No rental regrets: Your guide to avoid rental scams

Money By Aparna Iyer July 18, 2024

Summer holidays are around the corner, which unfortunately means scammers have a reason to exploit the vacation rental rush. But don’t worry, with the right information you can outsmart scammers and focus on making memories.

How can I spot a rental scam?

Rental scams can be difficult to spot at first glance. The more carefully you read the listing, the better you’ll be able to identify the scam. Here are some key factors to watch out for:

  • Unrealistically low prices: A property is offering to rent out a grand space in a good location or a dirt-cheap rental car, especially compared to other similar listings. Artificially low offers are a common attempt to get your attention .
  • Pay first, see later: You approach a lister to see more of the property, but they ask you to make an upfront payment. Legitimate landlords won’t pressure you to pay immediately or send a money transfer to get more details.
  • Unprofessional listings: You come across a listing but it does not include all the details, plus the responses you get from the lister is generic. Beware of such listings, they are an attempt to scam.

Tips to #BeFraudSmart and to avoid rental scams:

  • Research: Before you book a property, check and verify all the information that you can find through online search. Search public records and consider requesting a video call to see the interior of the property. Don’t hesitate to ask the owner to verify identity and property details.
  • Visit: It’s best to visit a property you’re going to rent in-person. Only after you are sure of it, confirm or make a payment.
  • Use Verified websites: When renting, use established rental platforms that offer user reviews and have secure payment systems. If the listing is suspicious or too good to be true, don’t approach and report if possible.
  • Take your time: Only make payment after carefully checking the details and information. If a lister is using high-pressure tactics to push you to make a quick decision, do not give in. Take your time and DO NOT send money through untrusted methods.

Lastly, if a scammer is asking you to make a payment using Western Union, report it online and we will ensure to take the necessary steps to stop it.

All in all, always stay vigilant when looking for rental options on the internet. Remember these tips so we can be smarter, safer together.