First Rate Property Management Blog

TREASURE VALLEY RENTAL MARKET A TOUGH NUT TO CRACK

Blog Post

By Melissa S. Sunday, January 1, 2017

All Saved Up with Nothing to BuyBelow is an article from the Idaho Business Review that sums up the Boise area investment market fairly well.  Interest rates, low vacancy, higher rents, and low inventory has boosted consumer confidence.  However, there is little on the ...

Read More

BOISE IDAHO FOURPLEX COMPLEX DILEMMA

Blog Post

By Melissa S. Sunday, January 1, 2017

New WebsiteFor a decade First Rate Property Management's website dominated the Search Engine Optimization.  Google makes changes to their algorithms to prevent cheaters, and perhaps for personal reasons, such as using their own website building tools and pay-per-click ca...

Read More

Second Home Rentals

Blog Post

By Melissa S. Sunday, January 1, 2017

Earlier this week I attended a meeting where the guest speaker was Arla Kester, CPA with BA Harris and Associates. Arla provided information on many of the new tax laws as well as some general tax issues. I thought I would disseminate some of the most relevant information over th...

Read More

Who Says Buying is Better than Renting?

Blog Post

By Melissa S. Sunday, January 1, 2017

Below is a link to an article stating that buying is cheaper than renting.  All of us that invest in rentals pretty much had that figured out.  Initially the article sites national numbers that really don't come close to Boise numbers. The article states that within...

Read More

Keys to Excellence

Blog Post

By Melissa S. Sunday, January 1, 2017

Last week, Lizz Loop, MPM® RMP® and I attended the National Association of Residential Property Managers Annual Convention in San Diego.  I taught a designation class on Owner/Client Relations, which is something I like to think FRPM does very well.  I contribut...

Read More

Hoarding Defined As A Disability?

Blog Post

By Melissa S. Sunday, January 1, 2017

The article below covers hoarding as a possible Fair Housing issue.  Apparently if a tenant is diagnosed as a hoarder they would have housing protection due to this newly discovered handicap.  The problem is hoarding can be dangerous to the occupants and surrounding ten...

Read More

Population Growth Behind Rising Treasure Valley Home Prices

Blog Post

By Melissa S. Sunday, January 1, 2017

Below is a link to a news story by Justin Corr with KTVB explaining why the Boise area housing market continues to improve.  Within the story, Justin explains how home values have improved and in part, due to growth within the Boise Valley with most of that growth being in M...

Read More

Why We Recommend the Things We Do

Blog Post

By Melissa S. Sunday, January 1, 2017

Years ago, First Rate Property Management started using SmartStrand carpet like what you see below. Most of what we use is speckled and has a high and low cut. The color specs and height variations help hide stains and traffic wear and added to the characteristics of the carpet i...

Read More

Boise Idaho Four-Plex Market Update

Blog Post

By Melissa S. Sunday, January 1, 2017

I collect the sales data on all four-plexes sold within Ada County. I then make some calculations to find certain market indicators. One of the easiest, is Gross Rent Multiplier (GRM).Currently the average GRM is 113 times the monthly gross rental income. If the gross monthly ren...

Read More

Boise Hot-Spot Moves West

Blog Post

By Melissa S. Sunday, January 1, 2017

For as long as I can remember, I've always said that West Boise is a strong market, for both sales and rental properties. When I was a kid, the busiest intersection in all of Idaho was Fairview and Cole Road. In fact, as a kindergartner, I walked 3/4 of a mile every day to Co...

Read More