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Tip of the Day

Fraud Tip of the Day - August 7

Rental Scams - Cheating Both Landlords and Tenants Image rental scams

Landlords and tenants should be wary because rental scams are on the rise as criminals move in to take advantage of the volatile housing market.

Many people never consider how easy it is to take advantage of someone looking for a property to rent. Few give it a second thought. Fewer still take the steps necessary to ensure the person they're renting to or from isn't a criminal until it's too late.

Avoiding rental scams begins with understanding how they work. Once you know what to look for, your chances of identifying one before you hand over your money increase enormously.

Ploys used by scammers to steal rent money:

Now that you know a few of the most common rental scams, let's look at how to detect and avoid them! Below are some ways you can find out if you're dealing with the actual property owner.

How to detect rental scams

If you're a property owner, we offer the following tips to help you protect your investment:

Rental Scam Tips for Property Owners

This may seem like a lot of work but much of it can be done quickly in front of your computer. If you ask anyone that's been bilked out of their rent money, they'll tell you it's time well spent.

Related Rental Scam Links

Craigslist Apartment Rental Scams
Nigerian Rental Scams - How to detect and avoid them
Rental Scams for Owners

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