You've decided to turn your property into a rental home. Hooray! Self-managing your rental properties may often seem like an easy task & a good idea. However, you may soon realize that managing a rental property involves a TON of work and a time commitment many investors do not have. When you decide to self-manage, essentially, you become the "everything" person. What does that mean? You … [Continue reading]
It's no secret families with children and pets are ideal long-term tenants. Once families begin to expand, it is difficult for them to unnecessarily move from one place to the next every year or so. Recent statistics show that families generally stay put on average for three years. Those are great odds for rental property investors. When searching for their next home, families typically have a … [Continue reading]
Do you own a rental property in the Treasure Valley in Idaho? The overall vacancy rate between Ada & Canyon counties is at an all-time low of 1.67%! Although the vacancy rate is historically low, your rental property will become vacant at one point or another. However, you may not have considered that a vacant home is a desirable target for thieves, crime, and vandalism. Empty homes are … [Continue reading]
Undoubtedly, living at any property, you can expect things to break from time to time. Do you know what is considered an emergency maintenance situation? Sometimes, it can be undeniable in situations such as a severely leaking roof causing it to rain outside and inside your home. This certainly qualifies as an emergency, and requests must be submitted quickly. Other times, it may seem unclear as … [Continue reading]
Have you ever wondered how to gauge the vacancy rate of a particular market? Further, have you ever wondered what the vacancy rates are based on the type of property you invest in? Well, you are in luck if you are investing in the Treasure Valley! Each quarter the NARPM Southwest Idaho Chapter conducts a vacancy survey with data sourced from local property management companies! The Southwest … [Continue reading]
The world around us is surrounded by technology that is constantly evolving. Investment property owners are following the trends, and some have been converting their rental properties into 'smart homes'. The technology industry has created devices that range from video doorbells, voice-activated appliances, noise control, flood detection, and more! While smart home devices were created for … [Continue reading]