Renting A House In A New City? Beware Of These Rental Scams—IN PICS

Rental Scam involves rental property as bait to extract money either from the landlord or potential tenants using UPI and Wallet payment.

The surge in online rental platforms has opened up new opportunities for scammers to target people looking for houses.

Renting a house can make you vulnerable to rental scams. These scammers use the rental property as bait to extract money from either the landlord or potential tenants. Getty

Here is a list of some of the most common rental scams to avoid before renting a new property. Getty

Phishing Scams: Fraudsters impersonate genuine landlords and contact prospective tenants through email or text messages, asking for personal details or advance payment even before a property visit. Getty

Fake Listings: Scammers copy photos and descriptions from legitimate websites and post them at lower prices to attract new targets. Getty

Wire Transfer Fraud: The scammer disappears once the property is finalised and the funds are transferred using the electronic mode. Getty

Overpayment Scams: The Scammer sends a check for an amount surpassing the fixed rent and assures that the excess amount will be refunded via wire transfer. Getty

Identity Theft: Scammers use rental applications to steal personal information such as bank account details, Aadhaar details and more. Getty