As a renter, it is important to know how to spot a rental listing scam and how to protect yourself. In a competitive rental market, it is normal for you to choose a great Hazelwood rental at an affordable price. The problem is that scammers know this, too. These con artists often dangle too-good-to-be-true rental deals as a lure to get you to contact them. So, after you acknowledge them, they will use many different tricks to try and take your money while leaving you without a rental home to show. The good news is that rental listing scams are often easy to spot if you know how their technique works. With good information and a few strategies, you can avoid falling into a rental scammer’s trap.
How to Spot a Scam
Rental scammers use several different methods to accomplish their schemes. One common technique is to steal a legitimate rental listing or ad, change the contact information, and place the altered ad on another site. Another common scam is to run ads for rentals that don’t exist or aren’t for rent. Those thieves will often include beautiful pictures and a too-good-to-be-true rental rate trying to capture your interest.
Spotting these scams isn’t always easy, but it is possible. Their initial red flag is usually the rental price. If it seems too low for the local market, it’s probably a scam. Another clue is in the rental listing itself. Rental scammers often perform outside the United States and may post ads with poor grammar, odd wording, or other unusual features. If you spot an advertisement like that, it is better to avoid it.
When you contact a rental listing ad that seems legitimate, that is the moment you may encounter a few more warning signs. Scammers will always ask you to wire them money for a security deposit, application fee, or first month’s rent. They will also make odd excuses for why they can’t show you the property or claim to be out of the country. One major red flag is if they want you to make arrangements through an “agent” or someone who is not a professional property manager. If you encounter any of these in the middle of your rental home search, move on.
How to Protect Yourself
If you become suspicious of a rental listing, there are steps you can take to protect yourself from these people.
- First, dig a little deeper into the owner or the listing. Make an internet search on both. If you find out that they have the same ad with different contact information, there’s a major risk that it is a scam.
- If that checks out, ask for a copy of the lease terms in writing and read it carefully. It should spell out all rental payments, fees, and responsibilities.
- Beware not to give out your personal information, like your Social Security number, unless you are confident that they are who they say they are.
- Don’t forget that you should have a signed lease before sending any money to the owner or landlord.
- Never send anyone money by wire transfer or send money for a rental to an overseas address. These are clear signs of a scam, and there is a big possibility that you will never get that money back, even if you report the theft.
Finally, if you discover a rental listing scam, you must contact the website where the ad was posted and report it to the Federal Trade Commission (FTC). In case you have become the target of a scam, it’s also important to report it to your local police.
You can avoid becoming the victim of a rental listing scam altogether by working with Real Property Management Three Bridges. As a professional property manager, we can inform you about upcoming listings that have been verified through the proper channels. Contact us online or give us a call at 636-542-8852 if you’re looking for a great rental in Hazelwood.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.