Written By Introduction
Discover the prevalence of rental fraud and how it can harm both landlords and tenants. Learn about the different technique’s scammers use to commit rental fraud.
Hijacked Ads: Beware of Altered Contact Information
Understand the hijacked ads scam, where scammers alter contact information for genuine rental properties. Learn how to verify the legitimacy of a rental ad.
Renting a Property, the Scammer Doesn’t Own
Explore the rental scam where fraudsters lease properties they don’t own and collect rent from unsuspecting tenants. Discover real-life examples and the impact on victims.
Red Flags: Spotting Rental Scams
Learn to recognize common red flags in rental ads that indicate possible scams. From unusually low rent to sketchy payment methods, be cautious and vigilant.
Due Diligence: Protecting Yourself from Rental Fraud
Discover essential due diligence steps to safeguard against rental fraud. Verify property existence, research landlords and agents, and avoid sharing personal information.
Conducting Online Research
Learn how to use online resources like Zillow, tax records, and Google maps to verify property details and owner information. Be proactive in checking the legitimacy of the rental.
Vetting Landlords and Rental Agent
Understand the importance of researching landlords and rental agents for licensing and legitimacy. Discover warning signs and how to avoid potential scams.
Avoiding Unsolicited Offers
Be cautious of unsolicited email or telephone offers, as they may be scams. Legitimate rental agents rarely use such tactics.
Insisting on Written Leases
Learn the importance of having written lease agreements that outline rental terms clearly. Avoid deals that lack proper documentation.
Inspecting the Property Before Renting
Understand why physically inspecting the property is crucial before signing a lease or paying rent. Virtual tours may not provide a complete picture.
Avoiding Upfront Payments
Be wary of landlords or agents who demand upfront payments or wire transfers before signing the lease. Explore safer payment methods.
Conclusion
Protecting yourself from rental fraud requires due diligence and awareness of common red flags. By conducting proper research and insisting on transparent agreements, you can minimize the risk of falling victim to scams. Stay informed and secure a safe rental experience.
