kuna Archives - RentWise Property Management

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!

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!

Your Rental Home Search | Tips For First-Time Renters

April 27, 2023

Searching for your first rental home, whether an apartment or single-family home, can be an exciting and nerve-wracking experience. There are a lot of things to consider before signing a lease, and it can be overwhelming if you don’t know where to start. That’s why we’ve put together a list of tips for first-time renters.

Set a budget: Before you start looking for a rental home, it’s important to set a budget. Determine how much you can afford to spend on rent each month, and stick to it. Don’t forget to factor in other expenses like utilities, parking, and transportation.
Location, location, location: Consider the location of the apartment. Is it close to work or school? Is it in a safe neighborhood? Is it near public transportation? These are all important factors to consider when choosing an apartment.
Gather all of the proper application requirements prior to submitting for consideration of a home. Property managers appreciate thorough and complete applications. Your application will typically require you to pay a processing fee, provide proof of income (4 of your most recent paystubs), conduct pet screening and deposit, rental history verification, and check references.
Read the lease carefully: Before signing a lease, make sure to read it carefully. Make a note of any restrictions or rules, such as no pets or no smoking. If you’re unsure about anything, ask the landlord or property manager.
Prepare your security deposit. Typically, a rental security deposit will be equal to one month’s rent and will need to be paid at the time of application. You will also need to plan to pay your first’s months rent or a pro-rated amount depending on when you move into a property.
Check out the amenities: Take a tour of the apartment complex and check out the amenities. Is there a gym or pool? Is there a laundry facility on-site? These can be important factors to consider when choosing an apartment.
Don’t be afraid to negotiate: If you find an apartment you love, but the rent is a little out of your budget, don’t be afraid to negotiate. Landlords may be willing to lower the rent or offer other incentives to get you to sign a lease.
Get renters insurance: Renters insurance is a must-have for any renter. It can protect your belongings in case of theft, fire, or other disasters. It’s usually affordable and can give you peace of mind.
Know your rights: As a renter, it’s important to know your rights. Work with a professional management company that abides by the Equal Opportunity Housing Regulations. Familiarize yourself with local tenant laws and regulations to know what to do if something goes wrong.
Last but not least, check out the technology that your new property manager uses. This will include paying your rent, submitting a work order, communicating with your management team, programs you’re enrolled in, and more! Most property management companies have embraced technology, and this makes the relationship between the renter and management team seamless and efficient.

Renting your first place can be a great experience if you do your research and take the time to find the right place. Use these tips to help you make an informed decision and find the perfect home for you. We would love to help you find your dream rental home or apartment! You can view our Available Listings or reach out at office@rentwisepm.com!

Activities To Make Easter 2023 Egg-stra Egg-citing!

March 26, 2023

Easter is a time of joy and celebration, and what better way to spread that joy than by participating in community Easter activities? From egg hunts to decorating contests, there are plenty of ways to get involved and have fun with your friends and neighbors.

One of the most popular Easter activities is the classic egg hunt. Whether you’re a kid or a kid at heart, there’s something special about searching for brightly colored eggs hidden throughout the neighborhood. Many communities host their own egg hunts, complete with prizes and treats for the winners. It’s a great way to get outside and enjoy the spring weather while spending time with friends and family.

Another fun activity is Easter egg decorating. Whether you prefer to dye your eggs or use stickers and paint, there are endless possibilities for creating beautiful and unique designs. Many communities hold Easter egg decorating contests, with prizes for the most creative and impressive eggs. It’s a great way to show off your artistic skills and get into the Easter spirit.

For those who prefer a more low-key celebration, hosting an Easter brunch or dinner with your neighbors can be a wonderful way to come together and enjoy some delicious food. Whether you opt for classic Easter dishes like ham and deviled eggs or try something a little more unique, sharing a meal with friends and family is always a special occasion.

No matter how you choose to celebrate Easter, there are plenty of community activities to get involved in. From egg hunts to brunches, these events are a great way to spread joy and celebrate the season with those you love.

Here are a few activities around the Treasure Valley to get you out there and enjoy all the community has to offer!

Easter EGGstravaganza at Zoo Boise

Saturday, April 8th, from 10 AM – 5 PM at Zoo Boise!

Hop on over to Zoo Boise where the Easter Bunny will be available for photo-ops and his helpers will be passing out candy at stations throughout the zoo. There will also be face painting, special treats for the animals, activities, vendors, and much more. It will be totally EGG-cellent!

Admission for adults is $12, kids (3-11) are $9, seniors (62 & over) are $9, and children 2 and under are FREE. Annual members are always free (with pass and photo id) and will have a special entrance gate. Don’t forget to invite all your friends for the return of Easter EGGstravaganza from 10AM – 5PM, with last admission at 4PM.

Easter Egg Hunt on the Blue

Saturday, April 8th from 10 -11 AM at Albertsons Stadium

Join the Boise State President’s Club for the annual Easter Egg Hunt on the Blue turf! The egg hunt will include mostly blue and orange eggs filled with tons of goodies!

Pictures with the Bunny at Boise Towne Square

Now – Saturday, April 8th. Reserve your time slot HERE

Hop on over to take egg-stra special pictures with The Bunny! Plus, bring your fur fam to our pet photo nights for even more paw-fect moments!

Spring Eggstravaganza

Saturday, April 8th, from 9 AM – 1 PM at the Indian Creek Plaza in Caldwell

Spring into action at downtown Caldwell’s Spring EGGstravaganza! Children will enjoy hunting for over 20,000 thousand eggs, meeting the Easter bunny, our Homes of Idaho ‘cutest chick’ contest, and other children’s activities. The whole family will enjoy our spring market with local crafts and yummy treats!

Easter Egg Hunt at Storey Park

Saturday, April 8th, from 3 – 5 PM at Storey Park in Meridian

Saturday will be the first annual Community Easter Egg Hunt at Storey Park in downtown Meridian.
We will have an Easter Egg hunt for the kiddos, inflatables, plenty of treats, face painting, food trucks, photos with the Easter Bunny, and much more.

They will also be holding an adaptive Easter egg hunt for those with special needs and/or disabilities. This event is Free for the whole community.

We love the Treasure Valley community and hope this gives you some fun-filled ideas for your Easter weekend! From all of us at RentWise Property Management, we wish you all a fun Easter holiday filled with happiness!

We Love Our Clients!

March 16, 2023

At RentWise Property Management, our only focus is property management. We are not a franchise. We are a local homegrown company with years of combined experience in the industry. Founded in 2009, we have grown to one of the premier choices for property management in the greater Boise area! We didn’t do it alone, however.

Owning a rental property is one of the most significant investments that many will make in their lifetime. Our sole mission is to provide excellent service to you regarding your most valued asset and do it with the highest quality of customer service, tools, and technology. Our team is consistently continuing our education and perfecting our expertise.

Whether you are a property owner, a vendor, or a resident in one of the properties we manage, you become part of our family when you do business with RentWise. We value your opinions and feedback more than you can imagine. Our team takes every piece of information you provide to heart, and we base our business around what works best for our clients.

We would love to hear from you about your experience working with RentWise Property Management. Whether you would like to leave us a Google Review or email us directly at office@rentwisepm.com, we want to connect! Considering renting your property? Schedule a free consultation with RentWise!

We are very proud of the relationships we’ve built over the years. Here is what just a few of our clients have said about us:

“Always prompt and so friendly!” – Brad S.

“We have not rented from RentWise but we have been a vendor for this company. Carly is very responsive to emails and text messages. They are quick to pay their invoices. It has been a great working relationship between them and our business.” – Jennifer Z.

“I highly recommend RentWise Property Management services to anyone looking to rent their home to gain back time and piece of mind. As a customer for 3 years, the management team has done a great job of communicating with the tenants, resolving problems in a timely manor, and being transparent when issues arise. They even successfully advocated on our behalf for a full water heater replacement after the unit broke a week outside of the warranty window.” – Cory M.

“Best company I’ve rented from. They respond quickly to all maintenance issues and are very considerate regarding other issues that have arisen during my time working with them. They communicate well and have been reasonable.” – Bethany M.