How can you be certain that the rental apartment you’ve found is really that good? Here are ways to avoid being the victim of a rental scam!
There are many ways bad people are trying to scam you. Frauds could be everywhere! But this isn’t the reason to avoid all good rental agreements. You should simply know how to recognize a rental scam and differentiate it from a good deal.
Many times you can find listing mentioning how the owners are living outside of the country, but are renting their old home. They will tell you they can mail the keys to you, but only if you pay the deposit and maybe even the first few rents. Once you send the funds, you’ll realize that the keys are nowhere to be found.
Unfortunately, this is a fairly common scenario. This rental scam is the most common way fraudulent people are trying to take your money. To prevent this, it’s essential you do your research beforehand.
Here are six things you can do to avoid being a victim of a rental scam.
1. Schedule a Showing
Always insist on viewing a property in person before you opt to give them money for the property. If you want to avoid getting into a rental scam, you should always insist on viewing a property. This way, you can ensure that it truly exists.
2. Don’t Give A Deposit Before The Viewing
If anyone demands that you give them a deposit before viewing the property, it’s likely that you’re dealing with a rental scam. You should always wait until you see the unit you’re interested in to give a hefty payment. If someone wants you to pay just to view the property, something usually isn’t right.
3. Don’t Go Alone
You should never go alone when you have to meet a stranger. No matter if it’s going to be a scam or not, you should always have someone with you – especially if you have a bad gut about the situation. Don’t risk getting into something you can’t get out of.
4. Trust Your Instincts
Always trust your gut. If your sixth sense tells you something is wrong, that’s because it usually is. Always do your research, make sure the price is right, and if something feels like a rental scam – it most likely is. If something feels illegitimate, always make sure you’ve checked everything out to prevent yourself from being scammed.
5. Look At Photo Quality
Look at the quality of a photo on the listing. If the listing is market by a brokerage, you should know that all real estate agents do their best to provide professional photos of the property. If the photos look professional but there isn’t a guarantee of a real estate brokerage, chances are that someone stole them from a brokerage’s website. Usually, when the seller lists their rental property on their own, the photos are taken by their smartphone and don’t look as professional as photos from a real estate agency.
6. Contact A Trusted Real Estate Investor
Professional real estate companies, such as Sparks Property Investors LLC, usually rent out their homes. This is how they profit from the houses they’ve bought. Even if you don’t plan to rent from them, chances are they’ll know which companies are trusted, and which aren’t. You can even check whether they offer some rental properties, as well, as you can be certain these houses aren’t a part of a rental scam.