The Spirit of Giving
With Thanksgiving just behind us and Christmas less than a month away, the spirit of giving is thick in the air. Last year we offered to act as your holiday elves in delivering a small token of your appreciation to your tenant(s). We had an overwhelming response, the result of which was very happy tenants! A $25 gift card goes a long way to putting a smile on your tenants’ faces and good will for the New Year. Better yet, it’s tax deductible to you! Now that’s a win/win! So….. was your tenant naughty or nice this year? If you think they were nice, perhaps you would like to spread a little love in this season of good will, and gift your tenant a Gift Card? If you would, please let us know by emailing: Claire@rentalsinboise.com. Be sure to include your property address and your name. We will take care of the rest!
In a rapidly changing world we learn something new every day! One of our clients recently specified that he did not want CFL bulbs, (compact fluorescent), to be installed in any of his rental properties because they were potentially dangerous to the tenants as well as an environmental hazard. This prompted us to conduct our own research.
Shedding Light on the Facts
All the way back in 2007, Congress passed legislation for light bulbs to be more energy efficient. Now almost 10-years later, the lighting arena offers more choices, but at a higher cost. The argument to the increased cost of the bulb itself, is that energy savings, and therefore a reduction in energy cost, offsets the higher cost of the bulb. As we enter into 2017 there are three basic kinds of light bulbs to choose from – CFL, Halogen and LED. Halogen bulbs are essentially incandescent lighting fueled by halogen gas, which is more energy efficient than the old incandescent bulbs. CFL is a low-pressure mercury-vapor gas-discharge that uses fluorescence to produce visible light. And LED bulbs contain a light-emitting diode, a two-lead semiconductor light source. When a suitable voltage is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons.
Lighting the Future
In a recent staff meeting we reviewed light bulb options, prompted by our client’s personal light bulb policy, and agreed unanimously to transition all rental properties over to LED lighting. Although energy efficient, CFL bulbs do represent a small household hazard, the much larger concern is the environmental hazard when not disposed of appropriately. It was our concern, and opinion, that many tenants would not know that CFL bulbs should not be simply thrown in the trash when they burn out. The EPA recommends that CFLs be taken to recycling centers, and some states have made it illegal to discard these mercury-containing light bulbs in landfills.
So, effective immediately our maintenance personnel will be replacing any missing or burned out light bulbs with LED bulbs. Although these bulbs initially cost more than the old incandescent, they have many benefits for the tenant, the landlord and the environment. To learn more about the benefits of LED light bulbs, visit this site: http://eartheasy.com/live_energyeff_lighting.htm
Third quarter vacancy report came in a little late to include in our October Newsletter, but it’s available for viewing now: http://www.rentalsinboise.com/property-management-blog/sw-idaho-narpm-vacancy-report-q3-2016
Ada & Canyon county vacancy rates on average remained at 2.7% for the 3rd Quarter of 2016. The largest increase in vacancy rates from last quarter are Canyon County single family homes which increased from 2.4% to 5.2%. Ada County single family homes had a vacancy rate increase of 3.7%.
Data provided by the Southwest Idaho Chapter of NARPM
- All sprinkler blow-outs have been completed.
- Gutters have also been cleaned out for those clients who requested we make arrangements for them.
- Vacant homes have all had thermostats set to 59 degrees.
- Tenants have been reminded to disconnect hoses, change furnace filters, rake and bag leaves and cut back perennials.
- Yard maintenance is now ready for a 3-month winter’s nap!
Our first Tenant Newsletter in conjunction with our Tenant Appreciation Program was well received! We ran a competition to name the newsletter and Jon Adamson’s (of Olmstead Ave), submission was selected as the favorite by our staff. From this point on the tenant newsletter will now be known as Renter’s Messages and Announcements.
We also asked our tenants if any one of our staff particularly stood out to them in the level of service they had given. Chloe Foster, (of N Stilson Rd), sent us a glowing account of her interactions with our leasing agent, Brandy Ker. “I have lived in my apartment, managed through realty management, for two years. There's one employee who has always been kind and helpful to me no matter what it was. She always responds promptly to my emails and questions. Every time I go and pay my rent she has the friendliest smile on her face and this makes me feel welcome. Her name is Brandy. I appreciate her hard work and how friendly she is every time I see her. Thanks! :)
What Are You Interested In?
This newsletter is intended as a resource and communication platform for you. If there is a topic, relevant to the management of your investment property, that you would like me to write on, please let me know!