First Rate Property Management Blog

The Importance of Renters Insurance

Blog Post

By Melissa S. Sunday, January 1, 2017

Benjamin Franklin once said, "By failing to prepare, you are preparing to fail."  For a renter, preparing to move into a new rental can be overwhelming, but there is one step that is a simple preparation for unexpected events, which is obtaining Renter's Insura...

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Consistent, Fair & Compliant - Deposit Return Process

Blog Post

By Melissa S. Sunday, January 1, 2017

Consistent, fair and compliant are the 3 key words Marie Swanson used to describe the Security deposit return process.  This very detailed article covers several helpful tips to follow when it comes to returning a tenants security deposit.   Some of the most important s...

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Boise Increasing Rents Prove Sustainable

Blog Post

By Melissa Sharone Sunday, January 1, 2017

As rents have increased over the past few years, we have taken the position that Boise wages could not support these rents and that rents would stabilize or maybe even drop.   Idaho currently ranks 47th in the nation when it comes to median household income per capita and ha...

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Multifamily Rentals Dynamic

Blog Post

By Melissa S. Sunday, January 1, 2017

Harty Mortgage Advisors sent out the attached graphs that were created by Arbor Financial, a Fannie and Freddie lander.  The three charts reflect the state of multifamily rental demand and the drop in homeownership that is exacerbating the unmet demand for rentals.

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Is your Boise Property Manager Selling?

Blog Post

By Melissa S. Sunday, January 1, 2017

Our 3 part series about the history, current trends, and the future of residential property management received the most views and comments than any other.  A good share of questions came from rental owners.  Some wanted to share their experience while others wanted adv...

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How Homeowners and Tenants Can Avoid Locksmith Scams

Blog Post

By Melissa S. Sunday, January 1, 2017

Unlike many other states, Idaho has no law that pertains to locks and locksmiths for rental properties and as a result, many Idaho Landlords do not change the lock between tenants.  FRPM's policy is to change the locks after every tenant to ensure the safety of the new t...

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Seize the Opportunity

Blog Post

By Melissa S. Sunday, January 1, 2017

First Rate Property Management's Leasing Team Leader, Kristen Curtis, recently wrote an article called Seize the Opportunity, This article was published in the Oct/Nov issue of the Residential Resource.  The Residential Resource is a trade magazine for professional resid...

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The Washington Attorney Generals' Office says it's racially discriminatory to use a felony convictio...

Blog Post

By Melissa S. Sunday, January 1, 2017

Source:  http://mynorthwest.com/425356/attorney-general-follows-through-on-stiffer-landlord-restrictions/We received the below from a concerned Landlord.  Additionally we have since learned that the WA State AG has offered a Consent Decree with a $15,000 fine.  Som...

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Building Wealth with Rental Properties

Blog Post

By Melissa S. Sunday, January 1, 2017

Below is a link from  a blog posting from Mike Hambright with Flipnerd.com.  I found  the first few paragraphs  to be very good for those investing or looking to invest into rental properties.  After that, the article moves away from what I see with my cl...

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BOISE PROPERTY MANAGER VISITS DC

Blog Post

By Melissa S. Sunday, January 1, 2017

Tony Drost of NARPM Visits DCAs the President of NARPM, I went to Capitol Hill in DC last week to talk to the Idaho representatives in Congress and Senate about bills in the works that affect Idaho property owners.  I was accompanied by Dave Winder with the Certified Commerc...

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