RentWise Property Management

TENANT PORTAL
OWNER PORTAL
MAINTENANCE
(208) 949-3083

      

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

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!

Beat The Heat | Tips For Renters To Increase Energy Efficiency

Summer has officially arrived in the Treasure Valley! Over the last few years, the United States has collectively experienced some of the hottest summers. 2021 set a record as the hottest summer EVER! In Boise, the average daily temperature throughout the summer months is in the upper 90s! As a renter, it may sometimes seem like you don’t have a lot of control over the energy efficiency in your home. It appears we are gearing up for another warm summer! We have put together a quick user-friendly list of ways to increase the energy efficiency of your rental home.

Change Your HVAC Filter

As a general rule of thumb, you should change your HVAC filter once every 90 days. In the midst of summer, it is a good idea to change your filter at least every 30-45 days. Dirty filters block airflow and decrease the air conditioner’s ability to absorb heat and produce cooler air. Clean air filters can help to improve the energy efficiency of your home by 15% or more. Many property managers have opted into automatic filter delivery programs as part of their leasing package. This means that your new filters will arrive right on your doorstep!

Adjust Your Thermostat

The U.S. Department of Energy recommends that for optimum energy efficiency your thermostat should be set to 78 Degrees during the summer months. 78 Degrees is the ideal spot between staying cool and keeping your energy bill low. Many property owners are installing SMART thermostats in their rental homes. These thermostats not only increase energy efficiency, but they can also heat and cool by learning your habits at home. This means that your home will be kept warmer when no one is home, and cooler when everyone arrives!

Use Appliances Strategically

It is no secret that ovens generate a ton of heat. If possible, try to use your oven later on in the afternoon to preserve the efficiency of your air conditioning. In the previous years, countertop appliances such as air fryers and toaster ovens can replace a conventional oven and do not generate the amount of heat that an oven will distribute around your home. Other considerations to make during the summer months are washing your clothes in cold water and hang drying rather than using your dryer. You may also consider decreasing the temperature of your hot water heater to decrease your energy use by up to 25%!

Fight The Sunlight

Natural light is one of the best features of any home. The heat generated from the sunlight can also be the enemy of those trying to increase their energy efficiency. Investing in quality shades, and thermal or blackout curtains can assist with reducing your energy costs by 10-25%. Using blackout curtains during the hottest times of the day can keep sunlight-generated heat out, and contain the cool air from your fans and air conditioner inside. While the initial investment isn’t cheap, you will find that over time they will more than pay for themselves with reduced energy bills.

Unplug

This one is easy to forget. From your television to your computer, to even your gaming system, all electronics will generate heat when plugged in. Even if your electronics are switched off, there are still levels of heat that are maintained in the wiring. It may not seem like much, but if you add up all of your unused electronics, every little bit helps!

Switch To LEDs

Most households have begun to make the switch to LED lightbulbs. If you are still using incandescent lights, they are extremely inefficient. LED light bulbs are the most energy-efficient option that is currently available. They do cost a little more upfront but will pay for themselves quickly with energy savings. LED lights last 25 percent longer than incandescent lights, and use 75% less energy.

Many of these tips will help you to save energy year-round, not just in the summer! When you create positive energy habits, you will improve efficiency and experience money savings on your energy bills! If you would like more information from RentWise Property Management on our services and tenant benefit bundles, please visit us at www.rentwisepm.com

SW Idaho NARPM Q1 2022 Vacancy Survey

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! 

Rent-Ready: What does that mean?

Whether this is your first time as a landlord or you have been renting out your investment property for years, you have likely heard the term ‘rent-ready.’ You might be thinking, “my property is in awesome condition,” or “my home is new construction.” Even if this is true, not all homes are automatically ready to rent. Getting a property rent-ready means that you are taking the time to ensure that it is in the proper condition to be on the market.

If you have hired a professional property manager, their team will walk you through the steps to get your rental prepped for your next tenant! So, before you list your property, we will walk you through a few necessary steps! Attention to detail will attract fantastic tenants and maximize rents collected.

Inspection Time

Taking the time to inspect the property thoroughly will prevent more significant issues. When you walk the perimeter of your home, this allows you to check every inch, top to bottom.

  • Turn on all of the faucets, check for leaks, and run the garbage disposal.
  • Test each outlet and light switch to ensure they are functioning correctly.
  • Inspect each appliance, ensure they are working, and replace them as necessary.
  • Check for blemishes on the walls and ensure that the paint looks clean and fresh.
  • Test the locks on each window and make sure they open, close, and seal properly.
  • Review the carpet’s condition and ensure that there is no damage to the seams or corners.
  • Test all of the utilities in the home; HVAC, Water Heater, Water Softener, etc.
  • Double-check all doors to ensure that they close correctly and that the seals are in good condition.

Taking the time to perform this inspection on the front end will undoubtedly save you time on the back end if any issues arise. Ensuring that all of the main components of a property are correctly functioning will make for happy tenants when they move in!

Curb Appeal

More than likely, the first thing that a prospective tenant will do is drive by the property once they see your listing. You’ll want to keep the outside of the home looking as flawless as possible! The exterior of your home is your first impression and can make or break a deal.

  • Keep the lawn mowed and tidy.
  • Rake any leaves.
  • Trim trees that could pose a risk to your property.
  • Check the fence and make any repairs to loose boards; restain if necessary.
  • Paint the exterior of the home and any doors.
  • Inspect the roof and ensure that there are no missing shingles or tiles.
  • Plant some greenery or flowers, and lay mulch.
  • Remove any trash or debris.

Make A List Of Necessary Repairs

Once you have inspected the property inside and out, you may have found a few things that need your attention. Most property managers have a team ready to assist with getting these repairs handled quickly and efficiently. Allowing your property management team of vendors to conduct maintenance repairs may even be part of your property management contract. Getting repairs completed will get your home on the market and rented faster!

Clean, Clean, Clean!

You’ll want to hire a professional cleaning crew to conduct a deep clean on your property. This will include baseboards, light fixtures, under and behind appliances, bathrooms, windows, blinds, and more! It is also a good idea to have all of the floorings in the home professional steam cleaned as well. You do not want any stains, pet odors, or discoloration on the floors.

Deep cleans are crucial to effectively listing your property. Tenants will not want to move into a dirty home, especially a house with the previous tenants’ dirt and dust. A home that is not spick and span will sit vacant for much longer.

Time To Rent & Work With Professional Property Managers

Once you have completed the rent-ready checklist, it is time to list your property! If you do not have the resources or the time to dedicate to tenant turnover and rent-readiness, then it is time to work with a professional property manager. Property managers have the knowledge and expertise necessary to get your property rented quickly. Property managers will determine comparable rents in the area, tenant screening, lease preparation, property showings, and collect security deposits.

If you would like more information on how we can make the rent-ready process LESS HASSLE, MORE HAPPY- visit us at www.rentwisepm.com 

Simple Tips To Prevent Pests From Invading Your Rental Home

Spring has sprung, and summer is on its way! With warmer weather on the horizon, this may open up an invitation to some very unwanted houseguests- pests! Unfortunately, pests are a common nuisance no matter where you live. Everyone will have to deal with pests at one point or another. Not only are pests a huge annoyance, but there can also be potential health risks.

When you are a tenant, you may be wondering who is responsible for pest control at your home. It is always best to check your lease agreement to understand the requirements for keeping these unwelcome guests under control. Some property managers will offer a nominal payment option that includes treatment of your home, inside and out. Regardless of what your lease states, there are a few surefire ways to minimize the risk of having a pest invasion.

Vacuum Frequently

Vacuuming often may seem silly and is likely something you are already doing. Things like crumbs and dust can accumulate in carpet fibers or under appliances and become the latest hot spot for an ant or roach party. It is guaranteed that these guys will invite the rest of the neighborhood to make themselves at home.

Take Out Your Trash

This is another tip that many of you are likely doing on an almost daily basis. Pests treat anything smelly such as trash as an open invitation to come in. Emptying your trash bins as soon as they become full will take some of the fun out of it for any roaches, ants, flies, and their friends. It is also a good idea to disinfect and rinse out your trash bins every month to remove any residue left behind.

Keep Kitchen & Bathrooms Clean

Implementing a daily cleaning routine for your kitchen and bathrooms will immensely reduce the risk of pests congregating there. Be sure to put food away as soon as you are finished. Wipe down the countertops at the end of every day. Be certain to empty the garbage disposal and keep the drains clean. Not only will a clean kitchen and bathroom boost your mood, but it can also provide some peace of mind that you’re putting up a roadblock from attracting pests.

Check Secondhand Furniture & Clothing

I think we can all agree that nothing beats a great deal! You went to a yard sale or your favorite thrift shop and found your dream couch and a new outfit too! Unfortunately bringing items into your home that have been in someone’s residence opens up the potential for pests such as fleas, bed bugs, roaches, and spiders. Your dream couch could have been in storage for many months and your new outfit could have been in a trash bag in their garage. Fully inspecting and cleaning and even spraying pest repellent on the new furniture can work wonders in keeping those creepy crawlies out.

Remove Clutter and Debris- Inside and Out

There is nothing better for unwelcome insects and pests than a pile of clothing, a stack of boxes, and a woodpile. Picking these items up and keeping your home tidy will deter pests from making these things their newest home.

Proper cleaning regularly goes a long way in preventing a pest party from starting in your home. If you should find yourself in a situation where some unwelcome guests are residing in your home, inform your property immediately so that you may work together to solve the problem before it gets out of hand. Visit us at www.rentwisepm.com for more information on our pest control program and how we strive to make every experience LESS HASSLE, MORE HAPPY!

 

Renters Insurance: Why Do You Need It? What Does It Cover?

You finally found your dream home! You paid your deposit, signed your lease, and have a move-in date. Your property manager gives you a checklist of things to take care of prior to moving in. On that list, likely near the top, is purchasing renters insurance and providing them a copy of the policy. Does this sound familiar?

At one point or another, most renters likely are wondering why they need renters insurance for a property they don’t own. Insurance can be tricky, but it doesn’t have to be. When an investor owns a property, they have a separate policy protecting the structure of the home itself as well as providing liability coverage. Renters insurance is financial protection for the tenant and their belongings.

There Are Three Main Components Of Renters Insurance Coverage

Personal Property

When applying for renters insurance, you will choose a dollar amount that will cover to replace all of your belongings inside your home. Personal property coverage will cover replacing your belongings such as furniture, clothes, appliances, etc. in the event that a covered claim situation has arisen. Covered claims will be instances such as fire, theft, vandalism, windstorm/hail. Coverage for your personal belongings will also be in effect even when you are not at home. For example, if you are on vacation or moving and you have something stolen, your policy coverage would kick in.

Personal Liability

If you have friends over and someone gets injured at your home, who is responsible? In instances such as a trip and fall, or a dog bite, you would be responsible, or liable. Your policy would help pay for some of their medical bills up to the dollar amount listed on your policy. What if this person decides to sue you? Well, good news. Your policy has liability protection to help assist with legal expenses.

Here is another scenario: you left a candle burning and it caught your apartment building on fire. What happens next? Your liability coverage protects you against lawsuits and expenses from unintentional damage to your rental property. Liability protection within a renters insurance policy can protect a renter from financial disaster and ruin. Most property managers require at least $100,000 in liability coverage, some requiring $300,000. Be sure to read your property’s requirements to ensure you have adequate coverage.

Loss Of Use

If your home has become uninhabitable, you have protection for that as well! Loss of use coverage provides you with a temporary place to live above and beyond your normal monthly expenses, up to a certain dollar amount that is predetermined in your policy. If your hotel doesn’t have a kitchen, your loss of use coverage can also help to cover meals at restaurants. Your loss of use coverage can even cover the additional cost of gas if you are driving further to work or doctor’s appointments.

Other Coverage Considerations

There are a few other things that you may have not thought about, that your renter’s insurance policy may provide coverage for. Certain items such as jewelry, firearms, business equipment, and electronics have different coverage limits than the blanket coverage your personal property provides

  • Identity Theft
  • Jewelry
  • Firearms
  • Property that belongs to others on your property
  • Your property in a storage unit
  • Monetary replacement of food due to a mechanical breakdown or power outage

It is a good idea to check your policy to ensure that there are no gaps.

What Is Not Covered?

We have discussed what is covered, but now it’s time to go over what may not be covered so that you may avoid any surprises.

  • Flooding
  • Damage caused by pests
  • High-value items such as artwork, expensive pieces of jewelry, collectibles
  • Your vehicle
  • Earthquake (this typically can be added as an endorsement)

Before Purchasing Renters Insurance

It is always a great idea to take a detailed inventory of your personal belongings, with photos. In the event that your home is damaged or even deemed a total loss, it will be difficult to try and remember everything you’ve lost. Also, read the fine print on your renter’s insurance policy. There are two types of policies: replacement cost and actual cash value. While an actual cash value policy may be more affordable on the front end, claim payouts will be depreciated. Replacement cost policies will pay what it costs to replace with like and kind in today’s dollar.

We take managing properties very seriously from onboarding to exit for investors and tenants alike. If you would like more information about our services visit our website or give us a call! Less Hassle. More Happy.