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Property Management Blog

Thursday, February 8, 2018

Kidnapped by Russian Mobsters and How to Manage 13,000 Rental Units with Andrew Propst
Property Management Blog
Check out this podcast done by our very own Andrew Propst! Believe it or not, our Park Place Property Management President lived through a terrifying experience at young age. After being kidnapped in Russia, he lived to tell the tale, and even went on to invest in rental real estate in a big way! Andrew shares his key insights to finding ...

Monday, January 29, 2018

The Best Way to Reduce Rental Property Maintenance Costs | Boise, Idaho
Reducing the maintenance costs for rental property is a goal for most landlords and property managers. Today, we’re talking about some of the ways you can save on your maintenance expenses. For most property owners, this immediately means trying to save on parts, and getting supplies cheaper. It’s true that you can do things ...

Wednesday, January 24, 2018

Four Trends That Will Impact Rental Markets In 2018
Property Management Blog
As we embark on 2018, there is a multitude of changes and trends in the real estate market that will impact all aspects of the rental industry, and it’s important for real estate professionals to explore them. From investors keying into market growth areas to property managers making adjustments to meet tenant expectations, creating...

Thursday, October 5, 2017

10 Reasons You Need A Property Manager
Property Management Blog
Many aspiring landlords believe that owning rental property will be a dream come true. You get to sit back and collect the rent — automatically of course — while your tenants take the utmost care of your property and look after it as though it were their own. You retire to a beach in the Caribbean, and the tenant continues to...

Monday, July 17, 2017

SW Idaho Q2 Vacancy Report
Property Management Blog
Ada & Canyon county vacancy rates on average decreased again from 3.7% in Q1 to 3.5% in Q2 of this year. Overall the largest decrease was in multifamily units in Ada County which went down 1.3% this quarter. The second largest decrease in vacancy rates was Canyon County single family homes which went down by.8%. Ada County single fam...

Friday, June 16, 2017

Construction is Slowing Down in Idaho
Property Management Blog
The heady days of 2015 and 2016, where Idaho frequently led the nation with double-digit growth in construction jobs, seems to have tempered in 2017. The number of construction jobs in Idaho did reach a nine-year high at 44,500 in February, but the sector has been shedding jobs each month since then and hit 42,900 in May, according to the...

Tuesday, May 23, 2017

4 Ways to Survive Future Real Estate Market Crashes
Property Management Blog
The real estate market may be very healthy compared to what it was five years ago, but that doesn’t mean we’re in some sort of eternal bliss. There will be rough patches ahead — and likely a couple more crashes in your lifetime — but how can you as an investor safeguard yourself against them? 4 Ways to Protect Yo...

Wednesday, May 17, 2017

10 Keys to Becoming a Real Estate Investing Legend
Property Management Blog
1. Be kind. There’s a quote by Maya Angelou that just seems to ring more true as the years go by: “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” One of the first things we learn as kids is to play nice—to share...

Sunday, April 30, 2017

SW Idaho Q1 Vacancy Report
Property Management Blog
Ada & Canyon county vacancy rates on average decreased from 4.0% in Q4 to 3.7% in Q1 of this year. The largest decrease being single family homes in Ada County going down 1.4%. Canyon County single family vacancies decreased by .8%. Multifamily vacancies in both Ada and Canyon County combined decreased .5%. Ada County single family ...

Wednesday, March 22, 2017

Why Real Estate Is Your Smartest Investment
Property Management Blog
Inflation is defined as, “a general increase in prices and fall in the purchasing value of money.” Your money doesn’t go as far — simple. The $30k you made at your job 10 years ago and lived comfortably with barely gets you by now. You can’t control inflation (the Federal Reserve does that) and the government has doubl...

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