Boise, ID (PRWEB) May 07, 2013
The Boise State Bronco’s football program may have put a spotlight on Boise, and what much of the nation has recently learned about Boise, has been no secret to property investors. Boise is a fantastic place to live, and one of the fastest growing.
Families are attracted to the Boise area because it offers many of the same conveniences and opportunities as bigger cities, yet has managed to avoid the high crime rates and has still has that small town quality about it. Boise residents enjoy a wonderful lifestyle, where they can enjoy high quality education, health care, shopping, and endless options for outdoor recreation.
However, despite all Boise has to offer, it has not been immune to the economic hardships over the past year, and like much of the country, has experienced record foreclosure rates. Real estate investors saw an opportunity, and many of those foreclosures were purchased by investors to generate income as rental properties.
“With the number of rental properties dramatically increasing over the past few years, some investors were concerned that vacancy rates would increase. However, demand has actually increased in the Boise area, and vacancy rates in 2013 are at record lows. We’ve received a record number of inquiries for property management services in the Boise area,” says Wendy Chapman, marketing director for Real Property Management Boise. “We are seeing a large number in first time real estate investors, who are discovering that owing a rental property isn’t as easy as it looks. Acting as your own landlord not only takes time and patience, but requires a high degree of business savvy and knowledge of the local laws and ordinances.”
Professional property management agencies like Real Property Management in Boise, handle all the day to day landlord responsibilities for property owners for a set rate or monthly fee.
Their goal is to help property investors achieve success with their rental portfolios. They handle the marketing, tenant screening, rent collections, property maintenance, emergency calls, and if needed, they handle the eviction process.
Normally a balanced vacancy rate in Boise is right around 6%, but with vacancy rates currently at around 3%, it seems that property investors, whether new or veteran, will be able to take advantage of one of the best real estate markets in the nation.