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Property Management Blog

Boise Property Management October Vacancy Performance Report


System - Wednesday, October 31, 2012

October Vacancy

As the weather cools and the holiday months begin, we start to see the demand for rental homes decrease. As such, Legerity Property Management only had approximately 4% of its inventory up for renewal in October. With most of our leases locked in/extended until the winter passes, October is usually a low vacancy month. With less than a 1% vacancy rate for the month, the year-to-date and 2011 comparison may be viewed below.

October Renewal Rates

October had a 66.67% renewal rate with an average 3.45% increase in rents for renewed leases. Legerity Property Management YTD renewal rate is now at 61.43%. I had hoped this would be an even higher rate this year; however, as equity positions improved, we did have many leases on single family homes that were not able to be renewed this summer due to owner-occupied purchases.


Contact Us

Morgan Property Management
7150 W Potomac Dr.
Boise, ID 83704

Phone: (208) 996-8888
Fax: (208) 996-8800
Email: office@morganidaho.com

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