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