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Amenities & Tenant Safety | Tips For Child-Proofing Your Rental Property

October 12, 2022

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 few key points at the front of their minds. Location, schools, and safety are huge components of any home search. While thinking about safety, many property owners don’t consider that this can mean a child-proofed home for their prospective tenants. This often overlooked amenity can be a huge selling point when a family is viewing at home. If you’re looking to keep your vacancy rate low, there is no better way than to keep your tenants happy. And what better way to appeal to families than to protect their loved ones? More amenities and attention to detail equals a higher monthly rent, which in turn will boost your monthly passive income.

If you’re unsure where to start in the child-proofing game, you’re in luck. We’ve put together a short list of easy ways you can implement safety features into your rental property.

Windows + Window Treatments

Many rental properties have window coverings, or blinds, with long pull strings that can hang low to the ground. This makes it easy for young children to get tangled in the cords, and unfortunately, small children have died from strangulation. Many state legislatures are fighting to outlaw corded blinds in homes.

If you are looking for a great way to dip your toes into the child-proofing game without making it obvious, installing cordless blinds at your rental is a beautiful place to begin. They are visually appealing and are constructed infinitely better.

If you do not have the budget to overhaul every window treatment, there are still steps you can take to enhance safety around the blinds.

  1. Install a small hook where the cord can be tied up and out of reach of a child or pet
  2. Provide curtain cord covers that clip any excess cord from the blind

Additionally, ensure that the windows in your rental are secure and that the locks are in good working order. Inspecting the stability of the window panes and screens will eliminate the risk of a window falling on a child.

 

Electrical Outlet Covers

Once babies are on the move, there is no stopping them from exploring anything and everything they can get their hands on. Electrical outlets are no exception. Electrical outlets are a magnet for little fingers due to being eye level with a little tot. Babies and toddlers are infamous for wanting to touch outlets and stick their fingers and/or toys into the little sockets.

To protect against accidents, installing outlet covers is one of the easiest child-proofing measures you can take. There are many different options, all of which do not affect the functionality of the outlet. While this is a very inexpensive and easy fix, saving the tenant the hassle of doing it themselves is a huge bonus in showing that their landlord cares enough to take care of it for them.

Pools

If your investment property has a pool, there are steps that you must take to make accidental drowning a non-issue for tenants with children. Child-proofing the pool area will provide value for prospective tenants and protect your liability as the owner should an accident occur. Peace of mind is priceless for parents who not only want to provide a fun space for their children that is safe.

  • Signage. Post signs on how the pool should be used, maximum occupancy, and any emergency directions.
  • Pool Surroundings. Your property’s pool should have a fence with a tall, locked door that will prevent children from swimming unattended. The fence should be tall enough that even the most agile kiddos cannot climb over and sneak in.
  • Pool Covers. When looking at safety, there are many different options for pool covers. To protect the integrity of the pool, you may opt for a hardcover, which also can withstand a person’s weight. Another option is netting, specifically designed to securely stretch across a pool and eliminate the risk of drowning if someone falls in.
  • Pool Alarm. Designed to sound a loud alarm when the pool water is disturbed, this feature may make parents feel safer about having their child living in a home with a pool.

Falls

Not every rental property is one-story, and it is imperative to consider fall risks and safety when child-proofing a home.

  • Inspect the stability of all fences and railing to ensure that nothing is loose.
  • Be sure that balcony fencing does not have a wide enough space where a child could slide through.
  • Ensure the railing is tall enough that a small child cannot fall over the edge.

 

Other Considerations

While we have hit on some of the significant items, there are still many things you do to up your child-proofing game.

  • Install cabinet locks
  • Add child-proof door locks to all exterior doors
  • Install removable, walk-through gates at the top and bottom of each staircase 
    • Encourage your tenant that they are welcome to do the same
  • Add hand railings to exterior stairs and porches to discourage falling
  • Install appliance locks and appliance anchors to ensure that they cannot fall if a child climbs on them
  • Add rubber bumpers to sharp corners and edges

Going that extra mile to provide safety precautions and thus some childproofing strategies can positively affect your potential tenant’s family’s desire to lease your investment property.

If you have more questions or you want to find out more about our services and how you can have LESS HASSLE. MORE HAPPY when it comes to owning an investment property; visit our website at www.rentwisepm.com or give us a call at 208-949-3083.

 

Filed Under: Financial, Insurance, Investment Property, Maintenance, Property Investment, Property Management, Rental Properties Tagged With: boise, caldwell, childproofing, exterior, home, homes, inspection, investing, investment, investment management, investment property, investments, investor, kuna, leases, leasing, management, meridian, middleton, National Association of Property Management, professional, property investment, property managment, real estate trends, rentwise, rentwisepm, technology, tenants, TIPS FOR RENTERS, treasure valley, upgrades, vacancies, vacancy

SW Idaho NARPM | Q2 2022 Vacancy Survey Results

August 17, 2022

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 Idaho Chapter of the NARPM(National Association of Residential Property Managers) has released its findings from the 2022 Q2 Vacancy and Rental Trends survey. The report is as of June 30, 2022. 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 5,364 units managed between the counties, with a total of only 89 vacancies.

 

Q2 Vacancy Survey Results

The rental market has seen some very intriguing trends this quarter! The number of vacancies decreased by 152 units. The 2nd quarter of 2022 closed out strong with a market vacancy rate of 1.66%. The data collected indicates that vacancy rates have decreased significantly down by 28.75% from the 1st quarter of 2022! This is exciting news as it shows that the rental market in the Treasure Valley is as hot as ever.

Rental Rates

Ada County single-family rental rates decreased this quarter by an average of $81.00 per unit per month. The overall marketed rent rate for the combined single and multi-family comes in at $2,004 per month. To compare, that is a $325 or 19% increase per month based on the Q2 2021 Vacancy Survey.

Canyon County rental rates showed a larger increase in the second quarter of 2022 than the first. The rental rates for single-family homes showed an average monthly increase of $180. This puts the average rental rate at $1,927 per month. The current data illustrates that rental rates in Canyon County come in lower for both single and multi-family properties.

 

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 later this year. 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!

Filed Under: Designations, Financial, Investment Property, Property Investment, Property Management, Rental Properties Tagged With: boise, caldwell, eagle, home, homes, investing, investment, investment management, investment property, investor, kuna, leases, leasing, management, meridian, middleton, nampa, narpm, National Association of Property Management, professional, property investment, quarterly report, real estate trends, treasure valley, vacancies, vacancy

Creative Temporary Gardening | Tips for Renters to Keep Your Landlord Happy!

June 22, 2022

Summer has arrived, and you are seeing all of the gorgeous flowers and plants lining the porches and decks of all of the surrounding homes. Am I right? In addition to looking beautiful, planting flowers and plants have some huge health benefits. Not only is gardening a great way to get some exercise, but it also can help to reduce stress and anxiety.  If you are renting your home, you may also be wondering how you can achieve optimum green space without compromising the terms of your lease. There are many creative ways you can incorporate temporary gardening into your rental. The best news is that when you’re ready to move, you can take all of this with you! Here are a few tried and true options for temporary gardening.

Mini Porch Greenhouse

 

Our first option is this Tiered Mini-Greenhouse from Amazon. This is is an all-season structure that you can place indoors or out. It contains 5 tiered shelving options and provides a PVC cover to contain the humidity and moisture required for successful gardening. This small but mighty mini greenhouse won’t take up much space at all on your porch or in your backyard and easily stores when you are ready to move or take it down for the winter months. This is the perfect way to grow herbs and small vegetables in individual pots without having to worry about making space in your yard if you have one.

Raised Garden Bed

 

 

 

 

 

 

 

Raised garden beds are a fun option to incorporate greenery and plants into your landscape without having to do much digging. You can buy a manufactured raised garden bed at any garden supply store. Also, if you are ready to take on a DIY project, you can make one yourself with a little sweat equity, such as this one.

If you choose to purchase a raised garden bed with a higher elevation, this can be handy for keeping wildlife out of your fruits and vegetables. Additionally, raised garden beds that rest on the ground can be a great way to create a temporary landscape option. Raised garden beds are often more productive than if you were digging in the ground due to better drainage and the soil gets warmer quicker. One consideration with the ground option is to ensure that once you are ready to remove, you aren’t placing the bed over existing grass or landscaping. This could cause potential damage that may result in your landlord holding you responsible for remedy.

Verticle Stacking Planters

Verticle gardens such as this one from Home Depot are all of the rage in the world of temporary gardens! They are easy to install and easy to remove at the end of the season. Verticle gardens fit well in the corner of a deck or porch. Vegetables such as tomatoes, peas, and squash grow best in verticle gardens such as this. One thing to keep in mind is that these planters don’t drain as well as other conventional options so you must monitor for moisture containment and soil rot. Also, if not careful, this could leak on your neighbors below if you are on the second story.

Over-The-Rail Planter Boxes

Over-the-rail planter boxes are one of the absolute easiest ways to spice up your curb appeal and increase your plant presence without causing any damage. This will be a surefire way to make your landlord pleased! There are so many options for these planters including plastic, wrought iron, and wooden, and many different mounting options. If you have a deck or porch with a railing, these are the perfect option for you! Typically, sun-loving plants will thrive best in these planter boxes. Be sure that your planter box has drainage holes to ensure that moisture isn’t staying stationary on top of your railing.

Upside Down Gardens

Last, but certainly not least on our tips and tricks list of temporary gardening options are the quirky and visually appealing upside-down gardens! These hit the market as an ‘As Seen On TV’ product several years ago and have picked up a ton of steam with consumers trying to grow fruits and vegetables in an easy, mess-free, damage-free, environment. The planters are made of high-quality felt and are washable and reusable. The success of upside-down gardening comes from the shape of the hanging planters and that they promote excellent drainage and prevent root entanglement. This is the perfect option for a renter who doesn’t have a lot of space to grow fresh fruits and vegetables. You can hang these planters from a shepherd’s hook or from your porch or deck with no damage!

Making your rental home feel like your own can sometimes feel like a challenge. If you have a porch, balcony, deck, or small yard, there is a surprising amount of space that you can get creative with temporary gardening options. Greenery, flowers, fruits, and vegetables are one way that you can personalize the exterior of your home to your liking, all while keeping your landlord happy!

We fully support making your house feel like a home. If you are a prospective tenant in the Treasure Valley, our team would love to speak with you. Additionally, we can help you navigate through your home search and application procedures! View our available listings and schedule a time to view your dream home here! Our motto here at RentWise Property Management is LESS HASSLE, MORE HAPPY!

Filed Under: Investment Property, Maintenance, Property Investment, Property Management, Rental Properties, Uncategorized Tagged With: boise, caldwell, communication, exterior, home, homes, investment, investment management, investment property, investments, kuna, leases, leasing, meridian, middleton, National Association of Property Management, professional, property managment, rental, rents, TIPS FOR RENTERS, treasure valley

SW Idaho NARPM Q1 2022 Vacancy Survey

May 25, 2022

The Southwest Idaho Chapter of the NARPM(National Association of Residential Property Managers) has released its findings from the 2022 Q1 Vacancy and Rental Trends survey. The report is as of March 31, 2022. This survey tracks key performance indicators and market trends for single and multi-family homes in the Ada and Canyon County region. There are a total of 10,352 units managed between the counties with a total of only 241 vacancies.

 

Q1 Vacancy Survey Results

The rental market has seen some very intriguing trends this quarter! The 1st quarter of 2022 closed out strong with a market vacancy rate of 2.33%. The data collected indicates that vacancy rates have increased marginally by 0.75% from the 4th quarter of 2021! This is exciting news but also shows the vacancy rate may be approaching its eventual plateau.

Rental Rates

Ada County single-family rental rates increased this quarter by an average of $226 per unit, per month. However, multi-family rental rates increased by an average of $124 per month in the first quarter. The overall marketed rent rate for the combined single and multi-family comes in at $2,085 per month. To compare, that is a $519 or 33% increase per month based on the Q1 2021 Vacancy Survey.

Canyon County rental rates showed a lower increase in the second quarter of 2021 than the first. The rental rates for single-family homes showed an average monthly increase of $85. This puts the average rental rate at $1,747 per month. The current data illustrates that rental rates in Canyon County come in lower for both single and multi-family properties.

 

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 Q2 results! If you would like more information on this report or would like to discuss how we can use our motto of “Less Hassle, More Happy” to assist in making the most of your investment, visit us here! 

Filed Under: Designations, Financial, Insurance, Investment Property, Legislation, Property Investment, Property Management, Rental Properties Tagged With: boise, caldwell, communication, eagle, hiring, homes, investing, investment, investment management, kuna, meridian, middleton, narpm, National Association of Property Management, property managment, vacancies

Happy Halloween in the Treasure Valley 2021

October 27, 2021

It’s the most wonderful time of the year! At least we think so. Fall landscapes, crisp air, and of course living in a community where Halloween is a BIG deal! So much so, that we needed an entire post to fill you in on all the amazing things happening around the Treasure Valley. We should always note that before attending an event, please check out their information regarding COVID-19 protocols. Safety first! Now, let’s get into the spooktacular fun!

October 28

Downtown Nampa Annual Halloween Trick or Treat

From 4-7:00 PM in the beautiful downtown Nampa area- be sure to check out this Annual Halloween Event. There will be an 80’s tribute band, bounce houses, vendors, food trucks, axe throwing, a flash mob, AND a scavenger hunt! This sounds like an event not to be missed!

Sienna Halloween Festival and Trunk-or-Treat

Located at Sienna Elementary School in Meridian this super fun Halloween Festival is happening from 5-8:00 PM! There will be food trucks, best trunk contests, barrel train, crafts, carnival games, rock wall, mechanical bull, and of course trick or treating!

October 29

Kids Halloween Yoga Party with Jesse

Located at True North Yoga in Kuna, this yoga Halloween Party for kids from 4-4:45 PM. Wear your Halloween costume and be ready to practice poses that correspond to popular Halloween characters such as bats, spiders, zombies, ghosts, cats, scarecrows, and more! Recommended for ages 4-12 years old. 15 students total for social distancing.

High Fitness Monster Mash

Located at N. Discovery Place in Boise from 5:30-8:30 PM, this Monster Mash is a family-friendly Halloween event! Featuring pumpkin decorating, cookie decorating (and eating), games and a photo booth, followed by a fun High Fitness Class for everyone!

12th Annual Shocktoberfest

Located at the Peppershock office in Nampa, Shocktoberfest Client & 18th Anniversary Celebration will begin at 5:00 PM. This event will be in person as well as virtual via Zoom. There will be ghoulish treats, boo-oze, costume contests, and more!

80’s Halloween Party

Located at the Ironwood Bar & Grill in Garden City, this Spooky 80’s party will begin at 8:30 PM. There will be food and drink specials, prizes for the best Halloween costumes all while dancing to your favorite 80’s hits!

Kids GLOW Night: Halloween

Located at Fire & Ice Pottery Studio in Caldwell from 6-9:00 PM. Available for ages 6-15, there will be dinner, dessert, games, and crafts! $50 per child with a sibling discount available.

 

October 30

McNabb’s Annual Halloween Carnival

Located at 123 Banner Street in Nampa, this annual Halloween Carnival will be providing tricks and treats from 3-8:00 PM. Featuring carnival games, face painting, concessions, prizes, raffles, costume contests, carousel rides, and more! The games, concessions, and crafts are all FREE! Purchasing a raffle ticket helps to fund this wonderful event year after year.

Trick or Treat the Market

Located at the Nampa Farmers Market on Saturday, October 30th. Happening from 9:00 am-1:00 PM- rain or shine! On the final day of the 2021 season, bring your kids, enter a costume contest, snap a selfie with fun backdrops, and trick or treat in a family-friendly, safe environment!

The 4th Annual Halloween Bar Crawl- Boise

Check-in time is from 4-6 PM at the Cactus Bar Boise. Headlining as the SCARIEST bar crawl ever, there will be exclusive drink specials, amazing local food, waived cover fee at all venues, professional photographer, amazing after party, AND a $1,000 Grand Prize Costume Contest!

Homes of Idaho Trunk-or-Treat Caldwell

Beginning on Main St. in Caldwell, this Trunk-or-Treat event is happening from 3-6:00 PM. There will be tons of trunks, candy, food trucks, a photo booth, a costume contest, and a DJ!

The Fabulous Chancellors Annual Halloween Ball

Located in The Riverside Hotel’s Grand Ballroom– doors open at 7:00 PM from this fantastic Annual Halloween Ball. Enjoy classic Rock’n’Roll hits, music, dancing, and costumes! 21+ event. Enjoy dinner at the Riverside Grill and there will be a no-host. bar service available throughout the event. Room package specials are available.

 

October 31

Hull-o-Ween Paddle & Party

Hosted by Idaho River Sports, this annual Hull-o-Ween Party is from 11a-2:00 PM. There will be cider & Halloween treats provided. Dress up and paddle on the pond for a chance to win prizes for the best costume! The parade and costume judging begins at 12:00 PM.

A Throwback Halloween

Located at Treasure Valley Skate and happening from 6-9:00 PM, skate to your favorite old school hits while dressed in your favorite themed costumes! This is a family-friendly event & masks are required.

Ten Mile Trunk-or-Treat

Located at the Ten Mile Community Church from 5:30-7:00 PM. This family-friendly event will provide a safe place to have fun, gather some candy, and work your way through the maze!

 

Whew! We are currently trying to figure out how to attend each of these events- they all sound amazing!

As you can see, living and doing business in the Treasure Valley is WONDERFUL! Let us show you how owning a rental property here can be easier than you think with the right partner in property management!

Filed Under: Holidays, Investment Property, Property Investment, Property Management, Rental Properties, Treasure Valley Things to Do Tagged With: boise, caldwell, communication, eagle, home, investment, investment management, investment property, kuna, meridian, nampa, National Association of Property Management, treasure valley

SW Idaho NARPM Q2 2021 Vacancy Survey

September 15, 2021

The Southwest Idaho Chapter of the NARPM(National Association of Residential Property Managers) has released its findings from the Q2 Vacancy and Rental Trends survey. The report is as of June 30, 2021. This survey tracks key performance indicators and market trends for single and multi-family homes in the Ada and Canyon County region. There are a total of 9,740 units managed between the counties with a total of only 145 vacancies.

 

Q2 Vacancy Survey Results

The rental market has seen some very intriguing trends this quarter! The 2nd quarter closed out strong with a market vacancy rate of 1.66%. The data collected indicates that vacancy rates have decreased by 2.64% from the 2nd quarter of 2020! This is exciting news but also shows the vacancy rate may be approaching its eventual plateau.

 

Rental Rates

Ada County single-family rental rates increased this quarter by an average of $177 per unit. However, multi-family rental rates increased an average of $129 per month in the second quarter. The overall marketed rent rate for the combined single and multi-family comes in at $1,679 per month.

Canyon County rental rates showed a lower increase in the second quarter of 2021 than the first. The rental rates for single-family homes showed an average increase of $58. This puts the average rental rate at $1,398 per month. The current data illustrates that rental rates in Canyon County come in lower for both single and multi-family properties.

 

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 results! If you would like more information on this report or would like to discuss how we can use our motto of “Less Hassle, More Happy” to assist in making the most of your investment, visit us here! 

 

 

 

 

Filed Under: Investment Property, Legislation, Property Investment, Property Management, Rental Properties, Uncategorized Tagged With: boise, caldwell, eagle, home, investment, investment management, investment property, investments, leases, nampa, narpm, National Association of Property Management, rentwise, vacancies

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