A year ago we wrote on how to avoid a rental scam. Unfortunately rental scams have only continued to increase in frequency and complexity since then. In this article we will review a few rental scams, how to detect them and resources you can use in avoid becoming a victim.
Types of Rental Scams
How to Detect Them
Landlords that are long distance
A large amount of scams originate from our of country or out of area. They will usually involve a story of a person who has had to relocate on short notice and will not be in the area to allow you to meet you in person or to show you the property. Typical professions that are used in these scams are doctors, UN workers, soldier and researcher.
Request to Send them money long distance
They will typically ask you to send a wire transfer or other funds. They will insist to send you funds without viewing the property, speaking to you or meeting with you in person.
Requests Confidential Information
Never under any circumstances provide financial information, social security numbers or bank account information to people you cannot verify. Verify it is a owner or agent of the owner.
Make sure the person showing the property is truly allowed to either show the property or to rent it out. Does the person showing the property have full access to the property?
Too good to be true
The rent in the area is $2,000.00 and you see it marketed for $1,000.00. Scammers use this method to bring in as many potential victims in a short period of time as possible.
How to Avoid Being A Victim