Idaho Falls vs Nearby Cities
The real estate prices in Idaho Falls are comparable to most nearby cities. The median listing price is over $250,000 and is expected to rise in years to come. Compare that to a median listing price around $300,000 in Rexburg and close to $200,000 in Pocatello. Idaho Falls rests right in the middle, offering southwestern Idaho residents an option for affordable housing.
The median rent price in Idaho Falls is around $1,100 per month. With a median monthly price around $900, rental prices are a bit lower in Pocatello.
Idaho Falls Property Managers
Property management companies handle the day-to-day operations of rental properties. A professional manager is an authorized representative of the property owner. That gives the manager the authority to act on behalf of the owner when collecting rent, processing evictions and screening potential tenants.
Idaho Falls property managers may also oversee property maintenance and repairs. They may help establish prices for each rental unit, utilizing advanced real estate knowledge. Some property managers also provide marketing services to the property owner. The exact services provided may depend on the level of involvement by the property owner and the skills of the manager.
Idaho Falls Property Management Fees
The average property management fee is typically around 10 percent of all rent collected at the property. Some property management companies will charge 12 percent or more while others may drop prices below 10 percent. The difference is often based on the location and size of the property and the combination of services offered. You may also notice a difference in pricing from one area of Idaho Falls to another. Property owners can expect to pay additional fees for specialized services.
Idaho Landlord/Tenant Laws
- Idaho landlords have no restrictions when determining how much to charge for a security deposit.
- Landlords have up to 21 days to return a tenant’s security deposit after they move out of the rental unit. If the tenant agrees in advance, this time frame may expand up to 30 days.