The Meridian Chamber currently has 650 member businesses and is growing weekly. The Meridian Chamber exists to support and enhance the Meridian community’s thriving business sector by providing events to help grow businesses and network with other Meridian business members as well as providing an important voice for businesses large and small regarding legislation and economic development through the work of our ongoing committees. The Government Affairs Committee formulates a list of Legislative Positions based on issues that the committee feels are important to local Meridian businesses and presents this list to the local Idaho Legislators prior to the Legislative Session each year. Friday morning meetings are held every other week during the session where Chamber members can meet with the Legislators to discuss how the session is moving forward with these issues. Our Economic Development Committee meets monthly to hear and report on development projects in the works in Meridian.
Our speaker luncheons are held on the first Tuesday of each month, and there is always a timely and informative presentation. We also have quarterly Vendor and Networking Luncheons where we have activities to engage you with other Chamber members and learn about 10 of our business members at their vendor booths. First Friday networking and Business After Hours networking allow one of our business members to host and spotlight their business while providing a fun atmosphere to network and mingle over refreshments.
The Leads Groups promote business referrals to the member businesses and have been very successful. Ribbon Cuttings occur each week to welcome new members or celebrate a business relocation or milestone anniversary. Our annual events include our Job Shadow Day, Golf Tournament, Softball for Scholarships tournament, and annual Gala. Visit our website at meridianchamber.org for more information. You can contact Valerie Garrett, Membership Director, at firstname.lastname@example.org if you are interested in becoming a member or learning more about membership!
We’d also like to invite you to stop by the Meridian Chamber office at 215 E Franklin Road located right by the Meridian Pool in Storey Park. Our Visitor Center has often-requested maps of Meridian and the state of Idaho, as well as many publications with points of interest to check out in Meridian and our surrounding areas.
Technology has changed the world we live in – and the property management industry is no different. If you own a rental property, or if you’re considering turning a current home into an investment property, you need to be aware of how tech is making the property management more efficient. You also need to make sure that your property manager is making the most of these opportunities to help you maximize your investment.
With the proliferation of online platforms like Zillow, Trulia, Hotpads, and many more – it has become exponentially easier (and cheaper) to market available properties to keep your vacancy rates low. An easy to navigate website and an active social media profile also goes a long way toward effectively marketing properties for rent.
Technology has made reporting property earnings and making projections easier and more accurate. This in turn makes it easier for property managers to make proactive recommendations based on market trends to maximize your earning potential on your property. This technology has allowed our industry to create an accurate and real time story line of your investment property from the moment you purchase it to the day you sell it.
Online billing makes collecting rent and distributing funds to your accounts much more efficient than the traditional paper billing option. Digital invoicing is easier for tenants too – making the whole process convenient and easy to track for everyone involved.
Online leasing documentation also streamlines the process of placing quality tenants. These things have revolutionized the way we do business, cut our vacancy times down to a fraction of what they used to be, increased the security of information received and sent, made way for unlimited amounts of documentation, information and resources.
One key element to a successful rental property is tenant retention. It is better for the longevity of your investment to keep quality tenants happy on your properties. The ease of making repair requests online is one added convenience property managers can offer your tenants.
Let us show you how owning a rental property in the Treasure Valley can be easier than you think with the right partner in property management.
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.
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.
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.
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.
RentWise Property Management
925 N Main St. (drop box only)
Meridian, ID 83642
P O Box 191208
Boise ID 83719
Office: (208) 949-3083
Fax: (208) 953-7870