Across the country, various state and local governments are currently considering – or debating – legislative rent control measures. Oregon has taken the hot spot on this topic after legislation was recently introduced. And other states are taking a closer look at their laws as well.
This article from CBS outlines several points in the conversation. https://www.cbsnews.com/news/rent-control-could-be-coming-to-more-states-after-oregon/
We would love to hear your thoughts!
We absolutely LOVE our owners and tenants. We are dedicated to making sure that they have the tools needed to make their investments and lives easier. Here are some of the things they have said about us…
“RentWise has managed our property for several years. We appreciate the company’s professionalism, business model, knowledge, and interest in matters important to us. We have great confidence in RentWise’s recommendations, which in our experience have consistently proven correct. Ms. Wolfe and her staff address our questions and concerns in a timely matter, and we have great confidence in the answers and solutions they provide. RentWise is the finest property management company we have worked with.” – Bell P.
“My preferred Property Management company to refer my clients that are in need of a rental. They take amazing care of my people.” – Tosha C.
“Best Property managment I ever had!” – Bee G.
“(RentWise) was a very positive experience for us, as renters. Courtney was always available, and things were taken care of quickly.” – Laurie R.
“Love rent wise! Courtney is the best & you can tell the the team really cares. Highly recommend if you’re looking for property managers in the area!” – Megan B.
OWNERS: Looking for someone to manage your property to take the load off without the worry? We can definitely help you with that!
TENANTS: Don’t forget to check out our inventory of available homes. It changes daily so remember to check back while you are searching!
REAL ESTATE AGENTS: We pay referral fees and ALWAYS direct your clients back to you! Give us a call to chat about the details!
The purpose of this survey is to show vacancy and rental rate trends among single-family homes and multi-family units (2-15) in Ada and Canyon County. Survey results are displayed by type (single or multi-family) and bedrooms (1-5) for the respective county.
Property status was surveyed as of December 31, 2018.
The survey participants are property management companies affiliated with the SW Idaho Chapter of NARPM and are considered to be the representative sample of the inventory of professionally managed rentals in Ada & Canyon County.
Access the full report Q4 2018 Vacancy Report.
NARPM® property managers have heightened expertise and industry knowledge to assist them in doing the best possible job. They are real estate professionals who know first-hand the unique challenges of managing rental property in today’s constantly changing economic and legislative environment. And they know how to manage those challenges to everyone’s benefit. They can maximize rents and income for you; and they will manage the property efficiently, professionally and economically.
We are still seeing very low vacancy rates and increases in rents. Here is a summary: Ada & Canyon county vacancy rate increased just slightly from 2.0% in the second quarter of 2018 to 2.2% in the third quarter of this year. Overall the largest vacancy decrease was in multi family units in Canyon County which went down .7%, while Ada County also increased by a mere .3% this quarter. Ada County single family rental rates saw a decrease of $112 per month per unit. While multi-family in Ada County rents had a increase of $97 per month, per unit from last quarter. Overall the average was an decrease of $25 across the board per unit, making the average rent $1309 per month in Ada County. In Canyon County rental rates increased overall by $164 putting the average rent per unit at $1194. Single family homes had the largest increase in monthly rent by $250 per unit and multi family units increased by $99 per unit. Check out the full report here: 2018 Q3 Vacancy Report (1)