Zack Childress reviews about red flags of Rental scams and how to avoid them

Zack Childress reviews about red flags of Rental scams and how to avoid them

Apartments for rent signs open the door to a rental scam! by zackchildress

Landlords seek tenants, while scammers seek target in the name of rentals. Whether you are in the market to rent or looking to rent out your home, it is important that you are wide-awake such that you DON’T get locked in the sights of a rental scam trickster who appears to be very loyal and legit.

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Red flags of rental scam

When your gut feeling says that something’s not right about a proposed deal together with any of the following scenarios, then you need to take some action to not be deceived by the con artists. Listed below are some of the common things and it includes:

  • The owner of the property or the renter claims to be out of the country.
  • Communication is exclusively by email or over the phone
  • Hush-hush and urgent communication, i.e. when the person seems to be in a hurry and wanted to close the deal ASAP.

For renters:

You should suspect:

  • When the house has a “For Sale” sign but not a “For Rent” sign.
  • When the lock box is broken but the agent having his own or different keys to let you have a look at the property.
  • When the agent or owner is based out of town especially abroad.
  • When the home appears to contain someone else’s personal belongings and the rental sum is lower.

For owners:

  • The “renter” states that he/she is geared up to take the contract sight-unseen, in this case you shouldn’t be less cautious because this is typically a preface to an advance fee scam.
  • After seeing the property the renter requests that you buy things or hire an outworker to carry out some work, in this case, the scammer is the contractor.

How to avoid being deceived?

Whether you are a renter or the proprietor, it is important that you take certain steps that will help you to cut the risk of being scammed. Let’s have a look at what you can do to not get deceived by these crooks.

  • Confirm the identity of the person you’re dealing with and know their name and address and get their notarized ID. On the other hand, for renters, you should be able to confirm ownership of the property on county registers.
  • Check out average rental prices in the locality.
  • Never rent or lease a home sight unseen. No one would really agree to such a thing, so it goes without saying that it is a scam.
  • DO not trust anyone who asks you to wire money to someone whom you have not even seen or don’t know irrespective of how convincing their story is.