Archive for October 2013

Rental Market Continues to Grow

Prices for renting homes and apartments in and around Idaho Falls, Idaho are showing a steady increase from 2012. Ever since the housing market crashed in 2008, local property managers have been saying that more people are reluctant to buy a home and are choosing to rent instead.  This increase in renters has caused the…

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BMG's Annual Coat Drive

Now that the weather is turning colder it’s time to bundle up the kids, but not every child has a warm winter coat and that is why BMG is now getting ready for our annual coat drive. We started in 2011 when a local 1st grade teacher came in to pay her rent in Idaho…

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Valuing Property Via The Capitalization Rate Methodology

  Valuing Property Via The Capitalization Rate Methodology When one wants to know the value of a property, like an apartment building, there are two different commercially recognized assessment approaches that are used. The first one is the comparable market approach analysis (CMA), which is used both for single unit residences and multi-unit properties. The…

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Rising Demand For Apartments

Despite recovery in the single-family housing market, demand for apartments continues to surge. Just 4 percent of U.S. apartments nationwide were vacant in the second quarter of this year, according to a new report from Reis. That pushed rents up 3 percent from a year ago. “The simple fact that vacancy continues to compress despite…

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Professional Property Managers Reduce Rental Vacancy Rates Nearly 40%

A recent national study* shows that professional property managers have much lower vacancy rates than the average. The break down looks like this: Vacancy rate with a property manager 5.5% US Census Bureau average 8.8% We decided to look at BMG’s current vacancy rate to see how we compared. Idaho Falls office  3.2% Salt Lake…

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