Keys To Avoiding Real Estate Scams

According to National Rental Home Council (NRHC) members, who are owners of rental houses, scammers use a unique variety of tactics to get people’s money. Some hijack an actual rental listing by changing the email address or other contact details and placing the altered ad on another site. Still, some scammers may list a property already leased and then try to collect application fees, security deposits, and even the first month’s rent.

Here are some tips that can help you to avoid scams:

 

  • Do an online search of the rental company. Enter its name plus words like “complaint” or “scam.” If you find bad or doubtful reviews, you may want to look elsewhere.

  • Rental home listings may be present in several places, including rental company websites and online listing services. If you see a rental company’s listing on one of those online listing services, research the home’s address to make sure it appears on the rental company’s website.  If it doesn’t, it is a scam.

  • Compare prices. Is the rent is very less than comparable rentals? That could be a red signal.

  • Take a tour. Ask for identification. Rental agents should have a valid photo ID issued by the company that owns or manages the property.

  • Apply through the rental company, licensed real estate professional, or valid listings website. Read More…

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