Why is my property manager sending me a 1099 form? This is a question we get from time to time and while not everyone agrees on the same answer it is, in fact, a necessary evil. At least for now. Rental income reporting. We know that no one really likes "tax time" and certainly not having to claim more income than they have to because it means owing the IRS more at times. Even so, it … [Continue reading]
What is a reasonable accommodation request? By definition, under the Fair Housing Act, the housing provider is responsible for the costs associated with a reasonable accommodation unless it is an undue financial and administrative burden, while the tenant or someone acting on the tenant's behalf, is responsible for costs associated with a reasonable modification. What does this mean for you as … [Continue reading]
The city of Boise has passed a new city ordinance applying a cap on application fees. This ordinance was passed just a few days ago and property managers across the Treasure Valley are processing how to proceed on this front. You can read more about the ordinance in its entirety below. Here at RentWise, we know that properly screening potential tenants is one of the largest concerns for all … [Continue reading]
I don't know about you but holiday shopping always kind of sneaks up on me and then it's time to either jump online for some amazon prime shopping or head to the dreaded storefronts for that perfect gift. But what if holiday shopping had an extra bonus of giving back! I mean why not? You are most likely going to give gifts, what if they had an even bigger purpose? That seems like a win-win to … [Continue reading]
The NARPM Southwest Idaho Chapter conducts a vacancy survey each quarter by collecting data from local property management companies throughout the Treasure Valley including Ada and Canyon County. The data collected reveals the trends and current state of the local rental market so you can make an educated decision about your investments! Wondering whether Idaho is the best place to purchase an … [Continue reading]
Are your financial statements for your rental property giving you what you need? One of our first questions to new potential clients is "what are your current pain points with your property manager?" One of the answers is always in regard to their monthly financial statements. Do you have a clear picture of your property's financials? Knowing your properties financial health can seem … [Continue reading]