The rate of rental property scam is growing upward. There are too many frauds and scammers how will ready to snatch your precious money. So, there are some tips which may helpful to avoid these type of scams.
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RENTAL PROPERTY SCAM
Whenever you are moving to a new city/location or planning for a long vacation
to explore a new city, you need a place to live. Houses for rents, apartments,
rooms, etc. you need, to save your time you search on the web. At that time
frauds will become active. They will create adverts for those properties who are
actually not exist or not available and try to trick people into sending their cash
before they move to property or find the reality.
HOW SCAMMERS WORK
They target those properties which are difficult to find and they know which
property is right to make a profit. Scammers/frauds are very perfect to attract
renters through websites, flyers, bulletins, etc. so be aware.
Scammers/frauds may know well to hack rental or real estate listing and change
the email address or any other contact information, they can also modify their ads
and post on another website.
They will show you property online and gives you the best deal. They are very well
knows that to make fool, they will prove you that this is the best deal you have,
they offer you the lowest rent according to your budget and shows you those
properties for rent which will doesn’t exist or not available. They will make fake
promises for low rents with great amenities. Because their main target is to rip
your cash before you find the truth.
DETECTION OF A SCAM
LOW RENT ACCORDING TO LOCATION
If landlord, you a great deal like low rent with great amenities then you should
beware. You should investigate the similar type of apartments or rooms or rental
property to the desired area/location. Never send your money to landlord
without seeing the property, you should walk away from any suspicious situation
and stop the communication to save your precious money.
CHECK THE LANDLORD
According to the scammers/fraud, they are the real owners of the property &
them very confident about it. But this is not real, a landlord will always there to
sort your queries but scammer will not. Search on the web; investigate about the
property, whether they are a real landlord or a scammer. If the landlord says that
they are out of town, state or country you have to ask when they will be back to
deal and they give you any excuses, then you have to step back.
URGENT TO FILL VACANT
Mostly time’s scammers will force you to move as soon as possible, because they
want to make some cash from you. If you found something like this then you
should be aware. They will offer you a best deal or discount for a limited time,
and tells you to move quickly. And also ask for advance payment don’t do it.
AVOID A RENTAL SCAM
VISIT TO PROPERTY WITH THE OWNER/MANAGER:
Before taking any final step you should consider to take visit or revisit to the
property with the landlord or manager. Because getting a rental property through
online may get you down but, to make it confirm you should check again a visit to
the property with the owner / manager.
ADVANCE PAYMENT PLEASE:
Scammers will not target you they will target your money, if the landlord asks for
the advance payment, neglect it. They will make several excuses like renovation,
rewiring, fittings, etc. to make cash from you. Never make an advance payment
through money order, cards, visa, credit card, etc. Step out from that condition
and start your search for genuine landlords and rental property and the most
important thing is that never shares your bank details with them.
Before signing any documents or before payments meet the landlord/Manger of
the building. Sometimes the scammer carries fake keys to use to open apartment,
homes, etc. you should check on the internet also about property owner, because
the landlord / manager will also use the internet to post their ads of rental
property on several websites. So it should be helpful to search for web or directly
meet with the owner /manager of the building.
Our Law is always available to help us; if you will find that you are targeted by a
rental scam, another person or find fake ads related to rental scam. You should
report to your law enforcement agency and to the FTC. You should also contact
the website where the ad was posted.
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