Rental Scams
In a perfect world everyone would be honest, and looking out for your best interest. Unfortunately that's not the case, and there are scammers out there looking to take advantage of unsuspecting renters and tenants. We want you to make sure you do everything you can to avoid falling victim to scammers, so we've got a few tips for you.
Things to watch out for:
- Listings that seem too good to be true. They probably are. Any listing with a price much lower than comparable properties, or a renter who seems a little too eager could be a scam.
- Renter requesting a high deposit. Deposits should be no more than one month's rent. If you find yourself with a renter asking for more, it could be a scam.
- Renter requesting electronic transfer of money. Be wary of anyone asking you to transfer them money electronically, especially if you haven't met them in person.
- Seeing multiple versions of the same property. If you find multiple listings for the same property, sometimes on other rental websites, with slight changes to the listing, there's a good chance it's a scam.
- Being asked to send money without viewing the property. Never send anyone money without meeting them, especially if you haven't been to visit the property. Take someone with you when you view a property, two heads are better than one for best judgment.
Do your Homework:
- Do background checks. Use the Rental Resume to get an idea of who a tenant is, and do some extra research to make sure everything checks out. Tenants should also do some background checking on their renters.
- Put everything in writing. Verbal agreements can be considered contracts too, so make sure any arrangements made between parties are put in writing.
- Get advice. If necessary, seek legal advice for any contract or anything you may be unsure about.
- Trust your gut. If something seems unusual or just not right to you, you're much better off protecting yourself.
If you suspect a scam while using our website please let us know at info@rentology.ca