Top City Searches in Idaho
Idaho: The Gem State
Idaho has an estimated population of 1,839,106 residents. Its capital city is Boise, which also happens to be its largest city. Idaho is known for its vast mountain landscape, national parks, and wildlife refuges. Colleges and universities located here include the
University of Idaho,
Idaho State University, and
Boise State University.
Idaho also has a vibrant arts and culture scene. The state is home to a number of museums, such as the
Museum of Idaho,
Idaho State Museum, the
Idaho Potato Museum, the
Idaho Museum of Natural History, and
Boise Art Museum. There are also several performing arts companies based in Idaho, like the
Boise Contemporary Theater,
Ballet Idaho,
Opera Idaho, and the
Boise Philharmonic.
Other attractions in Idaho include the
Craters of the Moon National Monument & Preserve,
Shoshone Falls Park, the
City of Rocks National Reserve,
Redfish Lake, the
Old Idaho Penitentiary Site, and
Bogus Basin.
The State of Idaho's Rental Market
Idaho homes are notoriously expensive. Despite the pandemic, home prices in the Gem State continue to rise. In fact, Idaho boasts a
median sale price of $456,740. This signifies a 26.9% year-over-year change.
Still, there are many rental properties in Idaho. The state has a sizable renter population, with 30% of its residents renting their homes. Idaho also boasts a low vacancy rate, largely due to its expensive housing market. In 2019, the state vacancy rate was 3.96%, whereas the national rate was 5.97%.
Image via towncharts.com
While rent is lower in Idaho compared to other states, it still provides landlords with decent returns. The state median rent in 2019 was $880, which is higher than the year prior. In fact, rent has been on the rise in Idaho since 2011.
Image via deptofnumbers.com
Lastly, Idaho's relatively landlord-friendly laws make it appealing to rental property owners. Here, tenants can't withhold rent, and restrictions on fees and other charges are few and far between.
How an Idaho Property Management Company Can Help
While imperfect, Idaho's rental market has attractive qualities. This is precisely why many investors are looking to buy rental properties in the Gem State. However, managing rental property in Idaho is not as easy as it looks, especially if you have no background in rental management. Landlords also normally have inadequate time to concentrate on managing their rentals. With a 9-to-5 job and personal responsibilities, this comes as no surprise.
This is where an Idaho rental management company comes in.
With a professional service, landlords can rest easy knowing their investments are in capable hands. A property management company can shoulder all of the duties and responsibilities that landlords normally perform. These duties include but are not necessarily limited to:
- Property listings and marketing
- Tenant screening
- Property showings
- Rental rate setting
- Lease agreement preparation
- Property inspections (during the moving process and routine)
- Rent collection
- Lease terms enforcement
- Maintenance and repairs management
Furthermore, a property management company can assist you with budgeting and financial management as well as tax preparation. Should you ever need it, a company can also help you process evictions. Property management in Idaho does not need to be hard. With experienced professionals by your side, you can just sit back and wait for the checks to come in.
Search for the Best Property Management in Idaho
Rental Choice can help you find professional property management for your rental home in Idaho. Our
online directory was created to be an invaluable resource for anyone who owns or manages rental properties. We help property owners by connecting them with proven property management companies.
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