boise Archives - RentWise Property Management

Thanksgiving Hosting: Balancing Safety and Fun in Your Home

November 15, 2023

Thanksgiving is a time to come together with family and friends to express gratitude, share a delicious meal, and create lasting memories. If you’re the lucky one hosting this year’s festivities, your priority is to ensure everyone’s safety and, of course, to have a great time. We’ll guide you through hosting a Thanksgiving celebration that’s not only fun but also safe for everyone.

Plan and Organize

Before the big day arrives, create a plan. Start with a guest list and consider dietary restrictions or allergies. Organizing ahead of time allows you to prepare a well-balanced menu and ensure everyone’s needs are met.

Food Safety

Food is at the heart of Thanksgiving, but it’s also a potential source of foodborne illness. Follow these tips:

Thaw Safely: If you’re cooking a frozen turkey, ensure it’s thawed in the refrigerator, not on the counter.
Proper Cooking: Cook poultry to an internal temperature of 165°F (73.9°C) and use a food thermometer to be sure.
Leftovers: Store leftovers within two hours and consume them within a safe timeframe.

Fire Safety

Thanksgiving often involves a lot of cooking, so be mindful of fire safety:

Keep Flammable Items Away: Ensure kitchen towels, pot holders, and curtains are away from the stovetop.
Fire Extinguisher: Have a working fire extinguisher nearby.
Never Leave the Kitchen Unattended: Stay in the kitchen when cooking and turn off the stove when done.

Home Safety

Make sure your home is safe for guests, especially if you’re expecting children and elderly family members:

Clear Walkways: Remove any clutter and tripping hazards.
Secure Rugs: Ensure rugs are non-slip or use rug grips to prevent falls.
Proper Lighting: Make sure the pathways are well-lit, especially if guests arrive after dark.

Alcohol Responsibly

Thanksgiving often includes alcohol, so encourage responsible drinking. Provide non-alcoholic alternatives for designated drivers, and keep an eye on your guests’ alcohol consumption to ensure everyone stays safe.

Entertainment

Keep the mood festive with fun activities and entertainment. Plan a few games, or encourage guests to share stories of gratitude. These moments can make your Thanksgiving gathering truly memorable.

Be a Gracious Host

Thanksgiving is a time for gratitude, so be a gracious host. Welcome your guests warmly, provide comfortable seating, and make them feel at home. This will set the stage for a joyful and memorable celebration.

Clean-Up

Once the festivities are over, ensure a thorough clean-up. This prevents accidents and makes your home safe and welcoming for future gatherings.

Hosting Thanksgiving can be a delightful and safe experience with the right preparation. By following these tips, you’ll be able to focus on creating cherished moments with your loved ones, knowing that everyone is in good hands and can fully enjoy the holiday. Have a happy and safe Thanksgiving!

The Role of Property Managers in Real Estate Investing

October 1, 2023

Real estate investing can be a lucrative endeavor, but it often comes with a range of responsibilities that can be overwhelming for property owners. This is where property managers step in. Their role is more than just collecting rent; they play a crucial part in the success of your real estate investments. In this blog, we’ll explore the significant role property managers play in real estate investing.

1. Tenant Acquisition and Screening:

Property managers are experts at finding and screening tenants. They can help you attract quality renters, reducing the risk of rent defaults, property damage, or legal issues. Thorough background checks, credit assessments, and rental history verifications are part of their tenant screening process.

2. Setting Competitive Rental Rates:

Property managers conduct market research to determine the optimal rental rates for your properties. They ensure you maximize your rental income while remaining competitive in the local market. This expertise can significantly impact your return on investment.

3. Handling Lease Agreements:

Lease agreements are legal documents that protect both landlords and tenants. Property managers ensure these agreements are comprehensive and comply with all local and state regulations. They also handle lease negotiations, renewals, and terminations.

4. Rent Collection and Financial Management:

Collecting rent on time is crucial for maintaining a steady income from your investments. Property managers take care of this task, sending out reminders, and handling late payments. They can also manage property-related finances, including paying bills and taxes.

5. Property Maintenance and Repairs:

Maintaining your property’s condition is essential for preserving its value. Property managers oversee regular maintenance and respond promptly to repair requests from tenants. This proactive approach ensures the property remains in excellent condition.

6. Legal Compliance:

Navigating the complex landscape of landlord-tenant laws and regulations can be challenging. Property managers stay up-to-date with these laws and ensure your property complies with all relevant regulations. This minimizes the risk of costly legal disputes.

7. Emergency Response:

Property managers are on-call to handle tenant emergencies, such as plumbing issues, electrical problems, or security concerns. Their prompt response not only keeps tenants satisfied but also prevents potential damage to your property.

8. Tenant Relations:

Maintaining positive relationships with tenants is crucial. Property managers act as intermediaries, addressing tenant concerns and ensuring their needs are met. This fosters a more harmonious renting experience.

9. Marketing and Advertising:

When a property becomes vacant, property managers handle marketing and advertising to attract new tenants swiftly. Their expertise in showcasing the property’s strengths can reduce vacancy periods.

10. Investment Strategy and Planning:

Experienced property managers can provide valuable insights into your real estate investment strategy. They can advise on property acquisition, expansion, and even exit strategies, helping you make informed decisions.

Professional property managers are invaluable partners in real estate investing. Their expertise in tenant acquisition, financial management, property maintenance, and legal compliance can make the difference between a successful and stressful investment experience. By entrusting your properties to skilled property managers, you can optimize your returns and enjoy the benefits of passive real estate investing.

Looking for Boise Property Management for your rental property? Give us a call today at 208-949-3083 or find out what your home will rent for with our FREE Rental Estimate.

SW Idaho NARPM | Q2 2023 Vacancy Report!

August 16, 2023

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! This is to help investors gauge property performance and vacancy rates in the respective county that their rental properties are in.

The Southwest Idaho Chapter of the NARPM(National Association of Residential Property Managers) has released its findings from the 2023 Q2 Vacancy and Rental Trends survey. The report is as of March 31, 2023, with 20 respondents. This survey tracks key performance indicators and market trends for single and multi-family homes across the Ada and Canyon County region. There are a total of 5,207 managed between the counties, with a total of 287 vacancies.

Q2 Vacancy Survey Results

The number of vacancies in this report increased by 107. However, the reported number of rentals managed significantly increased by 409 homes. The 1st quarter of 2023 closed out with an overall vacancy rate of 5.11%. The data collected indicates that vacancy rates are beginning to level out.

Rental Rates

Ada County single-family rental rates increased this quarter by an average of $24 per unit per month. The overall marketed rent rate for the combined single and multi-family comes in at $1,977 per month. To compare, that is a 1.23% monthly rental rate increase based on the Q1 2023 Vacancy Survey.

Canyon County rental rates showed a significant rental rate decrease this quarter! The rental rates for single-family homes showed an average monthly decrease of $137. This puts the average rental rate at $1,550. The current data illustrates that rental rates in both Ada and Canyon Counties come in lower for multi-family properties than single-family homes.

Rental Rate Comparison By County

Here are some of the key metrics for review that are broken down by respective counties.

Stay tuned for the Q3 survey results that will be coming out in Summer 2023. If you have more questions about how we can help maximize the return on your investment property or would like more information about our services and how owning an investment property can be LESS HASSLE, MORE HAPPY, give us a call at 208-949-3083!

Let Freedom Ring! | Independence Day in the Treasure Valley!

June 26, 2023

Get ready to celebrate America’s birthday in style! The Treasure Valley is buzzing with excitement as we gear up for the 4th of July. From stunning fireworks displays to delicious food festivals, there’s something for everyone to enjoy. We have listed out a few of the biggest events around the city. So grab your friends, family, and your favorite red, white, and blue gear, and get ready to have a blast at these fun-filled events!

4th of July Parade in Downtown Boise

Start the day with family and friends at Cecil D. Andrus Park for the Veteran Entrepreneur Alliance pancake breakfast! The parade starts at 10:00, but the kickoff events begin at 7:00!

5:00am – 7:00am: CBS2 Live News from Idaho Capitol
7:00am: CapEd’s Read to Rise hot air balloon launch from Capitol
7:00am: Veteran Entrepreneur Alliance Breakfast in Cecil D. Andrus Park
9:17am: Reading of Declaration of Independence in front of the Capitol
10:00am: Idaho 4th of July Parade from Boise starts

Meridian Independence Day Festival

Meridian City is looking forward to a grand fireworks display in Storey Park to celebrate Independence Day! The park will be open to families for picnics and fireworks viewing. Food trucks will be onsite at 4:00 pm for snacks and tasty local cuisine.

Date: Tuesday, July 4, 2023
Time: 4:00 – 10:30 PM
Location: Storey Park
205 E. Franklin Road, Meridian (corner of Franklin and Meridian roads)

Fourth of July Fireworks at Ann Morrison Park in Boise

The fireworks are scheduled to begin at 10:15 p.m. (dusk) on Independence Day, but festivities in Ann Morrison Park will begin at 6 p.m. Food and drink vendors will be on site, and beer and wine will be available for purchase for those 21 and older. New this year, enjoy the new interactive fountain.

City of Caldwell Independence Day Celebration!

Lakeside Liberty Fest | McCall

Lakeside Liberty Fest is McCall’s annual Fourth of July Celebration!

July 3rd-

Movie by the Lake, showing Top Gun: Maverick at Dusk

July 4th-

Yoga at the Sundial @10am
Watch or participate in the Volleyball Tournament @10am *Register at www.mccallrec.com
Stop by the City welcome tent for 4th swag and support local youth fundraisers @10am-4pm
Let your littles bounce for free ages 5 and under at the Legacy Park bounce house sponsored by SERVPRO @11am-4pm
End your Independence Day watching the big Garden State Fireworks display presented to you by the City of McCall @ Dark

Whether you choose to have a backyard BBQ, watch a fireworks show, or participate in a patriotic craft, there are endless ways to show your love for America. We believe that the Treasure Valley has some of the best events to bring our incredible community together. The most important thing is to spend time with loved ones and reflect on the freedoms and liberties we enjoy as Americans. So, let’s make this 4th of July a day to remember and honor our great nation!

Resident Benefits Package | Benefits So Good, You May Never Want to Leave

June 9, 2023

Every resident deserves to feel secure and supported in their home. That’s why we’re excited to share our Resident Benefits Package by Second Nature, which includes a variety of valuable services! At RentWise Property Management, all of our residents get the #1, most-awarded experience for tenants!

What is a Resident Benefits Package & Who is Second Nature?

Filter Delivery Service

Our residents will automatically receive their HVAC filter delivered right to their door! This saves up to $250 per year and helps to maintain the integrity of the HVAC system for efficiency.

Credit Building

We’ll report every rent payment that you make so that you can continue to build your credit! We also can report up to the past 24 months for an immediate boost in your score. This will come in especially handy if, down the road you decide it’s time to purchase a home. Lenders love to see a strong credit history and timely payments being made.

$1M in Identity Protection

1 in 4 Americans are victims of identity fraud. All adult leaseholders get $1M in identity protection!

Resident Rewards

Each time you make an on-time rent payment, you’ll be rewarded! Residents can earn gift cards and substantial savings while shopping in the marketplace!

Additional Benefits for Residents

Want to learn more about our services or how to become one of our happy tenants? Contact us at 208-949-3083 or check out our website at www.rentwisepm.com.

10 Essential Tips for a Smooth Move into Your New Rental Home

May 16, 2023

Moving into a new rental home can be both exciting and overwhelming. Whether it’s your first time or you’re a seasoned renter, there are always new challenges and experiences to navigate. In this blog post, we’ll share some tips and insights to help make your transition as smooth as possible.

Take an inventory of the condition of the premises: Before you start moving your belongings into the rental home, take a walk around and check for any damages or existing issues. Document any damage you find with photos and notes. This will help you avoid any disputes with the landlord over damage you didn’t cause.

Clean the rental home: Even if the rental home looks clean, it’s always a good idea to give it a deep clean before you start unpacking. Scrub the floors, clean the windows, wipe down the surfaces, and make sure everything is spotless.

Set up utilities: Make sure you take care of any utilities that need to be set up in your name, such as electricity, gas, and internet. You don’t want to move into a new home and be stuck without any power or internet.

Change your address: Notify the post office, your bank, and other important contacts of your new address. This will help ensure that you receive your mail and important documents at your new rental home.

Test smoke detectors and carbon monoxide detectors: Make sure that all smoke detectors and carbon monoxide detectors are working properly. If they’re not, notify your landlord immediately so they can be fixed or replaced.

Check the locks: Test all locks on doors and windows to make sure they’re working properly. If any locks are not secure, notify your landlord immediately.

Get renter’s insurance: Renter’s insurance can help protect your belongings in case of theft or damage. Getting this set up before you move in is a good idea and is usually required by your landlord.

Meet your neighbors: Introduce yourself to your neighbors and get to know them. They can be a valuable resource if you need help or have any questions about the area.

Familiarize yourself with the neighborhood: Take a walk around the neighborhood to get familiar with the area. Find out where the nearest grocery store, gas station, and other important locations are.

Set up your furniture and belongings: Finally, it’s time to start moving in your furniture and other belongings. Take your time setting up everything in the way that works best for you.

Moving into a new rental home is a significant milestone, and we hope that the information we’ve shared has been helpful to you. Remember to take things one step at a time, stay organized, and don’t be afraid to reach out for help if you need it. With a little patience and perseverance, you’ll be settled into your new home before you know it! If you are in the market for your next dream home, please be sure to visit our Available Properties and schedule a viewing! It is our motto to make the moving process LESS HASSLE, MORE HAPPY!