When you’re renting out a property in Idaho, your goal is to ensure that property is safe and well-maintained. You don’t want to be sending vendors over to the property all the time to fix minor issue after minor issue. Instead, you want to streamline your maintenance services as well as your maintenance reporting. How can you do that efficiently and cost-effectively?  It’s not always easy. You need solid processes in place, a list of preferred and reliable vendors, and a budget that can cover everything from minor expenses and major replacements.  The truth is: streamlined maintena ..read more

Planning to keep your investment property for many more years to come?  Good. That’s how you build real wealth in real estate, and we appreciate working with investors who have a long term strategy. Buying and holding your investments for as long as it makes sense will allow you to earn consistent rental income in the short term as your investment appreciates in value over the long term. The longer you hold onto your investment property in Pocatello, Idaho Falls, or the surrounding areas, the more money you’ll likely earn with it.  This strategy only works, of course, if you continu ..read more

We talk a lot about the value of investing in multifamily properties, especially in markets like Pocatello and Idaho Falls. If you’re a real estate investor looking for a way to earn consistent and reliable income on an appreciating asset, this is your market, and multifamily units are your best asset class. These investments help you minimize the risk of vacancy and lost income. Even if one tenant moves out, you know you’ll have rent coming in from your other tenants. Multifamily units are also profitable investments because they provide positive cash flow while your tenants continue to pay d ..read more

Real estate is widely considered to be a smart investment due to its potential to generate passive income and build wealth over time. While the rewards are always appealing, it’s important to be aware of the risks and challenges that come with investing in real estate. Even experienced investors can make costly mistakes, so it’s crucial to understand the common pitfalls and how to avoid them.  We’ve been working with investors for many years. We’ve leased, managed, and maintained their rental properties. This experience has given us insight into the most common pitfalls of real estate in ..read more

It’s hard to be successful as a real estate investor if you don’t manage to keep track of the income and expenses associated with your rental properties. Sound accounting practices will show you where you’re earning money and losing money. Understanding how to position yourself and your portfolio based on your financials will also help you earn a higher return.  With the right property management accounting practices, you can make smart investment decisions that will help you earn more and spend less on a single property or an entire portfolio.  At Jacob Grant Property Management, w ..read more

The right amenities will do two important things when you’re managing a rental property in Pocatello or Idaho Falls. You’ll attract more renters to your property. And, you’ll be able to charge more in rent. The right amenities will also help you retain those residents that you’ve placed.  Which amenities have the most impact? What do tenants really want?  We’re taking a look, based on the data we have been able to gather on the current market and the preferences of residents who are looking for their next home.  Pet-Friendly Policies in Rental Homes  Flexibility around pet ..read more

Only a year or two ago, we were talking about the impressive impact of technology on property management and real estate. We were focused on new technology that had made our processes more efficient. Self-showings had become normalized. Online portals for owners and tenants are the best way to communicate and share information. Everyone had become comfortable with online rental payments and maintenance requests. Video doorbells had contributed to greater security.  Things have continued to change and technology has continued to evolve.  Now, we’re not just talking about how technolo ..read more

Real estate investments can fund your retirement. When you are earning enough cash flow from the properties you’re renting out, it’s easy enough to live off that money. But, how many rental properties do you need in order to retire comfortably on that income?  The answer is – it depends. It depends on your lifestyle and how much money you need to meet your needs every month. It also depends on the portfolio of properties you own; are they likely to be occupied by stable, long-term tenants, or will there be long stretches of vacancy? Are you having them managed professionally, or are you ..read more

Rehabbing your investment property is sometimes a choice and sometimes a necessity. Whether you’re doing it to bring the unit up to habitable conditions or you simply want to make enough of an improvement that you’ll raise your rents comfortably and attract better tenants, you need to be thinking about costs as well as design plans.  Materials are more expensive. Supplies are more expensive. Labor is a lot more expensive, and sometimes difficult to find.  There are still plenty of ways to control the costs you’ll have to face during your rehab, however. Keep your profits high with t ..read more

We work with real estate investors with varying levels of experience. Many of them have been slowly building a portfolio for years, and they are always looking for new opportunities to leverage what they have and potentially acquire new investments. We also work with new investors, who have been planning to buy an investment property for a long time, and they’re finally feeling ready to wade into the waters of the real estate market.   No two investors are alike; all of us have our own investment goals and our own definitions of success. What we can say about all investors, however ..read more