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First Rate Property Management, Inc.
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First Rate Property Management, Inc.'s posts

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Vacancy Update

We just completed week 7 for our vacancy tracking in 2017 and things are looking great. We are currently at a record low of .3% and the trend of low vacancy looks promising in the weeks to come.

Read more at: http://boise-rentals.com/vacancy-update

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On a February 9th blog post, Park Place Property Management listed the top 5 management companies in the Boise area, which listed First Rate Property Management as #1. As they explained in their opening paragraph, investors need to be well informed and educated when it comes to choosing the right property management company for them. FRPM can not agree more.

Read More: http://boise-rentals.com/frpm-ranked-1

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2017 Real Estate Symposium

The Ada County Assessor's office recently hosted the 2017 Real Estate Symposium. The panelist were Mike Turner with Front Street Brokers, Tony Drost who represented both First Rate Property Management and Swope Investment Properties, and Terry Heffner with Guild Mortgage.

Read more at: http://boise-rentals.com/2017-real-estate-symposium

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2016 Performance Measures

Each department at First Rate Property Management tracks a number of metrics and we wanted to share a few. Each department tracks these to identify potential issues and changing trends. Most of what we track is for in-house use. For example, accounting tracks the percentage of late pays. Maintenance tracks the number of days to complete a turnover. Leasing tracks average rents, etc. So without further delay, here are four 2016 metrics that we wanted to share.

Read more at: http://boise-rentals.com/2016-performance-measures


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Rents soar for apartments and homes

The ascending rents continue to make the local news. Below is a recent article from the Idaho Statesman. The author cited the SW Idaho Chapter of NARPM's rent and vacancy numbers and quoted a local property manager who finds low cost housing for veterans. As I mentioned in the article, If population and employment continue to grow, I don’t see any indications that the rental market will slow in 2017.

Read More At: http://boise-rentals.com/rents-soar-for-apartments-and-homes

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2016's Top 10

Social media is an amazing and unpredictable platform. We never know what posts will go flat or actually go viral. The FRPM Facebook page consists of highlights of our blog posts, shared relavant posts, and fun and more personal posts. By far, the fun and personal posts get the most attention on Facebook.

Read more at: http://boise-rentals.com/2016s-top-10-

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Maximizing Rents – Part 2 - What you should consider

In part 1 of this blog series, Melissa explained reported rents are not effective rents. There could be back-end concession or other facts that overstate rents. Landlords should always have their property manager provide a market analysis before considering changes.
In part 2, I want the property owner to determine what their goals are and some considerations and potential costs before looking to maximize rents.

Read more at: http://boise-rentals.com/maximizing-rents--part-2---what-you-should-consider

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Maximizing Rents- Part 1 - What You See May Not Be What You Get

Like many parts of the county, the Boise area is seeing record high rents and low vacancies. Rents within our own management portfolio grew well over 10% on average this year. At some point, the rental market should stabilize. In the meantime, it is not unreasonable for landlords to want to maximize rents.

Read more at: http://boise-rentals.com/maximizing-rents--part-1---what-you-see-may-not-be-what-you-get

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Bowl Watch

Jack Harty is a Boise based commercial mortgage broker that every once in a while, shares his wit and humor by sending out market updates. This month he timely ties it into the football bowl selection process and Boise State's selection for the Cactus Bowl.

Read more at: http://boise-rentals.com/bowl-watch

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Latest News from Swope Investment Properties

Below is the most recent copy of the Swope Investment Properties newsletter. Their newsletter is all informative and full of good information regarding the residential investment market. This month's newsletter included an article from First Rate Property Management's Maintenance Coordinator, Tara Pecora.

Read More at: http://boise-rentals.com/latest-news-from-swope-investment-properties
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