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How To Protect Yourself Against A Rental Scam

You've probably heard about in on the news. It is a variation of the Craig's List check scam I wrote about previously, but this scam affects both landlords and renters. I encourage you to watch this ABC News video (an advertisement plays first):

[Editor's note: this video has been deleted by the news provider.]

To avoid getting "mugged" via a rental scam, the FTC advises consumers to look for these signs:

"They want you to wire money... There’s never a good reason to wire money to pay a security deposit, application fee, or first month’s rent. Wiring money is the same as sending cash — once you send it, you have no way to get it back."

"They want a security deposit or first month’s rent before you’ve met or signed a lease. It’s never a good idea to send money to someone you’ve never met in person for an apartment you haven’t seen... do a search on the landlord and listing. If you find the same ad listed under a different name, that’s a clue it may be a scam."

"They say they’re out of the country. But they have a plan to get the keys into your hands. It might involve a lawyer or “agent” working on their behalf. Some scammers even create fake keys. Be skeptical, and don’t send money overseas."

Comments

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Nico

thanks for your tips, from now on, i will follow your tips so i wont get scammed.

-nico

James

Rental scam is now popular, we must be aware of these. Anyway, thanks for sharing this to war the others.

-James

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