RentWise Property Management

TENANT PORTAL
OWNER PORTAL
MAINTENANCE
(208) 949-3083

      

Vacancy Report – Q2 2019

Vacancies are always at the forefront of any investors mind when it comes to property management. Each quarter, local property managers who are also members of NARPM (National Association of Property Management) contribute to and compile data collected for Ada and Canyon county in order to see the trending vacancy rates in our Treasure Valley. You can view the full report here, Q2 2019 Vacancy Report.

What is the purpose of a quarterly vacancy survey?

The purpose of this survey is to show vacancy and rental rate trends among single-family homes and multi-family units in Ada and Canyon County. Survey results are displayed by type (single or multi-family) & bedrooms (1-5) for the respective county.

How does this compare to last quarter vacancy rates?

The data collected indicates that the trends in Ada & Canyon county vacancy rates increased .5% from 3.4% in the first quarter of 2019 to 3.9% in the second quarter of 2019. Ada County went up 1.7% and Canyon County went up 1.0% this second quarter of the year. The slight increase in vacancies overall occurred in single-family dwellings in Ada County.

What do rents look like in the second quarter vacancy report?

Ada County single family marketed rental rates saw a increase of $25 per month per unit. Multi-family units in Ada County also increased by and average of $50 per month per unit in the first quarter of 2019. The overall marketed rent per unit increased $84 in Ada County making the average marketed rent rate $1450 per month.

In Canyon County rental rates were marketed at an increased overall rate of $92 putting the average at $1159. Single family homes had the largest increase in marketed monthly rents by $250 per unit and multi family units increased by $127 per unit. The substantial increase in single family rents is likely due to the lack of units that were reported vacant so there was a decrease in data to average.

If you want more information, have questions about this report or you want to learn more about how partnering with the right property manager can make a difference, click here. 

What are our clients saying about us?

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!

Q4 2018 Vacancy Report

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.

Rent Assurance Program

rent assurance programHave you heard about our Rent Assurance Program? To coincide with our Eviction Protection program, RentWise Property Management also has a solution to ensure the owner’s will receive their monthly income even in the case of a full eviction.

The eviction process can take between 14 and 30 days in Ada and Canyon County. It could go quicker or take more time depending on the court system. During this time you most likely will not be receiving any income from your investment. This can leave you struggling with unexpected loss of income. Our Rent Assurance Program is an option for you as an owner to be reimbursed for one month’s rent while we are working on removing the tenant from the property.

This program is meant to coincide with our Eviction Protection Program which covers the cost of an eviction should it become necessary. If you have specific questions about this service please contact our office and we would be happy to answer your questions. More information can be found here.

Why Use a NARPM Member?

NARPM 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.

What is a Residential Management Professional?

RMPHas your property manager received the official Residential Management Professional badge establishing them as being accomplished, qualified, educated & recommended? We have worked diligently to ensure we are meeting this highest standards within our professional industry. While there are companies out there that are not serving the community in their best interest, we operate every day with the intent of making sure that we are doing our best to ensure honesty and integrity are at the height of everything we do. We would love to be of service you!