1. Fraudulent renters looking for properties to rent.
2. Fraudulent properties for rent.
Fraudulent Renters Looking for Properties to Rent
Fraudulent renters will ask to be shown a rental property or if they do not live in the area will send email messages asking to rent a property. They don't have any intention of actually renting the property.
There 2 ways that a scammer can run a fraudulent rental scheme.
1. They provide a fraudulent form of payment and then they will ask for a refund of some of the money due to overpayment.
2. They rent the property but don't move in and then the fraudster uses the property as a rental property.
Things to Do to Prevent This Type of Fraud.
Fraudulent Properties for Rent
There are two ways that a rental property could be fraudulent;
1. The rental property doesn't exist.
2. The property is real and exists however, the rental property doesn't belong to the fraudster.
Ways to Avoid this Type of Fraud
Keep Your Money
Scammers will be looking to get your money upfront by asking for a security deposit and / or initial rent payments. Usually, the want cash, wire service transfers or e-mail transfers. Wherever possible try to make payments with a credit card.
If the landlord wants a security deposit that is higher than the law requires or wants additional fees to be paid be wary.
Avoid using Western Union and MoneyGram for sending rent payments or security deposits especially oversears. Both are used for Internet scams because the funds are available instantly and untraceable worldwide.
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