Forbearing rents during these uncertain times has been a top subject matter in our industry these last few weeks. Should an owner offer a forbearance, should they offer rent discounts or should they do nothing? Here at RentWise, we believe that preparation is the key to getting through this pandemic and economic struggles our community is facing so we are handling the issue head-on to ensure our … [Continue reading] about Forbearing rents in these uncertain times
There are big changes coming to the Treasure Valley in 2020, most of which stem from our valley's fast-paced growth and the challenges that come with that growth. The Treasure Valley is a hot spot for residents all over the country and beyond and we are feeling the crunch on every front, especially when it comes to housing! From the widening of roads, new housing developments, to new mayors in 3 … [Continue reading] about Treasure Valley in 2020
Are you concerned about a potential or current tenant giving you false assistance animal documentation? Yes, we were to for a while. The number of letters and notes we have received over the years from both legitimate and not so legitimate sources has skyrocketed in the last few years. How can you know when an assistance animal letter is truly legitimate? Well, thanks to a recent investigation … [Continue reading] about Assistance Animal Documentation
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] about Why is my property manager sending me a 1099?
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] about What is a Reasonable Accommodation Request
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] about Application Fee Cap in Boise City