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Vacancy Rate:
First Rate Property Management's current vacancy rate is 3.7%, down from last years numbers at this time at 4.0%.  Rental inquires are slowing down mainly due to school being in session and tenants mostly have secured housing.


Boise Targeted With Rental Scams:
We've posted about rental scams before, but since this story just ran on the local Boise news, I thought I would touch on it again. In most cases, these rental scammers find an on-line ad. They steal the photos and property description, but use their contact information instead of the Landlord's or rental agencies and then post on Craig's list. Why Craig's list? Well, because it is free. If Craig's list would just charge a low fee to post ads, I believe a majority, if not all of the scammers would stop and move on to some other scam. Also, we need tenants to know that no legitimate Landlord is going to ask you to wire funds. To protect our listings, we watermark all of our photos. Someone could doctor the photos to remove the watermark, but why go to that trouble when there are so many other listings without the watermark. Those are much easier pickings.


In most cases, the tenants get scammed and lose their money. However, we receive calls where they see the scammer listing and our listing too and they think we are the ones trying to pull a fast one. Fortunately, because of the precautionary measures that we take to protect our listings from being easy prey, we do not believe any of the properties managed by First Rate Property Management have successfully been used to scam anyone.
The link below highlights one type of scam:
Tony Drost
Boise Area Rental Market

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