First Rate Property Management Blog

Summer Is Here!

Blog Post

By Melissa S. Sunday, January 1, 2017

Tenant Turnover to IncreaseIn the past, I have described the seasonal cycle that we tend to see in the rental market. Typically the slowest month is December and January. Things then pick up each month from February thru May, with an explosion in June and July. Then in August it ...

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WSJ: New Housing Headwind Looms as Fewer Renters Can Afford to Own

Blog Post

By Melissa S. Sunday, January 1, 2017

First Rate Property Management has been agreeing that the demand to rent has increased over the past few years. Contrary to the attached WSJ article, we've been saying that we're seeing people who have the funds for a down payment, and the income to buy a home, choosing t...

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Where Did They All Come From?

Blog Post

By Melissa S. Sunday, January 1, 2017

Below is a link to a recent Idaho Statesman article titled, "Living and working in Idaho: Where did you come from, where did you go?" I don't have a lot to comment as I think the graphic I chose to post on this blog says a lot. However, there is some interesting inf...

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17 Things Only Someone Who's Been to Idaho Will Understand

Blog Post

By Melissa S. Sunday, January 1, 2017

The below was forwarded to me and I thought it was neat and would be of interest to everyone.Source: Matador Network by Hailey Hirst May 15, 2015 1. Idaho is more than just potatoes.Idaho's combined public lands total 12 million acres, including 2.4 million wilderness acres a...

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9 Top Cities Where You Get the Most for Your Money

Blog Post

By Melissa S. Sunday, January 1, 2017

Source: BusinessAdviceSource.comEven within the United States, the cost of living can vary drastically depending on which city you call home. If you would like to make your dollar stretch a little further, consider taking up residency in one of these nine cities: * Please no...

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MERIDIAN’S HARD WATER AND HYDRONIC COIL FURNACES

Blog Post

By Melissa S. Sunday, January 1, 2017

We’re all aware of Meridian’s notoriously hard water; you wash a glass and two seconds later it has a film on it. Now, think about what that hard water is doing inside a Hydronic Coil Furnace that has water in it constantly. We’ve had several units that have had...

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Is Fair Housing Fair?

Blog Post

By Melissa S. Sunday, January 1, 2017

Property Managers across the country are told all the time that Fair Housing laws are not fair to all people.  Tenants who are not considered a protected class, complain that those who are, receive unfair and preferential treatment.  Landlords complain to their property...

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Cash Flow Will Not Make you Rich

Blog Post

By Melissa S. Sunday, January 1, 2017

Cash Flow Will Not Make you RichI came across the following article or blog last week and the title was, Cash Flow Will Not Make You Rich, caught my attention and I thought it would be good reading for everyone. I agree and disagree with the emphasis of this article.I agree, cash...

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Why So Quiet

Blog Post

By Melissa S. Sunday, January 1, 2017

Why so quietI am behind in my blog entrees. Long time clients let us use their condo in Maui and I did very little work while we were there, so I have been working hard to catch up. I learned that people love videos and that these videos help get your blog passed on and read. So ...

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Who Is to Govern Property Managers

Blog Post

By Melissa S. Sunday, January 1, 2017

Four or five years ago, when the Idaho Real Estate Commission (IREC) came to Tony Drost, President of First Rate Property Management, looking for support in licensing of property managers, Tony was all for it and offered any assistance that he could provide. But based on a recent...

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