low vacancy rate and  our high renewal rate. As you can see, our vacancy for all of 2018 has been significantly lower then the national rate.   It also high...
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Blog Post 1st Quarter Vacancy Survey

1st Quarter Vacancy Survey

NARPM has published its 1st quarter vacancy survey for the 2018 year.  The rents are still increasing for both multi and single family.  The overall vacancy was up just slightly from last quarter, but that is pretty standard  for this time of year.  FRPM has a...
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