First Rate Property Management Blog

Absolutely Reliable Prediction on Interest Rates

Blog Post

By Tony Drost Tuesday, August 7, 2018

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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CO and Smoke Detectors Do Expire

Blog Post

By Tony Drost Wednesday, August 1, 2018

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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Strong Rental Market

Blog Post

By Melissa Sharone Monday, July 30, 2018

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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Is Your Money Safe?

Blog Post

By Tony Drost Thursday, July 5, 2018

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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Where Is It Going? The Rental Housing Market

Blog Post

By Tony Drost Tuesday, July 3, 2018

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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What Potential Rent Control in California Means for Idaho

Blog Post

By Jim Sharone Wednesday, May 30, 2018

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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Property Taxes! What to Expect

Blog Post

By Tony Drost Tuesday, May 15, 2018

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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FRPM Metrics

Blog Post

By Melissa Sharone Friday, May 11, 2018

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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1st Quarter Vacancy Survey

Blog Post

By Melissa Sharone Monday, May 7, 2018

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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Federal Reserve Interest Rate Trends

Blog Post

By Julie Tollifson Friday, April 27, 2018

Many real estate investors are aware of how critical interest rates are in the evaluation and performance trajectory of their investment properties. As a result of the 2008 financial crisis the Federal Reserve (the Fed) is taking unprecedented action and raising interest rat...

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