Wednesday, March 25, 2015

RENTAL SCAMS– Spoofing to Take Your Money

Sometimes you are looking for a new place to rent be that an apartment or a house. Or you might be looking for a vacation rental away from home. Beware of scammers taking your money but not delivering keys.

The way the scam works is that the scammers hijack legitimate listings, and then change the pricing and contact information. They will lower the price to attract a victim, and then they will ask for a deposit to be paid by check or wire. When the victim pays, the scammer cannot be found again. For contact information, the scammer will use a burner cell phone and a fake or spoofed email address. And the scammer will set up fake references.

Red flags that you should look for include:

  • Unusually low rent
  • An out-of-state landlord or management company who cannot be contacted in person or show you the property in person.
  • They want a check or wire transfer for payment.
  • Poor grammar or poor spelling of offer in their texts.

If you do find a property that you are interested in with a very low price, do a Google/Bing search on the address. More than likely you will find the legitimate listing with rent much higher.




No comments:

Post a Comment