William's Blog...with a smile!

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Before renting a home...

So you found a home to rent...finally.

The owner is not in the same town but trusts you enough to give you a combination to get the keys.

You go in and it is a great place.

Call the owner and he says he will send the contract, sign it and send the check.

A few days later...You find that You have been duped.  You were scammed.  The person renting the home out is NOT the owner.

 

This is a growing problem.

So how do you protect yourself from someone like this?

 

First off, not many owners of a home will give just anyone the keys to their house.  That is the first RED flag.

A cheap price in a hot market is also a RED flag.

Some tips...

If you are working with a owner, that lives in a different town, ask for the name and address and then call the county and ask for that information.  If it is different... RED FLAG!   RUN!!!

 

If you are meeting the owner at the home ask for proof of owner ship.   A tax invoice is one way.  Take the copy and ask for the owner to tell you the pertinent info on  it...name address  where the tax invoice is sent to.    Ask for a drivers license for proof of who they are.

 

If you get any resistence...RED FLAG!!!!!

 

RUN as fast as you can!!!!!!

Comment balloon 10 commentsWilliam Feela • April 15 2016 05:11PM

Comments

If you think something is too good to be true, you'd better check it out. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) over 3 years ago

We had a big problem with this during the oil boom William Feela 

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) over 3 years ago

William, that is great advice, I had not heard of this scam.

Posted by Sybil Campbell, REALTOR® ABR, SFR, SRES Williamsburg, Virginia (Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia) over 3 years ago

Great advice.  We don't have these scams here that I know of, but I have read that they do  happen in other places.

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) over 3 years ago

William

Your post is right on point . . . . we are have many of the same issues in South Florida.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 3 years ago

And William Feela  many of these scammers love to use Craigs List for their ads...

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek Team) over 3 years ago

With all the Craigs list scams out there this is very valuable advice, though I doubt that I would be willing to show up and put up with this much interrogation from prospective tenants.  But I would be willing to bring up the city tax site with all the pertinent info on me and my homes.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities) over 3 years ago

Hi William.  People are much to eager to get that elusive good deal to check and realize they are being taken.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 3 years ago

great advice...It only takes a bit of checking to make sure everything is on the up and up

Posted by Vern Eaton, Realtor 651-674-7449 over 3 years ago

William this just happend to us.  Craigs list scam. I just hope we helped save a bunch of people from being duped.  How they could think a home renting for 2K could possible be renting for 600?  I will never know....major red flag!

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 3 years ago

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