Management Services
Why Hire a Certified Residential Management Company®
First Rate Property Management is one of only three Certified Residential Management Companies® (CRMC) in all of Idaho, which is a designation awarded by the National Association of Residential Property Managers® (NARPM). Professional property managers with the CRMC designation have heightened expertise and industry knowledge to assist them in doing the best possible job. They are real estate professionals who know first-hand the unique challenges of managing rental property in today's constantly changing economic and legislative environment. And they know how to manage those challenges to everyone's benefit. They can maximize rents and income for you; and they will manage the property efficiently, professionally and economically. As a member of NARPM and a CRMC, First Rate Property Management has established relationships with the top property managers across the nation. This elite group works together as partners, not competitors to learn from one another to develop the best management services possible, for both their property investors and tenants.
Why Boise Property Owners Choose First Rate Property Management, Inc.
Over 20 years, First Rate Property Management has become the Boise based property management company that it is today, all from referrals. We have never bought a business or sent out a single mailer or spam. Our largest source of referrals are from our very own clients. Why? Because unlike most other companies, we are investors too. Our client's real estate investments perform well and because of that, they tell all of their friends and family to invest in Boise.
We chose to name the company First Rate Property Management because we demand that our agents and contractors strive to provide First Rate service. Your rental property is a valuable asset. Entrust the management of that asset to a property manager that offers you peace of mind. First Rate Property Management has one million dollars in coverage per incident for General Liability, Professional Liability and Worker's Compensation insurance.
Search Engine Placement
First Rate Property Management has identified their target market and they are known as the Millennium Generation. The Millennium Generation is very concerned about TIME. The Millennium Generation uses technology to minimize their efforts so as to maximize free time. This is why the internet is becoming more and more the shopping grounds for this generation. In regards to rentals, the Millennium Generation prefers to save time and browse rentals in the comfort of their own home. This is why having complete property descriptions and photos are so important. Having the ability to apply and pay rent online, saves them time and they find this process pleasing.
Summary of our Professional Management Services in the Boise Area
Market Analysis and Projections
First Rate Property Management conducts a market analysis for each of our properties. We subscribe to services, who accumulate rental data to assist us in creating comparable market analysis and other research to maximize rents, yet minimizing vacancy.
Tenant Screening
Proper tenant screening can make the difference in how your property performs and how happy you are as a landlord. You don't want to go with a company that just accepts a tenant who shows up with cash. That's why First Rate Property Management's screening criteria is one of the highest in the area. Credit reports, criminal background, employment verifications, and prior rental references are thoroughly checked. Our eviction rate is less than one tenth of one percent. Feel free to checkout our rental application to see what information we collect and the rental criteria.
Payment of Expenses
At no additional charge, we will gladly pay any or all property related expenses to include the owner's mortgage, hazard insurance, property taxes, and HOA dues. Copies of any bills or invoices are scanned and posted to our client's online statements.
On-line Accounting
First Rate Property Management deposits your monthly proceeds directly into your checking account. You can review your account anywhere in the world 24/7 by logging onto our secure site. Your monthly statements are posted on the site and all support documentation and copies of any bills are scanned and posted for your review.
Reasonable and Dependable Maintenance Services
Due to our volume, First Rate Property Management is able to get many professional services at discounted prices. For example, we get carpet for less than most builders. Additionally First Rate Property Management's system emails you a copy of any work order generated, so you know when work is being done. First Rate Property Management has a 24-hour emergency hotline for tenants to use in the case of an emergency.
Additionally, our maintenance FAQs includes photos and videos which help our tenants properly troubleshoot maintenance issues, so that a service call is not necessary. This saves our investor clients' money.
Lastly, we encourage all of our investors to compare the costs of in-house maintenance versus our long list of sub-contractors. We went to this system because it is cheaper and more flexible in making tight deadlines.
Detailed Move-in and Move-out Inspections
First Rate Property Management conducts a 4-page move-in and move-out inspection form. The owner receives the results of these inspections via email to include photos. We perform each inspection as if we were headed to court. So on the rare occasion that we have to go to court, our superb documentation should prevail.
Enforcement of Lease Covenants
A drive-by inspection is completed for each property at a minimum of twelve times a year. If evidence suggests damages or neglect, notice to inspect the interior of the property is given. If minor infractions are found, the tenants are served with a warning notice and a follow up inspection is scheduled. Better yet, we leave a huge THANK YOU note on the door if the tenant is taking amazing care of the home or apartment.
A Lease That Protects You
The Residential Lease speaks for itself. We used to say that our rental agreement is the best rental agreement in the area, but since so many companies have copied it nearly word for word, we no longer can say that. Regardless, our rental agreement has not been beaten in court yet.
Rent Collection
A majority of our tenants pay their rent on-line or by auto debit. So our investor's rents are collected in full and on time.
Consulting
We can assist potential owners in finding properties that cash flow. We can also make suggestions of low cost improvements to the dwelling that will increase rents as well as value. Tony has developed a special program that clearly spells out cash performance.
Showings
Our professional leasing agents meet tenants at the property and drive a clean and professional company car. Our properties show well so the combination of our professionalism and a rent ready property makes closing the deal much more successful.
Newsletters/blog
Each month our owners are emailed a newsletter that keeps our owners up to date with the sales and rental market as well as changes and improvements we make in our processes. Many of our owners have subscribed to our blog and receive updates as we post important information about the Boise rental and investment real estate market.
Handle All Complaints
Probably one of the biggest causes for Landlords to sell and run away from rentals is dealing with tenant complaints, excuses, or lack of attention to the property. We handle these for you so you don't have to. All of our employees have been trained on dispute resolution and have great success creating a win-win situation.
Service Locations
By limiting our services to the Boise, Meridian, and Eagle areas we aren't wasting our time in the car traveling all across the countryside. Our office is centrally located and we can get to our properties quickly.
Advertising
For over a decade, First Rate Property Management's website has dominated the search engines for the Boise area. In more recent years, the search engines have been more frequently changing their algorithms. As they change, we change. For example, between 2010 and 2013 we changed website platforms three times. Additionally, all of our listings are fed to over 100 other websites and search engines to include Craig's List.
Specialization
First Rate Property Management specializes in the professional management of residential rental homes and small apartments, such as duplexes, four-plexes, and small apartment buildings that do not require a resident manager.
More About Boise
To learn more about Boise, we recommend our Links page and these sites:
City of Boise
150 N. Capitol Blvd.
Boise, ID 83702
(208) 384-4422
Map
Boise Schools
8169 W. Victory Road
Boise, ID 83709
(208) 854-4003
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