by Mary Anne Ragragio
Posted on 2019-08-21 20:17:01
Planning to rent to an apartment should be fun and exciting, however, it is not always safe when it comes to scammers or fraudsters. Unfortunately, many renters are experiencing rental fraud. Apartment rental scams are common and sometimes could be difficult to spot. If you are hunting to rent an apartment, it would be better to check some of these tips first to see how you can possibly avoid to be scammed and to help protect your hard-earned money.
According to the newest report of Apartment List, who ran a nationally representative survey of 1,000 US renters, an estimated of 43.1 percent of renters encountered listing they suspected fraudulent and more than 5 million US renters have lost money from rental fraud.
Rental fraud is just one of many types of scam. This type of scam happens when a pretending to be a landlord or property manager offers you to rent an apartment that does not exist at all and will try to ask you like money for the application fee or security deposit. People sometimes are vulnerable and it is one of the scammer’s favorite victims.
Most common fraud schemes
How to prevent fraud
What to do if you have been scammed