Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted about 9 years ago

5 Tips for Avoiding Scams in Rental Housing

Finding a place to rent is a difficult process. Tenants have a lot to keep in

5 tips for avoiding rental scamsmind when finding the perfect place. While considering location, rent price, and a pet policy, an unsuspecting tenant may not ask the most important question: Is this a legitimate property listing?

There are many scams on the internet that seek to profit off of tenants. We've compiled 5 tips that will help you avoid a rental scam.

Tip #1 - If the Property Seems Too Good to Be True, Then It Probably Is

Scammers often create listings that will attract as many people as possible by creating the ideal listing. Be cautious if the listing offers an unrealistically low rental price with little or no deposit, requires no tenant screening application, or accepts pets, short-term leases, or is furnished for no additional fee.

Tip #2 - Read the Listing Carefully

Numerous spelling and/or grammar errors in the listing could indicate a scam. Also check to see if the pictures of the property match the description.

If there are no pictures, this is also a red flag. Legitimate landlords are trying to get people interested in the property, so there's no reason to avoid including pictures in the listing. You can always call the landlord to verify the details of the property.

Tip #3 - Speak with the Landlord or Rental Agent Before Applying to the Property

When you speak with them, you can verify that they are who they say they are and check for inconsistencies in property details. You should be cautious if a landlord or rental agent is refusing to speak with you over the phone.

It's also good practice to see the property before giving out your personal information to the landlord or rental agent. If you have any concerns about the property, then do not apply.

Tip #4 - See the Property before Sending Money

It is not uncommon for renters to apply or rent a place before ever seeing it, but this practice is risky. Most scammers will come up with a reason or excuse on why they are not able to meet you in person. They may also avoid giving you an address so that you can see the property.

Be wary if the landlord asks you to make a payment and in return they will mail you the key, send money to a location that is not in the local area of the property that is available, or make a payment to an account that is outside the United States.

Tip #5 - Never Wire Money

There's just no reason to wire money for a deposit or rent. Wiring money is like sending cash: it is hard to track and you may not be able to get any of it back.

This article brought to you by: Turbo Tenant the easiest landlord software. 100% free for landlords and property managers. Rental property listing marketing, online tenant rental applications, tenant screening and credit checks and online rent payments.


Comments