Nampa vs Nearby Cities
Some of the lowest real estate prices in southwestern Idaho are found in the city of Nampa. The city’s median home value is around $150,000, and the median listing price is around $200,000. It’s common for buyers to pay a median of $1,000 per month for rental properties. Caldwell and some other nearby cities offer similar housing prices, but many other cities have more active real estate markets with higher prices. For instance, the median listing price is around $300,000 in Boise and Meridian. With a median home value around $200,000, Melba often has higher real estate prices as well.
Nampa Property Managers
Property owners without real estate experience often hire managers to ensure that their business is properly maintained. Professional managers are experts when it comes to pricing rental units competitively and ensuring that tenants pay rent on time and follow property rules. The manager is also responsible for overseeing upkeep for all areas of the property, including landscaping.
Nampa Property Management Fees
Property management fees are typically around 10 percent of the rent collected from all tenants. In some cases, this fee is closer to eight percent while it is closer to 15 percent for other properties. Most managers will charge an extra fee if they are required to market the property and screen potential tenants.
Idaho Landlord Tenant Laws
- When a tenant falls behind on their rent, the landlord must give them three days to pay the rent or vacate the property before the landlord can start the eviction process.
- If a landlord can prove that a tenant has seriously damaged the rental property, they have the right to give the tenant three days to move out of the rental unit.