Star, Idaho – A Vision for the Future
By Athena Savoglou
Star is an often-overlooked part of the Treasure Valley; however, investors and city planners are endeavoring to change that!
Star was incorporated in 1905 and showed some promise to become a prominent municipality. By 1917, there was enough of a population to support The Merc, all-purpose market selling food, supplies, home goods, and other products to Star’s residents. However, after disputes involving paving and the decline of the newly constructed electric railroad, Star unincorporated in 1929. For the next roughly 70 years, Star remained under the radar with less than 700 residents and minimal city services. However, in 1997, Star reincorporated and began gradually growing once again.
Looking Ahead – A Vision for Star
Since 1997, Star’s population has increased to 11,000, and according to statistics and projections shared by Star’s city councilmen, shows no signs of stopping. In fact, it is projected that Star will have 35,000 residents by 2040. While the growing population is great for local and state economies, it requires major changes in infrastructure.
Firstly, there is a move to expand Star’s architectural overlay district; In other words, to prepare the groundwork to convert farmland to space that is usable for living and recreation by bringing electricity and other utilities to the area. Luckily, Star has already funded the planning of this project. When the land becomes usable and farmers begin to sell, impact fees will likely help fund its actual implementation.
Additionally, changes in highway district planning will drastically improve Star’s accessibility factor. The planned changes include: (1) connecting Interstate 16 to Interstate 84, which will facilitate transportation between Star to Boise, Nampa, Caldwell, and Meridian, and (2) widening State Highway 44 to five lanes, which will accommodate increased traffic flows along the Star, Eagle, Boise corridor. These changes will meet commuting needs and make Star an attractive area for those who work in neighboring towns.
What This Means For You
The rapidly growing population and planning process already underway in Star, could indicate that this is a promising location for those looking to invest in real estate. Planned expansion in the architectural overlay footprint, as well as increased road accessibility, would suggest that an investment in Star is well positioned for appreciation in the coming years.
(The maintenance updates only apply to those of you who have pre-ordered these preventative maintenance services. If you didn’t opt in for a service you read about in this newsletter, and would like to schedule a service, just email Spencer@rentalsinboise.com to let him know.)
The following services will be completed by the end of August:
- Crawl Space/Attic/Roof inspections
- Dryer Vent Cleaning
- Hot Water Heater Service
- Power Washing
Fall yard clean up and fall lawn treatment will be scheduled for the first part of October. Gutter clean outs will be scheduled once we are closer to Fall and can estimate when the leaves will have mostly fallen.
Vendor billings for pre-elected optional maintenance items received prior to closing our books on the 25thwill appear in your August statement.
In an audit of owner website activity that Karen conducted last month it became evident that many of you are not accessing our website to login to your online portal which provides you with monthly statements and copies of vendor invoices. This could be because you have forgotten your password and have been locked out from access. If this is the case, please contact Karen@rentalsinboise.com. Karen can also assist you with any questions you may have about your statement.
This month’s tenant newsletter also features the growing trend of adult roommates, considering delayed marriage rates, increased student loan debt, and high costs of living.
To encourage tenants to read our newsletter so that they keep informed of reminders and general maintenance updates, RMA has incorporated a puzzle into the newsletter for which a prize will be awarded each month. We have seen an amazingly successful 30% increase in readership! This month, we feature another crossword puzzle, the clues for which are buried in our Reminders sections as well as the feature article.
Check out our tenant newsletter this month: 2019 August Tenant Newsletter
Vendor Spotlight – Rick Werntz
By AJ Black
Reality Management Associates is pleased to feature Rick Werntz, of A Step Up Painting as our Vendor Spotlight for the month of August. Rick started his professional journey early, painting with his brother and father as a young man, and continuing on to do it professionally.
Rick tells us that the best part about his work is that he is always meeting new people. He also particularly enjoys being self-employed. He thinks that perhaps his colleagues may find he’s a little talkative, but I’m sure they enjoy his fun-loving nature! When Rick isn’t working he enjoys the theater, both as an actor and an audience member.
Rick, being from Illinois, is a big Chicago Cubs fan and enjoys nothing more that kicking back in front of the game with a cold beer and a plate of wings. His hometown of Freeport, IL holds a special place in his heart, and he loves to go back to visit friends and family. He even keeps up with local Freeport news and sports reporting.
Rick is a dutiful Christian and enjoys discussing theology and faith. A typical Sunday for him includes a morning at church, mowing the lawn, and relaxing while watching the game. Sounds like a well-deserved mellow day in the life of a very busy man! We appreciate your partnership Rick, RMA thanks you for everything you do!
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!