Coeur d’Alene vs Nearby Cities
The real estate prices in northern Idaho are a bit higher than the prices seen approximately 30 miles away in Washington. While Spokane, Washington, offers a median listing price around $200,000 if not a bit lower, the median listing price in Coeur d’Alene is often around $350,000. The real estate prices in nearby Rathdrum are about the same, and the median listing price in Post Falls is often closer to $300,000. In Hayden, the median home price often doubles the median listing price in Spokane. Residents can expect to pay more than $100 per square foot on average, but many choose to cross the state line in search of more affordable real estate prices.
Coeur d’Alene Property Managers
When a homeowner or real estate investor wants to rent their property but isn’t interested in overseeing the day-to-day operations, they hire a property manager to act on their behalf. A manager can handle all tenant-related issues while ensuring that the property is well-maintained inside and out.
Coeur d’Alene Property Management Fees
Most property management firms charge their clients a percentage of the gross rental payments collected from the property. The management contract may also include a leasing fee that covers the manager’s efforts to find suitable tenants for the property. In some cases, a vacancy fee is used instead of a leasing fee.
Idaho Landlord/Tenant Laws
- Idaho landlords have up to 21 days to return a security deposit once a tenant vacates a rental unit. Tenants may agree to increase this period to 30 days.
- Tenants may file a lawsuit worth up to $5,000 if they believe that a landlord is keeping their security deposit illegally.