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How Rental Scams Work?

Posted on February 22, 2018February 28, 2024 by Jain Estates Oncor International

The scammers know that it is difficult to find a good apartment or a good vacation rental place, and they also know that it is difficult for those interested to pass an offer that seems convenient. It is known that this type of scammer hunts his victims on some websites and bulletin boards of vacation spots. Conclusion: When looking for a vacation rental place, the warning to the tenant is “be careful”.

Pirated ads

Some scammers appropriate a real listing of properties for rent or that of a real estate agent by changing the electronic address or contact information, and publish the modified advertisement on another website. The altered ad may even have the name of the person who posted the original ad. In other cases, scammers have hacked into email accounts of homeowners listed on reputable rental vacation website websites.

Ghost Rentals

Other scam specialists invent listings of properties that are not for rent or that do not exist, and try to attract their interest by promising a rent for an excessively low amount, or with many services or great amenities. Your goal is to appropriate your money before you know it.

Signs of a scam

Acting prudently when you are looking for a property to rent is a worthwhile endeavor. Let’s see some signs that indicate that it could be a scam:

They ask you to send a money order or money transfer

Undoubtedly, this is the clearest indication that it is a scam. There is no reason to justify making a money transfer to pay a security deposit, an application fee or the first month’s rent. This is true even if they first send you a contract. Making a money transfer is the same as sending cash – once the money is sent there is no way to get it back.

You are asked to pay a security deposit or the first month of rent before making a personal contact or signing a contract

It is never a good idea to send money to someone you never saw in your life because of apartments for sale in Gurgaon you do not know. If you cannot personally visit an apartment or house, ask someone you trust to go and confirm that the property is for rent and that it corresponds to the description of the property advertised. In addition to scheduling a visit to the property, search the Internet by entering the name of the owner and the person responsible for the listing. If you find the same ad listed under different names, interpret it as a sign of a possible scam.

They tell you that the owners are out of the country

But they have made the necessary arrangements to give you the keys to the property. This could involve the participation of a lawyer or “agent” acting on behalf of the owner. There are some scammers who have reached the point of making fake keys. Do not send money abroad. If you cannot meet personally with whoever offers the property, if you cannot see the department or cannot sign a contract before paying, keep looking. And what about the properties for rent outside the country? The safest bet is to pay with a credit card or through a reputable vacation rented properties in Delhi that has its own payment system.

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